Altor Smart Helmet is an Indian startup pioneering the manufacturing of smart helmets for two-wheeler riders. This innovative venture was showcased in Season 1 Episode 9 of Shark Tank India.
On this page
Altor Smart Helmet net worth
Altor Smart Helmet’s net worth stands at $866K as of February 2022, reflecting its valuation in the market and potential for growth.
During its appearance on Shark Tank India, Altor Smart Helmet sought an investment of ₹50 lakhs for a 5% equity stake.
Ultimately, they secured a deal of ₹50 lakhs for a 7% equity share, with investors Namita Thapar and Aman Gupta expressing confidence in the company’s vision.
Also read – Let’s Try snacks net worth After Shar Tank, Owner, Sales
Altor Smart Helmet After Shar Tank
As Altor continues to innovate and expand its market presence, the trajectory for growth appears promising.
With a strong emphasis on safety, connectivity, and user experience, Altor Smart Helmet is poised to address the pressing need for enhanced safety measures in the two-wheeler segment.
Business Metrics and Competition
Founded in 2018, Altor operates in the high-tech and auto tech segments of the B2C market.
Despite its seed-stage status, the company has shown promising growth, with a valuation of $866K as of February 2022.
With annual revenue reaching $2.41K as of March 2022, Altor ranks 16th among 77 competitors, highlighting its position as a formidable player in the industry.
Founders and Investors
The brainchild of Shamik Guha, Sayan Tapadar, Muhammad Bilal Shakil, and Anirban Datta Gupta, Altor Smart Helmet embodies a blend of software and hardware expertise.
Under the umbrella of Pressus Technologies Pvt Ltd., the startup has attracted investments from notable entities such as Venture Catalysts, KIIT TBI India, and IIIT Hyderabad India, totaling $158K in funding.
What is Altor Smart Helmet?
Established in 2018 in Bangalore, Karnataka, Altor Smart Helmet represents India’s first foray into smart helmet technology, poised to redefine the landscape of the two-wheeler market.
This cutting-edge helmet serves as a connected mobility key for the modern generation of riders, offering features such as connectivity, touch gesture controls, audio navigation, integration with Google Assistant, accident detection, ride analysis, and ISI certification.
Equipped with sophisticated technology, the Altor Smart Helmet provides preemptive safety measures by leveraging vehicle data to anticipate potential accidents.
Moreover, its robust construction ensures optimal protection for the wearer in the event of a collision.
