Business Overview
- IoT & Software-based product design business located in Bangalore.
- We develop embedded hardware, firmware, software and mechanical design services for our clients.
- We also provide engineering services related to medical, automotive & marine industry for 3 different clients.
- Have a strong experience in product distribution & production support.
- The products are built in-house to match the client's requirements.
- Instrument cluster development is currently in the minimum viable product (MVP) stage.
- Current product is a one-stop IoT solution for Automotive Industry.
- The product is targeted for the farming and construction industry in the initial stage.
- We have a LOI for 10,000 units for the next 3 years.
- The business has made INR 1 crore in 3 months of the current financial year and is expected to generate more despite the ongoing pandemic.
- The revenue generated is only for the services being provided. The new product is expected to generate a much higher level of revenue.
Products & Services Overview
Digital instrument cluster for automobiles, respiratory cough assist device, IoT enabled ventilator, mucus clearance device, HMI design for a marine-based application, and industrial IoT device.
Assets Overview
Furniture, 25 laptops, printers, AC, testing equipment, patent pending, and product prototypes.
Partial Stake Sale
USD
1.58 million
for
17.0%
stake
(Native Currency: INR 150,000,000)
Reason:
Funds will be used in further development of the product (digital instrument cluster) and making it ...
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Includes physical assets worth
USD
42 thousand
Interested to connect with advisors
In talks with 3 Investors