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
Not available
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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.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Potato farming, grain marketing, and equipment services in Maine.
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Startups in rural technologies are incubated by government-backed RTBI.
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PB
Peyush Bansal |
Founder of Lenskart, prominent angel investor, Shark Tank India judge
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Locked | Locked | Locked |
Investor details for NeoMotion
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Investments & Acquisitions by NeoMotion
Investment portfolio details for NeoMotion
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Financial Statements - NeoMotion
Detailed financials for NeoMotion
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Neomotion Comparisons
Peer comparison for NeoMotion
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Technology solutions for adult social care are provided by Arquella.
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Designs and produces power wheelchairs, mobility scooters, and lift recliners for user assistance.
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Provides orthopaedic supports, mobility aids, wellness products, and distribution services.
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Manufactures electric drives and aids for manual wheelchairs to improve user mobility.
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Robotic assistive devices are manufactured for individuals with movement disorders.
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Detailed competitors of NeoMotion
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Latest news on Neomotion
Complete news archive for NeoMotion
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Frequently Asked Questions about NeoMotion
NeoMotion was founded in 2016 and raised its 1st funding round 1 year after it was founded.
NeoMotion is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Swostik Sourav Dash is the current CEO of NeoMotion. They have also founded this company.
NeoMotion is a funded company, having raised a total of $122.7K across 3 funding rounds to date.
Annual revenue of NeoMotion is $1.74M as on Mar 31, 2023.
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.
NeoMotion offers NeoFly, NeoBolt, NeoFly X, NeoStand, and 4 more products and services.