Altor Shark Tank India Season 1
Altor
The goal of Altor, a smart mobility firm, is to identify and avoid traffic accidents. It currently provides India’s first selection of intelligent headwear with. Through the use of technology, the Altor Smart Helmet will improve two-wheeler riding experiences and help to reduce bike accidents. Every day, several people in India lose their lives in two-wheeler accidents. Thus, perhaps these things can be improved with the use of this Altor Smart Helmet.
Founder of Altor
Bilal Shakil, Sayan, Shamik Guha, and Anirban Gupta from The Institute of Engineering and Management in Kolkata founded the smart helmet firm. 2019 saw the creation of Altor. The first line of smart headgear in India, Altor, aids in accident detection and prompt prevention. The team at Altor came up with this amazing idea after one of the founders’ closest friends tragically passed away in a bike accident and there was no available remedy at the time.
Altor Funding Round
Company Name | Altor |
Shark Tank India Season | 1 |
Episode No | 9 |
Season No | 1 |
Brand | Altor |
Idea | Smart Helmets |
Original Ask | 50 lakhs for 5% equity |
Deal | 50 lakhs for 7% equity |
Invested By: | Namita thapar and Aman Gupta |
At the core of Altor's pitch was a commitment to innovation and rider protection. Their smart helmets were equipped with features such as built-in communication systems, GPS tracking, and crash detection, providing riders with real-time information and added safety measures. Altor aimed to empower riders to make informed decisions and stay connected while prioritizing their safety on the road.
The Pitch:
Altor entered the tank with a mission to enhance motorcycle safety with its smart helmets. Their pitch centered on offering riders cutting-edge technology and advanced features to keep them safe on the road. With an original ask of 50 lakhs for a 5% equity stake, Altor aimed to capture the attention of the Sharks and secure the investment needed to expand their operations.
The Deal:
Impressed by Altor's vision and potential impact, Namita Thapar and Aman Gupta saw an opportunity to support a brand at the forefront of motorcycle safety. They made a strategic offer of 50 lakhs for a 7% equity stake, recognizing the value of Altor's innovative approach and the potential for growth in the motorcycle safety market. With Namita Thapar and Aman Gupta's support, Altor was poised to accelerate its product development, expand its market presence, and make smart helmets more accessible to riders.
Investors Behind Altor
Namita thapar and Aman Gupta: Altor enthusiastically accepted the offer from Namita Thapar and Aman Gupta, marking a significant milestone in their journey to enhance motorcycle safety. With the backing of experienced investors and access to valuable resources, Altor was well-equipped to continue innovating and providing riders with the tools they need to stay safe on the road.
Conclusion:
The success story of Altor exemplifies the importance of innovation and safety in the motorcycle industry. As they continue to develop and commercialize their smart helmets, Altor serves as an inspiration to riders and safety advocates alike. With Namita Thapar and Aman Gupta as strategic partners, Altor is poised to lead the way in motorcycle safety technology and make a positive impact on riders' lives around the world.