The Altor Smart Helmet is a cutting-edge helmet solution made to give riders smart features and increased safety. The helmet offers a better riding experience by combining technology with conventional safety gear. In the event of an accident, impact and fall detection can notify loved ones or emergency personnel. Voice command capabilities to operate without using your hands, LED indicators to indicate turns and enhance visibility, integrated Bluetooth for music, calls, and navigation, comfortable fit and a sleek design that relieves frequent riding discomforts. In order to appeal to tech-savvy motorcyclists seeking a next-generation solution, the founders stressed that their helmet offers a high-tech substitute for conventional helmets, emphasizing ease and safety.

Company Name: Altor Smart Helmet

Founder: Bilal Shakil, Sayan, Shamik Gupta, Anirban Gupta

Product: Bike helmet solution

Highlights

• In order to reach more consumers in the expanding market for smart safety gadgets, the founders planned to use the money to increase production, enhance marketing initiatives, and broaden their distribution network.
• The founders highlighted the increasing need for safety features among riders, particularly in India, where motorbike accidents are a significant issue. Through cutting-edge technologies, they aimed to establish Altor Smart Helmet as a brand that offers comfort and ease in addition to safety.
• The product’s safety features and inventiveness pleased Aman. He saw that the market needed smart helmets, particularly for the younger, tech-savvy rider population. He was interested in closing a purchase after assessing the product’s growth prospects and distinctive selling characteristics.
• Namita showed interest in the concept, pointing out its potential in a nation where many people ride two-wheelers. She was particularly drawn to the helmet’s safety features and believed they could significantly improve rider safety.
• Although the innovation was warmly accepted, the others Sharks were concerned about the cost of the helmet and the production process, which would prevent it from being widely used. Nonetheless, they were drawn to the product’s overall technological and safety promise.

Pitch Details

Ask: ₹50 Lakhs for 5% equity

Deal: After negotiations, Aman and Namita together secured a deal for ₹ 50Lakhs for 7% equity.

Investors: The investment came from Aman Gupta and Namita Thapar.

Conclusion

By fusing smart technology with conventional helmet features, the Altor Smart Helmet surprised the Sharks with its creative approach to rider safety. The product stands out in the market thanks to its safety features, which include impact detection, fall detection, and Bluetooth connectivity. These features attract to an increasing number of tech-savvy riders who are looking for increased safety and convenience. The founders’ vision and the helmet’s potential to significantly improve rider safety in India were crucial factors in closing the transaction, despite reservations over the cost and production scalability.

The collaboration with Aman Gupta and Namita Thapar, who contributed ₹50 Lakhs for 7% equity, is indicative of the growing market need for intelligent, safety-focused transportation solutions, especially in the two-wheeler sector. This agreement sets Altor Smart Helmet up for future expansion and innovation in an industry that is changing quickly.

Significant findings

• Innovative Product
• Safety and Convenience
• Manufacturing and Pricing Concerns
• Strong Investor Interest