You are here: Home » Companies » Start-ups » News
Business Standard

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

start-up | funding

BS Reporter  |  Mumbai 

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

Minus Zero, the self-driving vehicle start-up, has raised $1.7 million in a seed round led by Chiratae Ventures and clocking participation from JITO Angel Network.

Angel investors from the autonomous vehicles industry, including senior executives from NVIDIA & Lyft based out of Silicon Valley, participated in the round. The company said it will use the for building an autonomous vehicle R&D infrastructure and expanding its team.

“Autonomous vehicles (AV) are no more a thing of the future and need to become a reality now. Scaling AV adoption beyond the current limited usage in specific cities and high-end cars, requires a reimagination beyond relying on expensive technologies like Lidar and training over millions of hours of data,” said TCM Sundaram, founder and vice chairman of Chiratae Ventures.

The company plans the public launch of its first AV use-case in late 2022 to early 2023, potentially making it one of the first to get a product out in the market.

From what started merely as a research paper a few years back, Gagandeep Reehal and Gursimran Kalra founded Minus Zero in 2021. In terms of technology Minus Zero relies solely on a monocular camera for sensing and using compute much less than what one might use to play modern computer games.

Gagandeep Reehal, CEO & CTO said, “With multiple patents in the pipeline, our proprietary approach towards self-driving mimics human intuition giving the software an ability to gain confident insights even with lesser data inputs. This enables robust decision making, which is crucial for safe navigation in scenarios where extrinsic factors like poor traffic infrastructure, rash driving, harsh weather, etc. would have otherwise compromised with the safety of the vehicle. Safety is and will be our foremost priority.”

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 23 2022. 15:58 IST