StartEngine is a well-known equity crowdfunding platform that has helped 37 companies go public. MaxTracker is a mobile GPS tracker and anti-theft device raising funds on the site, which means anyone can invest for a limited time.
MaxTracker believes all the most widely known high-end home security systems like ADT, SimpliSafe and Ring have one big blindspot: The security basically stops at the user’s front door. Home burglaries and break-ins are a problem, but even the best home security system can’t protect the homeowner’s valuables outside of the home. That’s where MaxTracker wants to change the game.
MaxTracker’s first security device, the MaxTracker Anti-Theft GPS Bicycle Security System, an anti-theft device inside a bike’s water bottle holder, had a strong debut on Indiegogo last fall. This motion sensitive, 5G LTE-enabled, waterproof GPS tracker allows bicycle owners to find their bikes just about anywhere in the world if they are stolen or lost. It also features a motion alarm and a battery life between six months and one year.
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Considering that many modern bicycles can cost thousands of dollars, it’s easy to see where the MaxTracker bike GPS package might be useful to their owners — and profitable for investors. It has an 80% profit margin and because the tracking would be a subscription service, every MaxTracker sold would generate ongoing revenue.
When the MaxTracker bike GPS debuted on Indiegogo, it generated over 400 preorders and hit its funding goal in one day. The company’s founders knew they might be onto something. They are currently working on two new models — the MaxTracker Ping and the MaxTracker Ping Plus — to complement their bike tracker. The new devices will be geared toward securing and tracking a wide range of items, which include:
- Golf clubs
- Computers
- Musical instruments
It could also be instrumental in helping people keep track of their loved ones and pets. Almost every parent has a recurring nightmare of being separated from their child in a crowded place like an amusement park or sports stadium. Many elderly are also at risk of falling and getting hurt. The MaxTracker Ping and MaxTracker Ping Plus both have the potential to help prevent these scenarios.
Considering the many usage applications, it’s not hard to see where MaxTracker has tremendous potential for investors. The opportunity to get in early on offerings like MaxTracker (and many others) is a big part of why StartEngine is such a popular platform. Not long ago, Atlis Motors raised at 29 cents per share on StartEngine then went public and closed at over $82 per share at the close of trading on its initial public offering date.
If you’re looking for high-risk, high-reward opportunities that are open to nonaccredited investors, equity crowdfunding platforms like StartEngine are a great place to begin your search. Anyone can invest in MaxTracker, but if you’re interested, you should act fast because there is limited time remaining to take advantage of this offering.
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