Ollie
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Date of Foundation
2023

Ollie

AI-powered platform for personalized, affordable car buying experiences.

Contact

The Idea origin story

Our startup, Ollie, leverages AI to identify undervalued cars in the market, aiming to match them with customer requirements. By analyzing dealers' inventory, we can uncover potential pricing errors, offering consumers the opportunity to buy below market value. Our platform bypasses the traditional dealership experience, thus appealing to those who prefer online purchases. Moreover, we ensure that every car purchased via Ollie can be sold at a profit the very next day.

The Mission

The vision is to revolutionise the car buying journey

Clients

Our customers are anyone in the market to buy a car

Problems we solve

Client’s problem

Not wanting to go to a dealership , guaranteed you will get a car at your budget that you could sell the next day for a profit, seamless as we want to partner with a card company to pre approve buyers for a instant purchase

Confirmation of problem

Only 35% currently like buying through car dealers so this company can potentially sell to anyone in the market for a car new or used

Solution

We're developing an AI-driven platform aimed at transforming the car buying journey to be customized, affordable and effortless. We solve the issue of dealership aversion by creating a transparent marketplace where buyers are guaranteed cars within their budget that maintain resale value. Furthermore,

Our technologies

This solution is based on technologies

As an AI-driven startup, Ollie redefines the car-buying experience by identifying undervalued cars to align with buyer's requirements. We analyze dealer inventory, pinpoint pricing inaccuracies and provide customers the opportunity of affordable online purchases. Not only do we bypass traditional dealership hassles but also assure profitable reselling of every purchased car the very next day. Our vision is to revolutionize this journey for all intending car buyers while solving problems such as dealership aversions or budget constraints. In a bid

How it works

Sure. Can you please provide the description of your start-up so that I can help rewrite and improve it?

Value for the client

Our AI platform, Ollie, offers personalized and affordable car buying experiences by matching undervalued cars to your needs. Enjoy a hassle-free online purchase with the assurance of making a profit on resale while bypassing traditional dealerships.

Market and strategy

Market size

14000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

20

% of the market

Is our goal in the next 3 years

Team

My name’s

Matthew grant

My key role in the product

My key role is the founder and I'm responsible for fundraising, team building, and materializing the core idea of our startup.

Team size and key members

At present, my team is in the assembly phase. Key roles I'm considering to fill include technical lead, marketing specialist and financial advisor.

Competitors

Competitors

Certainly! Our potential competitors can be large car dealers and platforms that offer used cars, like Carvana. However, they hold inventory hoping for customer interest, while our unique model is consumer-driven. We specifically buy according to the customer's requirements.

Our Advantages

We make it possible for consumers to park their dreams right in their driveway, removing the friction created by traditional dealers who impose rather than listen. We base our approach on understanding individual needs and ensuring customer satisfaction.

Business model

If a consumer has a 50k budget we will usual find a car worth 52k for 45k put a 2-3k margin on it and everyone is happy. In average we will make around $2500 a car

Traction

We've deployed an advanced data-driven solution employed by car dealers daily to gain tangible benefits. Additionally, we're offering innovative fintech that enables consumers to secure instant finance approvals.

Our company has advanced to a stage where we can substantially grow with existing capital, eliminating the immediate need for additional funding.

Metrics

We've laid the foundation for sound product metrics, capturing vital KPIs to drive growth and enhancing insights into user behavior--a solid base guaranteeing our startup's continual progress.

In six months, our target is to facilitate the transaction of 400 vehicles monthly, corresponding to $14 million in sales. This will enable us to achieve a profit magnitude of $1 million per month.

Incorporation

Our company incorporated in

New Zealand

Key risks

The major risks for our startup include reliance on AI accuracy, maintaining a strong relationship with dealerships for inventory analysis, customer adaptation to digital car purchases, and regulatory changes affecting online auto commerce.

Investments

$

4m

We raised investments

Our Investors

Just myself

Rising Investments

$

5m

Currently, we are raising investments

$

500m

Estimated pre-investment valuation of the company

Request additional information

We’re looking for a co-founders

No

Open positions

Article

Read

Additional information

We're redefining the automotive purchasing experience, steering consumers into a future where car buying is streamlined and hassle-free.

Ollie
MVP
Date of Foundation
2023