Lumos will use fresh funds to extend 'smart helmet' product line

Singapore

A MISSION to increase the safety of cyclists on the road, which began as a Kickstarter campaign in 2015, raised over US$800,000. Today, it has support from Apple and financial backing from Hong Kong-based funds and established venture capital firms.

Lumos, a startup based in Singapore, builds helmets embedded with LEDs that automatically light up when a cyclist is about to turn or brake. The movements are detected by a built-in accelerometer.

Co-founder and CEO Ding Eu-wen told The Business Times that the company closed a US$2.14 million round of seed funding in August, led by …