BYTES Funding: See How This Startup Is Set Revolutionize Two-Wheeler Safety

In a world where road safety continues to be a global concern, an innovative startup based in Bengaluru is on a mission to dramatically reduce the number of fatal accidents on two-wheels. Meet BYTES – India’s first AI-powered Advanced Driver Assistance System (ADAS) designed specifically for two-wheeler mobility. With the increasing number of road accidents involving two-wheelers, BYTES is poised to introduce cutting-edge technology that could transform the way we think about road safety.

This promising startup has emerged from stealth mode and announced a significant milestone – securing funding from Nikhil Kamath’s WTFund as part of its second cohort for 2024. This major investment is a crucial step forward for BYTES in its ambitious quest to make roads safer and reduce the alarming accident rates among two-wheeler riders.

TICE get you inside details of this funding round. 

BYTES Funding

Every year, over 50 million road accidents occur worldwide, with two-wheelers accounting for a staggering 60% of these incidents. Unfortunately, the two-wheeler segment bears the brunt of road fatalities. It’s not just about accidents, but the severity of them. Studies show that human error contributes to 90% of these crashes, and the lack of robust safety features increases the risk of fatality by 40%.

The situation calls for an urgent intervention, and BYTES is stepping up to tackle this pressing issue. With its AI-powered ADAS for two-wheelers, the company is bringing futuristic technology to everyday riding, with the potential to save countless lives.

BYTES’ Vision: Paving the Way for AI-Driven Road Safety

At its core, BYTES is driven by a mission to make two-wheeler mobility safer, smarter, and more secure. The startup has developed a vision-based AI safety system that can predict and prevent accidents before they even happen. By using advanced computer vision and machine learning algorithms, the system detects high-risk situations in real time and provides proactive assistance to riders. This could be a game-changer in preventing collisions and fatalities, especially in the high-risk environment that two-wheelers often operate in.

Speaking about the company’s mission, Prakhar Agrawal, Co-founder and CEO of BYTES, shared, “At BYTES, our mission is to create a future where no two-wheeler accident results in a preventable loss of life. AI and vision-based intelligence will play a crucial role in ensuring that safety isn’t an afterthought but an integral part of riding.”

Validation and Strategic Funding

The support from WTFund is a testament to the potential of BYTES’ technology. Aayush Kumar, Co-founder and COO of BYTES, emphasized the importance of this funding, saying, “The support from WTFund is a strong validation of our work and will accelerate our efforts to bring AI-powered safety to millions of riders. Our focus is to bridge the safety gap for two-wheelers with a scalable, technology-first approach.”

This funding marks an important moment in BYTES’ journey, allowing the company to scale its operations and bring its AI-powered ADAS to the market. The startup is now gearing up to launch pilot programs with leading two-wheeler Original Equipment Manufacturers (OEMs) in India. These pilots will serve as real-world use cases to test and refine BYTES’ innovative safety system before mass adoption.

Accelerating Road Safety: The Future of Two-Wheeler Mobility

The backing from key investors and incubators such as IIMB’s NSRCEL, NVIDIA’s Inception Program, Microsoft for Startups, and the Wadhwani Foundation has set the stage for BYTES to become a leader in two-wheeler safety. With the newly secured funding, BYTES is set to embark on a major growth phase. The company is also preparing to close its Pre-Seed funding round in the next couple of months. This will further fuel product development and enable the company to deploy its technology at scale.

As part of this upcoming phase, BYTES is also focusing on refining its AI technology to ensure it can handle real-world challenges. The company plans to collaborate with key players in the two-wheeler industry to perfect its systems before they become a standard feature in the motorcycles of tomorrow.

BYTES: A Glimpse Into the Future

With its AI-powered ADAS, BYTES is positioned to not only transform the two-wheeler industry but also contribute significantly to making Indian roads safer. In a country like India, where two-wheelers are a dominant mode of transport, the potential to reduce accidents and save lives is immense.

As Nikhil Kamath of WTFund notes, “BYTES is a standout example of how technology can solve real-world problems. We are excited to support their vision of making two-wheeler mobility safer and smarter.”

As India and the world race toward smarter, more connected transportation solutions, BYTES stands at the forefront of this revolution, with its sights set on changing how we think about road safety.

What Lies Ahead?

The road ahead for BYTES is filled with opportunities, and the support from investors and partners is paving the way for the company to lead the charge in AI-driven road safety. By leveraging the power of AI, computer vision, and advanced algorithms, BYTES aims to create an ecosystem where no rider is left vulnerable to preventable accidents.

The future of two-wheeler mobility is on the brink of a major transformation, and BYTES is set to play a pivotal role in shaping that future. With its innovative approach to safety, this Bengaluru-based startup is poised to make a lasting impact, not only on the two-wheeler industry but on global road safety standards.

As the company continues its journey of development and scaling, it will be exciting to see how this breakthrough technology changes the lives of riders and contributes to the broader mission of reducing accidents and fatalities worldwide. BYTES is more than just a startup; it's a movement that aims to make the roads a safer place for all.

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