providers
Angel buyers are introduced alongside for the trip.
Odin Alveng and Tom Arne Danielsen Picture: Presse
It’s a certain recipe for entrepreneurs for a very long time. Discover a service, ideally massive and worthwhile, however which has not adopted digitization. Then create a extra technologically clever competitor. Repeat.
In Ycombinator they name it “tech-ability”and in earlier rounds of admissions to the profitable accelerator such startups have dominated, though there are fewer of them on this 12 months’s admissions.
In Norway, the tire change startup is failing Sponsor into such a class. The founders have developed an algorithm for driving most effectively between clients’ garages, the place they modify the tires on their automobiles. Altering the tires prices NOK 599, so the invoice might be greater for those who need assistance carrying the tires or selecting them up from one other location. Noddi additionally provides to scrub the automotive inside and outside.
Leaving the Askeladden idea to make automotive care startup Shine
The entrepreneur tells Dagens Næringsliv Tom Arne Danielsen though the size are nonetheless small, Noddi has now accomplished 6,000 business duties round Oslo.
From a turnover of 400,000 in 2022, the corporate is ready sixfold to 2.5 million in 2023 in line with unfinished accounting figures.
On the identical time, the perimeters should be good.
– Concerning tire modifications, which is completely the most important factor we’ve got accomplished, we have a look at what it prices to do, with wage, kilometers, tolls. We common an working margin of 49 p.c. After which all the executive work is automated, Danielsen tells DN.
Getting 5 million
The corporate raised NOK 5 million at a worth of NOK 50 million. Oda’s founder, Karl Munthe-Kaas, has been along with his cousin’s firm since its inception. There may be additionally Oda founder and Skyfall companion Jon Kåre Stene. Former GET supervisor Gunnar Evensen and rally driver Andreas Mikkelsen are new on the possession aspect.