NEW DELHI, July 11th, 2016/Red Newswire/-: Gurgaon-based auto telematics arrangements startup ‘Trak N Tell‘ has raised an undisclosed whole from a gathering of speculators, drove by WhatsApp fellow benefactor Brian Acton.
Bits N Bytes Soft, which works as ‘Trak N Tell’, makes items to guarantee security of travelers while going in their vehicle by means of utilization of telematics and associated auto advancements.
Trak N Tell will convey the raised assets towards item improvement and business development, it said in an announcement.
The organization will dispatch a security answer for individual auto and bicycle proprietors, he included.
Trak N Tell at present gives a GPS item that empowers auto proprietors and armada proprietors to track their vehicles and even immobilize them, if there should arise an occurrence of a burglary by tapping a catch on their smartphone.
It likewise takes into account prescient motor disappointment, preventive upkeep notice, fuel observing framework among different components.
“Our aim is to offer an Indian form of connected cars that are accessible in Europe and North America. While the quality is in equality with international standards, our prices will be set in accordance to the Indian market,” Gupta said.
As indicated by IHS Automotive, 60 percent cars sold in the US (around 10 million vehicles) by 2017 will be associated with the Internet.
Globally, it is assessed that there are 23 million associated autos out and about today with projections for 152 million by 2020. This implies the business can develop by 150 percent y-o-y.
“Pranshu has extremely interesting plans for the Indian automotive market and I’m very excited to help him scale his business further as an investor. I’m very pleased with the results of the company to date,” Acton said.
Established in May 2007, Trak N Tell counts OEMs as well individual car and bike owners among its customers.