AI for Car Rentals?! Prove It! | Pitch.Tech EP 2 | EO

So we are raising a round, our pre-seed round, of 1.5 million.

The goal of today is to meet investors and potentially close our round.

Let's go.

My name is Loriana.

Uh, I'm a co-founder and the CEO of Rexalto.

We have developed and introduced an AI dynamic pricing engine.

We previously co-founded one of the largest European car sharing companies.

Company generated 75 million, uh, annual revenue, and what's more important, it was cash flow positive.

What's happening now in the car rental industry, increasing prices of, of vehicles, uncertain residual values, and growing percentage of electric vehicles are forcing car rental and mobility companies to put more focus on not just reselling cars as they used to do before, but actually making sure that they do money on their cooperations.

On top of that, for mobility companies especially, they strive to increase their utilization, to improve, uh, fleet distribution, and all of that can be done with the correct pricing.

Taking all of that into account, we have engineered an AI dynamic pricing engine that basically sets the right price at any given time, first class of economics, bringing supply and de- demand into equilibrium.

So the way it works is we look into the company's historical data, market historical data, competitors' prices, and many other factors that help us, uh, forecast demand.

Things like weather forecast, flight information, booking information.

We not only set the price for the c- for our customers, but we also push it back either into their fleet management system or to the OTAs, the aggregators where they get rents from.

We currently focus on the North American, Europe, and the Middle East.

The segments that we look at and work with are either small companies or large enterprise companies.

What differentiates us is that we, uh, work not only with car rental industry, but with mobility industry.

And of the technology, because for mobility companies, we use up to 500 data points.

For car rental companies, it's about 20, 30, maybe 40.

We offer three pricing as a service.

For our traction, we currently have, uh, 20 customers, paying customers p- plus piloting customers.

We have integrated six, uh, reseller solution.

We, uh, generated about 200,000, uh, annual revenue, uh, this year.

We are raising a round of 1.5 million.

We closed 950.

So we are raising a round, our pre-seed round, of 1.5 million.

The goal of today is to meet investors and potentially close our round.

Let's go.

My name is Loriana.

Uh, I'm a co-founder and the CEO of Rexalto.

We have developed and introduced an AI dynamic pricing engine.

We previously co-founded one of the largest European car sharing companies.

Company generated 75 million, uh, annual revenue, and what's more important, it was cash flow positive.

What's happening now in the car rental industry, increasing prices of, of vehicles, uncertain residual values, and growing percentage of electric vehicles are forcing car rental and mobility companies to put more focus on not just reselling cars as they used to do before, but actually making sure that they do money on their cooperations.

On top of that, for mobility companies especially, they strive to increase their utilization, to improve, uh, fleet distribution, and all of that can be done with the correct pricing.

Taking all of that into account, we have engineered an AI dynamic pricing engine that basically sets the right price at any given time, first class of economics, bringing supply and de- demand into equilibrium.

So the way it works is we look into the company's historical data, market historical data, competitors' prices, and many other factors that help us, uh, forecast demand.

Things like weather forecast, flight information, booking information.

We not only set the price for the c- for our customers, but we also push it back either into their fleet management system or to the OTAs, the aggregators where they get rents from.

We currently focus on the North American, Europe, and the Middle East.

The segments that we look at and work with are either small companies or large enterprise companies.

What differentiates us is that we, uh, work not only with car rental industry, but with mobility industry.

And of the technology, because for mobility companies, we use up to 500 data points.

For car rental companies, it's about 20, 30, maybe 40.

We offer three pricing as a service.

For our traction, we currently have, uh, 20 customers, paying customers p- plus piloting customers.

We have integrated six, uh, reseller solution.

We, uh, generated about 200,000, uh, annual revenue, uh, this year.

We are raising a round of 1.5 million.

We closed 950.