First round of $1 million private placement open and registered; $325,000 subscribed to date.
Competitors
Lojack, OnStar, Mobile Guardian, Guide Point, Microtrac
Product Description
Introducing a security solution that can retrieve stolen vehicles, monitor teenage drivers’ whereabouts and speed, and cool or heat vehicles remotely. Cool or heat your car before you enter it. The Inilex security GPS product allows users to monitor and control their vehicles wirelessly via any phone or the Internet. The Inilex ViM plugs into the car and can unlock doors, set alarms, start the engine and control a host of other functions without the need for complicated wiring. Just plug and play.
Market Opportunity
ViM targets new automobile dealers; owners of cars, motorcycles and ATVs; and small fleet operators. Approximately 237 million vehicles are registered in the United States, according to a 2006 analysis by the National Automobile Dealers Association (NADA), and 17 million new cars and light trucks are sold in the United States every year.
DEMO Says
Attempting to put an end to virtually all auto theft is what we’d call a tall order. But Inilex’s Vehicle Interface Module has the ability to do just that. By accessing your vehicle wirelessly—via any phone or Internet connection—through its onboard computer, the ViM allows owners to control everything from air conditioning to auto-starting the engine. Imagine having the ability to relay your car’s exact location to the police during a theft. Or having your vehicle tell you its oil is low via text message. Or, brace yourselves, setting a speed limit for your teenage drivers. Forget the flying car; Inilex is the next generation in auto innovation.