Kater is a Mobility as a Service (MaaS) company that has launched an integrated intermodal ride hailing service. The initial app-based service has started with 140 of Kater’s own vehicles in the spring of 2019, with wide-scale taxi and public transportation intermodal integration to follow in the summer of 2019 and international expansion in 2020.
Kater’s service will allow a user to book a trip that could make use of various forms of transportation, seamlessly and sequentially, incorporating our own fleet of cars with taxis, ferries, and various forms of public transportation, as well as potentially shared car services. All payments will be handled through the app and the user will be issued a single “boarding pass” that covers all phases of their trip.
Scott Larson – CEO
Scott is CEO of Kater Technologies, a Vancouver based Mobility as a Service (MaaS) company. Kater combines the best of traditional ride-hailing service within a fully compliant taxi model that focuses on customer experience and safety, all while providing consumers point-to-point transportation through a fully integrated mobile app.
He was also the CEO and co-founder of Helios Wire, a new space company building out a satellite enabled Internet of Things network designed to connect up to 5 billion remote devices and sensors worldwide. Helios is in the process of being sold to a strategic investor. He was formerly CEO, co-founder, and Director of UrtheCast, another new entrant into the remote sensing industry. At UrtheCast, he led the company through the start-up, IPO, and into the operational phase, ultimately raising over $225 million and ramping up to 250 employees and reaching a market valuation of $500 million in less than 5 years. Prior to starting UrtheCast, Scott’s career was heavily focused on technology and corporate finance advisory services.
What is your rationale for attending 121 Tech Investment?
Kater is looking for strategic investors, partners, and other external stakeholders to support our brand.
What recent news would you like to highlight to investors attending?
We have recently launched in Vancouver, and are in early revenue.
What are your key goals for the next 3, 6 and 12 months?
Complete initial launch of service
Revenue of $12 million
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risk for Kater at this point is operational. Kater needs to be able to enter into a growth phase that allows us to capture market share in 8 or 10 different cities. We have been invited to launch our operations into several cities, but are still working through our Vancouver beta phase. Once we have fully launched in Vancouver, we will expand into other international markets.
What do you think makes your company such a compelling investment?
Investment. Kater has already entered revenue, and is in a ramp up phase. The key investment opportunity lies in being able to invest into an early revenue company that have proven the market, but hasn’t yet fully scaled. Our current revenue run-rate is $1 million, by the end of the year it will be $15 million, and by the end of 2020 it will be $35 million.