Apart from other angel investors, Flo Mobility, a firm developing vision-based autonomous driving technology for a variety of vehicles, has raised $400,000 in funding from DevX Venture Fund, Venture Garage Angels, and Blume Founders Fund.

The mobility firm, founded in 2019 by Manesh Jain and Mohan Sivam, aims to provide autonomy-as-a-service by integrating its technology into everything from electric scooters to agri-weeders and even lawn mowers.

It claims that its cost-effective, compute-light, and interoperable stack can be applied to current vehicles and equipment, allowing them to function autonomously or remotely.

“Autonomous tech is finding its way around multiple applications and I believe our platform centric approach and subscription based pricing will pave the way to build a multi billion dollar business,” said Jain, who is also the CEO of Flo Mobility.

He also stated that the company is rapidly hiring to expand its technology, product, and engineering teams in order to support its research into vision-based perception, low latency remote operations, and the development of the Flo operating system.

Mockbank, an edutech business started by Jain, was bought by Embibe, which is now part of the Reliance Jio Infocomm family.

“We see a great future in autonomous technologies and an estimated market opportunity of US$ 40-50 bn. The team has the right domain understanding, not only to build the tech but to also expand globally”, says Vivek Kumar, CEO at Venture Garage.

Flo Mobility plans to use the funds to extend its network in India, as well as in Europe, the United States, the Middle East, and East Asia.