Funding · Mobility & Logistics

Edgeverse raises ₹3 crore from GVFL

By Startup Enthusiast · 28 August 2026

What they do

Edgeverse builds edge AI perception software for two-wheeler safety

It raised ₹3 crore (~$340,000) from GVFL, adding to a ₹1.85 crore seed round

The startup targets OEMs and Tier-1 suppliers for rider assistance systems

Edgeverse raised ₹3 crore (~$340,000) from GVFL.
The round was announced in August 2026.
Edgeverse had earlier raised a seed round of ₹1.85 crore from ARTPARK (IISc Bengaluru).
Total disclosed funding is now about ₹4.85 crore (~$360,000+).
The funds will be used to accelerate product development and wider commercial deployment.
Edgeverse won the NASSCOM Mobility Innovation Challenge 2025.

Indian two-wheeler road fatalities in 2023 were about 77,000 riders and pillions (44.8% of 1.72 lakh total).
There are 375-400 million two-wheelers on Indian roads.
Domestic two-wheeler sales in FY2025-26 hit 21.7 million (highest ever, +10.7% YoY).
Two-wheeler driver assistance is rare due to cost, size, and power constraints compared to cars.
Indian road conditions require an India-specific dataset (loose lane discipline, autos, carts, livestock).

Edgeverse is a deep-tech company focused on edge AI perception for mobility.
Its product Perceiva ARAS is an Advanced Rider Assistance System software stack for camera and radar.
Its product Perceiva DMS is a camera-based Driver Monitoring System for commercial vehicles.
It also offers a radar perception stack and an integrated ARAS solution with processor hardware, sensors, and proprietary software.
Edgeverse has built its own processor board and camera module.
Its technology is a hardware-agnostic perception stack combining edge AI with cameras and radar.
Target customers are OEMs and Tier-1 suppliers for two-wheelers.
On-road testing for front and rear collision detection has been completed.
It has demonstrated its product to potential customer Ather and is engaging with Cavli and Qualcomm.
Edgeverse is in advanced talks with large global Tier-1 suppliers.

In the next 6-12 months, Edgeverse plans to build an Indian road dataset covering 100,000 km.
It will develop a 2MP camera and 77 GHz radar module.
It aims to sign multiple commercial agreements for ARAS and DMS.
It will strengthen the team and explore industrial automation and defence.

GVFL (lead) — GVFL is a venture capital firm set up in 1990 in Ahmedabad, with Managing Director Mihir Joshi.

Product: Hardware-agnostic perception stack combining edge AI with camera and radar sensors
Customers: OEMs and Tier-I suppliers deploying safety and perception systems in vehicles
How it makes money: Software licensing and integrated solutions with processor hardware and sensors
What sets it apart: Perceiva ARAS Advanced Rider Assistance System for camera and radar applications