SucSEED Indovation Fund adds Flexibility to Flexmo, an AssistiveTech Startup!
Seed Capital allow Flexmo to expand their sales team and target wider audiences, across geographies, along with working on expanding their product portfolio.
Flexmotiv Technologies Pvt Ltd (Flexmo), an assistive tech startup raises Seed Capital from SucSEED Indovation Fund. The round, additionally saw support from other regarded investors including — Social Alpha, Keiretsu Chennai & Singapore, Hyderabad Angels and CCAMP (under AIC).
Flexmo is India’s revolutionary assistive technology product design and manufacturing company that empowers the elderly and people suffering with locomotor disability. Started in Aug 2017, it has a customer base of 2000 users. The Startup is currently operating (R&D, manufacturing and warehousing) in Delhi and supplies to major hospitals in the Delhi and NCR Region. Through Amazon and other eCommerce platforms, their underarm clutches, elbow crutches, and other products reach out to a wider end-users across India.
The market size, currently, for the combined mobility aids and care products
for the elderly is 13 billion USD. This number is set to boom considering the demand and a paradigm shift in products that make the ones in need feel independent for their mobility.
With a vision to give people a stylish set of mobility aids that provides confidence to walk anywhere without fear of slipping. Provides a range of patented and clinically tested premium mobility aids at affordable costs. Flexmo products are slip resistant, light weighted and suitable for all terrains. Providing products keeping in mind the style and comfort of every customer.
Flexmo, believes that no disability should disrupt the daily lives of people and strives to make assistive technology a right for the elderly and physically disabled. Inspired from the design of the human foot which was crafted by nature through evolution. Flexmo’s Patented design provides superior grip on any type of surface be it a wet bathroom tile or muddy road. Combined with a modern aesthetics and ergonomics, it’s mobility aids provide ultimate grip, style and comfort to the user giving the confidence to move anywhere limitlessly and independently.
Arvind Suresh Ambalapuzha, the Founder and CEO of Flexmo said, “Flexmo will provide users, who have seen the low quality and traditional mobility aids so far, an alternative which will significantly improve their walking experience. Our style and quality are comparable to mobility aids in US markets which cost well above 200$, but, however, are available at a reasonable ‘Indian Price Range’.”
Speaking on investing in Flexmo, Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund said, “According to WHO, 75 million people need a wheelchair and only 5% to 15% of those have access to one. Large population of India also lives with some kind of physical or mental disability. Any innovation in Assistive Technology space which can aid Health, well-being and socioeconomic benefits shall have a huge impact and large market size too. Mobility is the key to independent living and Flexmo consistently makes an effort to make the world a better place for the physically challenged.”
Flexmo raises Seed Capital from SucSEED Indovation Fund and Social Alpha - TechStory
SucSEED Indovation Fund announces investment in assitivetech startup Flexmotiv Technologies Pvt Ltd (Flexmo), in a seed…