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Industrial IoT Solution Company from Chennai with Strong Founding Team is Looking for Growth Investments

Listing ID: BB009209
Posted By: Third party
Last Active: 1 month ago
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About Business

Edge Telematics & IoT Device We do PCB Design, Firmware and Software, Interface for application development.
More than 6000 devices deployed and are operational
In addition to our Industrial hardware and software technical competencies, we also excel in control systems, APP development etc

Clientele type

Multiple logisticcs and Industrail companies like CK Dairy , Mid Valley , Carry Fresh , Kwality Walls , Godrej Creamline , TAFE

Premises

A rented office, R&D space and 1200 sq ft assembly line

Asking Price Includes

Equity Ownership

Reason

Looking for growth capital for expansion of Business Development and Supply chain to USA and Europe apart from India. This is to prepare for the next round of Funding in USA.

More Details

The Platform being offered is the only Fully-made In India ( Atma Nirbhar ) EDGE Device based on our patented , published Global technology. The patented technology enabled modular platforms for Geo Location and Navigation

Traction So Far
Revenue of more than INR 1cr in FY 19-20. In the first 6 months of FY 20-21, revenue of INR 75 lacs with more than 10 lacs worth of orders in hand. This is despite the operations shutdown for 2 months during lockdown...

Founding Team
The company is run by 2 technical founders along with a strong executive team
Founder1: With almost 4 decades of industry experience, he has worked with multiple core industry companies across India and Gulf countries. Bachelors in Mathematics and Masters in Business Administration.
Founder2: A specialist in software and embedded systems. He has a bachelor’s degree in Electrical & Electronics. Patent holder for parallel computing

Certifications
The company has ISO 9009 2015, TUV SUD, CDAC, iCAT, AS9100D Certifications

Keywords

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₹10 to ₹200 Cr

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