Photo - GT. Grandstone Transport
54178

GT. Grandstone Transport

UBER for construction and cargo vehicles

Belarus, Minsk city
Market: Internet and IT, Building, Transport
Stage of the project: Operating business

Date of last change: 06.10.2021
Sale price
$  55.000
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Does the enterprise work?

Yes

Idea

GT is a mobile application and online service for finding and renting the nearest available construction and truck equipment. The service is completely autonomous and allows you to automate the process of renting special equipment, including using geolocation, without installing additional equipment.

Current Status

The project was launched in Belarus in November 2019. A number of significant adjustments in the logic of work - March 2020. As a result of a certain series of events in the country, since July 2020 the project is no longer progressing in Belarus. The company focused on scaling the project to other countries. Currently, licenses for Georgia, Armenia, and Azerbaijan have been implemented. In Georgia, the project will be launched on the market in October 2021.

Type of property

Another

Property and assets

International patent for software code (server, iOS, Android, WEB) and service logo.

Organizational form

Limited liability company

Number of employees

30

Problem or Opportunity

As in any other field, the construction and truck rental market face many challenges. Among which:

- Availability and automation
of the rental process. Calls, sending mail, signing a contract, etc. - are still done manually.
- Simple or overrun technology. And, as a result, an increase in emissions into the atmosphere, load on traffic and the roadbed. Not to mention the additional costs of the owner.
- Lack of guarantees and transparency of the transaction. Forgot: call, send, write, make, pay, etc.
- Remoteness of equipment from the place of work. Time for delivery of equipment is included in the rental price. The further the equipment is, the less work the contractor will perform in the same period of time.

Solution (product or service)

Answering the challenges (problems) indicated above:

- All processes are automated. Electronic document flow will allow you to be confident in the transparency of the transaction, control of payments, geolocation of equipment, order statuses, etc.
- Service is free for Contractors. It serves as an additional channel for customer acquisition, allowing you to reduce advertising costs. This, in turn, also allows you to avoid equipment downtime.
- We use uniform pricing, which excludes dumping and unfair competition. The contracts have public status and do not require signing by a second party.
- The service uses the real geolocation of the equipment and will automatically calculate the distance to the place of work. It also does not require the installation of additional equipment - the service uses the GPS data of the smartphone.

Competitors

There are about 40 applications worldwide for organizing the rental of special equipment for iOS, Android, and WEB. Most, if not all, is a banal newspaper bulletin board moved online. To close the deal, you still need to:
- Call contractors for the possibility of performing work;
- Agree with them and formalize the deal with documents; - Pay (usually in cash);
- There is also no guarantee that the declared and serviceable equipment will arrive;
- Tracking the stages of the transaction (payment, delivery, location of equipment) is done manually

Advantages or differentiators

Our uniqueness lies in the skillful combination of components such as:
- Automation. From registration to completion of the transaction.
- Digital document flow based on public statuses;
- Automatic tracking of all stages of the transaction with notifications to all participants;
- Using the real geolocation of equipment * to reduce customer costs, as well as reduce the load on the roadway and traffic. As a result, the reduction of emissions of harmful substances into the atmosphere.
- An experience. 27 years on the market of construction and rental of special equipment and freight transport
* - it does not require the installation of additional equipment for equipment owners;

Finance

Income:
- commission to the cost of the order. Paid by the client (customer of the equipment);
Expenses:
- support center (1 dispatcher / application administrator);
- software support package (it is better to use a local contractor);
- marketing

Business model

The service is monetized by adding its own percentage (5-7%) to the total cost of services. The client is invoiced already taking into account the service commission. The contractor receives his share of the remuneration from the service.

Reason for sale

Interest in Industrialization 4.0 outside the Republic of Belarus. The license applies only to the buyer's territory.

Market

Age: 20 to 55
Sex distribution: male / female - 95/5
Category: from a private client (take out garbage, pump out the sewer, dig a trench) to a large developer (tower crane, low-bed trawl, bulldozer, grader). Construction and road construction foreman

Risks

Possible risks:
- conservative market;
- unwillingness to work in "white";
- the corruption component - as a competitor in this case. It is excluded from the service.

Invention/Patent

The company owns the patent for the software code, as well as the service logo.

Photos

Photo 1 - UBER for construction and cargo vehicles

Product Video

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Does the enterprise work?
Idea
Current Status
Annual sales, $
Annual net income, $
Type of property
Property and assets
Organizational form
Number of employees
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Business model
Reason for sale
Market
Team or Management
Risks
Invention/Patent
Photos
Product Video