Monimoto develops battery-powered, wireless GPS trackers for motorcycles that are easy to fit, offer around a year of battery life, and alert owners if their bike is moved. The tracker is featherlight, requires no professional installation, can be concealed, and provides worldwide tracking coverage. The company emphasizes simplicity and affordability, saying devices can be set up in less than seven minutes. Monimoto was started by passionate bikers in 2013 and positions itself as a leader in affordable, effective motorcycle security. With recent funding, the company plans to expand its product offering, scale its team, and push growth into new markets including North America. Monimoto builds an easy-to-install, wireless GPS alarm and tracker for motorcycles powered by disposable batteries and paired with a Bluetooth proximity keyfob. The device wakes on motion when the keyfob is away, calls the owner, and sends location details to a smartphone; the team reports battery life of at least nine months. The company emphasizes usability and simplicity versus cheaper Chinese alternatives and more expensive premium competitors. Target markets include the UK (especially London), France, other large European countries, and the USA. Monimoto reports €340,000 revenue for 2018 and says it escaped a negative cash flow at the end of 2018. Current plans focus on US market development, improving device connectivity, obtaining FCC certification, and scaling marketing and sales. Monimoto is a Vilnius-based startup building a stand-alone, fully autonomous smart alarm system for motorcycles and other mobile properties. The device combines GPS, GSM/3G, Low Energy Bluetooth and other technologies to deliver smartphone alerts and easy user installation without subscriptions or professional services. The product targets motorcycles, boats, engines, cars and lawn mowers and is positioned as simpler and cheaper than existing trackers or costly alarm subscriptions. The company initially self-funded development, ran an Indiegogo crowdfunding effort that failed and refunded backers, and subsequently raised €50K+ from Aurelijus Rusteika’s Delta Investment at a reported €150K+ valuation. Monimoto plans to ship its first commercial batch in April–May and to steadily increase production during the year. Primary target markets listed are Italy, Spain, UK, France, Germany and Lithuania, with sales through retail, motorcycle accessory stores and larger distribution partners.

Total raised

$1M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2021