Rider Dome – a Singapore-based company specializing in AI-driven safety solutions for motorcycle fleets and riders – announced the successful completion of a $2.3 million seed funding round. Participating in the round were private angel investors Goldbell (a prominent Singaporean venture capital firm) specializing in mobility and Radha Rani Holdings Family Office based in Singapore.
Launched by Yoav Elgrichi, Kineret Karin, and Guy Ron, Rider Dome positioned itself at the forefront of motorcycle safety innovation.
Rider Dome recognizes a surge in demand from motorcycle fleets seeking safety and monitoring solutions to enhance rider safety and reduce the costs associated with accidents like soaring insurance premiums and decreased productivity. And this demand is particularly pronounced as businesses operating motorcycle fleets recognize the need for advanced safety measures to mitigate risks and safeguard their riders.
Along with fleet demand, Rider Dome is also seeing major interest from cities aiming to enhance safety measures for the large motorcycle fleets navigating their roads. And as urban environments experience a major increase in two-wheeled transportation, municipalities and city planners are actively seeking safety solutions to ensure riders’ well-being and their communities’ safety.
During a time when Advanced Driver Assistance Systems (ADAS) have become standard in cars, Rider Dome aims to revolutionize the motorcycle safety landscape, addressing a significant technological gap. And the company utilizes the power of AI to effectively reduce motorcycle accidents and enhance overall safety for riders, focusing on the needs of large motorcycle fleets.
Rider Dome has already made major strides, serving large motorcycle fleets globally, including notable clients like Coca Cola, Singapore Post (SingPost), The City Council of Barcelona, etc. The company’s technology is making a tangible impact in various sectors that uses motorcycles as part of their operation including logistics fleet, delivery service, motorcycle rental, ride sharing, and emergency services.
KEY QUOTE:
“With the strategic partnership of our investors, Rider Dome not only gains financial support but also taps into a wealth of experience and market understanding within the automotive industry. Our investors play a prominent role with a vast network that extends far and wide.”
- CEO Yoav Elgrichi
