【AEA 2016 Alumni】
Omnimatics Sdn Bhd is an early stage startup focused on connected cars. Based out of Kuala Lumpur, Malaysia, Omnimatics is building its flagship product, CARdio™ – a FitBit for Cars! In the same way that FitBit quantifies various metrics of the human body to help individuals improve their health and lifestyle, CARdio™ is designed to do the same for car owners by helping them solve various problems associated with driving.

We are engaged with automotive manufacturers, and are poised to initially roll out to the B2B market in the 2nd half of 2016. There is potential revenue of up to RM1.4 million (USD 350,000) in the first year alone, and more so once we hit the consumer market via motor insurance telematics – which is a multi-billion ringgit industry by itself. By capturing even just 5% of the market share of cars produced and sold in Malaysia annually (30,000 cars), Omnimatics will be looking at revenues of at least RM15 million ringgit (USD3.75 million). Once the company matures and is ready to open operations in other countries in South East Asia, Omnimatics will be able to generate 2 – 3x more revenue at similar market share of 5% in those respective countries.

https://cardio.my/