Rider Dome, a Singapore based tech start-up that has raised pre-seed funding of $1 million, has developed Rider Dome, a Computer Vision AI-based collision alert system providing motorcycle riders with real-time alerts against critical threats on the road to prevent accidents before they happen.
Founded in 2020 by the founders of ImpacTech accelerator, Yoav Elgrichi and Kineret Karin, the Singaporean mobility start-up's vision is to focus on the unique needs of the fast-growing motorcycle delivery fleets that have become a significant micro-economy in every city across the world and are considered to be among the more dangerous jobs.
The company adds that while cars have had a quantum leap in safety technology due to the usage of Advanced Driver Assistance Systems (ADAS) and automobile accidents have decreased significantly in the past few years, motorcycle safety has been neglected and left behind.
Rider Dome, with its Advanced Riding Assistance (ARAS), aims to make a change in motorcycles safety by utilising advanced algorithms combining computer vision and deep learning, to analyse real-time video feeds from the front and rear cameras mounted on the motorcycle, and thereby detect safety risks and imminent danger to the rider.
The company is currently focusing on providing its safety systems to large delivery fleets and motorcycle manufacturers in North America, Europe, and Asia.
Rider Dome plans to raise round A and invite interested VCs to approach. The company plans to utilise the capital raised to enhance the product's capabilities and build greater awareness surrounding their offering to global fleets, manufacturers, and transportations regulators.
In a statement, Yoav Elgrichi, CEO and Co-founder, Rider Dome, said, 'With a global market of over 300 million motorcycles and growing safety demand from delivery fleets, our goal is to become a global leader in motorcycle advanced safety solutions. We believe that it is only a matter of time until automotive regulators start enforcing riding safety solutions for delivery/logistics fleets, and Rider Dome aims to be a market shaper in the domain.'