#smart cycling helmet 2023

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Best Smart Bike Helmet, Bluetooth Bike Helmet with LED Light, SOS Alarm, Turn Signal 2023

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MYBYK Founders

The last decade has seen a significant shift in urban transportation trends, and one of the players at the forefront of this shift is MyByk. MyByk is a bicycle rental service that has become the go-to option for urban commuters in India. 

              This article aims to provide an in-depth look into the founders of MyByk, the company's history, and its impact on the urban transportation industry in India.

History of MyByk

MyByk was founded by Arijit Soni, a mechanical engineer from Mumbai University. The idea of MyByk came to Arijit while he was studying in the United States, where he noticed the widespread use of bicycles as a means of transportation. He saw the potential of bicycles in India's congested urban cities and decided to create a bicycle rental service that was affordable and accessible.

The brand name, MyByk, is a play on the words 'my bike,' which highlights the company's aim to provide personalized and convenient bicycle rental services to its customers. MyByk's initial operations were in Pune, a city in western India, and it has since expanded to other cities like Mumbai and Bangalore.

Product and Pricing

MyByk's product is a bicycle rental service that offers bicycles on rent on an hourly, weekly, and monthly basis. The rent for two hours is ₹49, the weekly rate is ₹199, and the monthly rate is ₹499. The service is user-friendly and can be accessed through the MyByk app, which allows customers to locate and rent bicycles from various locations across the city.

The bicycles offered by MyByk are well-maintained and come with safety features like helmets, lights, and reflectors. The company also offers customization options for corporate clients who can brand bicycles with their logos and colors.

Impact on the Urban Transportation Industry

MyByk has had a significant impact on the urban transportation industry in India. With rising fuel prices and increasing traffic congestion, the need for sustainable transportation options has become more pressing. MyByk's bicycle rental service provides an affordable and eco-friendly alternative to traditional modes of transportation like cars and motorcycles.

The service has also encouraged more people to take up cycling as a form of exercise and leisure. MyByk has partnered with various organizations to promote cycling as a healthy and sustainable lifestyle choice. The company's efforts to create a culture of cycling in urban cities have been recognized with awards like the Smart City Empowering India Award.

Another challenge has been infrastructure. Indian cities are not designed for cycling, and the lack of dedicated cycling lanes and parking facilities has made it challenging for MyByk to operate. MyByk's founders have had to work with local authorities and organizations to create cycling-friendly infrastructure in the cities they operate in.

MyByk is not the only player in the bicycle rental market in India. The market has seen the entry of several players in recent years, including Ola Bikes, Yulu, and Bounce. These companies offer similar services to MyByk and are also focused on promoting cycling as a sustainable mode of transportation.

Founders of MyByk

Arijit Soni is the founder and CEO of MyByk. Before starting MyByk, Arijit worked as a consultant at Deloitte and later as a product manager at Citrix. Arijit's passion for cycling and his desire to create a sustainable transportation option for urban commuters led him to start MyByk.

Apart from Arijit, MyByk has two other co-founders, Jayesh Patel, and Hiren Patel. Jayesh Patel is the COO of MyByk and has experience in the hospitality and real estate industries. Hiren Patel is the CTO of MyByk and has expertise in software development and data analytics.

Company Valuation

As of 2023, MyByk has a valuation of ₹200 crores, making it one of the most valuable bicycle rental services in India. The company has raised funds from various investors, including the Indian Angel Network, and has also received grants from government organizations like the Department of Science and Technology.

MyByk has ambitious plans for the future. The company aims to expand its operations to more cities across India and increase its fleet size. MyByk also plans to launch a dockless bicycle rental service that will allow customers to pick up and drop off bicycles at any location within a designated area. The dockless service will provide even greater convenience and accessibility to customers.

MyByk is also exploring the use of electric bicycles in its fleet. Electric bicycles are gaining popularity in India as they offer the benefits of cycling while reducing the effort required. MyByk aims to provide electric bicycles as an option for customers who want to cover longer distances or tackle hilly terrain.

Another area that MyByk is focusing on is corporate partnerships. The company has already partnered with several corporate clients to provide bicycles for their employees. MyByk plans to expand these partnerships and provide customized solutions for corporate clients, such as dedicated bicycle parking and maintenance services.

The Founders' Vision

The founders of MyByk Shark Tank have a shared vision of creating a sustainable and convenient transportation option for urban commuters in India. They believe that bicycles can play a significant role in reducing traffic congestion and air pollution in cities. The founders' passion for cycling and their commitment to sustainability are evident in the way they have built MyByk.

The founders' vision is not limited to MyByk alone. They see MyByk as a catalyst for change in the urban transportation industry in India. They believe that MyByk's success can inspire others to create sustainable transportation solutions and promote cycling as a viable mode of transportation.

