{"id":1379,"date":"2021-12-29T18:41:00","date_gmt":"2021-12-29T18:41:00","guid":{"rendered":"https:\/\/one-moto.com\/?p=1379"},"modified":"2024-11-21T18:44:59","modified_gmt":"2024-11-21T18:44:59","slug":"meet-the-finalist-of-dubai-startup-hubs-smartpreneur-competition-6-0-one-moto","status":"publish","type":"post","link":"https:\/\/one-moto.com\/eth\/meet-the-finalist-of-dubai-startup-hubs-smartpreneur-competition-6-0-one-moto\/","title":{"rendered":"Meet The Finalist Of Dubai Startup Hub\u2019s Smartpreneur Competition 6.0: One Moto"},"content":{"rendered":"\n

\u201cIt\u2019s not always easy to look at your business from the outside, when you\u2019re so engrossed, but the Dubai Startup Hub team and advisors have been exceptional in giving me the insights on how to evaluate our business, its messaging, and market-fit.\u201d<\/strong><\/p>\n\n\n\n

OneMoto is one of the top 10 startups pitching for prizes worth a total of AED150,000 at the finals of Dubai Startup Hub\u2019s Smartpreneur Competition 6.0, which will be staged as part of Entrepreneur Middle East\u2019s Enterprise Agility Forum 2022 at Expo 2020 Dubai on January 20, 2022. Register HERE<\/strong><\/a> to be a part of the event. <\/p>\n\n\n\n

Article: Entrepreneur Middle East https:\/\/www.entrepreneur.com\/article\/410125<\/strong><\/a><\/p>\n\n\n\n

\"\"
ADAM RIDGWAY, CEO, ONE MOTO GLOBAL<\/figcaption><\/figure>\n\n\n\n

Back in 2016, Dubai-based serial entrepreneur Adam Ridgway recognised the potential of a global market boom in the last mile delivery sector, and then set out to design and build the world\u2019s best electric vehicles that could play a vital role in this particular landscape. Today, he is the founder and CEO of\u00a0One Moto<\/strong><\/a>, the MENA region\u2019s first approved, data-driven and multi-award-winning electric vehicles manufacturer with a focus on the last mile sector, and a mission \u201cto switch all delivery vehicles in the UAE electric by 2024\u201d.<\/strong><\/p>\n\n\n\n

Now, with companies\u2019 commitments to sustainable business practices grabbing headlines these days, it would be reasonable to expect that Ridgway faces few challenges in building his business. However, he explains that demonstrating how the last-mile operators can be both profitable and sustainable is a hurdle he is yet overcome. \u201cThere is still a discussion between a \u2018want\u2019 and a \u2018need\u2019 when it comes to sustainability,\u201d he explains. \u201cAlthough we are supporting the UAE\u2019s governmental agenda<\/strong><\/a> of electric vehicles adoption and sustainable mobility, at the moment, there aren\u2019t any real incentives to make the switch. It will happen, but in the meantime, the private sector is a focus for us.\u201d<\/p>\n\n\n\n

This answer provides more background about why the support of an entity like Dubai Startup Hub<\/strong><\/a>, the entrepreneurship arm of Dubai Chamber<\/strong><\/a>, is so crucial for visionary entrepreneurs like Ridgway. \u201cWe\u2019ve had a tremendous relationship with the team at Dubai Startup Hub for the past couple of years- I feel they are all on this journey with us,\u201d Ridgway says. \u201cWe won the Dubai Chamber Market Access program<\/strong><\/a> [an initiative that pairs leading companies and government entities in the UAE with startups that offer innovative solutions to address their key challenges] last year, which provided us with so many opportunities, and allowed us to expand into 21 territories this year alone.\u201d<\/p>\n\n\n\n

\"\"
BYKA BY ONE MOTO, THE ALL ELECTRIC DELIVERY VEHICLE FOR THE LAST-MILE<\/figcaption><\/figure>\n\n\n\n

As such, when Dubai Startup Hub opened the Smartpreneur Competition 6.0<\/strong><\/a> to technology startups with solutions centered on the themes of opportunity, sustainability, and trade, Ridgway did not hesitate to apply, because his startup contributes to advancing all three areas. \u201cLet me give you an example,\u201d Ridgway says. \u201cFrom one side, we know that air pollution is the greatest killer of humanity, because the 15,000 delivery motorcycles on the roads in Dubai produce enough carbon dioxide to kill 21,000 acres of forest each year. From the other side, I understand that fleet operators, delivery aggregators, and logistics companies aren\u2019t always profitable, and that is why our One Moto fleet reduces operational expenditure by 74%, and guarantees a return on investment in five to seven months.\u201d<\/p>\n\n\n\n

Ridgway took it one step further by signing deals with two regional leasing providers to offer One Moto vehicles as leased assets, making it easier and cheaper for them to adopt more sustainability-centered business decisions.<\/p>\n\n\n\n

