Everything Biz Kundu Roy said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Roy: Coastr targets $100K MRR and breakeven by end of 2022
“So by end of this year, we hope to utilize this fund to get to our hundred KMRR, which sort of gets us to break even revenue.”
Roy: Coastr charges basic operators £3-£4 per vehicle monthly
“Very, very basic users would pay anything between kind of, you know, three to four pounds per vehicle per month. And that could as the three to four pounds per what? Per vehicle per month. What if a vehicle doesn't go rented? It's just sitting on the lot. I kn…”
Roy: Coastr generates roughly $20,000 in monthly recurring revenue
“Roughly about 20.”
Roy: Car rental profits rely on defleeting timing and rental yield
“Rental companies earn income from two ways. One is buying and selling of the vehicle at the right time. So they buy in bulk at a reduced cost and then sell their assets at the right time. To optimize the value of that asset. So defleeting is essential. And in …”
Roy: Most car rental companies defleet vehicles within 6 to 18 months
“Some of them do it within six months. I think enterprise and some of the larger operators the smaller operators sometimes take it up to 18 months. But most of them, you will always see them selling between six to 18 months effectively.”
Roy: Coastr raised £1.4M for 25% equity in June 2021
“One was a 1.4 million pounds, which is roughly about two, two million dollars, I think, or just a little bit shorter. So this was completed in June, 20, 21 which is again, mostly private individuals. And we gave up another 25% as part of that.”
Roy: Coastr reached 40 to 50 tier-three customers by late 2021
“So that's where we kind of jumped to about 40 50 customers and the tier three space by end of 20, 21.”
Roy: Coastr sold about 8% equity in its pre-seed round
“No we gave about eight percent.”