Arcatron is a startup building mobility devices for individuals with limited mobility and elderly care needs. It designs products to enable consumers for leading more independent and active lifestyles aims to uniquely solve unmet needs for elderly and mobility impaired. The startup was founded in 2012 by Ganesh Sonawane, Laxmikant Banjarey and Dewaj Baruah.
Arcatron is building the next generation of devices to enhance lives of people with limited mobility and elderly care needs. The motto that leads them is “Purpose Driven Innovation” for solving unmet needs in focus segments. They design products to enable their consumers to lead a more independent and active lifestyles.
In a fresh information regarding the startup, Pune-based Arcatron Mobility has raised $100,000 funding led by Vaibhav Kulkarni (CEO of Anandkanda) and Sudhir Mehta from Indian Angel Network.
While talking about the funding, Ganesh Sonawane, CEO Arcatron mentioned,
“We are fortunate to bring in investors who are like minded and have a lot more to add than funding. Vaibhav brings in a high quality execution experience in healthcare domain. While Mr Sudhir Mehta is MD of Pinnacle industries which is our manufacturing partner, this helps us remain asset light and focus on core functions.”
Arcatron, capitalized the fact that the trillion dollar elder care sector was lagging behind in use of technology, leading to high costs of care, preventable injuries, fatalities and poor quality of lives. And hence, to fill in this gap, Arcatron was born. At least 100 people from its pilots have been able to improve their hygiene routines and safety involved in their activities of daily living. And this is a very good sign for the startup.
The current round of funding is a convertible note seed round which will help the startup carry on R&D, International Patent filings and field trials for planned product before raising the angel round.