With the theme of opportunity often being explained as helping individuals and communities to unleash their potential, Ridgway presents a well thought out proposition on how One Moto improves the wellbeing of delivery riders in order to help them create a better tomorrow for themselves. \u201cIf we know that they cover their own fuel costs, which are around AED650 per month and which reduce their salaries with each fuel price increase, and that their work pressure is enhanced due to a volume based bonus system and high working hours, it is clear how One Moto can help them,\u201d Ridgway says. \u201cOur data-driven vehicles can optimise routes, reduce work pressure, maintain delivery volumes, save money, and reduce accidents. Quite a substantial claim that we\u2019ve proven many times.\u201d<\/p>\n\n\n\n

It seems that Ridgway is more than prepared to deliver a successful pitch at the finals of the Smartpreneur Competition 6.0, which will be staged as part of Entrepreneur Middle East\u2019s Enterprise Agility Forum 2022 at Expo 2020 Dubai on January 20, 2022<\/strong><\/a>. \u201cIt\u2019s potentially the largest and most prominent stage I\u2019ll ever present on, to an unknown panel of peers and experts, and it can be a lonely isolating place on stage, I realize that,\u201d he says. \u201cYet, I know my business, I believe in our vision, I can back up every statistic with facts, so the content doesn\u2019t wobble me.\u201d He credits the Dubai Startup Hub team for supporting him in this endeavor with encouragement and experience-led advice. \u201cThey gave me a fresh way of looking at the business<\/strong><\/a>,\u201d he says. \u201cIt\u2019s not always easy to look at your business from the outside, when you\u2019re so engrossed, but the Dubai Startup Hub team and advisors have been exceptional in giving me the insights on how to evaluate our business, its messaging, and market-fit.\u201d<\/p>\n\n\n\n

Ridgway is also looking forward to 2022 with a lot of excitement, because One Moto is building the UAE\u2019s first electric vehicles manufacturing facility. \u201cIt is a pioneering change that places the UAE on the world electric vehicles stage,\u201d he says. \u201cIn 2021, our team has achieved 10x on sales and expanded 5x more than forecast, with an international sales pipeline, so our growth through dealerships is just one route that we\u2019ll be harnessing. We have a global vision of all 17 of the United Nations Sustainable Development Goals being achieved by 2028, and we support it with our presence in 100 cities, one million vehicles sold, and one billion tons of carbon dioxide eliminated, so this will be our longer term focus.\u201d<\/p>\n\n\n\n

For those aspiring to start up a business in Dubai, Ridgway advises to build their network first and foremost. \u201cThe UAE is built on relationships,\u201d he says. \u201cThe culture has evolved on interactions, and your network is a crucial part of success in the region, so try to collaborate and invest in relationships. It\u2019s an easy place to do business, but it is tricky to navigate at first, and starting any business will be far more expensive than you initially budgeted. Your network is everything, and once this is understood, along with the culture being respected, any nuances or complications can be overcome.\u201d<\/p>\n\n\n\n

\u2018TREP TALK: Tips for entrepreneurs from One Moto founder Adam Ridgway<\/strong><\/p>\n\n\n\n

1. Build your business on the traditions of growth <\/strong>\u201cGrow through sales, do not rely on raising capital to start up, and make sure you maintain a very, very clear focus.\u201d<\/p>\n\n\n\n

2. Don\u2019t be a \u2018wantrepreneur\u2019 <\/strong>\u201cIf you\u2019ve got an idea for solving some problem, then go all in, take risks, deep dive into uncertainty, and embrace the mistakes, but try to make them as inexpensive as possible.\u201d<\/p>\n\n\n\n

3. Help others, and especially those who have helped you <\/strong>\u201cNo one owes you anything, nor do they respect \u2018hope-based promises.\u2019\u201d<\/p>\n\n\n\n

OneMoto is one of the top 10 startups pitching for prizes worth a total of AED150,000 at the finals of Dubai Startup Hub\u2019s Smartpreneur Competition 6.0, which will be staged as part of Entrepreneur Middle East\u2019s Enterprise Agility Forum 2022 at Expo 2020 Dubai on January 20, 2022. Register HERE<\/strong><\/a> to be a part of the event. <\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIt\u2019s not always easy to look at your business from the outside, when you\u2019re so engrossed, but the Dubai Startup Hub team and advisors have been exceptional in giving me the insights on how to evaluate our business, its messaging, and market-fit.\u201d OneMoto is one of the top 10 startups pitching for prizes worth a total […]<\/p>\n","protected":false},"author":1,"featured_media":1382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[26,27],"tags":[],"class_list":["post-1379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electrified-blog","category-news"],"featured_image_src":"https:\/\/one-moto.com\/eth\/wp-content\/uploads\/2024\/11\/Byka-teal-by-one-moto-1000x385-1.jpg","author_info":{"display_name":"One 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