Podcast
Questions and Answers
What is the primary environmentally friendly feature of V-LUCK?
What is the primary environmentally friendly feature of V-LUCK?
- It requires regular electricity connection.
- It's made of recycled metal.
- It's fully powered by solar energy. (correct)
- It is located indoors.
V-LUCK lockers require continuous connection to the electrical grid.
V-LUCK lockers require continuous connection to the electrical grid.
False (B)
How much did the smart locker market value last year?
How much did the smart locker market value last year?
$2.1 billion
V-LUCK aims to increase locker accessibility by _____%.
V-LUCK aims to increase locker accessibility by _____%.
Match the following companies with their focus:
Match the following companies with their focus:
What percentage of total energy use in smart lockers is attributed to inactivity?
What percentage of total energy use in smart lockers is attributed to inactivity?
About 50% of students carry more than one bag to college.
About 50% of students carry more than one bag to college.
Who is the founder of V-LUCK?
Who is the founder of V-LUCK?
Flashcards
V-LUCK
V-LUCK
An innovative, solar-powered outdoor locker system for students.
Fossil fuel reduction
Fossil fuel reduction
Decreasing the use of fossil fuels like oil and gas.
Smart lockers
Smart lockers
Lockers with electronic control, often connected to a network.
Solar-powered facility
Solar-powered facility
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Student locker needs
Student locker needs
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Energy use of smart lockers
Energy use of smart lockers
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Market competition
Market competition
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Sustainability (in the context of lockers)
Sustainability (in the context of lockers)
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Study Notes
V-LUCK Smart Locker System
- Reduce fossil fuel and carbon emissions by implementing small steps using smart technology.
- V-LUCK is an innovative, eco-friendly storage solution for universities.
- It uses solar power for continuous operation, reducing electricity use and waste.
- Founder: Valeria Fernandez, UTRGV student.
- Team includes Elizabeth Davis (CEO Nuts & Cows/Cocina).
- Problem: Current lockers use significant energy due to inactivity.
- Statistics: UTRGV Brownsville campus has 32,174 students, with many carrying multiple items.
- Solution: V-LUCK outdoor lockers, powered by solar panels.
- Benefits: Increased accessibility (40%), lower long-term costs, and sustainability.
- V-LUCK prototype features: solar panel, locker numbers, and POS system for code entry.
Solar Panel Powered Locker System
- Solar panel powers the lockers continuously, even during cloudy days or nighttime.
- The electricity is stored in batteries.
- Provides 24/7 accessibility for student belongings.
Customer Needs
- Customers need convenient, accessible storage close to their classes.
- V-LUCK provides a 24/7 solution independent of the electrical grid.
- Demand for solar-powered facilities is increasing in U.S. Universities.
Market Analysis and Competition
- The smart locker market was valued at $2.1 billion in 2024.
- Competitors: ARKA, Package Nexus, Omnic (primarily business-to-business companies in Asia).
- V-LUCK is unique in being a student-centric business-to-consumer facility located on a college campus
- This provides a competitive advantage.
Marketing Strategy
- Marketing Strategy focuses on "Product, Place, and Promotion".
- Social media and on-campus promotions will be used to advertise and promote.
- Word of mouth marketing will also be employed.
Pricing and Funding
- Locker reservation costs vary by duration (e.g., $2 for 4 hours, $7 for 24 hours, $10 for a week).
- Funding request for $8,830 covers manufacturing, and software installation for V-LUCK.
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Description
Explore the innovative V-LUCK Smart Locker System designed to promote sustainability in universities. This eco-friendly solution utilizes solar power to reduce energy consumption and offers 24/7 accessibility. Discover its benefits, features, and the impact it has on the campus community.
