The automotive sector is seeing a huge disruption in the way it operates. After Tesla made a foray into the industry with the launch of its range of electric vehicles, Google too is stepping into the industry with the futuristic self-driving technology. The next decade will see a flurry of innovations and disruptions that will completely change the automobile industry as we know now.
This is a great time to be an entrepreneur in the automobile segment. As someone who has launched several startups in the past, one thumb rule to know if a segment is worthy of entering is the number of pain points it offers and how that can be solved with the technology available. If you are an entrepreneur, here are some worthy ideas to consider investing your time in.
Communicating With Your Fellow Travellers
Are you facing an inexplicably slow moving traffic? Is it an accident or just some slow drivers who have made it bad for all of them? Would you like to talk to other drivers along the stretch for the reason? With cars getting increasingly smarter, this is a pain point that desperately needs someone to fix. For instance, I have a Dodge Ram 1500 and I have often wondered if the next editions from Dodge would bring a technology that would enable me to communicate with other drivers on the road.
Break-Down Help
Has your car broken down? Do you desperately need a jack to replace a tire? You could always call for road assistance, but wouldn’t it be quicker if you can find someone close by who might be carrying a jack? With Cloud and GPS technology, it’s simpler to broadcast a message to other cars in the neighborhood for help who could then assist you.
Electric Vehicle Charger Distributors
Electric cars are becoming more and more popular and according to some studies, will constitute 2% of the global automobile population by 2020. Although 2% is a small number, when you consider the percentage of EVs inside a country like United States, the percentage is likely to be much higher. These vehicles require charging along the highways and if you could identify the right location, you could offer electric charge distribution for a fee to these vehicles. Yes, the time is not yet ripe for such a business, but it should soon be in a couple of years from now.
App Development For The Smart Car
With a smart car comes smart apps that can do a variety of tasks for you. When the iPhone launched in 2007, the app ecosystem was virtually unheard of. Since then, we have had a multitude of startups that have made their millions (or billions as the recent WhatsApp acquisition has showed) through building apps. Smart cars are the future and the app ecosystem for this industry has virtually limitless possibilities. Could you think of an application that drivers would be most interested in? Begin investing in this.
What other startup ideas can you think for a smart car? Tell me in the comments.
This is a great time to be an entrepreneur in the automobile segment. As someone who has launched several startups in the past, one thumb rule to know if a segment is worthy of entering is the number of pain points it offers and how that can be solved with the technology available. If you are an entrepreneur, here are some worthy ideas to consider investing your time in.
Communicating With Your Fellow Travellers
Are you facing an inexplicably slow moving traffic? Is it an accident or just some slow drivers who have made it bad for all of them? Would you like to talk to other drivers along the stretch for the reason? With cars getting increasingly smarter, this is a pain point that desperately needs someone to fix. For instance, I have a Dodge Ram 1500 and I have often wondered if the next editions from Dodge would bring a technology that would enable me to communicate with other drivers on the road.
Break-Down Help
Has your car broken down? Do you desperately need a jack to replace a tire? You could always call for road assistance, but wouldn’t it be quicker if you can find someone close by who might be carrying a jack? With Cloud and GPS technology, it’s simpler to broadcast a message to other cars in the neighborhood for help who could then assist you.
Electric Vehicle Charger Distributors
Electric cars are becoming more and more popular and according to some studies, will constitute 2% of the global automobile population by 2020. Although 2% is a small number, when you consider the percentage of EVs inside a country like United States, the percentage is likely to be much higher. These vehicles require charging along the highways and if you could identify the right location, you could offer electric charge distribution for a fee to these vehicles. Yes, the time is not yet ripe for such a business, but it should soon be in a couple of years from now.
App Development For The Smart Car
With a smart car comes smart apps that can do a variety of tasks for you. When the iPhone launched in 2007, the app ecosystem was virtually unheard of. Since then, we have had a multitude of startups that have made their millions (or billions as the recent WhatsApp acquisition has showed) through building apps. Smart cars are the future and the app ecosystem for this industry has virtually limitless possibilities. Could you think of an application that drivers would be most interested in? Begin investing in this.
What other startup ideas can you think for a smart car? Tell me in the comments.