Super high level thoughts off me at moment:
For:
Improved granular location service, firms like Mercedes, Ford etc already picking up for their in car GPS, plus emergency services & others. No data connection needed to work, improved mapping in cities & countryside areas with poor signal.
Several rounds of VC investors already demonstrating external parties believe in the product
Against:
No financials in pitch deck, company currently making loss, not sharing path to profitability (threads asking for this, so may change status to plus dependent on information received)
Investors will receive ordinary shares, prior investors have received preferential shares in the event of a loss
High valuation/share price for a loss making company
No potential exits outlined
No details on growth in API use showing user rise or fall
So a few red flags at the moment, dependent on further information being received - at the moment they simply aren’t providing enough information to make an educated decision IMO
None of this is advice btw just my thoughts out loud…