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The Pitch
#117 Lotus: Hardware Hail Mary
Sep 6, 2023
Former Apple engineer turned hardware startup founder, Dhaval Patel, discusses his moonshot hardware company, Lotus, which aims to turn every home into a smart home using old technology. He introduces Lotus, a wearable ring that controls home devices using infrared technology. The podcast explores market potential, challenges, funding, and the importance of vulnerability in leadership.
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Quick takeaways
- Lotus is a hardware startup that aims to revolutionize the smart home industry by using a wearable ring that utilizes infrared technology to control objects at home through simple gestures, eliminating the need for apps and internet connectivity.
- Lotus has generated significant market interest and pilot partnerships with organizations like Veterans Affairs and the state of New York, indicating early traction and potential for widespread adoption, especially in senior living facilities due to its ability to enhance safety and autonomy for older adults.
Deep dives
Lotus: Revolutionizing Smart Homes with Wearable Technology
Lotus is a hardware startup aiming to revolutionize the smart home industry without the need for smart technology. Their patented wearable ring eliminates the use of apps and internet connectivity by utilizing infrared technology to control objects at home through simple pointing gestures. With a focus on accessibility, Lotus is targeting the 27 million people with limited mobility, such as soldiers, older adults, and disabled individuals. The $335 billion market for smart homes remains largely untapped, and Lotus aims to bridge this gap by providing an easy and affordable solution for anyone to transform their home into a smart home.
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