WeBus is a convenient platform for shared taxi rides, that provides Higher profit for the taxi drivers and lower tariff for users. the company has signed strategic agreements with Yango and 3 additional large taxi companies in Israel.
Now the company is recruiting investors and you can get shares in the company starting at only $10,000!
Join the WeBus community, which includes investors from the world of transportation and urban planning, owners of shuttle and taxi companies, and more.
Highlights
WeBus has signed strategic agreements with Yango and 3 additional large taxi companies in Israel and is now raising funds for further development and fast penetration into international markets. The company already generates income and aspires to become profitable starting Q3 without further investment.
Among company’s executives are the former CTO of Gett and the founder of Bringg.
WeBus platform enables a user to order a ride with additional users, so they can all reach their destination quicker, at a lower price. WeBus generates the optimal scenario point between slow and extremely inefficient public transportation and taxi rides, which are fast but expensive. With WeBus, the taxi drivers earn more, while the users pay less and as a result, the company earns 6 times over the competition.
The results of the WeBus platform activities in Israel today speaks for themselves, with great success.
Professional Explanations about WeBus operation in Hebrew:
Pitch
A platform for shared rides that are cost effective, fast and convenient is missing globally. The competition is usually between Apps such as Gett and Uber, but most people cannot afford them on a regular basis, due to their prices.
Of course, there are UberPool and LyftLine that aim to provide shared rides, but they are only adjusted for their original users. Their original users are used to ride alone fast and conveniently, hence not willing to show enough flexibility to share rides.
Public transportation is extremely slow and usually overloaded to the point of discomfort. It also presents many constrains, such as location of stations which is unsuitable for users. In the majority of the developing countries, most of the population cannot afford a private vehicle and, in many destinations, parking is missing (i.e., main cities of those countries.)
The target audience is 8.8 percent of the global population on earth, focusing mainly on developing countries that present greater potential.
We will focus on developing countries in which there is high demand for public transportation, mainly bus users.
In developing countries, there are regular mid-level public transportation and below customers. Our target audience has no financial ability to own a car or use the services of a chauffeur/taxi, when public transportation is inconvenient and time consuming. WeBus can reduce taxi/chauffeur costs and offer a fast and convenient ride at an affordable price.
Usually there is a commission per ride in the market. Since each ride can be with 3 or more customers, the users can pay half price each, the drivers receive a higher tariff per ride (about 120 percent compared to regular rides) and WeBus enjoys a much higher commission. Even if the company decreases its fees, it will remain far more profitable than the competition.
WeBus relays on the public transportation users’ market, people that wish to arrive at their destination faster and are willing to pay a bit extra for that.
Over 30 percent of people worlwide use public transportation.
WeBus intends to first enter developing countries where the percentage of public transportation users is high and where public transportation is basically inefficient with regard to arrival times.
WeBus aims to quickly penetrate additional markets, since previous transportation companies that created momentum multiplied their value by tens of thousands of percent within 4-5 years. WeBus goal is to quickly enter strategic destinations in large cities that currently offer inconvenient public transportation
At such cities, 50-70 percent of the population uses public transportation, which is commonly problematic and taxi/chauffeur costs are relatively low.
Gilad Israeli
Founder, CEO & CMO
LL.B. Law at Hebrew University, and MBA at Bar-Ilan University Serial entrepreneur. Managed over a 1,000 employees and volunteers. Managed successful campaigns with high ROIs.
Dor Alon
COO
B.sc in industry engineering and management. Owner at Alon Transportation. Experienced in various roles at different market leading transport companies.
Tzafrir Ariel
Market Research team leader
BA studies in Geography at the Hebrew University, majoring in Urban Planning. Regional associate in the Department of Strategy and Policy at the Ministry of Construction and Housing. Urban Planner.
Shai Lev
CTO
Computer Science and Management of Information Systems at McGill. Owner at Mastermind Computer Genius, an app development company. vast experience as a developer and managing developers both domestic and overseas.
Lior Sion
Advisor
Formerly CTO & VP Product at GetTaxi Founder at Bringg (unicorn company, delivery field) Advisor for product- market fit and marketing.
Ori Shilo
Advisor
Formerly Founder at FanZone (Transportation to mass events) Advisor for marketing.