Flo Mobility, a vision-based autonomous technology company, has raised $400K from DevX Venture Fund, Venture Garage Angels, Blume Founders Fund and other marquee angels.
The company’s stated vision is to build a universal autonomy platform that can bring autonomous capabilities to vehicles across industries and form factors. The company is deploying its stack on a wide variety of vehicles like electric scooters, delivery bots, agri-weeders, surveillance bots, golf carts, lawnmowers, etc.
Founded in 2019 by Manesh Jain and Mohan Kumar Flo Mobility aims to democratize autonomy by building an affordable, compute lite and interoperable stack that can also be retrofitted into existing vehicles and equipment.
Manesh Jain, Founder of Flo Mobility, said, “The funding from DVF and others comes at an exciting time as we seek to expand nationally and to the US, Middle East, Europe and East Asia. As we recruit aggressively across our technology, product and engineering teams, we will be further deepening our research on vision-based perception, low latency remote operations and proprietary Flo operating system. Autonomous tech is finding its way around multiple applications and I believe our platform-centric approach and subscription-based pricing will pave the way to build a multi-billion-dollar business.”
Umesh Uttamchandani, Co-founder & CGO at DevX, said, “We are excited to infuse funds in Flo Mobility. At DVF (DevX Venture Fund) our investment approach largely revolves around having a strong founding team which, someone of the likes of Manesh with a previous exit under the belt where his venture was acquired by Jio Embibe, serves as a perfect match. Smart solutions for the Autonomy-as-a-Service are the future and given Flo Mobility’s deep understanding and tech capabilities, I am confident that their offerings will find many takers. Going forward we strongly anticipate a massive impact on the sector, given the game-changing proposition that Flo Mobility’s offerings have.”
Sarita Raichura, Principal at Blume Ventures, said, “What intrigued us was Flo Mobility’s focus on low-end autonomy. We believe there could be a leap in the adoption of autonomous technology – Flo Mobility’s tech stack can be used to convert a large range of vehicles to autonomous vehicles at a significantly lower cost. Indian deep-tech ecosystem is showing signs of maturity where companies like Flo Mobility are building for the world out of India and we are excited to be part of Manesh’s second innings through the Blume Founders Fund”.