Protectus Technologies, Inc.

Protectus Technologies, Inc. is focused on enhancing vehicle security through advanced GPS car tracking and alarm systems, providing real-time monitoring and alerts for car owners. Founded in 2014 in Dover, US, Protectus Technologies, Inc. specializes in vehicle monitoring solutions.

The company was co-founded by Gregor Jeraj and Matej Peršolja, who also serves as CEO. The firm raised EUR 0. 24 million in Seed funding in October 2016, marking its most recent funding round and bringing the total amount raised to EUR 0. 24 million.

The company has successfully completed 3 deals to date. CarLock specializes in advanced GPS car tracking and alarm systems designed to enhance vehicle security and monitoring for car owners. The core offerings include a GPS tracking device that plugs into a vehicle's OBD (On-Board Diagnostics) port, enabling real-time monitoring of the car's movement, engine status, and other security features through a mobile application available on both iOS and Android platforms. Key functionalities of the CarLock system include alerts for unauthorized vehicle movement, engine start notifications, vibration detection, and battery health monitoring.

These features serve various end-use cases, particularly for individuals concerned about theft, reckless driving, or the safety of teenage drivers. The device is primarily marketed to car owners across multiple geographical regions, notably in North America and Europe, with a growing customer base that includes both individual consumers and fleet management services. CarLock generates revenue primarily through a subscription model associated with its GPS tracking service. The standard pricing structure for the CarLock device is EUR 49.

95, accompanied by a monthly service fee of EUR 9. 95. This subscription grants users access to the comprehensive features of the CarLock application, which includes real-time vehicle tracking, safety score monitoring, and vehicle health alerts. Customers can purchase the device directly from the company's online platforms or through retail partners.

The revenue model is designed to support both direct-to-consumer sales and potential partnerships with automotive service providers, thereby expanding its reach to a broader audience while enhancing user engagement through ongoing service subscriptions. Moving forward, Protectus Technologies, Inc. is focused on expanding its product offerings and geographic reach. The company aims to develop new products that enhance vehicle security and tracking capabilities, with potential releases in upcoming years.

Additionally, Protectus Technologies plans to enter new markets across Asia and South America by 2025. The funding raised in October 2016 will be utilized to support product development and market expansion initiatives.