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Disclosure certainty 4/5 debate potential 1/5

Zelliot raises roughly $150,000 in debt financing

Anup Naik · Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k · Apr 9, 2022 · at 5:43

Anup Naik, co-founder of connected vehicle IoT platform Zelliot, explains his company's prior debt capitalization structure to Nathan Latka.

0:00 / 0:04exact quote · 4.5s
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“We have raised some debt funding of close to 150,000 dollars.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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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