The company plans to add more features to its gadget, will expand its workforce and raise $10 million in venture capital fund.
Exploride, a start-up that has developed a hands-free display device for cars, has raised more than half a million dollars in pre-orders within 40 days of its international launch.
"Raising a whopping $512,718 in 40 days for a start-up is a feat achieved by no other company in India," said Sunil Vallath, founder and chief executive of the company.
The cutting edge small and portable product sits on the dashboard of cars and provides a safer and smarter navigation advice.
It also has voice activated navigation that reminds the driver to take direction every time.
One can take phone calls or decline them, raise or lower the volume and cancel the noise with simple hand gestures. Not only that, the device shows speed, tyre pressure, fuel and other engine stats.
Sanjay Vijayakumar. Chairman, Kochi Start up village said that this is the fourth successful global crowd funding campaign, a phenomenon that is now recognized and taught at IIM-Ahmedabad as a case study.
The product has featured in magazines like Tech in Asia, Automoblog, Carscooops, CNET and Digital Trends.
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