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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: 18.07.2019
Min investment
$  100.000
Total required
$ 1.200.000
Rating
equalizer 314 из 1000
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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 is intended for providing data for Usage-Based Insurance (UBI) through personal Continuous Driving Effectiveness Monitoring based on Biosensors, Telematics and Environment data.

Current Status

Incorporated in Estonia and USA
Brandbook , Website, CMS, e-Commerce, CRM
Pitch Deck , Business Plan
Prototypes - 5 units
Mobile, Web Apps

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 as “MUST-HAVE” for every car driver for safety driving.

Problem or Opportunity

Neuromatic Automotive, is solving a problem Safety Driving to help car drivers with a unique offering continuous Driving Effectiveness Monitoring. Our solution will make a difference from existing Driver Assists because of the Brain Activity Tracking is much more effective for 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 can estimate driving risks based on driver's behaviour only.

Solution (product or service)

Neuromatic Automotive ecosystem includes:
- Wearable headset is connected to smartphone and Detects Driver Drowsy (DDD) for predict stage 1 sleep for 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 unique product in the market, no one product let to do continuous driving effectiveness monitoring for now.
Neuromatic Automotive, is solving a problem Safety Driving to help car drivers with a unique offering Driving Effectiveness Monitoring. Our solution will make a difference from existing Driver Assists because of the Brain Activity Tracking is much more effective for Drowsy Detection. Scoring Model based on continuous complex Driving Effectiveness Monitoring for Usage-Based Insurance includes:
- Personal Data: driving history, age, gender
- Driver Behaviour: brain activity, speeding, breaking, mileage
- Driving Environment: weather, time-of-day, location

Finance

Forecast Revenue:
2019 - $513,599
2020 - $1,163,513
2021 - $1,291,313

Business model

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

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 50% and return on investment directly paid based on the 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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Advantages or differentiators
Finance
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Money will be spent on
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