Indian GPS-Tracking Firm Letstrack Expanded Its Business To The US

Letstrack, a vehicle-tracking startup from Gurgaon, Haryana, with customers including Uber, Ola, and GE has entered the US market after its expansion to Sri Lanka. By 2020, the company aims to establish itself as one of the segment’s leading players in the U.S. Letstrack claims that since its entry, it has received more than 10,000 app registrations.

According to the company’s press release, all of its services have been launched in the US, which include Letstrack Personal series, Letstrack Premium, Letstrack Bike series, Letstrack Special, Letstrack Plug and Play, and many more. The company also stated that it is also in discussions with several OEMs in the U.S for its expansion in the country.

Letstrack’s founder and CEO, Vikram Kumar, in his prepared statement, said that all American companies plan on entering India and China. However, strict regulations from the Chinese government make entering the country almost impossible while India also poses as a challenge.

So far, the company has succeeded in raising S1.7 mil in seed funding. Letstrack is looking forward to securing Series C funding.

With ride-aggregator and autonomous trucking services becoming more mainstream, vehicle-tracking services that use GPS, like those from Letstrack, are expected to be more sought-after by fleet operators. Therefore, it won’t come as a surprise if the company will have a successful expansion in the world’s largest economy.