Journey of Swostik Sourav Dash: Co-Founder and CEO of NeoMotion-Entrepreneur
Biography of Swostik Sourav Dash:
Swostik Sourav Dash is the Co-Founder and CEO of NeoMotion,
a pioneering startup focused on creating innovative solutions for the disabled
and elderly. His journey into this field began during his time at the Indian
Institute of Technology (IIT) Madras, where he developed a passion for
assistive devices while working on a project to design a swimming pool lift for
individuals with physical challenges.
Academic Foundations
Swostik earned his Bachelor of Technology in Mechanical
Engineering from IIT Madras in 2013, followed by a Master of Technology in
Product Design. His education laid a solid foundation for his career, fostering
a deep interest in product design and innovation that would later drive the
mission of NeoMotion.
Early Career Path
After completing his studies, Swostik began his professional
journey at ITC Limited, where he worked as an Assistant Manager in Projects.
However, his desire to create meaningful products led him back to IIT Madras
after just two years, where he joined a project focused on developing standing
wheelchairs.
Realizing a Need
During his time on the standing wheelchair project, Swostik
and his team traveled across India, interacting with over 200 wheelchair users.
This experience exposed them to the limitations of existing mobility devices
and highlighted the need for better-designed products that could enhance users'
independence and quality of life.
Founding NeoMotion
In May 2016, fueled by his passion and insights gained from
user interactions, Swostik co-founded NeoMotion. The company aimed to create
life-transformative products tailored to the needs of the physically challenged
and elderly, emphasizing comfort, functionality, and style.
Innovative Products
NeoMotion's flagship products include NeoFly, a personalized
wheelchair designed for optimal health and energy efficiency, and NeoBolt, an
add-on that converts the NeoFly into a roadworthy vehicle. These innovations
empower wheelchair users to explore their surroundings, pursue education, and
seek employment.
Journey of Swostik Sourav Dash: Co-Founder and CEO of NeoMotion-Entrepreneur/age/net worth/investor/startup/solutions for the disabled and elderly/
Recognition on Shark Tank
NeoMotion garnered significant attention when it appeared on
Shark Tank India. The pitch impressed the judges, and the company successfully
raised ₹1 crore for 1% equity, achieving a valuation of ₹100 crore. Peyush
Bansal invested in the startup with a unique condition: he would receive 5% of
profits until his investment was recouped, with those funds designated for
donation.
Personal Motivation
Swostik's commitment to assistive technology is deeply
personal. He believes in the importance of designing products that not only
serve functional purposes but also enhance the dignity and independence of
their users. His journey reflects a desire to give back to society by
addressing the challenges faced by individuals with disabilities.
Building a Supportive Ecosystem
Beyond product development, Swostik emphasizes the need for
infrastructure that supports wheelchair users. He advocates for creating more
accessible environments, pointing out various challenges they face daily. His
insights offer practical solutions for making public spaces more accommodating.
Passion for Prototyping
From a young age, Swostik enjoyed building prototypes and
participating in science exhibitions. His time at IIT Madras allowed him to
further this passion, particularly through involvement in the Centre for
Innovation, where he honed his skills in designing and developing engineering
solutions.
Emphasizing Customization
A key aspect of NeoMotion's approach is the customization of
products according to individual user needs. Swostik and his team focus on
understanding the unique requirements of each customer to deliver tailored
solutions that enhance their mobility and quality of life.
User-Centric Design Philosophy
NeoMotion's design philosophy revolves around a user-centric
approach. By involving users in the development process, the company ensures
that its products not only meet technical specifications but also resonate with
the everyday experiences of those they serve.
Commitment to Quality
Quality is a critical factor for NeoMotion. Swostik leads a
team dedicated to maintaining high standards in product design and
manufacturing, ensuring that each wheelchair and accessory is built to last and
performs reliably in various conditions.
Expanding Impact
With a growing range of products, NeoMotion aims to expand
its impact on the lives of disabled and elderly individuals across India. The
company’s vision includes broadening its product line and reaching more users,
empowering them with the tools they need to lead active, fulfilling lives.
Looking Ahead
As NeoMotion continues to innovate and expand, Swostik
Sourav Dash remains committed to his mission of transforming lives through
technology. His journey exemplifies how passion, education, and a desire to
make a difference can lead to meaningful change in society.
A timeline of Swostik Sourav Dash and NeoMotion’s journey:
2013: Swostik graduates with a B.Tech in Mechanical
Engineering from IIT Madras.
2015: Swostik works on a standing wheelchair project at IIT
Madras, gaining insights into user needs.
May 2016: Co-founds NeoMotion to create innovative solutions
for the disabled and elderly.
2016: Launches NeoMotion’s flagship products, including
NeoFly and NeoBolt, enhancing mobility for wheelchair users.
2021: NeoMotion appears on Shark Tank India, raising ₹1
crore for 1% equity at a valuation of ₹100 crore.
2021: Peyush Bansal invests with a unique condition of
profit-sharing for donations.
2024: NeoMotion continues to expand its product range and
impact on the lives of disabled and elderly individuals.
