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GPS Devices Business Investment Opportunity in Tel Aviv-Yafo, Israel

Innovative offline GPS navigation system for civil and military applications.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries GPS Devices + 1 more
Locations  Tel Aviv-Yafo
Local Time 9:03 PM Asia / Jerusalem
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 250 thousand for 25.0% stake (Native Currency: USD 250,000)
Reason: The investment will go towards the final prototype design and manufacturing of the first batch of pr... View More
Interested to connect with advisors
Documents
Business Overview

- Have built a novel offline navigation system that can be used as a backup to traditional GPS devices.

- The system can be used for navigation where internet and satellite coverage is limited or does not exist.

- Can be used for both military and civil applications.

- At present, the IP is held personally by the promoter and has not been registered.

- Patents for the technology are yet to be filed and the company is yet to be registered.

- Over 3 years of R&D work has already been done and we have built and tested all the working blocks.

- Seeking capital to build the final prototype and begin production.

- The final product will be the size of a tablet (13" x 15") and will be able to integrate with land, sea, and air vehicles.

- Have already received interest from a private military technology contractor.

- The final prototype is expected to be completed within 6 months of securing funding.

- A new company with the investor as a shareholder will be incorporated in the US as it represents the largest market for our product and we intend to supply to the military in US.

Products & Services Overview

An offline global positioning system devices for the navigation of air, sea and land vehicles of all types, completely independent from the internet and satellite networks working offline.

Facilities Overview

Home based research and laboratory for technological development devices.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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