Nigeria - Business creation project
Individual
participation
ecoRIDE_
We are an experimental decentralized e-hailing platform with insurance, lending and watch to earn advertising services.
Documents
ecoRIDE_
Describe your project or startup in a few words
We are an experimental decentralized e-hailing platform with insurance, lending and watch to earn advertising services.
01.01 Describe your project in more detail
We utilize Blockchain technology in providing and inclusive, viable and more eco-friendly e-hailing experience. We are primarily an e-hailing platform form. We also provide insurance which drivers in our ecosystem can also borrow funds against. Our platform also rewards riders by utilizing global watch to earn advertising services. We recently was got into the GroveChain grant program.
01.02 What is the main problem you are trying to solve?
Our platform aims to make drivers earn more for their hard work and a major stake holder in the transportation industry. Drivers do not benefit as much as they put into their work in the organised e-hailing sector and we are changing that by revolutionizing the e-hailing sector completely.
01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).
By using your platform drivers can gain access to global network of market. Our drivers will now be able to afford EV which on an ordinary day will not be possible. Our drivers will have workable insurance policies that they can lean on in distress situations. Also riders will be able to gather points from our global watch to earn advertising services which could help subsize e-hailing costs for them as well.
01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?
Our solution is aim to serve the upwardly mobile workforce globally. Our target beneficiaries include students, workers
01.05 When did you start working on your project?
2023-01-01
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.)
My co-founder is a business man, he has been in the business arena for over a decade. He also has recognition by enterprise development center, Lagos.
01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:
Not answered01.10 Which industry best describes your project?
Other: Transportation
02.01.01 My project contributes to the No poverty goal
6
02.01.02 No poverty - Justification
Not answered02.02.01 My project contributes to the Zero hunger goal
7 - Strongly Agree
02.02.02 Zero hunger - Justification
We help drivers earn more without pay no commission or a fee to use our platform.
02.03.01 My project contributes to the Good health and well-being goal
7 - Strongly Agree
02.03.02 Good health and well-being - Justification
We are pioneering the first ever electric vehicle specifically for e-hailing. This helps to provide a healthy environment
02.04.01 My project contributes to the Quality education goal
4
02.04.02 Quality education - Justification
Not answered02.05.01 My project contributes to the Gender equality goal
7 - Strongly Agree
02.05.02 Gender equality - Justification
We promote equal rights for all genders and provide the same opportunities across boards. This is also achieved because we utilize Blockchain technology.
02.06.01 My project contributes to the Clean water and sanitation goal
3
02.06.02 Clean water and sanitation - Justification
Not answered02.07.01 My project contributes to the Affordable and clean energy goal
7 - Strongly Agree
02.07.02 Affordable and clean energy - Justification
We reduce amounts of cars on the road be providing alternative transportation options.
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
Our driver get to earn more for their work input
02.09.01 My project contributes to the Industry innovation and infrastructure
7 - Strongly Agree
02.09.02 Industry innovation and infrastructure - Justification
We provide the state of the art application that works smoothly with all aspects of our solution and also sets a standard in the industry.
02.10.01 My project contributes to the Reduced inequalities goal
3
02.10.02 Reduced inequalities - Justification
Not answered02.11.01 My project contributes to the Sustainable cities and communities goal
7 - Strongly Agree
02.11.02 Sustainable cities and communities - Justification
Our solution through innovation provides sustainable cities and communities.
02.12.01 My project contributes to the Responsible consumption and production goal
3
02.12.02 Responsible consumption and production - Justification
Not answered02.13.01 My project contributes to the Climate action goal
7 - Strongly Agree
02.13.02 Climate action - Justification
Our solution is eco-friendly and utilities EV and eco-friendly vehicles.
02.14.01 My project contributes to the Life below water goal
2
02.14.02 Life below water - Justification
Not answered02.15.01 My project contributes to the Life on land goal
2
02.15.02 Life on land - Justification
Not answered02.16.01 My project contributes to the Peace justice and strong institutions goal
2
02.16.02 Peace justice and strong institutions - Justification
Not answered02.17.01 My project contributes to the Partnerships for the goal
7 - Strongly Agree
02.17.02 Partnerships for the goal - Justification
Our solution encompasses 3 key industries and we have managed to connect them uninterruptible and globally via Blockchain technology.
05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.
4
05.02 The product/service we envision creating represents an entirely new type of product/service.
5
05.03 The product/service we envision creating could be described as a new technology.
2
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.
7 - Strongly Agree
05.08 Justification
We are unique in many ways; we do not depend directly on drivers to stay profitable. We provide an all in one solution for drivers and also ensure the riders also earn in our ecosystem. No other e-hailing venture does this in the world.
05.09 Who are your main potential competitors and what makes you stand out from them?
Uber, Lyft, bolt. What make us stand our is that we are decentralized and we do not charge drivers a fee neither do we take commissions on their income. Everything they make goes to them 100%. Our riders also earn while they use our platform. We also provide income from the activities of our drivers for their next of kin.
10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?
We plan to have special onboarding process for our first 100, 000 female drivers.
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