Network Effect Pty Ltd

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Headquarters 40 Lime Street, Sydney NSW, Australia
Stage Pre Seed
Company Size 1-10 Employees
About

The business offers a Fleet-as-a-Service to a niche with revenue potential that can comfortably exceed $3Bn pa in Australia alone.

Highlights

We have our first customer.

Starting with their Sydney locations in 2024, a successful implementation in Q3 and Q4 2024 would be followed through 2025 by a national mainland roll-out. The expectation is that we should capture no less than A$2M in annual revenues from the A$20M possible in Sydney sites alone.

Funding

Up to A$3M.

The preference is for funding at the target amount as it allows for 100% Asset-backed security for at least 70% of the total funding. Potentially tax-effective/deductible forms of contribution are possible for commitments less than the target.

In-kind contributions from parties offering additional capabilities around legal, accounting, digital and marketing services are encouraged. There is potential for sponsorship and naming rights for the right partner.

Summary

In many ways this is not a complex opportunity. It is a business that uses a new mode of serving an existing market to capture a share of a very significant proven annual dollar demand. Our solution targets a sector in transition, which for reasons of industry structure, brand equity, and the significant existing investments of current players, will be slow to adapt. Our blank sheet newcomer can run at the opportunity without the negative legacy issues that burden the incumbents.

Tags

electric vehicles Impact Mobility Subscription Sustainability