Innovative Technology For Transportation
About this raise
Innovative Technology For Transportation (ITFT) is raising funds on StartEngine. The company is using its patented technology to develop a safe driving system that allows users to program alerts. ITFT’s technology, Soteria, notifies users when drivers drive recklessly, overspeed, or use their cellphone while driving and also helps prevent such behaviours. The company started using its technology with school buses and plans to expand to commercial vehicles, fleets, and other automobiles. Matthew Godley founded Innovative Technology For Transportation in June 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for the development of its prototype, development of the mobile app, government consulting, marketing, salaries, debt repayment, travel and meetings, and working capital.
Investment Overview
Deal Terms
- Platform
- StartEngine
- Start Date
- 01/06/2017
- Close Date
- 04/29/2017
$50,000
$1,000,000
$200
Equity - Common
Early Stage
RegCF
$10.00
Company & Team
Company
- Year Founded
- 2013
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Location
- Davidson, North Carolina
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2015
- Monthly Burn
-
$527
as of FY2015
-
Runway
-
0 months
as of FY2015
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2017 | StartEngine | - | - | Equity - Common | Funded | RegCF |