TSP Enterprises thinks it has the next big thing in pickup truck storage systems, and the Farmington Hills-based startup aims to bring its technology to market later this year.
TSP Enterprises principal product is advertised as a better way to haul small amounts of stuff in the back of a pickup truck. The small-yet-sizeable truck bed insert is made of durable plastic that forms a box to keep small items, like bales of hay or golf clubs, contained near the truck's tailgate. The company has been calling its product
The Pickup Tuck, though it might rebrand. Check out a video of how it works
here.
"It keeps your truck bed contained, neatly organizes, and secure," says Carlton Powell, president & CEO of TSP Enterprises. "They are also easily accessible from the tailgate when parked."
TSP Enterprises is looking to raise $350,000 in seed capital to help perfect product development and create the molds for manufacturing. It has been pitching the product at local angel groups and business plan competitions like Great Lakes Angels.
The TSP Enterprises team hopes to close on the seed round later this spring. The plan is to start marketing and selling the product in the third or fourth quarter of this year.
"We're making this a cargo-management system for the light- to medium-duty pickup truck," Powell says.
Source: Carlton Powell, president & CEO of TSP Enterprises
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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