About the Company
Altor, founded in 2018, is an Indian technology company dedicated to enhancing road safety through innovative smart helmets. Headquartered in Kolkata, West Bengal, Altor aims to make bike rides safer and more efficient by integrating advanced features into their helmets. Their primary clientele includes delivery services, logistics companies, and bike-sharing platforms.
- Location: Kolkata, West Bengal, India
- Industry: Automotive Safety Technology
- Clients: Delivery services, logistics companies, bike-sharing platforms
Business Model
Altor operates through the following key business segments:
a) Smart Helmet Manufacturing
- Description: Develops and manufactures smart helmets equipped with features like accident detection, anti-theft mechanisms, live tracking, hands-free navigation, and smartphone charging.
- Key Clients and Markets: Targets delivery and logistics sectors, as well as individual riders seeking enhanced safety.
b) Technology Integration Services
- Description: Offers integration of their proprietary safety technology into existing fleet operations.
- Competitive Advantage: Provides customizable solutions that seamlessly integrate with clients’ current systems, enhancing safety without overhauling existing infrastructure.
c) Revenue Streams
Altor generates revenue through:
- Product Sales: Direct sales of smart helmets to consumers and businesses.
- Licensing Agreements: Licenses their technology to other helmet manufacturers and fleet operators.
- Subscription Services: Offers premium features and continuous monitoring services on a subscription basis.
What Problem is the Startup Addressing?
Altor addresses the critical issue of road safety for two-wheeler riders in India. With a high incidence of motorcycle accidents, there’s a pressing need for enhanced protective gear. Traditional helmets offer limited functionality, lacking features that could prevent accidents or provide assistance post-incident. Altor’s smart helmets bridge this gap by incorporating technology that not only protects but also actively works to prevent accidents and assist in emergencies.
Key Financial Numbers
- Revenue (Latest): Not publicly disclosed.
- Profitability: Not publicly disclosed.
- Growth Rate: Not publicly disclosed.
- Funding: Secured ₹50 lakhs for a 7% equity stake from investors Namita Thapar and Aman Gupta on Shark Tank India. citeturn0search9
- Market Valuation: Estimated at ₹7.1 crores as of 2023.
About the Founders
a) Shamik Guha – Co-Founder & CEO
- Education & Background: Details not publicly available.
- Role in Company: Leads strategic direction, oversees product development, and manages business expansion.
b) Muhammad Bilal Shakil – Co-Founder & CTO
- Education & Background: Details not publicly available.
- Role in Company: Heads technological development, focusing on integrating advanced safety features into products.
c) Sayan Tapadar – Co-Founder
- Education & Background: Details not publicly available.
- Role in Company: Contributes to business development and operational strategies.
d) Anirban Datta Gupta – Co-Founder
- Education & Background: Details not publicly available.
- Role in Company: Focuses on design innovation and user experience enhancement.
