Nigeria - Business creation project

Describe your project or startup in a few words

Transpool is a community centred ride hailing app using the carpooling system that aims to revolutionise transportation for riders, providing cost-efficient and safer commuting options while offering an alternative income source for working-class riders.

01.01 Describe your project in more detail

Transpool offers a solution through a robust carpooling system that connects commuters to riders travelling the same route. With a stringent registration process and government ID verification, Transpool ensures confidence and safety for both commuters and drivers. The app limits drivers to offering only three seats for comfort and implements a rating system to inform riders about driver reliability. Transpool not only offers a cost-efficient and safer commuting option but also serves as an income source for working-class riders. It contributes to reducing carbon emissions by encouraging car owners to utilise the carpooling system. With a focus on safety, affordability, and convenience, Transpool aims to revolutionise commuting in metropolitan cities. Transpool transfers that cost liability into an income source. This software also eases the strenuous process of commuting to work for workers. Ineffective public transportation, safety, and the high cost of alternative transportation sys

01.02 What is the main problem you are trying to solve?

Transportation holds the key to unlocking economic development, acting as the lifeblood that empowers the workforce and facilitates seamless commuting . Yet, amidst the explosive growth of metropolitan cities, there is still that predicament that has not been solved: efficient and reliable transportation. Our goal is to solve this problem with a simple yet efficient system capable of withstanding the relentless surge in population.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Riders can significantly reduce their commuting expenses compared to traditional ride-hailing services or public transportation. Knowing that both the drivers and fellow passengers have undergone identity verification instills confidence and peace of mind during the journey.Live Location sharing is also enabled. Transpool fosters a sense of community among riders through shared commutes. By leveraging their daily commute, drivers can offset the costs of owning and maintaining a vehicle while contributing to the community's transportation needs. By splitting these expenses among multiple riders, drivers can reduce their overall transportation costs, making car ownership more sustainable and affordable in the long run. By participating as drivers on Transpool, individuals contribute to easing traffic congestion and reducing carbon emissions in Lagos.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

1. Primary Target Audience: Working-Class Commuters a. Employees of Large Corporations: Demographics: Ages 25-50, both male and female. Location: Residing in and around major business districts like Victoria Island, Ikeja, and Lekki. Behavior: Regular daily commuters, predominantly using public transportation or existing ride-hailing services. Pain Points: High transportation costs, long commute times, and safety concerns. b. Employees of Small and Medium Enterprises (SMEs): Demographics: Ages 20-50, both male and female. Location: Spread across various business areas in Lagos. Behavior: Daily commuters using a mix of public transportation and informal carpooling. Pain Points: Inconsistent transportation options, cost concerns, and unreliable service quality. 2. Secondary Target Audience: a. Students and Young Professionals: Demographics: Ages 18-30, predominantly single. Location: Concentrated around educational institutions and business hubs. Behavior: Tech-savvy, frequent users of

01.05 When did you start working on your project?

2023-05-01

01.06 How many other partners are associated with your business venture?

1

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Segun Akin-Skilled and dependable Finance professional with an in-depth knowledge of Banking operations, Financial analysis and Treasury Management. Condent, strategic and a great team player, constantly seeks out opportunities to go beyond basics, improve processes and increase customer satisfaction. Consistently meets critical business needs with an organized, transparent and skilled approach. Ikechukwu offor- With a background deeply rooted in brand management/design, digital marketing, web management, and led numerous successful campaigns across a diverse range of industries, from retail to logistics, healthcare, and real estate. My ability to craft compelling brand strategies and create resonant content has consistently driven results and captivated target audiences.

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https://transpool.ng/

01.10 Which industry best describes your project?

Other: Transportation

02.01.01 My project contributes to the No poverty goal

4

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification

02.03.01 My project contributes to the Good health and well-being goal

3

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

4

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Transpool is an open app for all genders, we implemented a filer feature that allows riders pick rides based on gender of driver, this would allow all gender to participate freely in transforming the commute experience

02.06.01 My project contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

Transportation holds the key to unlocking economic development, by making commute easy, this would reduce the amount of time spent on the road and lead to better output from employees.

02.09.01 My project contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification

02.10.01 My project contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

With a stringent registration process and government ID verification, Transpool ensures confidence and safety for both commuters and drivers. Transpool fosters community building though the our carpooling system

02.12.01 My project contributes to the Responsible consumption and production goal

3

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

6

02.13.02 Climate action - Justification

By participating as drivers on Transpool, individuals contribute to easing traffic congestion and reducing carbon emissions.

02.14.01 My project contributes to the Life below water goal

3

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

3

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

4

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

5

05.02 The product/service we envision creating represents an entirely new type of product/service.

4

05.03 The product/service we envision creating could be described as a new technology.

5

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

4

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

3

05.08 Justification

A robust carpooling system that connects commuters to riders travelling the same route

05.09 Who are your main potential competitors and what makes you stand out from them?

Our main competitors are Shuttlers, Uber, Bolt and Indrive. We stand out as Transpool’s unique carpooling model allows multiple riders to share the cost of a single ride,Transpool requires both drivers and riders to provide government-issued IDs for verification, ensuring a higher level of trust and security for all users. Allowing only up to three riders per car, Transpool ensures a more comfortable and less crowded commuting experience, Transpool can customize its offerings to meet the specific needs of corporate partners, including flexible scheduling, route optimization, and cost-sharing arrangements.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, we recognise the importance of equality and would be involved females in our business operations