Retooling urban transportation is a huge task. JPods is seeking allies that can leverage their existing abilities to profit from JPods innovation. Existing oil, gas, and power companies have capabilities to help build networks and benefit from the Carbon Credits JPods will generate.
- High value in that JPods networks are solar-powered. JPods networks replacing each car-mile produces about .8 pounds of CO2 credits (see table below. There are 90,000 cars in Bibb County, GA, 892,924 in Collin County, TX and 2.1 million in Dallas County, TX. JPods networks will start in niches
- In exchange for a $20-50 million loan to build and certify our first networks. JPods will:
- Repay this loan in 5 years.
- Provide $40-100 million in Carbon Credits at 50% of the market value.
Per 100,000 cars
| 24.9 | miles per gallon | BTS | |
| 20.0 | pound CO2 per gallon | NASA | |
| 0.80 | pounds of CO2 per car mile | ||
| 13,476 | mile per year per car | DOT | |
| 2,205 | pounds per metric ton | ||
| % miles reduced | Metric tons savings / 100,000 cars | $8/ton Credits | Savings per 100,000 cars |
| 30% | 144,199/year for 7 years | $359,055 | Value, 2020 @admin $2.4 per ton |
| 50% | 240,331/year for 7 years | $598,425 | |
| 60% | 288,398/year for 7 years | $718,110 |
Case studies on why grade-separated networks will generate paybacks:
- Wuppertal’s suspended train carries 25 million passengers/year with one fatal incident since 1901.
- Morgantown’s PRT has been operating since President Nixon sent his daughter to open it in 1972. This was the first grade-separated network of electrically powered, self-driving cars. Links to:
- Background on Morgantown’s PRT. See attached Letter from the Mayor of Morgantown on network efficacy.
- 2010 Independent Audit showing ROI relative to buses.
- Congressional study on how PRT is the solution to urban traffic problems and hardships of the 1973 Oil Embargo.
- Praetor Capital 2021 estimate of PRT capital value of $31-58 billion.
- Booz, Allan, Hamilton 2007 study on PRT for the New Jersey Legislature (slides and written report). The expected growth did not happen because the Legislature did not subsequently grant Rights of Way access.
JPods has broken the Rights of Way barriers in Georgia, Texas, and Oklahoma by creating the 5X5 Standard:
- Privately funded networks 5 times more efficient than roads.
- Pay 5% of gross transportation revenues for non-exclusive use of airspace over approved roads.
JPods needs enough capital to build and certify guideways in Georgia, Texas, and Oklahoma. US DOE Loan Program Office, Goldman Sachs, and Project Finance Exchange have expressed interest in funding JPods networks once we have a certified guideway.