LegitCar aims to solve the problem of vehicle theft in Nigeria by providing automated vehicles theft-status check for individuals and businesses. The ultimate aim of this service is to ensure that stolen vehicles cannot be successful resold to innocent car buyers, or used successfully by someone else; thus we intercept these stolen vehicles at the point of resale, maintenance, etc. serving as an effective vehicle-theft deterrent, and making our communities and country a safer place.
For this to be possible, having a good database of missing vehicles in the country is a pre-requisite, and so far we have different sources of data acquisition which include Insurance Companies, Vehicle Recovery Companies, and Law Enforcement.
So we already have a web application at www.legitcar.ng where individual car buyers can visit with the chassis number of the vehicles they are about to purchase and do a theft-status check for N1,000. For businesses and enterprise users, we have made available to them our APIs and charge an average of N700 per hit depending on the number of API hits purchased, to enable them seamlessly perform the theft-status checks without even visiting our web application.
Our objective is to be the biggest player in the Nigerian Vehicle Security market which is worth about $3 billion and then scale to other countries in Africa with similar vehicle theft problems as ours.