About NeoMotion
NeoMotion is a company based in Chennai (India) founded in 2016 by Sujatha Srinivasan, Swostik Sourav Dash, Siddarth Daga, and Ashish Mohan Sharma.. NeoMotion has raised $122.7 thousand across 3 funding rounds from investors including StartupTN, Peyush Bansal and RTBI. NeoMotion offers products and services including NeoFly, NeoBolt, NeoFly X, NeoStand, and NeoPower. NeoMotion operates in a competitive market with competitors including Arquella, Pride Mobility, Vissco, Alber and Biomotum, among others.
- Headquarter Chennai, India
- Founders Sujatha Srinivasan, Swostik Sourav Dash, Siddarth Daga, Ashish Mohan Sharma
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Neomotion Assistive Solutions Private Limited
- Date of Incorporation 26 May, 2016
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$1.74 M (USD)203.81as on Mar 31, 2023
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Net Profit
$184.42 K (USD)362.71as on Mar 31, 2023
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EBITDA
$291.33 K (USD)214.78as on Mar 31, 2023
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Total Equity Funding
$122.7 K (USD)
in 3 rounds
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Latest Funding Round
$122.7 K (USD), Seed
Jan 27, 2023
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Investors
StartupTN
& 2 more
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Employee Count
Employee Count
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Products & Services of NeoMotion
NeoMotion offers a comprehensive portfolio of products and services, including NeoFly, NeoBolt, NeoFly X, NeoStand, and NeoPower. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lightweight wheelchair for style, comfort, and outdoor mobility needs.
Front drive device for independent and anytime mobility assistance.
Customized wheelchair offering ultimate comfort and smooth movement.
Standing wheelchair that enables users to rise and perform daily tasks.
Powered wheelchair for active lifestyles and reliable support.
Supportive wheelchair designed for children's mobility and comfort.
Personalization service to identify and customize mobility needs.
After-sales support for maintenance and reliable product servicing.
Funding Insights of NeoMotion
NeoMotion has successfully raised a total of $122.7K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $122.7 thousand completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $122,699
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - NeoMotion | Valuation | Peyush Bansal |
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| Feb, 2021 | Amount | Grant - NeoMotion | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - NeoMotion | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NeoMotion
NeoMotion has secured backing from 3 investors, including angel and venture fund investors. Prominent investors backing the company include StartupTN, Peyush Bansal and RTBI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location | |
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Startups in rural technologies are incubated by government-backed RTBI.
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Founded Year | Domain | Location | |
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PB
Peyush Bansal |
Founder of Lenskart, prominent angel investor, Shark Tank India judge
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NeoMotion
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NeoMotion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neomotion Comparisons
Competitors of NeoMotion
NeoMotion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Arquella, Pride Mobility, Vissco, Alber and Biomotum, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Technology solutions for adult social care are provided by Arquella.
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| domain | founded_year | HQ Location |
Designs and produces power wheelchairs, mobility scooters, and lift recliners for user assistance.
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| domain | founded_year | HQ Location |
Provides orthopaedic supports, mobility aids, wellness products, and distribution services.
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| domain | founded_year | HQ Location |
Manufactures electric drives and aids for manual wheelchairs to improve user mobility.
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| domain | founded_year | HQ Location |
Robotic assistive devices are manufactured for individuals with movement disorders.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about NeoMotion
When was NeoMotion founded?
NeoMotion was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is NeoMotion located?
NeoMotion is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of NeoMotion?
Swostik Sourav Dash is the current CEO of NeoMotion. They have also founded this company.
Is NeoMotion a funded company?
NeoMotion is a funded company, having raised a total of $122.7K across 3 funding rounds to date.
What is the annual revenue of NeoMotion?
Annual revenue of NeoMotion is $1.74M as on Mar 31, 2023.
What does NeoMotion do?
NeoMotion was founded in 2016 in Chennai, India, as a provider of assistive devices targeting mobility impairments among the physically challenged and elderly. A range of products, including wheelchairs and electric scooters such as the NeoBolt and NeoFly, is offered to support navigation across various terrains. Operations focus on personalized solutions within the healthcare and mobility sector.
Who are the top competitors of NeoMotion?
What products or services does NeoMotion offer?
NeoMotion offers NeoFly, NeoBolt, NeoFly X, NeoStand, and 4 more products and services.
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