Six Sense Mobility is a deep tech smart mobility company that raised Rs 6 crore in its seed funding round led by VC firm Piper Serica. The funding round had the participation of different new and existing investors. The startup previously raised funds from Docbel Group’s Saurabh Nayyar. The company plans to use these fresh proceeds to scale its operations, increase its workforce, enhance its production capability, and develop innovative solutions for vehicle safety.
The startup was co-founded by Sumit Roy, Narendra Kumar Verma, and Kapil Roy to develop IOT-based solutions to enhance vehicle driving safety. The platform uses advanced technologies and Artificial intelligence to provide solutions. The company intends to use some of this investment in research and development of technologies to improve driving safety. The startup also serves in the automotive sector including 2-wheelers, three-wheelers, and large commercial vehicles in internal combustion engine and electric vehicle sectors. The company provides several applications in the automotive industry from safety, security, and maintenance. The Mobility startup offers a crash detection system designed to detect and identify collisions and send emergency SOS services by locating the exact location of the accident.
The development came just when the smart Mobility sector saw increased investor interest. The company aims to scale rapidly and expand its services, as the connected car market is expected to reach $75 billion to $165 billion in the next five years. The advanced tracking system of Six Sense Mobility interacts with satellites of other countries including the USA’s GPS, India’s NAVIC, and China’s BeiDou. The company claims to enhance asset security by providing precise tracking and remote immobilization. The smart mobility startup plans to improve the deep-tech mobility ecosystem.
The director of the Investment firm, Piper Serica VC, Ajay Modi showed his trust in the company’s business model and highlighted that the deep-tech company is one of the very few companies in the telematics space with strong customer traction and a great founding team. The startup’s approach to improving vehicle safety using advanced technologies and machine learning algorithms sets it apart from other smart mobility companies. Six Sense Mobility was incubated by IIT Delhi and received funding from the Ministry of Electronics and Information Technology. The company competes with other smart mobility firms in the same segment.
Conclusion:
Six Sense Mobility is an IIT Delhi incubated smart mobility startup that secured Rs 6 crore in its ongoing seed funding round from the Piper Serica VC with the participation of other investors. This startup aims to use this investment to strengthen its market presence, enhance its research and development department, and expand its network in the country. Six Sense Mobility intends to use this amount to scale up its R&D team and develop smart mobility solutions. This smart mobility startup uses several technologies, artificial intelligence, and machine learning algorithms to create IoT solutions. The company develops multiple mobility applications to ensure the safety and security of vehicles.
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