AI and Data Automation that allows vehicles to think and take care of themselves
Detroit, MI, USA
One Liner
One Liner
AI and Data Automation that allows vehicles to think and take care of themselves
What Problem We are Solving
Problem
Vehicle ownership sucks! Ownership decisions and tasks are hard to keep up with for busy owners. This impact their total cost of ownership over time. For manufacturers, this impacts brand loyalty and retention. For dealers, this impacts the life and trade-in value.
About Us
About Us
Locus Mobility is creating “Autonomous Ownership,” which allows vehicles to self-manage the ownership decisions and tasks with an owner’s one-click approval, not effort. We are a white-label platform and system giving manufacturers, dealers, and owners a unified platform to support all aspects of the vehicle ownership experience post-purchase using an ownership algorithm. Locus automates decisions, payments, relationships, and services delivered to owners where they park creating a "SMART" vehicle ownership experience.
Business Model
Business Model
Our revenue model will consist of 3 revenue drivers:
Direct Service: $55 Avg Spend per Customer - Vehicle Owners (PRESENT)
Dealership and fleet management software focus on a dealer's internal experience and operation. At Locus, we focus on the external experience of the owners and how the OEMs and dealerships manage that experience. Locus extends the customer engagement experience post-purchase and serves as an operating system for vehicle ownership through our Ownership Algorithm. We are different from fleet and dealership management software and on-demand service technology in these three ways:
Proactive Model: We monitor real-time vehicle data to anticipate, predict, and schedule services to submit for owner approval, creating a frictionless decision-making experience
Customer Satisfaction: We reduce dealership visits addressing a major pain point in the ownership experience while managing the many payment relationships from a single method. We create a customer feedback loop and engagement experience that improves Net Promoter Scores and Customer Satisfaction Ratings.
Revenue Diversification: We enable OEMs and/or dealerships to generate revenue through a service network/marketplace and referral fees from third-party service providers, employees, or contractors
Revenue
Revenue To Date
$500K
MRR
$8K
Revenue YTD
$97K
Burn Rate
$8K
Users
Total Users
4K
Total Users (Past 30 Days)
200
Daily Active Users
N/A
Monthly Active Users
500
Total Paying Users
4K
MoM Growth Users
15%
Organic Traffic %
N/A
Customer Costs
CAC
N/A
LTV
N/A
Churn
N/A
Margins
63%
Go-To Market Strategy
Business Strategy
B2B Acquisition: Active conversations are happening with Stellantis, Ford, Toyota, and Gm through the Supplier Diversity department with the company. Our Advisors and Mentors are making direct introductions to their contacts in relevant departments at the automotive manufacturers.
B2B2C Acquisition: We will continue to execute our direct service business model under the Locus Mobility brand acquiring vehicle owners at strategic real estate locations (apartments, corporate offices) that are converted to the Locus platform and waitlist.
B2C Waitlist: We are running a marketing campaign to create a waitlist of owners who desire a simplified vehicle ownership experience. The waitlist will allow us to build momentum and a strategic plan based on submissions. Owners on the waitlist provide:
Moj.io is a direct competitor. Dealerships Management Software and On-Demand Services can be considered in-direct competitors but we are a complimentary experience to their business model.
Dealership and fleet management software focus on a dealer's internal experience and operation. At Locus, we focus on the external experience of the owners and how the OEMs and dealerships manage that experience. Locus extends the customer engagement experience post-purchase and serves as an operating system for vehicle ownership. We are different from fleet and dealership management software and on-demand service technology in these three ways:
Proactive Model: We monitor real-time vehicle data to anticipate, predict and schedule services to submit for owner approval, creating a frictionless decision-making experience
Customer Satisfaction: We reduce dealership visits addressing a major pain point in the ownership experience while managing the many payment relationships from a single method. We create a customer feedback loop and engagement experience that improve Net Promoter Scores and Customer Satisfaction Ratings.
Revenue Diversification: We enable OEMs and/or dealerships to generate revenue through a service network/marketplace and referral fees from third-party service providers, employees, or contractors
We are open to meeting up to grab a coffee, or just to chat.
We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!
Share
Capital
Loading...
Name
Amount
Amount Left
$1,500,000.00
Amount Raised (This Round)
$500,000.00
Amount Raise To Date
$500K
Investment Type
N/A
Type of Raise
SAFE
Valuation
$8M
Friends & Family
$500K
TAM SAM SOM
TAM
$1.6T
SAM
$182B
SOM
$532B
Business Stage
Business Stage
Paying Customers
Think a friend might be interested in this?
Enter their email to share it with them!
An end-to-end solution to early stage ventures and the firms that support them.
