Intelligrip
Date of Foundation
2022

Intelligrip

Intelligent Bike Grip Innovation

The Idea origin story

Intelligrip is innovating to create a pioneering device that simplifies tracking of your cycling mileage, simultaneously empowering riders to convert their carbon offsets into cash rewards. Going beyond, Intelligrip serves as an anti-theft measure while doubling up as insurance beacon for enhanced security and coverage of your bicycle.

The Mission

In 2021, starva record 8.1 billion cycling mile. My vision is to get cyclists paid for that ride data through decentralization of carbon offset creation.

Clients

Our customers are people who commute by bicycle, use Strava, and wish additional insurance protection for their bikes.

Problems we solve

Client’s problem

Your startup, Intelligrip, can solve several problems such as enhancing the tracking of cycling miles, aiding cyclists to monetize their ride data through carbon offset creation, improving bike security against theft, and providing additional insurance protection for bicycles.

Confirmation of problem

In 2019 one bike was stolen every 3 minutes in the USA. Also, the proliferation of ebikes has helped more people get around, but with little insurance infrastructure to accurately assume risk. The carbon markets are now ready to be embodied and contributed towards by the individual

Solution

Ok

Our technologies

This solution is based on technologies

Internet of Things (IoT), AI and Machine Learning, Blockchain for Decentralization, GPS Tracking Technologies, Mobile Application Development.

How it works

New suggestion

Value for the client

Intelligrip enhances biking experience with seamless tracking, theft-prevention, insurance protection, and the unique feature to earn from rides.

Market and strategy

Market size

1232

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

25

% of the market

Is our goal in the next 3 years

Team

My name’s

Samuel B. Newman

My key role in the product

My key role is Chief of Product and I'm responsible for software-hardware integration, fundraising, grant applications, and VC sourcing.

Team size and key members

I am the the only member

Competitors

Competitors

Besides the ones you've listed, potential competitors to Intelligrip can also be tech companies that are developing similar IoT devices for vehicles like Garmin, Fitbit and Samsung. Companies providing digital bike sharing services like Lime and Mobike might branch out their technological capabilities in your domain too. Don't overlook smaller startups with innovative technologies as well.

Our Advantages

Intelligrip monetizes your bike miles as part of a healthy living incentive, becoming the pioneer data firm offering data-driven bike insurance. Enjoy effortless ride recording with a get on and ride operation without launching an app. A rewarding way to embrace sustainability.

Business model

Intelligrip makes money on a % of biked miles, and on a per month saad rate for bike/ride insurance.

Traction

Intelligrip's advanced 3D renders and a pending patent showcase our product progress. With an app in active development, we're a Ycombinator applicant on the hunt for dynamic co-founders to join our innovative journey.

Leading bicycle manufacturers will incorporate Intelligrip into their products, launching a new revenue stream as the innovative grips start to generate income.

Metrics

Bicycle miles, grams of co2 offset carbon credit distributions Customer leader board King of the mountain Queen of the mountain Insurance Claims made Bike theft recoveries Daily carbon offset payouts

We're in the exciting initial phase, prior to generating revenue. Emphasizing visionary strategies and robust planning over immediate profit for long-term success.

Incorporation

Our company incorporated in

Oregon

Key risks

The main risk to the project is low market integration. Working with large manufacturers will be key to scale the insurance segment of the business. The other risk is failing to prove a methodology to VERRA to approve the carbon project. Having customers become aware that they can start accruals money sinpky by riding their bike will be the next hurdle.

Investments

$

0

We raised investments

Our Investors

Myself

Rising Investments

$

500000

Currently, we are raising investments

$

5000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

Idea