BYTES Secures Grants from Nikhil Kamath’s WTFund

bytes

BYTES is an AI-powered safety system for two-wheelers, designed to prevent accidents using advanced technology. Founded in August 2024 by Prakhar Agrawal and Aayush Kumar, the Bengaluru-based startup has received a ₹20 lakh grant from WTFund, led by Zerodha co-founder Nikhil Kamath. BYTES’ system uses AI and computer vision to detect dangers and provide real-time alerts to riders. It is currently working with top two-wheeler manufacturers to test its technology. With a mission to reduce accidents and save lives, BYTES aims to bring advanced safety features to motorcycles and scooters, making roads safer for everyone.

What is Bytes?

BYTES is a Bengaluru-based startup that develops an AI-powered Advanced Driver Assistance System (ADAS) for two-wheelers. Its technology uses computer vision and artificial intelligence to detect potential hazards, provide real-time alerts, and even take partial control in critical situations to prevent accidents.

Founded in August 2024 by Prakhar Agrawal and Aayush Kumar, BYTES aims to improve road safety, especially for motorcycle and scooter riders. The startup has received funding, including a ₹20 lakh grant from WTFund, backed by Zerodha co-founder Nikhil Kamath. It is currently collaborating with leading two-wheeler manufacturers to integrate its AI safety system into real-world use cases.

Why is This Funding Significant?

The funding provides crucial financial support to accelerate the development of its AI-powered Advanced Driver Assistance System (ADAS) for two-wheelers. With a ₹20 lakh grant from WTFund, the startup can refine its technology and launch pilot programs with leading two-wheeler manufacturers to test its safety system in real-world conditions. 

This investment also boosts BYTES’ credibility, as backing from WTFund. Given that 60% of global road accidents involve two-wheelers, BYTES’ AI-driven safety system aims to reduce fatalities by detecting hazards and preventing crashes. 

Additionally, this funding paves the way for future investments, allowing the company to scale its technology and expand its market reach.

How Will the Funds Be Used?

The funds will be used to enhance BYTES’ AI-powered Advanced Driver Assistance System (ADAS) and integrate it into real-world applications. A significant portion of the ₹20 lakh grant will go toward launching pilot programs with major two-wheeler manufacturers, allowing BYTES to test its safety technology in real riding conditions. 

The company will also invest in refining its AI and computer vision models, ensuring more accurate hazard detection and real-time alerts for riders. Additionally, the funding will support product development, research, and team expansion, helping BYTES move closer to its goal of making two-wheelers safer and reducing road accidents.

Founders’ Perspective

The founders of BYTES, Prakhar Agrawal and Aayush Kumar, see their startup as a game-changer for two-wheeler safety. They believe that AI and computer vision can significantly reduce accidents by detecting hazards in real time and providing immediate alerts to riders. Their mission is to prevent preventable road fatalities by bridging the safety gap in two-wheelers, which often lack advanced protection features found in cars.

According to Prakhar Agrawal, co-founder and CEO of BYTES, the company envisions a future where no two-wheeler accident leads to unnecessary loss of life. With support from WTFund and other strategic partners, they are committed to scaling their technology, collaborating with leading manufacturers, and making roads safer for millions of riders worldwide.

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Key Takeaways

  • AI-Powered Two-Wheeler Safety – BYTES has developed an Advanced Driver Assistance System (ADAS) using AI and computer vision to prevent accidents by detecting hazards in real time.
  • Significant Funding Boost – The startup has secured a ₹20 lakh non-dilutive grant from WTFund, led by Zerodha co-founder Nikhil Kamath, which will help accelerate product development.
  • Pilot Programs with OEMs – BYTES is collaborating with leading two-wheeler manufacturers to test and integrate its AI-powered safety system into real-world applications.
  • Strong Industry Backing – The company is supported by WTFund, IIMB’s NSRCEL, NVIDIA’s Inception Program, Microsoft for Startups, and the Wadhwani Foundation, enhancing its credibility.
  • Addressing a Major Safety Gap – With two-wheelers accounting for 60% of global road accidents, BYTES’ technology aims to reduce fatalities and enhance road safety.

Conclusion

BYTES is set to transform two-wheeler safety with its AI-powered Advanced Driver Assistance System (ADAS). With strong backing from WTFund and other industry leaders, the startup is rapidly advancing its technology and expanding collaborations with top two-wheeler manufacturers. 

The successful launch of pilot programs will pave the way for mass adoption, reducing road accidents and saving lives. Looking ahead, BYTES aims to scale its operations, secure further investments, and enhance AI capabilities. As the demand for smart mobility solutions grows, BYTES is well-positioned to lead the next wave of innovation in two-wheeler safety technology.

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