Monimoto, UAB

Monimoto, based in Vilnius, Lithuania, specializes in innovative motorcycle GPS tracking solutions aimed at preventing motorcycle theft.Monimoto focuses on developing advanced GPS tracking systems for motorcycles and other vehicles. The company was founded in 2013 in Vilnius, Lithuania, by Rolandas Dranseika, who has experience in entrepreneurship.000 mn.Monimoto specializes in advanced motorcycle GPS tracking solutions designed to combat motorcycle theft effectively. Their primary offerings include the Monimoto 7, a motorcycle alarm with GPS tracking capabilities, and the Monimoto 9, which serves as a GPS tracker for various vehicles including motorcycles, cars, and bicycles. These devices function by emitting a signal that allows users to monitor their vehicle's location in real time, enhancing recovery chances in the event of theft. The trackers are designed for discreet installation, enabling users to hide them in less obvious locations to prevent detection by potential thieves.Monimoto generates revenue through direct sales of its GPS tracking devices and associated services.40 for the same year. Customers typically purchase products outright, with potential recurring revenue stemming from subscriptions for enhanced monitoring and alert services. The company's flagship products, such as the Monimoto 7 and Monimoto 9, appeal to both individual consumers and businesses, allowing for a versatile transaction structure. Direct-to-consumer sales are prominent, supported by an online platform that facilitates the purchase process. Retail partnerships may also exist, enabling broader distribution channels. The company aims to launch new products that enhance their tracking capabilities by the end of 2023, targeting increased market penetration in North America and Europe. This strategic expansion is designed to meet the growing demand for effective vehicle security solutions.

1. Seed

   Apr 1, 2019

   Amount

   $0.3M

   Investors

   Locked