Founded in Israeli by motorcycle enthusiasts, RideVision specializes in providing a rider safety alert system for motorbikes and scooters. It provides 360-degree view cameras equipped with a patented predictive technology that leverages AI and vision technology to detect and provide real-time alerts to riders, including collision alerts, distance keeping alerts, blind-spot alerts, and dangerous overtaking alerts, via its mobile app. The firm claims that its product is compatible with any two-wheeled vehicle make and model. The firm's app also includes a number of features like automatic ride data recording, emergency calling, rider personal assistant, and Bluetooth audio alerts. It offers its products as outright purchases or as part of a subscription package, where subscribers receive periodic upgrades to its mobile app and access to premium features.
Key customers and partnerships
RideVision has entered into strategic partnerships with manufacturers, insurers, fleet operators, and retailers to make its technology globally available, including with Continental (automative parts manufacturer), Minda Corporation (Tier 1 vehicle supplier in India), and Poste Italiane (Italian postal service). As of March 2022, the firm's product was available in ~15 countries including the US, UK, Italy, Australia, and India.
Funding and financials
In November 2020, the firm raised USD 7 million in Series A funding led by OurCrowd. The firm planned to use its funding to drive its global expansion.
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