After successfully creating its presence in the Indian market, IOT based vehicle tracking solutions providers, Letstrack has entered its business in the US market. With its expansion to other countries, Letstrack aims to become a global tech company.
The company is launching in the US with all its products – Letstrack Personal series, Letstrack Bike series, Letstrack Premium, Letstrack Plug and Play, Letstrack Special and few amazing new products.
After the US, Letstrack has plans to launch its operations shortly in Europe and North America as well. Being Asia’s no. 1 GPS tracking device, they are all set to achieve another milestone. With the pilot in the US, Letstrack has crossed more than 10K app registrations in the country. Over the next few months, the company is expecting higher growth and momentum from the US market.
Currently focusing 100 K US users, Letstrack is working with some OEMs from the US market to expand nationwide. As a new entrant, the GPS tracking company is trying to create a demand more than the tracking concept. With features like full car security, connectivity and entertainment package, it aims to connect to the masses to improve their journeys more than they ever expected.
Speaking about the expansion, Mr Vikram Kumar, Founder & CEO, Letstrack, stated, “All American companies want to enter China and India, but Chinese don’t let them enter. And India is too difficult to understand and operate. Our main strategy was to place distribution in place and conquer the Asian Market, then move on to launch in the USA with a bang. And it’s not long before we see that coming true.”
Letstrack has also made initial contacts with high-level talents from some of the biggest tech companies to bring the fresh brains for its US operations.
By 2020, Letstrack aims to be seen as an established and recognized force in the US market. Raised $1.7 million in seed funding, Letstrack is looking to raise around 8-10 Million USD in Pre-Series A round of funding.