Trak N Tell, the Gurgaon-based startup, is all geared up to roll out a new IoT item, Trakpod. This new product can sit inside a diagnostic port of the car and alert drivers as well as detect troubles on the engine health, among other stuffs.
Trak N Tell, which is first Investment in India of WhatsApp cofounder Brian Acton, aims to roll out Trakpod in both 4G and 2G versions and anticipates it might assist it contend in global IoT (Internet of Things) markets comprising Europe, the U.S., and Africa. “While most of our contestants’ goods are based on 2G, the 4G item will offer us a lead in the market,” claimed CEO of Trak N Tell, Pranshu Gupta, in an interview to the media.
“Need for 4G goods is increasing in worldwide markets. Our 4G variant is going through field trials right now and with a bit of luck will be rolled out by Diwali this year,” he further added to his statement. Trakpod will take on recognized companies such as MapmyIndia. “We have kept the price tag of the product insistently vis a vis other goods by competitors,” said Gupta. The decision came a year and half post Trak N Tell rolled out its first IoT good, Intelli7, which is a tool for tracking of the car.
Trakpod has established premature adopters with companies in the self-drive car rental sector and is offering a custom software as well as hardware solution to decide on worldwide brands with the presence in India and some automobile producers in India. Gupta claimed that his firm will sell the goods via over 300 stores all over 7 cities in the nation. The company, which has a noteworthy existence in Bengaluru, aims to extend to 10–15 cities by end of this fiscal year.
The telematics sector in the nation is on a development track and is anticipated to cross $113.7 Million by the end of 2018 according to sources. These sources have deep knowledge of this matter and demand to be unnamed. Key companies in the market comprise Trak N Tell, MapmyIndia, MindYourFleet, CaRPM, as well as Locus.