GeoToll, Inc.

GeoToll creates a mobile phone-based payment solution that solves the issue of a non-existent universal transponder that works for all US Tollways.

  • Stage Full Product Ready
  • Industry Software
  • Location Cooper City, FL, USA
  • Currency USD
  • Founded January 2012
  • Employees 7
  • Incorporation Type S-corp
  • Website geotoll.com

Company Summary

GeoToll is a mobile payment technology company that designs, manufactures and distributes mobile electronic toll payment services that are secure, interoperable and cost-effective. The company has 10 patents granted, 11 patents pending, and is certified by OmniAir, the Tolling Industry's certification firm. GeoToll has completed large pilot projects with tollways in Colorado, Washington, Miami, and LA, and has one pilot underway in San Francisco.

Team

  • Mr. Johnson has extensive experience in launching, funding, and scaling high technology companies. Since 2005, he has been the president of three early stage companies: Cytonics, Atlas Spine, and Safewire, which he sold to Stryker in 2016. Ray also has extensive experience in fundraising and M&A with 15 successful transactions to his credit. Ray holds a BSEE degree from University of Michigan and an MBA from the Harvard Business School.

  • Wyatt Geist
    Founder and Chairman

    Mr. Geist is a serial entrepreneur with multiple successful business sales to Fortune 500 companies. He has a track record of inventing, developing, and launching disruptive technology products. Wyatt has developed and patented over 100 products and services.

  • Richard K. Carrier
    CEO

    Mr. Carrier has extensive experience working with tolling agencies. He is the Founder of Law Enforcement Systems, Inc., a leading provider of delinquent account collection and information services to tolling and parking violations agencies in the US and Canada. Richard is a subject matter expert in best practices for tolling back office operations, billing, and collection services. Richard holds an MBA from Gabelli Graduate School of Business.

  • Jaime Borras
    CTO

    Mr. Borras is a pioneer and innovator in the wireless telecom industry with over 30 years of experience in research and development, business, and intellectual property. Jaime served as a Motorola Senior Fellow, Corporate VP and CTO of iDEN Mobile Devices. He played leading technical management roles at Wireless Silicon Group, Inc. and the Mobile Technology Consortium. Jaime has 70 US utility patents and over 50 publications to his credit.

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