Bengaluru-based AI-driven startup BYTES has emerged from stealth mode and secured a ₹20 lakh non-dilutive grant from Nikhil Kamath&rsquo;s WTFund as part of its second cohort for 2024. The funding will accelerate the company&rsquo;s mission to enhance road safety through cutting-edge AI and computer vision technology.
Pilot Programs with Leading Two-Wheeler OEMs
The fresh capital will be used to launch pilot programs with top two-wheeler manufacturers, integrating BYTES&rsquo; AI-powered Advanced Driver Assistance System (ADAS) into real-world scenarios. The startup aims to revolutionize two-wheeler safety with its proprietary vision technology and real-time accident prevention system.
Revolutionizing Road Safety with AI
Founded in August 2024 by Prakhar Agrawal and Aayush Kumar, BYTES has developed a specialized ADAS for two-wheelers, providing real-time alerts and partial control capabilities during critical situations to prevent accidents. The startup is backed by notable organizations, including:
&nbsp;&nbsp;&nbsp;&nbsp; i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WTFund
&nbsp;&nbsp; ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IIM Bangalore&rsquo;s NSRCEL
&nbsp; iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NVIDIA&rsquo;s Inception Program for Startups
&nbsp; iv.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microsoft for Startups
&nbsp;&nbsp; v.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wadhwani Foundation
Addressing a Global Road Safety Crisis
Market research highlights the urgent need for advanced two-wheeler safety solutions, with key findings including:
&nbsp;&nbsp;&nbsp;&nbsp; i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Over 50 million road accidents occur annually, with two-wheelers involved in 60% of them.
&nbsp;&nbsp; ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90% of crashes result from human error.
&nbsp; iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The lack of robust safety features increases fatality risks by 40%.
BYTES envisions a future where no two-wheeler accident leads to a preventable loss of life, leveraging AI-driven solutions to bridge the safety gap.
WTFund&rsquo;s Support for High-Impact Startups
WTFund provides up to ₹20 lakh in grant funding, along with mentorship and strategic partnerships, to help high-impact startups scale. BYTES&rsquo; inclusion in its latest cohort underscores its potential to disrupt the two-wheeler mobility sector with AI-driven safety innovations.
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Source : startupro.in

Bengaluru-based AI-driven startup BYTES has emerged from stealth mode and secured a ₹20 lakh non-dilutive grant from Nikhil Kamath’s WTFund as part of its second cohort for 2024

AI-Powered Two-Wheeler ADAS Startup BYTES Secures ₹20 Lakh Grant from Nikhil Kamath’s WTFund