The company had previously raised funds from Saurabh Nayyar (Docbel Group).
Founded by Sumit Roy, Kapil Rao, and Narendra Kumar Verma, the Delhi-based deep-tech smart mobility firm plans to use the funds to increase its team size, build production capacity, and for research and development of technologies for vehicle safety.
“We are about 1.5 years old but have made great progress in bringing our technology from the R&D phase to commercialisation while keeping it entirely indigenous and controlling the entire value chain of the tech, from design and development to manufacturing. We already have multiple clients in the automotive domain, which include 2-wheelers, 3-wheelers, and even large commercial vehicles in both EV and IC engine domains,” said Sumit Roy, founder of Six Sense Mobility.
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.
With the Indian government aggressively implementing new technologies in the mobility and transportation sector, the company said it could contribute significantly to these changes. For instance, the new GPS-based tolling system would entirely depend on intelligent technologies like the one Six Sense Mobility offers for it to be successfully implemented.
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Six Sense Mobility has crafted its technology for multiple use cases in automotive safety, security, and maintenance. For instance, the company’s 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.”Six Sense is one of the few companies in the telematics space that are 5G ready with a very strong customer traction. Satellite based tolling system, connected cars, efficient logistics, pay as you go insurance all require strong telemetry technology and Six Sense devices are already seeing strong adoption across these customers. We at Piper Serica are excited to back this deeptech company having a great founding team and a strong customer traction,” said Ajay Modi, Director, Investments, Piper Serica Angel Fund.
The company’s advanced tracking and immobilisation technology communicates with multiple satellites, including the USA-owned GPS satellites, the Chinese BeiDou satellites, the Russian GLONASS satellites, and even the Indigenous NAVIC satellites launched by ISRO. This provides complete and precise tracking capabilities, as well as remote immobilisation capabilities, making users’ assets safe and secure.
