Info-tech

Arcatron Mobility raises funds from Indian Angel Network

Priyanka Pani Mumbai | Updated on January 11, 2018 Published on July 12, 2017

Arcatron Mobility, which manufactures next generation devices to make assisted living more dignified and safe, has raised an undisclosed funding led by Sudhir Mehta, Harish Mehta and Ketan Dalal from the Indian Angel Network.

Founded in 2015 by four NIT Calicut alumni, Ganesh Sonawane, Laxmikant Banjarey, Kunal Kamble and Dewaj Baruah, Arcatron will use the funds raised for the production launch of Frido, an innovative Self Driven Shower and Commode Wheelchair, which fits in a suitcase. In addition, funds will also be utilised to set up online and offline sales channels across major cities in India and filing of IP for future products such as the Frido Lite.

Indian Angel Network Lead Sudhir Mehta said in a statement, "Arcatron Mobility is doing a tremendous job in simplifying and improving lives of elderly and locomotor impaired individuals, enabling them to lead more independent and active lifestyles. At IAN, we are happy to make this design lead manufacturing investment.”

With a mission to advance global standards of assisted living and make it dignified and safer, Arcatron is building the next generation of devices to enhance the lives of people with limited mobility and elderly care needs.

Commenting on the development, Ganesh Sonawane, Co-Founder & CEO, Arcatron Mobility said, “We are extremely delighted to bring in investors who are like-minded and have a lot more to add than funding. We are also working on developing various products such as the Frido Lite, which has the potential to replace most of the transport wheelchairs used by elderly individuals, tourism companies and hospitals. Currently, no product available in India allows people with limited mobility to safely access bathrooms in their homes and on the go Frido will help solve this problem.

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Published on July 12, 2017
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