Smart mobility company Six Sense Mobility has raised about $714,285 (Rs 6 crore) in its seed funding round from Mumbai-based angel investment firm Piper Serica VC.
The company had previously secured funding from Saurabh Nayyar of Docbel Group.
The company will use the proceeds to expand its team, enhance production capacity, and research and development of technologies for vehicle safety.
Founded by Sumit Roy, Kapil Rao, and Narendra Kumar Verma, the Delhi-based startup develops IoT-based devices using AI and machine learning to make driving more secure.
“We are about 1.5 years old but have made great progress in bringing our technology from the R&D phase to commercialization while keeping it entirely indigenous and controlling the entire value chain of the tech, from design and and development to manufacturing. We already have multiple clients in the automotive domain, which include 2-wheelers, 3-wheelers, and even large commercial vehicles in both EV and IC engine domains,” said Sumit Roy, founder of Six Sense Mobility.
The company plans to scale rapidly in Indian and foreign markets in the next few years.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from August 13-15, 2024.
