begin-up Motomatix increases budget from project Catalysts

Photo: Mint

Bengaluru: Motomatix, a begin-up which analyses riding behaviour, has raised $200,000 from challengeCatalysts, a seed investment platform, the agency stated in a statement on Monday. The investment wasled by Vikram Lakhotia, handling director at preferred transport employer and Anirudh Damani, associateat Artha India Ventures.

Urbtranz technology Pvt Ltd, which owns Motomatix, claims to deploy gadget studying to seize real-timestatistics approximately using behavior and road situations.

The founders of Motomatix—Shivalik Sen, Arun Gandhi, Nikhil Tavora and Someshwar dash—had in advance founded pushed, a start-up that furnished chauffeurs on demand. driven changed into boughtoff to Chennai-based totally rival DriversKart earlier this month.

“We started out as an on-call for motive force carrier and constructed a using analytics module to helptune and teach our drivers. whilst doing so, we realised that there has been a wonderful lack of acomparable medical metric to quantify and decide driving behaviour in addition to to pick out andeducate drivers in regions which require development,” stated Sen.

“Seeing how this device ought to have some of use-instances across industries which includestransportation, logistics and insurance, we spoke to several corporations and obtained an overwhelmingresponse for the idea. This turned into what made us move all in with Motomatix,” he added.

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