(MENAFN- IANS) New Delhi, July 1 (IANS) Video telematics startup Cautio on Monday announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance Bank.
The funding round, a mix of equity and debt, also saw participation from Cautio's early believing customers and angel investors.
"With the support of our friends at Antler, 8i and AU, we are primed to escalate our efforts in deploying cutting-edge safety solutions across the country," Pranjal Nadhani, Co-founder & CTO, Cautio, said in a statement.
Cautio offers cost-effective video telematics products and delivers tailored solutions aimed at mitigating safety issues prevalent in India.
Through customisable dash cam devices and an AI-powered operating system, Cautio ensures accountability, improves driver conduct, minimises revenue loss, and adopts an API-first strategy, the company said.
"The Cautio model is not just about capturing telematics data but transforming it into actionable insights to enhance driver behaviour, increase safety, and pave the way for autonomous vehicles," said Nitin Sharma, Partner at Antler.
According to Ankit Acharya, Co-founder & CEO of Cautio, telematics in India has rapidly advanced from GPS, Bluetooth and portable navigation to embedded connectivity.
"India, ranking first in global road fatalities, recorded 1,68,491 deaths in 2022, with overspeeding responsible for 70 per cent of these fatalities, along with approximately 4.4 lakh injuries," said Acharya.
"Video telematics and dash cams, driven by demand from the commercial vehicle sector, will be crucial in eliminating hearsay and enhancing road safety," he added.
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