Bengaluru-based startup BYTES has raised funding from WTFund, an investment firm led by Zerodha co-founder Nikhil Kamath, to advance its AI-driven safety technology for two-wheelers. While the funding amount remains undisclosed, the investment will support the development of an Advanced Driver Assistance System (ADAS) designed to reduce accidents through real-time hazard detection.
The AI-powered system utilizes computer vision to identify potential dangers on the road and deliver instant alerts to riders, helping them react before an accident occurs. “Our mission is to create a future where no two-wheeler accident results in a preventable loss of life,” said Prakhar Agrawal, co-founder and CEO of BYTES. The company is working on integrating these safety features directly into motorcycles and scooters.
BYTES has initiated pilot programs in collaboration with two-wheeler manufacturers to test the system in real-world conditions. The startup is also in the process of closing its pre-seed funding round within the next two months to accelerate product development and market deployment.
The need for advanced two-wheeler safety solutions is more critical than ever. Road safety data indicates that motorcycles and scooters account for 60% of the over 50 million road accidents worldwide each year. The World Health Organization (WHO) reports that 90% of these crashes are due to human error, highlighting the importance of incorporating intelligent safety technologies.
While automotive safety advancements have traditionally focused on cars, the two-wheeler industry is now beginning to explore AI-driven solutions. Many major manufacturers have introduced anti-lock braking systems (ABS) and other basic safety features, but comprehensive ADAS technology for two-wheelers remains a largely untapped market. WTFund, which selected BYTES as part of its second investment cohort for 2024, specializes in early-stage tech startups across multiple sectors, including fintech, healthcare, and enterprise software. This investment aligns with its focus on supporting disruptive innovations with real-world impact.
