Co-owners, Michael Lomidze and George Bakashvili. Will introduce the new cab company,
Green Cab of Tbilisi, Inc. ("Green Cab"). Green Cab will provide alternative public passenger
transportation to Georgia area residents and visitors. Green Cab will provide 24/7/365 coverage.
Our fares will be zone based with ride share, when appropriate. The Green Cab fleet will consist
(10) brand 2010 and 2014 Toyota Prius Hybrid's.
To reduce the carbon footprint in the Tbilisi area by offering the public the choice to take
a taxicab that is environmentally friendly, technologically advanced, and less expensive for
To become one of Tbilisi's leading new green businesses that provides customer friendly and
profitable taxicab service throughout the Georgia area.
Current Market Conditions
The number of taxicab riders is on the rise in Tbilisi. Currently, the largest taxicab company in
Georgia is Yandex Taxi.
To be a successful business, future trends must be anticipated. Individuals are seeking to reduce
their energy use to help the environment and to save money. Green Cab is taking advantage of
this trend by providing the public with the choice to use a service that utilizes less gasoline and
produces far less pollution than the existing taxicabs in Georgia, The current market trend is
moving in a positive direction and we expect it to increase with Green Cab. Often, "going
green" is more rhetoric than reality. However, with Green Cab, its hybrid vehicles will use
approximately 30% of the gasoline used by existing cab companies.
Green Cab selected the Toyota Prius Hybrid for a number of reasons, but most importantly the
fact that its anticipated gas mileage is more than three times than what the gas mileage is of the
existing taxicabs in Georgia. We carefully analyzed the pros and cons of using the Prius,
particularly because of the recent public concerns of the safety of the Prius brake system, but
on balance, Green Cab feels very confident that these concerns have been addressed.
In addition to the significant environmental benefits that come with the introduction of Green
Cab service, we see numerous benefits for the City and its residents. They include:
Competitive fares because of significantly increased gas mileage.
Providing additional choice for consumers.
Improving the overall taxicab service performance.
Incorporating advanced technology that will benefit the consumer as well as improving
the operations of the business.
Creating new green jobs.
Engaging consumers in the "going green" initiative.
Increasing the taxicab market by collaborating with the Regional Transit Authority,
bicyclists and other stakeholders in the market.