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Verdeva, Inc.

Verdeva enables commissionable transactions at the gas pump via Efficient Vehicle Assessor platform. Year Five targets: $89m revenue, $26m profit (EBIT).

  • Stage Prototype Ready
  • Industry Consumer Services
  • Location Boston, MA, US
  • Currency USD
  • Founded June 2012
  • Employees 4
  • Incorporation Type S-corp
  • Website verdevainc.com

Company Summary

Verdeva, Inc.’s Efficient Vehicle Assessor (EVA) turns a gas pump into a “Smart Pump”. EVA is a more robust and commercial version of E-ZPass™. Verdeva monetizes autos at one place where over 14 billion transactions occur – gas stations. EVA turns gas pumps into intelligent platforms to offer vehicle-specific transactions like registrations, insurance, convenient payments and other consumer services. .

Team

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    Kevin J. Condon
    Founder, CEO

    EVA inventor; former Managing Partner Core Computer Group (transportation database dev); 30-yrs experience as exec in technical media/data. Subject-matter expert on mileage-based user fees; Editor, Mileage Based User Fee Alliance Newsletter. Launched Retail Data Security Conference; managed creation of first global hotel database in partnership with Expedia.com; COO, Reed Elsevier’s Entertainment, Media and Communication division.

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    Edward G Rendell
    Advisor, former PA governor

    Former PA governor Ed Rendell is the leading advocate for infrastructure investment, and smart environmental policies. He led Philadelphia from fiscal crisis to a fiscal health. While governor, Pennsylvania led in exploring innovative solutions for sustainable transportation financing. He brings deep insight into each of the areas EVA addresses: the environment, energy, sustainable transportation funding, and government fiscal crisis.

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    Isaac Colbert, Phd
    Advisor, retired MIT Dean of Graduate Studies

    Dr, Colbert is the retired Dean of Graduate Studies for MIT. He has been involved with the Joint Harvard/MIT Woods Hole Program. Founding Partner, LioLabs; Member, Blind Review Committee; National Science Foundation; Past President of Association of Graduate Deans; member of Scientific Review Committees for V-Stax, and Aerocell; Trustee of the Educational Testing Service (ETS); Past President of the Graduate Record Examination (GRE) Board.

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    Nicholas Chandler
    Co-founder, CTO

    DMV data modernization. Software expert for sophisticated government-sector software including setting up MA Registry of Motor Vehicles, MA Healthcare Exhange. His innovative approaches are also reflected in his Smart Government™ practice leadership, and in his Medicaid rev/max, financial services and global real estate network development . CFO/COO experience in IT start-ups, leader of large international integration projects.

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    Georgia Perakis
    Advisor, MIT Professor

    Professor Perakis holds the William F. Pounds Professor of Operations Research chair at the Sloan School of Management. An internationally recognized expert in variable transportation pricing. She has widely published in journals such as Operations Research, Management Science, Mathematics of Operations Research and Mathematical Programming among others.

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    Martin Gomez
    Advisor

    Founder and President of Core Computer Services, a government contractor with extensive experience in transportation database development for the U.S. Department of Transportation, including the National Highway Traffic Safety Administration and the FAA. Core also designed tolling software for the Miami Dade County Tolls Division.

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    Jay Kirsch
    Co-founder, COO, CyndX

    CyndX is a open technology platform (currently in beta) that enhances and streamlines all points along the capital raising process from discovery to closing with a focus on serving investors, companies and executives alike.
    Prior to CyndX Jay was president of AOL Business, Tech & Entertainment Group. Earlier Jay was CEO of Imaginova Corp,, the leading information provider to NASA . Earlier he was a media investment banker.

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    Richard B Price
    Advisor

    CEO and founder of R.B. Price & Company, a firm that serves middle market transactions in the $50 million to $500 million dollar range of equity value. Richard received his MBA and JD degrees from the University of Pennsylvania's Wharton Graduate School of Business and the Law School.

  • 7febb2ab f4fe 499a ae4b 61e6947693d6
    Advisor

    Former Assistant Secretary of Transportation in NY Governor Andrew Cuomo's office; former senior official in NYS Department of Transportation and NY DMV.