AptEner Mechatronics announces Series A funding of INR 10 crore
• AptEner Mechatronics had raised about INR 4 crore in its pre-series A funding
• The company was earlier selected under the Karnataka government’s ELEVATE 100 programme
• The company will utilize the capital to provide smart two-wheeler accessories in the Indian market
Bengaluru, January 30, 2019: AptEner Mechatronics, a two-year-old Bangalore-based startup and creators of the ‘BluArmor’ range of smart multi-functional motorcycle gear that aims to provide 4-wheeler like comfort and safety to 2-wheeler riders, today announced a ‘Series A’ round of INR 10 Cr. led by Inventus India and KITVEN.
This development caps what has been an excellent twelve months for Team BluArmor. Over the past year, the team has successfully launched best-in-class hardware and software products targeted at rider-comfort and established a strong distribution chain in the domestic and international market.
The company has also launched the ‘BluRydr’ travel companion app that auto-creates shareable travel stories.
The company has also launched the ‘BluRydr’ travel companion app that auto-creates shareable travel stories. Using the route you take, the places you stop, and the pics and videos tagged to those places, BluRydr creates a travelogue that you can easily share with your friends. ‘BluRydr’ is a free download available on the Google Playstore.
PK Sundararajan, CEO & Founder, BluArmor
Commenting on the development, Mr PK Sundararajan, CEO & Founder, BluArmor said, “We are very excited that Inventus India and KITVEN are joining us for the next phase of BluArmor’s journey. We have a slew of feature-rich products in the pipeline and this capital will enable us to rapidly bring them to market, expand quickly and strategically, and deliver on our vision around the world.”
Mr Samir Kumar, Managing Director, Inventus India said, “In hot countries like India, Taiwan, etc. which have large 2-wheeler populations, riding with a helmet can be extremely uncomfortable. We believe PK's strong tech and business abilities, supported by a group of passionate bikers is capable of creating a successful smart 2-wheeler accessory company. We're excited to be partnering with this team.”