Fail Fast, Build Again!

COPYRIGHT 2018. MVL Foundation. ALL RIGHTS RESERVED

How to fail is important.

But knowing when to fail is more important.

How may times have you failed?

I have failed

4 times.

Did I fail fast enough?

Not for the first three projects But

Failed fast for the last one.

At Shenzhen and Hong Kong

I have failed

Fast for the first time.

How & Why?

It is China!

Not Fast means No Future.

History and Roadmap

· Chauffeur service launch in HK, CN

· Initial Coin Offering

4Q. 2014 3Q. 2016

· PyeongChang 2018 Olympics · O2O Mobility Service

Dec. 2017 May. 2018

· Ride-hailing service launch in Singapore

July. 2018 Nov. 2018

· Taxi service launch in Singapore

· MVL protocol application in TADA

· Ride-hailing service launch in Vietnam

Dec. 2018

· MVL mainnet launch

1H. 2019

NOW

· Business rebrand from easiway to easi6 · Car rental platform launch in 10 Asian countries

Failed

MVL Global Business Map

MVL Service Application

Our Solution

Singapore’s First Zero Commission Ride-Hailing Service

TADA (“LET’S RIDE”)

Why we exist?

A fairer ride-hailing system is needed

Better livelihood for drivers

Better fares for passengers

Safer roads for all

TADA, Ride-Hailing Service

· Launched as MVL's very first service due to it being

an app that has a large number of users.

· A zero commission, blockchain-based service

· MVL Token Economy to be implemented this year

No. of app downloads

100,000 riders

No. of driver signups

17,000 drivers

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

17000

22 7 30 7 07 8 15 8 23 8 31 8 08 9 16 9 24 9 02 10 10 10 18 10 26 10

Driver Sign -ups

Results Summary - 22nd July ~ 26th October

Cumulative Average Daily Growth Rate

17%

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

26 7 03 8 11 8 19 8 27 8 04 9 12 9 20 9 28 9 6 10 14 10 22 10

Rider Sign-ups

Results Summary - 26th July ~ 26th October

Cumulative Average Daily Growth Rate

8%

26 10

Shift is Happening - Singapore

2013 2014 2015 2016 2017 2018

•  GrabTaxi enters •  Easy Taxi enters

•  UberX is launched

•  GrabCar launched

•  CDG launches revamped taxi-booking app

•  Increase number of idling taxis •  Easy Taxi exits

•  SMRT launches STRIDES

•  PDVL licensing introduced

•  PTC : Passengers more satisfied with private-hire cars than taxis

•  Grab acquires Uber

28,210 27,695

28,736 28,259

27,534

23,140

Taxi Population

Shift towards Taxis •  Taxi fleet contraction has

stabilized and we should be on the cusp of an increase

•  Drivers and riders are flowing back to Taxis

•  Uptick in TDVLs •  Drivers now recognize that PHC

income is not materially better than taxis

DBS Research

Taxis have been left behind

Welcoming Taxis to the New World of TADA

TADA Taxi

Monetisation plans

OCT NOV DEC JAN FEB MAR

•  Launch of TADA Taxi •  Smart Call – (Dynamic Smart Booking), available on

TADA and TADA Taxi

•  Basic mobility insurance products available for

purchase by drivers and riders on TADA Platform •  Launch of TADA Vietnam

•  Corporate booking platform launch, transport

expense management targeted at SMEs

Thank You