Detailed description (English): Volvero is a drive sharing app where owners can share their vehicles with drivers. Our app creates a system in which one can have access to a car, a motorcycle, or commercial vehicle in the most efficient and sustainable way saving time and money. By registering on our platform owners can set the sharing time, distance, price, and other terms, being able to accept or decline drivers’ request. At the same time, drivers are able to choose any vehicle and terms of sharing that best suit their needs. With the help of AI and advanced technologies, Volvero guarantees maximum security and transparency providing necessary information such as the performance of owners, drivers, and vehicles. Overcoming outdated paperwork, Volvero creates smart contracts at the start of the ride while one of a kind built-in insurance covers drivers and all kinds of vehicles.
Target group(s): Volvero operates within a vast global market opportunity valued at €200B, encompassing approximately 750 million potential clients. Transportation constitutes a significant 15% of the world GDP, with projections indicating an increase to 20% in the near future. Within this context, Volvero strategically positions itself with a SAM of 220 million users, distributed across regions. The UE, accounts for 15% of the total TAM. volvero's primary target users are individuals aged 20 to 55 residing in urban areas, owning vehicles available for sharing or desiring to rent vehicles for their mobility needs. Our platform serves a diverse array of users. On the demand side, typical users are aged 20 to 45, with a particular focus on the 25 to 35 age group. This demographic includes students, expats, young professionals, families with single cars, and tourists. Conversely, on the supply side, we cater to private vehicle owners aged 30 to 55, car dealers, corporate entities with vehicle fleets, independent car rental services, and families with multiple cars. Notably, volvero plays a vital role in enhancing accessibility for individuals residing in remote or suburban areas where conventional transportation options are limited.
For instance, the platform benefits those who lack access to public transportation in remote regions, as well as those residing in outskirts where safety concerns, particularly for women and young individuals, hinder mobility. By offering a safe and reliable solution, Volvero empowers users to engage in social activities, access essential services like healthcare and education, and contribute to their personal growth and societal development.
Objectives: By providing a marketplace Volvero connects owners and drivers effectively bringing to use underutilized vehicles and providing an extensive range of efficient mobility possibilities to the drivers. Having this access to transportation enhances people’s well-being by giving them freedom of moving, more possibilities, and eliminating social inequality. At the same time owners, both private and commercial can significantly reduce their vehicles’ costs and make the ownership feasible. Car rentals and dealers have a chance to switch from the outworn business model to a profitable modern one. With Volvero fewer vehicles wander in the cities as each one is utilized more, raising the actual average use of them and favouring a fast turnover of old cars with newer less polluting ones. These factors entail a pollution reduction, and traffic jams, reducing the need for urban spaces for parking areas, thus converting them into more useful and productive facilities.
Partner: the EIT Urban mobility, the EIT Climate KIC, Impact HUb, Europ Assistance, Neosurance, Ca Foscari University, Bocconi University.
Italy