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GPS Devices Company Investment Opportunity in Halifax, Canada

A telematics road safety device that prevents driver from using their phone while driving.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries GPS Devices + 1 more
Locations  Halifax
Local Time 8:45 PM America / Chicago
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 445 thousand for 20.0% stake (Native Currency: CAD 600,000)
Reason: Cover cash calls in new JV and operating expenses.
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview
Company has developed a road safety telematics device that prevents driver from distraction caused due to cell phone. Our platform has helped a lot of drivers improve safety, stay focused, track routes and trips.
Company is currently in the pre-revenue stage. Our award winning patent protected technology has been tested in dozens of countries. Built relationships with Fortune 100 companies. Currently in JV talks with a major company in Europe.
Company owns IP and the codes of technology.
Products & Services Overview
- Patented telematics device for road safety, preventing drivers from using cell phones while driving.
- App also provides driver scoring, driver improvement, trip logging, location services and much more.
Facilities Overview
Leased office space of approx 3,000 square feet.
Capitalization Overview
Not Disclosed
Recent Activity
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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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