Dela Cruz, Neichole Andrey Aguelera, Carl Vincent Maligaya, Justin Rhey BSIE 4B Table of Contents: I. Introduction to the Business II. The Business Model Canvas 2.1 The Business Model Canvas Table 2.3 The Business Model Canvas Figure III. Conclusion and Significance of the Canvas I. Introduction to the Business Loki Express is a solared powered public bus company envisioned to innovate the existing system of bus companies today. It aims to connect innovation and sustainability in the realm of public transportation. As a pioneering force in the industry, the company is dedicated to revolutionising urban mobility through our fleet of state-of-the-art solar-powered buses. Our commitment to environmental stewardship and cutting-edge technology sets us apart in the quest for a cleaner, greener future.
Key Features Loki Express’s Solar-Powered Buses:
Solar Integration. Our buses are equipped with cutting-edge solar panels that harness the power of the sun to generate clean energy, significantly reducing dependence on traditional fuel sources. Smart Connectivity. Embracing the digital age, our buses come with advanced connectivity features, allowing passengers to stay connected, access real-time information, and enjoy a modern commuting experience. System Operational Routes. Loki Express has Industrial Engineers that monitor their route, if the ETA gets slower, the IEs will compute and integrate a new route so that they will be on their arrival places on time. Pre-Booking and Reservation. Loki Express comes with a digital app that lets passengers choose their ETA, ticket seats and even the type of bus they want to ride in. Safety First. The safety of our passengers is our top priority. Our buses are equipped with the latest safety technologies, including collision avoidance systems, emergency braking, and comprehensive monitoring systems. Comfort and Design. prioritise passenger comfort with ergonomic seating, climate control, and spacious interiors. The design of our buses reflects a modern and sleek aesthetic, enhancing the overall commuting experience. Environmental Impact. Contributes to a significant reduction in carbon emissions. Our solar-powered buses play a crucial role in combating climate change and promoting a sustainable future for generations to come.
II. The Business Model Canvas
Table 1. Loki Express’s Business Model Canvas
Loki Express Business Model
Key Partners ● Government agencies
● Municipality agencies and authorities ● Infrastructure Providers (bus terminals)
Key Activities ● Operational Passenger
Transportation ● Online Ticketing and Reservations ● Fleet Management ● Online Customer Service and Evaluation ● Safety and Compliance ● Timely Departure and Arrivals ● Ergonomics for Comfort ● Environmental Sustainability (Solar Powered Buses)
Key Resources ● Financial
● Fleet of Buses ● Fuel and Energy Sources ● Infrastructure and Bus stops ● Skilled Driver ● Depots and Maintenance Facilities ● Partnership and Collaborations ● Data and Analytics Value Propositions ● Accessible Transportation ● Convenient and affordable transportation ● Safety and Comfort ● Transportation with high service quality ● Timely and fast transportation ● Free WiFi ● Online Payment system or punch card ● Passengers will be able to access GPS tracking information about the bus's current location
Customer Relationships ● Booking and Reservation System
● Customer Data Management ● Communication Channels ● Feedback and Surveys ● Loyalty Programs ● Real Time Tracking and Updates ● Customer Support ● Analytics and Reporting ● Training and Support
Channels ● Official Website
● Customer Service and Hotline ● Mobile Apps ● Social Media ● Physical Stations ● Digital Displays / Signage
Customer Segments ● Commuters
● Tourists ● User with privileged access (veterans, elders, person with disabilities, and students) ● Low-income individuals ● Private and public organisations
Cost Structure ● Initial Investment
● Charging Infrastructure ● Operational Costs ● Training and Implementation ● Insurance ● Regulatory Compliance ● Marketing and Promotion ● Innovation Costs ● Environmental Compliance
Revenue Streams ● Fare Collection
● Advertising ● Government Subsidies ● Contracted Services ● Partnership ● Transportation Cards and Smart Ticketing ● Parcel Delivery Services
Figure 2. Loki Express Business Model Canvas
III. Conclusion and Significance of the Business Model Canvas
The Business Model Canvas (BMC) serves as a strategic management tool, offering a visual framework for the development, description, and analysis of a business model. Comprising nine key building blocks, each representing a fundamental aspect of a business, this canvas simplifies intricate business models in a visual format. This visual simplicity aids stakeholders, team members, and investors in swiftly grasping the essential elements of the business. Moreover, collaboration is integral to both new businesses and industrial engineering projects. The BMC functions as a facilitative tool for fostering collaboration among team members, investors, and other stakeholders. It achieves this by establishing a shared understanding of the business model. The canvas not only encourages strategic thinking but also facilitates effective communication, providing a structured approach to construct and optimise business models. Its adaptability proves particularly advantageous in navigating the dynamic and evolving nature of these fields.
CORR. SH001 TO GUNSARA VIA AJAN TAKHA WITH RAISING Corrected DPR BM PMC SEAL PMGSY 3 7.26BT 2.08CC. TL-9.335 TC-1105.75+175.75 1281.7 AV.C-BT-92.36 CC-130.75