Bangalore based AptEner Mechatronics has now revealed that is raising Series A round of funding of Rs 10 crore which is led by the KITVEN and Investus India.
AptEner Mechatronics had raised around Rs 4 crore in the pre-series A funding round. The new funding amount will be going to be used to provide the smart two wheeler accessories in the Indian market.
“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,” commented, PK Sundararajan, CEO & Founder, BluArmor.
AptEner is the creators of the BluArmor range of smart motorcycle gear like the BluSnap which is the world first snap on more refreshing for the full face helmet. BluSnap is now cover in more than ten countries which is as of now spread more than 4 continents. The company has also launched the BluRydr travel companion app that even auto creates shareable travel stories, with the help of route you take, the places you stop at, and the pictures and videos tagged to those places.
Picture Credits: Overdrive