Mobility safety startup raises $1m to help prevent motorcycle accidents

Singapore-based mobility startup Rider Dome announced it has raised US$1 million in pre-seed funding.

Rider Dome co-founder Yoav Elgrichi / Photo credit: Rider Dome

The company plans to utilize the capital raised to enhance its product’s capabilities and build greater awareness about its offering.

Rider Dome has developed a collision alert system that aims to make riding motorcycles safer. The system utilizes algorithms combining computer vision and deep learning to analyze real-time video feeds from the front and rear cameras mounted on a motorcycle, providing riders with real-time alerts on critical threats on the road to prevent accidents.

The company is currently focusing on providing its safety systems to large delivery fleets and motorcycle manufacturers in North America, Europe, and Asia.

Founded last year by Yoav Elgrichi and Kineret Karin, the founders of the ImpacTech accelerator, the company wants 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.

“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,” CEO and co-founder Elgrichi said.