News on Medial

Piper Serica invests in Six Sense Mobility

Entrackr · 4m

Smart mobility company Six Sense Mobility has raised Rs 6 crore in its seed round from Piper Serica VC, an angel investment firm based in Mumbai. The company had previously raised funds from Saurabh Nayyar (Docbel Group). The proceeds will be used to increase its team size, build production capacity, and for 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 enhance driving security. The company plans to scale rapidly in Indian and foreign markets in the next few years as the connected cars market is expected to reach $165 billion by 2029 from about $75 billion. Six Sense Mobility has crafted its technology for multiple use cases in automotive safety, security, and maintenance. Its crash detection technology can detect collisions and measure their impact. It can dispatch emergency SOS services by triangulating the exact location of the accident, thereby saving precious time and potentially saving lives.