Event: 2022 Phocuswright Conference
HQ: Manchester, UK
Principal(s): Daniel Price
Funding: $150k raised so far, $1.2m on the table for current round
Product Description: Jyrney directly integrates with all ground transport, from taxi and chauffeur to ride hail and airport transfers. The solution solves 2 of the biggest problems of ground transport for travel companies, providing all content in a single API or platform and removing the friction of passenger pick up.
Jyrney’s machine learning engine predicts the on-time performance of allocated taxi companies from the thousands of data points stored on the system. If it identifies a delay in the pick-up, it utilizes its on-demand engine to allocate another vehicle which can pick the passenger up faster.
Business Model: Jyrney directly integrate with ground transport companies providing easily accessible content for the travel companies. Jyrney negotiates volume discounts with the ground transport providers and charge a percentage mark up as a management fee on each booking.
Competitors: Gett, Karhoo, Groundspan, Mozio
Competitive Edge: No-one has solved the problem of ground transport for TMCs as they haven’t gone beyond distributing content. Jyrney’s software removes the friction of passenger pick up and the customer service issues, ensuring the TMC can concentrate on their core business.
Market Opportunity: The global ground transport market is worth $276bn, with business spend approximately $92bn. TMCs are currently transacting less than 1% of this revenue and only 3% of their total transactions are ground transport. The opportunity for travel businesses to grow into this space is vast!
Early Customers: Sixt Rent a Car, Tandem, Lex Autolease, Inntel, Avocet
