I. Executive Summary

Company Description

VR on Wheels is a mobile VR rental service operating in the entertainment and events industry, offering a hassle-free and immersive VR experience for a wide range of clients. Our key products and services include the delivery, setup, and support of state-of-the-art VR equipment, along with an extensive library of diverse VR content. What sets us apart is our commitment to personalized service, hands-on support during events, and the elimination of the need for customers to have technical expertise or own expensive equipment. We target corporate clients seeking innovative team-building activities, event planners looking for cutting-edge entertainment options, educators in need of immersive teaching tools, and consumers wanting to host unique parties and gatherings.

Our short-term goals include achieving a customer satisfaction rate of 95% or higher, securing at least 100 corporate clients and event planners in the first year, and capturing at least 5% of the Los Angeles corporate event market share. In the long term, we aim to expand operations to additional major cities in the US by 2026, penetrate the education sector, and project a year-over-year revenue growth of 30% for the first three years.

Problem

The problem worth solving for VR on Wheels revolves around the limited accessibility and expertise required for individuals and businesses to utilize virtual reality (VR) technology effectively. Despite the increasing demand for VR experiences, many potential customers encounter significant barriers when attempting to incorporate VR into their events, training sessions, or entertainment programs.

Space limitations, resource constraints, technical knowledge barriers, and difficulty in accessing variety hinder individuals and businesses from fully embracing VR technology. This results in limited innovation, reduced event potential, lack of immersive learning, and inconvenient entertainment, leaving potential customers without viable options to overcome these challenges. Existing solutions are inadequate in providing accessible, diverse, and expertly supported VR experiences.

Solution

At VR on Wheels, we offer a comprehensive mobile VR rental service that caters to the diverse needs of our customers, providing a hassle-free and immersive VR experience. Our solution is designed to address the specific pain points of our target market, offering a unique and convenient way to access cutting-edge VR technology.

• Extensive VR Library: We provide an extensive library of VR content, including at least 50 different titles at launch, covering various genres and themes.
• State-of-the-Art Equipment: All our VR equipment is state-of-the-art, with regular upgrades and new purchases planned bi-annually.
• Exclusive VR Experiences: In addition to our extensive library, we develop and launch at least five exclusive VR experiences within the first two years.
• On-Site Support and Technical Assistance: Our service includes delivery, setup, teardown, and on-site support, eliminating the complexities of VR setup and providing hands-on technical assistance during events.
• Customizable VR Experiences: We offer personalized VR experiences tailored to the client's event or needs, allowing them to create unique and engaging programs for their audience.
• Convenience and Variety: With our mobile VR rental service, customers can access VR experiences delivered and set up on-site, eliminating the need for them to invest in expensive equipment.

Our solution provides a unique and hassle-free way for businesses, educators, event planners, and consumers to access the latest in immersive technology.

Mission Statement

Our mission at VR on Wheels is to revolutionize the accessibility of virtual reality experiences by providing unparalleled convenience, expertise, and personalized service to our customers. We are committed to delivering innovative and immersive VR solutions while ensuring customer satisfaction, fostering a culture of continuous improvement, and making a positive impact on the communities we serve.

Key Success Factors

Financial Summary

This section provides a concise overview of the financial projections and requirements for VR on Wheels.

The business is seeking an initial capital of $1.5 million to cover startup costs and operational expenses. The anticipated return on investment is expected to reach 28% by 2026.

In summary, the financial outlook for VR on Wheels demonstrates solid growth potential and a favorable ROI over the next three years.

Funding Requirements

VR on Wheels requires $1,500,000 in total funding to cover equipment purchases, operational expenses, marketing and sales efforts, staffing, and initial setup costs.

II. Products & Services

Problem Worth Solving

The problem worth solving for VR on Wheels revolves around the limited accessibility and expertise required for individuals and businesses to utilize virtual reality (VR) technology effectively. Despite the increasing demand for VR experiences, many potential customers encounter significant barriers when attempting to incorporate VR into their events, training sessions, or entertainment programs.

