ROADRUNR
Executive Summary
Last updated
Executive Summary
Last updated
ROADRUNR is leading the development of The Web3 of Vehicles. The ROADRUNR Protocol is a Web3, Consumer-Facing Dapp and Blockchain Network for Connected Cars and Vehicles that has elements of Game-Fi, Social-Fi, IoT (hardware) and Blockchain. The ROADRUNR application allows anyone to Earn-while-you-Drive. The ROADRUNR Protocol is re-imagining and developing a series of decentralized Applications for the Vehicle Industry, starting with a CarPooling Application and extending to Car Resale and later to a number of applications including Insurance/ Finance.
Founded in 2021 by a team of Engineers from IIT-Madras and an INSEAD MBA alumni, ROADRUNR is building on the IoTEX MachineFi platform, with a global launch in July-22 with its collection of NFTs and range of IoT Hardware devices.
Mobility today is fragmented, from OEMs to insurance to fleet management, traffic management to repair/resale working separately despite having similar needs for a digital infrastructure to develop and deploy data-driven services.
ROADRUNR aims to unlock this multi billion dollar value opportunity by building the first Web 3.0 car data network on the blockchain injected with IoT, social-fi and game-fi/ Drive-to-Earn elements to supercharge the network.
Have built for the past 1 year with POCs in India and the USA on 100+ Cars/ Vehicles and 35 Models, expect to rapidly grow to be the leading Dapp in the Connected Cars/ Vehicles space
Started developing a passionate Driver Community, with outreach through a leading Global Media Group and dedicated Mobility Forums, targeting 1 million+ Drivers in next 12 months
A solid core Founding team of ex-Infosys/ Finmechanics/ Amex/ IIT-Madras/ INSEAD MBA and Advisors from Google/ Oliver Wyman/ Airlinq, started in 2021, keep building and innovating
Multiple grants awarded to ROADRUNR from IoTEX, NEAR, Harmony Blockchains
Stage: Seed
Terms: Raising $2.5M USD on a pre-money valuation of $20M via SAFE
IoTEX Ecosystem Fund (https://iotex.io/) is leading the current round.
Continued Development of key Components (NFT Marketplace, Token Wallet/ Swap feature, Game-Fi features, vehicle/driver DIDs, V2X system and hardware)
Development of key services/ Ecosystem (Car-pooling, Geo-Fencing, Fleet-Management, Analytics, Vehicle EHRs, Developer Program)
Collaborate with Vehicle OEMs companies to help them transition to web3
Exchange Listing/ IEO
Community Development and Marketing
Web 3 application to interact with the NFT and access the game-fi and social-fi elements
Equip, upgrade and repair NFTs, access daily quests and Drive-to-Earn elements to earn $SDT tokens.
In app wallet to receive token rewards with swap features(phase 2).
NFT marketplace to buy and sell NFTs
Driver dashboard for drivers to check their trip data and driving/ trip analytics
Register and connect Roadrunr hardware devices to receive higher rewards and also access special features such as Car data analytics, remote diagnostics, advance driver analytics, etc
Series of cellular IoT devices that connect to the car and access car seasor/health data
Edge-computing capabilities to perform advanced features such as real-time event detection and analytics (harsh cornering/breaking, towing), geo-fencing, remote disgnostics
The Core Team is currently based in Mumbai, India with MOTODB Pvt Ltd registered in Singapore
Atul Chatur is an alternative investment expert that has been investing in crypto since 2015. He has set up a blockchain and cryptocurrency investment advisory platform and is actively involved in investing, researching and developing various blockchain business ideas. He was an early investor in the Matic Network (Polygon) and several other protocols. [MBA INSEAD (France), Masters in Finance (JBIMS Mumbai), Mechanical Engineering B.E. VJTI, Mumbai]
Aashay Doshi works on blockchain and hardware. Prior experiences include sensor-integration and telemetry systems in UAV, Drone Swarming, Object Detection and Tracking of UAVs. Past Projects include building AI for Cancer Drug Discovery, Computational Radiography, Social Network Analysis, Game-Playing AI, Algorithmic Options Trading and Control Theory. [Systems Engineering IIT-Madras M.Tech]
Shubham Choudhary is a full stack software developer with deep knowledge in both Web2 and Web3 technology. He has worked on large scale banking softwares and has a deep understanding of banking systems and Finance as well. Previously worked in Societe Generale and Finmechanics. [Mechanical Engineering, Robotics IIT-Madras, M.Tech]
Vedant Kadam is a blockchain researcher and developer who has been working with Atul since 2017 to provide fundamental analysis of new IEOs and exploration of new investment avenues. Prior to that, he built a drone research facility for home security applications. [Mechanical Engineering, Data Science IIT-Madras, M.Tech]
Kushagra Shrivastava is VP at FalconX, Kushagra is a serial entrepreneur, angel investor, startup board member, and former CMO. He is also a current Fellow at Stanford Center for Legal Informatics, where he co-chairs the Blockchain working group. In his 8+ early career years at Google, he helped launch the Google Play brand and led marketing for its apps and games. [MBA INSEAD]
Fei-Fei Porter is a global senior executive, seasoned investment banker, private equity professional and investor/advisor to web3, fintech, and financial services scale-ups. She has led teams to drive multiple valuations during her tenures as CFO, including Australia’s first smart credit card for SMEs. She is the co-founder of an investment fund DAO and currently serves as a Principal with Oliver Wyman in their M&A advisory / Digital practice. [MBA, INSEAD, NTL Bus & Econ, Flinders University]
Ankit Taparia has co-founded the IoT platform startup Teramatrix Technologies, which was acquired by the global US-based automotive and telecom IoT company Airlinq in 2017. Ankit has been recognized with the BITS Alumni 30 under 30 award for his entrepreneurship and representation of India at the International Antarctic Expedition. [EE & Physics, Birla Institute of Technology and Science, MS Comms Engineering, Aalto University]
Website: https://www.roadrunr.io/
Company HQ: Singapore / Remote
Registration: Singapore Pvt Ltd Company
Entity Types: Private Company
Legal Name: MOTODB Pvt Ltd
Financing Status: Angel Investors backed
Twitter - @roadrunr
Telegram - https://t.me/ROADRUNROfficial
LinkedIn - ROADRUNR
Discord - https://discord.gg/k4ddYNcRJu
