Potential Motors

Potential Motors

Develops ADAS software for off-road vehicles

About

Potential Motors develops Advanced Driver Assistance Systems (ADAS) specifically for off-road vehicles. Their technology uses AI-driven forward-facing sensors to help vehicles detect and understand their surroundings, allowing them to navigate challenging terrains more effectively. This software enhances the vehicle's ability to interact with both off-road and on-road environments. Unlike many competitors, Potential Motors focuses exclusively on off-road applications, catering to clients in the automotive industry who require specialized solutions for rugged conditions. The company's goal is to improve vehicle safety and performance in extreme environments by providing innovative software solutions that can be licensed to vehicle manufacturers and other automotive stakeholders.

Company Stage

Seed

Employees

11-50

Industries

Automotive & Transportation, Enterprise Software, AI & Machine Learning

Total Funding

$4.4M

Headquarters

Fredericton, Canada

Founded

2018


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Simplify's Take

What believers are saying

  • Potential Motors raised CA$8.5M since May 2020 for commercialization.
  • AI integration with LiDAR enhances terrain mapping and obstacle detection.
  • Collaborations with automotive manufacturers facilitate advanced AI system integration.

What critics are saying

  • Emerging competition from Overland AI threatens market share in defense sector.
  • Reliance on continuous funding may indicate financial instability.
  • Rapid AI advancements could render current offerings obsolete if innovation lags.

What makes Potential Motors unique

  • Potential Motors specializes in AI-driven ADAS for off-road vehicles.
  • Their Terrain Intelligence system enhances vehicle control in extreme environments.
  • They collaborate with OEMs in motorcycles, powersports, defense, and automotive sectors.

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Growth & Insights
Headcount

6 month growth

11%

1 year growth

5%

2 year growth

5%

Benefits

Professional Development Budget

Flexible Work Hours

Company Social Events

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