It is a rear-view camera with radar and backlight for a bicycle, which predicts collisions from behind and warns cyclists and vehicle's driver
Current Status
The prototype is ready, and we are building MVP and increase value in the cyclist community
Market
Global safety equipment market value is $9B, will be $13B in 2025
Problem or Opportunity
75% of road accidents with cyclists happen when vehicles hit bicycles from behind.
Solution (product or service)
We are building a rear-view camera with AI to predict collisions from behind the bicycle and automatically warn appropriate vehicle’s driver by sending sound signals and flashes of a backlight
Competitors
Garmin radar
https://www.amazon.com/Garmin-RTL510-Cycling-Rear-Approaching-Vehicles/dp/B07C9PKSCK
Cycliq camera
https://www.amazon.com/CYCLIQ-Fly6-Bike-Camera-Light/dp/B077NNSRDL
Advantages or differentiators
Our device has radar, camera and AI to predict collisions, none of our competitors has such a system.
Finance
Target price - $275 per device.
Business model
Direct sales, subscription for additional functions