Rapidious Titan.AI - Founder vision

Rapidious TitanAI

5 Oct 202401:32

Summary

TLDRThe U.S. recreational vehicle (RV) market is lagging in technology adoption, with many dealers relying on outdated practices. The goal is to disrupt this market by leveraging data and AI, analyzing over 1,700 dealer websites to identify trends and provide actionable insights for pricing, procurement, and distribution. The aim is to help consumers maximize their sales and get the best prices. The founders, including Kishore and co-founder Justin Marvin, see significant opportunities for growth, particularly in the independent auto dealer sector, which also requires innovative technology tailored to different price points.

Takeaways

🚐 The RV market in the US is lagging in technology adoption, with many dealers using outdated methods.
📊 The goal is to disrupt the RV industry by leveraging data and AI for better decision-making.
🖥️ Data is pulled from over 1,700 dealer websites daily to analyze trends and seasonalities.
💡 The company aims to provide recommendations on pricing, procurement, and discounts to dealers.
🏭 Insights will also be offered to manufacturers on distribution and production strategies.
🛒 Consumers will receive guidance on selling their RVs for the best price and timing.
📈 The business model aims for significant growth potential in the RV market.
🚗 The independent auto dealer market is another underserved area that requires advanced technology.
💰 There is a recognition of the need for varying price points to cater to different markets.
👤 The founder of Redus, Kishore, collaborates with co-founder Justin Marvin, emphasizing teamwork in their venture.

Q & A

What is the current state of the RV market in the US?
-The RV market in the US is characterized as a laggard and late adopter of technology, with many dealers and brands still using outdated, manual methods.
How does the company plan to disrupt the RV market?
-The company aims to disrupt the RV market by utilizing data and AI, pulling in data from over 1,700 dealer websites daily to identify trends and seasonalities.
What types of data are being combined for analysis?
-The analysis combines various data types, including income data, traffic data, and population data.
What kind of recommendations does the company provide to dealers?
-The company provides recommendations on pricing, procurement, and discount strategies to dealers.
How does the company assist manufacturers in the RV market?
-The company provides insights to manufacturers regarding distribution strategies and production needs based on market trends.
What information do they offer to consumers?
-The company offers consumers advice on selling their RVs, such as obtaining the best price and the optimal timing for selling.
What are some future plans mentioned for the business?
-The company plans to expand into underserved areas, including the independent auto dealers market, which also requires effective technology.
Who are the key founders of the company?
-The company was co-founded by Kishore, who is the CEO, and Justin Marvin, one of their early clients who now serves as a co-founder.
Where are the co-founders located?
-Kishore is located in the Bay Area, while Justin Marvin is based in San Antonio.
What is the significance of the market the company is targeting?
-The targeted market represents a significant opportunity for building a successful business due to its outdated practices and the need for improved technology.