Event: 2017 Phocuswright Europe
Product: Save A Train Ltd
Category: Startup Company
HQ: Ramat-Hasharon, Israel
Principal(s): Avi Sharir, Udi Sharir, Ishay Erel, René de Groot
Funding: Startup launched by private venture studio 3D-Innotech that invested >€350K. Currently looking to raise €1.5-2M.
Product Description: This innovative rail travel solution enables competitive online rail travel booking, purchasing, upgrading, ticket exchanging and price savings. It offers an integrated family of products: Rail Scan, Rail First, Rail Save, Rail Deal, Rail Yield.
Business Model: Revenue model: B2C Commissions: (a) Ticket sales, flat fee or % on price savings; (b) Travel and hospitality add-on products purchased via the Rail Saving Account. B2B: Big Data analytics, yield & revenue mgmt. solutions and services to railways, OTAs and smart transportation platforms.
Competitors: The only EU online rail- dedicated travel platform offering best price scanning & saving incl. post booking & other value-added rail travel products.
Competitive Edge: Win-win model for both passengers and the railways, capitalizing on technology and digital marketing innovation.
Market Opportunity: The passenger rail market in EU represented ,€46.4B in 2012 and 424B PKM in 2014, growing at ,1% pa. Prices on rail travel often fluctuate due to performance and yield mgmt. considerations. Railways is an 'old' industry that tries to save costs, apply digital marketing innovation and improve its yield mgmt. & competitiveness. On the demand side, online rail booking is growing fast as high-speed trains increasingly replace flights & environmental restrictions limit car usage.
Early Customers: Commercial agreement signed with Trenitalia, entered into a pilot project with NS Int. - NL., POC in France >7000 users
Contact: Ishay Erel, Investments & Business Manager; [email protected]; +972 544 44 3909
