Flo Mobility raises $400,000 from Venture Garage, Blume Founders Fund, DevX Venture Fund, and other marquee angels. Flo Mobility was founded in 2019 by Mohan Kumar and Manesh Jain which targets building compute lite, and affordable into vehicles and equipment. The company has electric scooters, Agri-weeders, golf carts, surveillance bots, lawnmowers, delivery bots, etc.
Manesh Jain, Founder, Flo Mobility, said, “The funding from DVF and others comes at an exciting time as we seek to expand nationally and to the US, Middle East, Europe, and East Asia. As we recruit aggressively across our technology, product, and engineering teams, we will be further deepening our research on vision-based perception, low latency remote operations, and proprietary Flo operating system. Autonomous tech is finding its way around multiple applications and I believe our platform-centric approach and subscription-based pricing will pave the way to build a multi-billion-dollar business.”
Umesh Uttamchandani, Co-founder and CGO, DevX, said, “At DVF (DevX Venture Fund), our investment approach largely revolves around having a strong founding team which, someone of the likes of Manesh with a previous exit under the belt where his venture was acquired by Jio Embibe, serves as a perfect match. Smart solutions for the Autonomy-as-a-Service are the future and given Flo Mobility’s deep understanding and tech capabilities, I am confident that their offerings will find many takers. Going forward, we strongly anticipate a massive impact on the sector, given the game-changing proposition that Flo Mobility’s offerings have.”
