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Automotive OEM enterprise sales cycles require four to five months

Anup Naik · Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k · Apr 9, 2022 · at 11:01

Anup Naik, co-founder of connected vehicle startup Zelliot, explains why his company prioritizes engineering staff over large direct sales teams.

0:00 / 0:20exact quote · 20.3s
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“The reason we have small team, because we rely on large accounts, which take, let's say four, five months to you know, convert these auto OEMs or these large enterprises, they don't close in a matter of days. You have to do POCs. You have to do a lot of stuff behind the screen. So it takes roughly about four to five months to close.”

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More from Anup Naik

Disclosure
Zelliot SaaS pricing averages around $1 per vehicle monthly
“Typical SAS costing is somewhere around a dollar or so, but you can't, you know, really hold on to that.”
Anup Naik Apr 9, 2022 ▶ 2:47 Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k
Assertion Not checkable as stated
100,000 vehicles are currently running Zelliot's mobility software
“See a 100,000 vehicles are using our software.”
Anup Naik Apr 9, 2022 ▶ 4:09 Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k
Assertion Not checkable as stated
Zelliot generates close to $100,000 per month in revenue
“The average revenue run rate has been close to a 100,000 dollars per month.”
Anup Naik Apr 9, 2022 ▶ 4:19 Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k
Disclosure
Zelliot sells approximately 14% equity in Bosch seed round
“So we sold around 14% of the business.”
Anup Naik Apr 9, 2022 ▶ 6:04 Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k
Disclosure
Zelliot sources all debt capital from hardware partner iTriangle
“We have a partner company called I triangle who, you know, kind of supplies a telematics device or the IOT devices. So kind of we raised entire debt from them. We did not go outside of them.”
Anup Naik Apr 9, 2022 ▶ 7:14 Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k
Disclosure
Roughly 10% of Zelliot's enterprise customers are vehicle manufacturers
“Manufacturers, roughly, 10% of them.”
Anup Naik Apr 9, 2022 ▶ 9:09 Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k
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