Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Upshift
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Market == === Unlocking a $19B market === * In the top 10 US cities, we see an opportunity to replace 3.5M cars being driven <10,000 miles/year. * $442/month per account. Average 13.5 month retention. Average LTV of $5,967 per account. * 3.5M cars x $442/member/month is a $19B market opportunity for fractional car subscriptions in the top 10 US markets. * Based on our expansion requests, we see further opportunity to expand internationally and into smaller cities and suburbs as an alternative to having a second or third car. [[File:4b77a5e0a1e89be3924e393b7cebe4f307b5d.png]] === Expanding the market, big opportunity === Current demographic represents ~½ of cars in cities (~3.5m cars in top 10 US markets). Developing our unmanned delivery tech will enable our expansion to lower density markets (smaller cities, suburbs) to replace 2nd and 3rd cars, and address an additional 120M cars driven <10,000 miles/year segment. === Trend: Post-COVID behavior change === ''“Two years into the COVID-19 pandemic, roughly six-in-ten U.S. workers who say their jobs can mainly be done from home (59%) are working from home all or most of the time.”'' This study from Pew Research Center (Feb 16, 2022) shows that "hybrid work" is here to stay. People no longer need a car to commute every day. === Trend: High demand for green cars === * Vehicle supply constraints are driving up the cost of cars * $5/gallon gas is driving demand for hybrid and electric cars === Trend: The world is unstable === * traditional car financing locks you into expensive 6 year terms * no one knows what the world will be like in 6 months People need an affordable, flexible, green alternative to car leasing. A car when you need it, that's gone when you don't. That's Upshift. [[File:10ab6a662095cc8bd880e8dcfa542b30b2f95237.png]] Source: https://www.pewresearch.org/social-trends/2022/02/16/covid-19-pandemic-continues-to-reshape-work-in-america/
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)