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Monimoto
The world's easiest to use smart GPS tracker & alarm system for cars, motorbikes and other means of transportation.
- Hardware, IoT, Mobility
- Seed
Location
Vilnius, Lithuania
Revenue size
EUR 2.4 million
Year founded
2016
Funding raised
EUR 800,000
Founders
Andrius bruno Rimkunas, Rolandas Dranseika, Antanas Masevicius
Most relevant investors
Open circle capital, Iron Wolf Capital, Crowdcube
Team size
10-19
Problem
Cars, boats and bikes are often and easily stolen.
SOLUTION
Monimoto is a compact, stand-alone device equipped with a wireless GPS tracker, which is easily installed on valuable items of your choice. The device comes with an embedded eSIM card that covers most parts of the world, where 2G and 4G networks are available. Monimoto is connected to an app, which allows you to see the location of your item, and notifies your phone if a thief is trying to steal your means of transportation.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
- Monimoto exports more than 95% of its production and works with exclusive distributors in each country of which they have operations. Their main markets are: - USA (Tucker powersports) accounts for 30% of total sales
- UK (Pama) accounts for 25% of total sales
- FR (Technoglobe), JAP (Baltic vision), AUS+NZ (Whites powersports) and NL (Perier motorsports) account for 30% of total sales
- Remaining 15% of sales are across Europe
Team
The three founders of Monimoto have qualifications within three separate areas: Engineering, IT and Business
The Engineering team covers hardware, connectivity, industrial design, purchasing, testing and manufacturing, and includes 4 in-house resources and numerous freelancers.
IT consists of 6 employees and covers firmware, protocols, back-end and front-end (Apps)
Business has 8 employees, covering business developers, account manager, marketing, digital (DTC) team
Unique selling point
Battery-powered alarm/tracking system with a lifetime of over 12 months and automatic arm/disarm functionality at competitive prices.
Asia Connection
Monimoto currently has distributors in Japan, and were in the process of expanding to Thailand, Vietnam, and Malaysia prior to the pandemic. The company is looking for distribution partners, funding, acquisition and new ideas across the East Asian region.
Pitch
