GP Device Business Investment Opportunities in Bengaluru

Offer a hardware-first approach where customers purchase GPS tracking devices and then subscribe to our GPS software for real-time tracking and additional services. Our software includes features like live location tracking, ignition alerts, trip history, geo-fencing, and remote engine control. - We currently track over 10,000 vehicles across India, catering to both individual customers and businesses. - Our revenue model includes hardware sales with a one-time purchase of GPS tracking devices priced at ₹999, subscription services with recurring revenue from GPS software plans ranging from ₹299/month to ₹5,999 for a 5-year term, and an annual maintenance charge (AMC) of ₹495 per year for ongoing software support. - The business is led by a graduate from IIT Kharagpur with 4 years of experience at Schlumberger, providing us with strong technical and operational expertise. - We maintain robust business relationships with logistics companies, fleet managers, and individual vehicle owners, supported by reliable supply chain and distribution networks for hardware. - We have been recognized and selected by prestigious programs such as the Bosch DNA Program, Microsoft Founders Program, and Google for Startups. - Our current focus includes SMEs and consumers, with 75% of our revenue coming from B2B sources (cabs and transport industry) - We hold licenses such as GST and CIN. - Manufacturing of our hardware is outsourced to 10 suppliers. - The company is registered in Mumbai and operates out of Bengaluru.

Business was established 2 years ago for the purpose of commercializing a range of telematic wireless products for security/productivity and effective fleet management in India. - As of now, we have 2 kind of GPS device installed in the vehicle to get different information about the vehicle, such as location, speed. - We have more than 250 clients and have installed our GPS device in more than 3,000+ vehicles so far. - Our clients are fleet owners, individual vehicle owners, travel companies. - Our projected growth rate for the next 6 months is 20X. - We already have a tie-up with corporate companies pan India. - We source GPS devices from other vendors for now and we plan to produce our own devices in the near future. - There are 2 partners in the business each having a 50% stake. - Business is debt-free. - The sales have increased due to the increase in the number of customers.

Business was established 2 years ago for the purpose of commercializing a range of telematic wireless products for security/productivity and effective fleet management in India. - As of now, we have 2 kind of GPS device installed in the vehicle to get different information about the vehicle, such as location, speed. - We have more than 250 clients and have installed our GPS device in more than 3,000+ vehicles so far. - Our clients are fleet owners, individual vehicle owners, travel companies. - Our projected growth rate for the next 6 months is 20X. - We already have a tie-up with corporate companies pan India. - We source GPS devices from other vendors for now and we plan to produce our own devices in the near future. - There are 2 partners in the business each having a 50% stake. - Business is debt-free. - The sales have increased due to the increase in the number of customers.