David Belmore
Boston / Assonet, MA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Wheeltrak Inc
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Startup
Location:
Boston / Assonet
Industry:
Automotive
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
According to AAA, a set of wheels and tires are stolen in this country every 96 seconds. The average cost of a Modern vehicle's wheels and tires is now over $5000. Because vehicles today are more difficult to steal, thieves are now only targeting valuable components like Rims, and catalytic converters. These items are valuable and easily sold by thieves through popular online sites like Ebay and craigslist. The FBI estimates in 2014 this type of crime cost dealerships and consumers over 8 billion dollars. less than 20% of these crimes are ever solved. the reason cited for this is that there was no way to identify the components or prove what vehicle they came from, until now. Wheeltrak has developed and patented a portable marking system that permanently marks these components. we will distribute our system to new car dealers nationwide who will in turn sell the marking service and benefits to their retail customers. Wheeltrak provides tracking and recovery benefits as well as additional insurance in the unlikely event of a wheel theft from one of our customers. for more detailed information, check us out at (URL removed)