Intelligent Bike Grip Innovation
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.
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.
Our customers are people who commute by bicycle, use Strava, and wish additional insurance protection for their bikes.
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.
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
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Internet of Things (IoT), AI and Machine Learning, Blockchain for Decentralization, GPS Tracking Technologies, Mobile Application Development.
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Intelligrip enhances biking experience with seamless tracking, theft-prevention, insurance protection, and the unique feature to earn from rides.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is Chief of Product and I'm responsible for software-hardware integration, fundraising, grant applications, and VC sourcing.
I am the the only member
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.
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.
Intelligrip makes money on a % of biked miles, and on a per month saad rate for bike/ride insurance.
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.
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.
Our company incorporated in
Oregon
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.
$
0
We raised investments
Myself
$
500000
Currently, we are raising investments
$
5000000
Estimated pre-investment valuation of the company
