Local Startup GPS Tracker Fox Logger Planning IPO

Fox Logger’s tracking system (GPS) provider company is finalizing plans for an IPO or listing on the Indonesian stock exchange, Fox Logger CEO Alamsyah said.

For your information, Fox Logger is an IoT-based GPS tracker solution company that offers a one-stop solution for individual or corporate clients.

Mentioned, the accuracy of the Fox Logger GPS Tracker in vehicle monitoring has supported productivity, effectiveness and efficiency for customers.

“I feel happy and proud, at the age of 6 Fox Logger not only dominates the national GPS tracker market but serves many segments, from individuals, corporates, to government institutions,” said Alamsyah.

He said the company is currently in the process of seeking venture capital to increase the competitiveness and reach of Fox Logger.

Not long ago, Fox Logger also received the 2021 Mandiri Young Entrepreneur award for the technology category. Fox Logger set aside more than 5,450 young foreign entrepreneurs who registered in five categories.

Alamsyah said that this award made Fox Logger even more enthusiastic to take the floor on the stock exchange. “This award makes us even more excited and confident in finalizing the IPO plan on the Indonesia Stock Exchange,” said Alamsyah.

Get the 2021 Independent Young Entrepreneur Award

Meanwhile, WMM 2021 jury member Dedi Cahyadi said that the selection of Fox Logger as the first winner for the technology category was inseparable from its strength and performance as a provider of IoT-based vehicle tracking systems and other mobile assets.

“Fox Logger’s growth is impressive, on average it can reach 30-50 percent annually. They also have a digital ecosystem that can be linked to the digital banking service ecosystem,” said Dedi Cahyadi.

Dedi also said that the future of Fox Logger as a company is quite promising considering that Fox Logger is not only concerned with monitoring vehicle trips.

According to him, as a digital application, Fox Logger can be used for various needs, such as mapping and measuring efficiency in various fields, such as logistics, security systems, tools, and agricultural machinery.

Dedi also advised Fox Logger to expand market coverage by penetrating potential markets and offering targeted value to customers.

Help Alamsyah to Become One of the Winners of WMM Capital League 2021

Bank Mandiri continues to be committed to supporting the birth of creative and innovative young entrepreneurs who can actively contribute to the Indonesian economy. 

This time, Mandiri Young Entrepreneurs (WMM) presented three inspiring young entrepreneurial champions at the 2021 WMM Capital League Grand Final.

Appearing as the 1st place (Capital Champion) is Aminudi, an animal feed entrepreneur from organic waste with the business name Biomagg from Depok.

Meanwhile, Syukriyatun Niamah, a furniture provider made from recycled plastic materials with the business name Robries from Surabaya as the 2nd winner, and Alamsyah, with the Fox Logger brand from Jakarta as the 3rd winner.

The three became the best after eliminating 2 other finalists in the Grand Final of the WMM Capital League 2021 as well as more than 5,450 young business actors who registered in five categories, namely the trade and service industry (IPJ), culinary, creative, social and technology categories at the WMM 2021 event.

Rohan added that the consistency does not only stop at the competition stage, but continues at the mentoring stage, business development, and also the business promotion of the WMM finalists.

Rohan explained that this year’s WMM winner selection process was unique and different from previous years. With the theme “Livin The Dream”, WMM carries the concept of the Capital League which challenges all finalists to compete and struggle to get as much capital rewards as possible with a total reward of 2.5 billion rupiah.