Verne

Verne

Building an autonomous mobility system that ensures urban drives are safer with an effortlessly user experience. Learn more
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DateInvestorsAmountRound

N/A

Corporate spinout
*

€180m

Grant
*

€100m

Series A
Total FundingCAD419m

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**Company Overview:**

Project 3 Mobility (P3M) is a pioneering startup focused on revolutionizing urban transportation through autonomous mobility systems. The company aims to make city driving safer, more enjoyable, and effortless. P3M is developing an advanced vehicle platform that integrates cutting-edge technology to offer a seamless and comfortable urban transit experience.

**Market and Clients:**

P3M operates in the urban mobility market, targeting city dwellers who seek efficient, safe, and convenient transportation options. The company’s primary clients include individual consumers, urban commuters, and potentially ride-sharing services looking to upgrade their fleets with autonomous vehicles.

**Business Model:**

P3M's business model revolves around the development and deployment of autonomous vehicles designed for urban environments. The company plans to launch its first vehicle in Zagreb, Croatia, by Q4 2024, followed by expansions into the United Kingdom in Q3 2025 and Germany in Q4 2025. P3M aims to generate revenue through the sale of these vehicles, as well as through a subscription-based model for its app, which allows users to control their rides and access various in-vehicle features.

**Revenue Streams:**

1. **Vehicle Sales:** Direct sales of autonomous vehicles to consumers and businesses.

2. **Subscription Services:** Monthly or annual subscriptions for the app that offers enhanced control and entertainment features.

3. **Partnerships and Collaborations:** Collaborations with urban planners and municipalities to integrate P3M’s autonomous vehicles into public transportation systems.

4. **Data Services:** Potential monetization of data collected from vehicle usage to improve urban planning and traffic management.

**Keywords:**

Autonomous Vehicles, Urban Mobility, Safety, Comfort, Innovation, Subscription Model, App-Controlled, Urban Ecosystem, Future of Transportation, Effortless Movement.