Singapore-based company specialising in AI-driven safety solution for motorcycle fleets and riders Rider Dome has received $2.3 million in funding from a seed funding round.
Participating in the funding round were investors such as Goldbell, a Singaporean venture capital firm, and Radha Rani Holdings Family Office also based in Singapore.
CEO Yoav Elgrichi expressed confidence in the strategic investors, stating, “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”.
Rider Dome claims to recognise a surging demand from motorcycle fleets seeking safety and monitoring solutions to enhance rider safety and reduce the substantial costs associated with accidents, such as soaring insurance premiums and decreased productivity.
In addition to fleet demand, Rider Dome has reported a growing interest from cities aiming to enhance safety measures for the large motorcycle fleets navigating their roads.
Rider Dome has already served large motorcycle fleets globally, including clients such as Coca Cola, Singapore Post, and the City Council of Barcelona.
