[Funding alert] Venture Catalysts invests in B2B smart helmet startup Altor
Summary
Incubator and accelerator Venture Catalysts announced on Monday, February 10, that it has invested in smart helmet startup, Altor. Catering to the B2B segment, its helmets are Internet of Things (IoT) and Artificial Intelligence (AI) enabled. According to the founders, Altor will use the freshly raised funds to optimise its products and establish a clear market, solidify its client base, and geographically expand. In a statement, Apoorv Ranjan Sharma, President and Co-Founder, Venture Catalysts, said, Founded by Shamik Guha, Sayan Tapadar, Muhammad Bilal Shakil, and Anirban Datta Gupta, Altor uses a combination of hardware and software to provide insightful in-vehicle data to companies for better fleet management and provide protection from accidents. Recently, in January, the startup accelerator invested an undisclosed amount in neo-banking business payments platform Nupay, as a part of its seed funding.