• Space Limitations: Many individuals and businesses lack the physical space or infrastructure necessary to set up and operate VR equipment effectively, hindering their ability to fully embrace the technology.
• Resource Constraints: The high cost of investing in VR setups, including advanced hardware and software, poses a financial challenge for those interested in experiencing VR or using it for their events and programs.
• Technical Knowledge Barrier: The complex nature of VR equipment and the expertise required for setup, maintenance, and content management present a significant hurdle for potential users, as they may lack the necessary technical know-how.
• Difficulty in Accessing Variety: Without a dedicated VR rental service, consumers and businesses are limited in their accessibility to an extensive library of VR content and experiences, hindering their ability to utilize VR effectively for their specific needs.

These challenges result in consequences for potential customers across different sectors, including corporate clients, event planners, educators, and consumers:

• Limited Innovation: Businesses and educators are unable to fully explore the potential of VR in enhancing team-building activities, training programs, and educational experiences due to the lack of accessible and hassle-free VR solutions.
• Reduced Event Potential: Event planners face constraints in offering cutting-edge entertainment or immersive experiences at their events, leading to missed opportunities for engaging and memorable experiences for their clients and attendees.
• Lack of Immersive Learning: Educators are unable to incorporate advanced VR technology into their teaching methods, limiting the potential for immersive and interactive educational experiences for their students.
• Inconvenient Entertainment: Consumers looking to host unique parties and gatherings are limited in their ability to provide engaging and entertaining experiences through VR due to the challenges associated with setup, maintenance, and content variety.

Overall, the gap in the market for a comprehensive, mobile VR rental service leaves potential customers without viable options to overcome these challenges, creating a significant need for a solution that provides accessible, diverse, and expertly supported VR experiences.

Our Solution

At VR on Wheels, we offer a comprehensive mobile VR rental service that caters to the diverse needs of our customers, providing a hassle-free and immersive VR experience. Our solution is designed to address the specific pain points of our target market, offering a unique and convenient way to access cutting-edge VR technology.

• Extensive VR Library: We provide an extensive library of VR content, including at least 50 different titles at launch, covering various genres and themes. This ensures that our customers have access to a diverse range of experiences that can cater to different events, training programs, or entertainment needs.
• State-of-the-Art Equipment: All our VR equipment is state-of-the-art, with regular upgrades and new purchases planned bi-annually. This commitment to keeping our hardware up to date ensures that our customers can enjoy the latest advancements in VR technology, offering them the best possible experience.
• Exclusive VR Experiences: In addition to our extensive library, we develop and launch at least five exclusive VR experiences within the first two years. These exclusive experiences set us apart from traditional rental services, providing unique and tailored content for our customers' specific needs.
• On-Site Support and Technical Assistance: Our service includes delivery, setup, teardown, and on-site support, eliminating the complexities of VR setup and providing hands-on technical assistance during events. This personal touch ensures that our customers can enjoy a hassle-free and fully immersive VR experience, regardless of their technical expertise.
• Customizable VR Experiences: We offer personalized VR experiences tailored to the client's event or needs, allowing them to create unique and engaging programs for their audience. This level of customization sets us apart from standard VR rentals, providing a high degree of flexibility and innovation for our customers.
• Convenience and Variety: With our mobile VR rental service, customers can access VR experiences delivered and set up on-site, eliminating the need for them to invest in expensive equipment. They can also enjoy a wide variety of curated VR content, providing them with innovative entertainment and training options with minimal effort.

Our solution provides a unique and hassle-free way for businesses, educators, event planners, and consumers to access the latest in immersive technology. By addressing the specific needs of our target market and offering a comprehensive VR rental service, we are well-positioned to become a leader in the mobile VR industry in California and beyond.

Unique Selling Proposition

VR on Wheels offers a unique and hassle-free way to access the latest in immersive technology, targeted to customers seeking cutting-edge additions to their events or programs. Our mobile VR rental service provides a comprehensive solution that includes delivery, setup, teardown, and on-site support, making VR accessible and convenient for corporate clients, event planners, educators, and consumers.

• Convenience of having VR experiences delivered and set up on-site.
• A wide variety of curated VR content for different industry needs and preferences.
• Personalized service with hands-on support during events.
• Regular updates and advancements in VR technology and content offerings.
• Competitive pricing with inclusive setup and support services.

Development Stage and Future Plans