MyByk has faced several challenges in its journey so far. One of the biggest challenges has been changing the mindset of Indian consumers toward cycling. Cycling is often seen as a low-status mode of transportation in India, and many people prefer cars or motorcycles as a status symbol. MyByk's founders have had to work hard to create a culture of cycling and to make it an aspirational choice.

However, MyByk's founders believe that their focus on customer experience and their commitment to sustainability sets them apart from their competitors. MyByk has invested heavily in technology to make the rental process seamless and convenient for customers. The company also has a strong focus on sustainability, and this has resonated with customers who are increasingly concerned about the impact of transportation on the environment.

Conclusion

MyByk is a shining example of how innovation and entrepreneurship can drive positive change in society. The founders of MyByk have created a sustainable and convenient transportation option for urban commuters in India, and their efforts have been recognized with awards and accolades.

MyByk's success is a testament to the growing demand for sustainable transportation options in India. The company has shown that bicycles can be a viable mode of transportation in urban cities and can offer several benefits over traditional modes of transportation like cars and motorcycles.

The founders of MyByk have a shared vision of creating a more sustainable and convenient transportation ecosystem in India. Their focus on customer experience and sustainability has set MyByk apart from its competitors, and the company is well-positioned for future growth and success. 

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Helmet Industry Key Manufacturers, Analysis and 2023 Forecasts for Global Market

Helmet is a form of protective gear worn to protect the head from injuries. All helmets attempt to protect the user's head by absorbing mechanical energy and protecting against penetration. In this report, Sports helmets (football, ski, etc.), Bicycle helmets, Motor vehicle helmets and Smart helmets are analyzed.

Smart helmets are combinations of ordinary helmets and high technologies, and they have a variety of intellectual functions according to diverse applications. But the development of smart helmets is still in initial stage, the number of smart helmets is very small compared with ordinary helmets, so in the report, we just give some introduction about the current situation of smart helmets and forecast the development trend of smart helmets market in the next few years. The worldwide market for Helmet is expected to grow at a CAGR of roughly 1.5% over the next five years, will reach 5590 million US$ in 2023, from 5130 million US$ in 2017.

Key Strategies of leading players

·         Enhance productivity and optimizing back end manufacturing processes

·         Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes

·         Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets

·         Focusing on cost effective production of devices with stability and robustness

·         Strategies for Product differentiation and adjusting to the life cycle changes

·         Strengthening collaboration with suppliers and distributors

·         More focused strategies are found in the report

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This report focuses on the Helmet in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

For industry structure analysis, the Helmets industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 29.12% of the revenue market. Regionally, Europe is the biggest production value area of valves, also the leader in the whole Helmets industry.

China occupied 30.67% of the production market in 2015. It is followed by Europe and USA, which respectively account for around 23.35% and 17.37% of the global total industry. Other countries have a small amount of production. Geographically, China was the largest consumption market in the world, which took about 29.20% of the global consumption volume in 2015.

Market Segment by Manufacturers, this report covers BRG Sports, Schuberth, Nolan, Rudy Project, YOHE, HJC, Limar, AGV (Dainese), Hehui Group, Pengcheng Helmets, AIROH, Yema, Trek Bicycle Corporation, Safety Helmets MFG, Dorel, MET, Nanhai Xinyuan Helmets, Jiujiang Jiadeshi, Zhejiang Jixiang, OGK Kabuto, Orbea, Studds and PT Tarakusuma Indah.

The study presents reliable qualitative and quantitative insights into:

·         Market segments and sub-segments

·         Market trends and dynamics

·         Supply and demand chain of the market

·         Market valuation (revenue and/or volume)

·         Key trends/opportunities/challenges

·         Forces defining present and estimated future state of the competitive landscape

·         Technological developments

·         Value chain and stakeholder analysis

  Market Segment by Regions, regional analysis covers

·         North America (United States, Canada and Mexico)

·         Europe (Germany, France, UK, Russia and Italy)

·         Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

·         South America (Brazil, Argentina, Colombia etc.)

·         Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

·         Motorcycle Helmets

·         Bicycle Helmets

·         Other Helmets

Market Segment by Applications, can be divided into

·         Transportation

·         Sport

·         Dangerous Work Activities

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This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Helmet market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Scope of Report:

·         Chapter 1, to describe Helmet Introduction, product scope, market overview, market opportunities, market risk, market driving force;

·         Chapter 2, to analyze the top manufacturers of Helmet, with sales, revenue, and price of Helmet, in 2016 and 2017;

·         Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

·         Chapter 4, to show the global market by regions, with sales, revenue and market share of Helmet, for each region, from 2013 to 2018;

·         Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

·         Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

·         Chapter 12, Helmet market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

·         Chapter 13, 14 and 15, to describe Helmet sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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