Problem People use their phones while riding their bikes which can drain its battery, as a result this prohibits people from being able to use their phones for the rest of the day.
Phones consume 28,000 kilowatt-hours every year from
charging alone Solution The Viva Charger: Our product charges phones with a bike powered generator that attaches to front of your bike Our goal is to be more eco-friendly and take the energy created while riding a bike and use it to charge a phone that usually uses a lot of energy each year Target Market & Market Size 77% of Americans have smartphones 100 million people in the U.S. bike each year Our target market based on interviews are avid bikers who enjoy long bike rides, college students, and commuters. Customer segments Carly: - College Student at Ohio State - Majors in Environmental Engineering - Age: 20 - Loves music and being on social media Customer segments Diego: - Lives in San Francisco - Owns an organic juice bar - Age: 40 - Is an avid bike rider - Often goes on long bike trips for multiple days Customer segments Tess: - Lives in downtown Amsterdam, Netherlands - Bikes to work, uses bike for transportation - Age: 24 - Relies on smartphone for work and recreation Go to Market Plan Year 1: Patent, Design, Capital from Investors, and Crowdfunding, 1200 units produced , Marketing, and Manufacturing Logistics.
Year 2-4: 12,000-100,000 units produced, Marketing, Less Manufacturing, lowering
costs, key partners, and key resources.
Year 5: PROFITABLE! And Get, Keep, and Grow Customers
Financial PIcture (First 5 Years per unit) Financial Picture Continued Product cost: around $100 + shipping Profit between $44-$56 from each unit sold 1st year Manufacture 12,000 units (1,000 for every month) Revenue: 1.2 million Profit: $600,000 1 month Goal is to sell 1,000 units Revenue: $100,000 Profit: $50,000 Investment Offer - Money from investors to get started: $100,000 (for 2 months in the first year) - Investors: within two years we will pay $150,000 back - There is money set aside in the price of the product for the first two years to pay this off - $6.25 per unit Thank You!