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Neuromatic

NeuroMatic Automotive (Safety Driving Solution)

USA, California
Market: Internet and IT, Medicine, Insurance, Gadgets , Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 31.07.2019
Min investment
$  100.000
Total required
$ 1.200.000
Rating
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Idea

Build methodology, hardware and software for Continuous Driving
Effectiveness Monitoring to improve driving habits and road safety.
Target Usage:
Scoring model and ecosystem to provide data for Usage-Based Insurance
(UBI) through personal Continuous Driving Effectiveness Monitoring based
on Biosensors, Telematics and Environment data.

Current Status

Incorporated in Estonia, (Europe) and USA (Americas)
Brandbook , Website, CMS, e-Commerce, CRM
Pitch Deck , Business Plan
Prototypes - 5 units
Functionality software, Database
Mobile, Web Apps
UBI Point Based Evaluation System (Patent)

Market

The global Brain Computer Interface market size in 2018 was $1.16 billion and is expected to reach USD 1.72 billion in 2022, growing at a CAGR of 11.50% during the forecasted period. The health market size was valued at USD 22 billion at 57 million units in 2018 and is expected to reach $40 billion at 122 mio units in 2022.
Today estimated amount of vehicles is more than 1.2 billion cars on the road with forecast on 2035 up to 2 billions. New cars are produced more 70 million per year.
The device is intended to be a “MUST-HAVE” for every car driver for 
safe driving.

Problem or Opportunity

Neuromatic Automotive, Save Driving, helps car drivers with a unique continuous Driving Effectiveness Monitoring systems and API. Our solution will make a difference from existing Driver Assists (Cameras) of the Brain Activity Tracking (Brainwaves EEG Non-invasive) that is more effective for example on Drowsy Detection.
Existing Driver Drowsiness Detection systems can not control others reasons of sleep-related accidents like aggressive driving style, uncontrolled driver condition from alcohol, narcotic, soporific or unhealthiness.
Existing Telematics systems for Usage-Based Insurance only estimate driving risks based on driver's behavior. 


Solution (product or service)

Neuromatic Automotive ecosystem includes:
-Wearable headset is connected to a smartphone and Detects Driver Drowsy (DDD) to predict stage one sleep also warning of sleep-related accidents as well as with others reasons like aggressive driving style, uncontrolled driver condition from alcohol, narcotic, soporific or unhealthiness.
- Mobile application supports Apple CarPlay, Android Auto and connects to onboard OBD2, Head-Up Display (HUD), displays brain attention level, sends alert, push notifications and saves biosensors and telematics data to cloud storage.
- Web application uses personal data from the cloud storage and calculates the driving effectiveness in 6 levels based brain activity , time-of-day (night, morning, day), location (urban, interurban, mountains ), mileage, speeding, age etc., displays stats, trends, saves in archive, group sharing.

Competitors

Raxel Drive, raxeltelematics.com (direct)
Drivewell, cmtelematics.com (direct)
SleepAlert, neuro-tone.com/eng (indirect)

Advantages or differentiators

Neuromatic Automotive is a unique product, there is no product on the market that monitors continuous driving effectiveness right now now.
Neuromatic Automotive, is solving Safe Driving to help car drivers. Our unique Driving Effectiveness Monitoring System. Our solution will make a difference from existing Driver Assists because of the Brain Activity Tracking is much more effective for Drowsy Detection. The Scoring Model is based on continuous and complex Driving Effectiveness Monitoring for Usage-Based Insurance and includes:
- Personal Data: driving history, age, gender
- Driver Beh * avior: brain activity, attention level, distraction, speeding, hard braking, mileage
- Driving Environment: weather, time-of-day, location

Finance

Forecast Revenue:
2019 - $0
2020 - $730,000
2021 - $1,500,000

2022 - $4,200,000

Business model

B2B: OEM-supplier for car manufacturers
B2B2C: Partnerships with insurance and transport companies
B2C:Retail and wholesale, e-Commerce

API License

Money will be spent on

Software Development, Hardware improvement, Industry Design, R&D
Marketing production
Commercial production

Offer for investor

We are offering shares up to 35% or return on investment directly paid
based from sales revenue.

Risks

Competitive Market

Incubation/Acceleration programs accomplishment

https://www.bridgeforbillions.org
online incubation program

Photos

Photo 1 - Neuromatic
Photo 2 - Neuromatic
Photo 3 - Neuromatic
Photo 4 - Neuromatic
Photo 5 - Neuromatic

Website address

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Idea
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Finance
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