Banner
Home Esoterix

LowCVP Urban Mobility Challenge Winner: Esoterix Ltd

Meet LowCVP winner WeatherVelo at the Sustainable Urban Mobility Seminar - 10 December 2012

 Buxi is an intelligent mobility technology based around a vehicle which combines the efficiency of a bus with the flexibility of a taxi. Esoterix has received Technology Strategy Board funding for a commuter trial.

Intelligent Mobility - Buxi combines the efficiency of a bus with the flexibility of a taxi: a commuting system in which passengers share vehicle space and cost.

ETT - The Esoterix Transport Technology (ETT) calculates vehicle routes and can also be applied to the logistics market.

ITD -The in-vehicle computer system, an Intelligent Transport Device (ITD), combines existing technologies such as vehicle tracking, navigation, authentication and monitoring.

CO2 Reductions - Typical Buxi commuter services would result in reductions of more than 2.6 kg of CO2 per passenger per day.

Economic Benefits - Side benefits include urban regeneration.

Seeking funding of £0.5m - Esoterix seeks to match fund a Technology Strategy Board project.

Esoterix, a Bristol-based start-up, has developed Buxi, an ‘intelligent mobility’ technology based around a vehicle which combines the efficiency of a bus with the flexibility of a taxi. Buxi is a multi-point to single-point (and vice versa) commuting system, with passengers sharing vehicle space and cost. Esoterix has received Technology Strategy Board and Bristol Green Capital funding and is trialling Buxi for commuters in November 2012.

Intelligent Mobility

Intelligent Mobility is the management of vehicles and roads with the aim of using existing capacity more efficiently whilst improving safety and reducing congestion. Buxi aims to be such a solution, offering convenience, by picking up and dropping off anywhere, whilst maximising average vehicle occupancy and minimising total vehicle mileage.

Technology

Esoterix, assisted by £94,000 of Technology Strategy Board funding, is building upon academic research in the space. The Esoterix Transport Technology, or ETT, system calculates vehicle routes in faster than real time, thereby allowing passengers to book journeys at any time, including when the service is operating. Esoterix’s in-vehicle computer system is known as an Intelligent Transport Device, or ITD.

The ITD combines existing technologies such as vehicle tracking, navigation, authentication and monitoring into an integrated low-cost unit which monitors and reports on the vehicle’s location, informs the driver of new pick-ups and traffic problems and authenticates passengers as they board.

Market

Esoterix claims that many existing flexible transport services, particularly in rural environments, are unsustainable without significant subsidy. However, commercially viable services do exist in destination specific applications (e.g. airport shuttle services) and Buxi is aimed at expanding the provision of such services within major urban areas. It is predicted that the intelligent mobility market will be worth £5 billion within a decade.

Esoterix will offer Buxi, in partnership with minibus companies, as a turnkey solution to employers. It is working with North Bristol Sus Com, an employer group promoting sustainable commuting, to initiate Buxi services in November 2012. Esoterix plans to take the service nationwide, first by concentrating on out-of-town business parks and secondly by franchising its operations. The company ultimately wants to develop its technology, principally ETT, so that it can introduce more generic, pervasive and inclusive multi-point to multi-point transport services.

Management claims that typical Buxi commuter services would result in a reduction of CO2 emissions equating to more than 2.6kg of CO2 per passenger per day. Their introduction would also imply a corresponding decrease in noise pollution from traffic and an improvement in air quality. Buxi can also potentially provide economic benefits in the form of urban regeneration by improved accessibility, access to employment and reduced congestion – in addition to social benefits.

Investment

Esoterix is seeking £500,000 of funding to roll out the Buxi commuter service across the UK and to match fund (55%) a Technology Strategy Board-sponsored project to develop ETT for generic multi-point to multi-point flexible transport services. Investment in Esoterix qualifies for SEIS and the company believes its proposition will be attractive to co-investment organisations such as the Angel Co-Investment Fund and the Cleantech Co-Investment Fund.
 

Share

Subscriber Login