Mumbai-based Piper Serica VC, an angel investment firm, contributed Rs 6 crore to the seed round of Six Sense Mobility, a smart mobility company. The business had previously received funding from the Docbel Group’s Saurabh Nayyar.
The money raised will go toward expanding the team, enhancing production capabilities, and conducting research and development on vehicle safety-related technologies.
The Delhi-based startup was founded by Sumit Roy, Kapil Rao, and Narendra Kumar Verma. It creates IoT-based gadgets that improve driving security through the use of AI and machine learning.
The connected car market is predicted to grow from approximately $75 billion to $165 billion by 2029, so the company intends to expand quickly in both Indian and international markets in the coming years.
Six Sense Mobility has designed its technology to be used in a variety of automotive security, safety, and maintenance scenarios. Its crash detection technology is capable of identifying collisions and quantifying their force. By precisely locating the accident, it can triangulate and send out an SOS message, potentially saving lives and valuable time.
