LegitCar By making stolen cars difficult to resell, we make them easier to find

Everyday in the world people’s cars go missing, here in Nigeria and elsewhere in the world. These cars are forcefully taken away from people at gunpoint (some people lose their lives in the process) or they just disappear from the parking lots; and most of it are still resold to other people who don’t know these cars are stolen. Our solution, LegitCar, was developed to prevent this resale from happening. We sincerely believe that if we make it impossible for stolen cars to be resold, with time we will be making that line of business unattractive for thieves, and as such make our world a little bit safer.
We are building a database of all missing cars in Nigeria and are enabling car buyers search the database for a small fee to ensure that the cars that they are about to purchase are not listed as one. But if a match is made, they get to see the information of the original owner and get a cash reward if they help reunite the owner with the car. Thus, we aim to impact our world.

Fundraising

This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.

Idea

We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We have a revolutionary new idea that will change the rules of the game.
We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We have a revolutionary new idea that will change the rules of the game.

Since most of the cars stolen from people are resold to others who don't know they are stolen, we are building a database of all missing cars in the country and will enable car buyers search this database for a small fee to ensure that the vehicles to be purchased are not listed as stolen. This search could be online or offline (SMS based).

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

1. Okeke Vincent C. 29 years Old BA Philosophy University of Uyo, Uyo, Nigeria 2. Ukpong, Inimfon 27 years Old University of Uyo, Uyo B. Eng. Computer Engineering 3. Ogbujimma, Samuel 28 Years Old University of Uyo, Uyo. B. Eng Computer Engineering


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

The product is currently at the demo stage where users can register their missing cars on our database, and also use the verify feature. But the payment feature is yet to be included because customers need to be acquainted with the product first.

Revenue

We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We plan to monetise our offering in the next phase.
We plan to start by building a community of passionate customers. We will earn revenue from an advertising model. We have a cash-flow prognosis. We plan to monetise our offering in the next phase.

People will have to verify the cars they are about to buy by searching the database for a fee; Patnerships and adverts will also bring income. We have projected that once our partnerships and publicity is done, we will be getting at least 5,000 users daily. About 1,000 of these users will be willing to use the 'Verify' feature for a fee of about $1 per search. This translates to at least $15,000 per month in income, inclusive of income from the mobile application users.

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates