Virtual Reality can make workouts quite interesting and motivating and so Korean startup M2Me Co. Ltd has launched an IoT sensor that can convert indoor fitness equipment to VR Fitness equipment. The product VRFit offers a Virtual Gym with a VR and game system to motivate workout sessions.
Low cost, easy to use sensor for all fitness equipment
Virtual Reality in Fitness is not a new concept, but the VR fitness equipment available in the market are expensive, costing from $2000 to over $90,000. M2Me’s VRFit uses the advantage of Virtual Reality through a simple IoT sensor that can be attached to a moving part of the equipment, like a pedal for a bike, and it converts the equipment to VR equipment. The sensor costs only about $50.
The attached sensor can be connected to the smartphone with Bluetooth. Since it is supplied as a rechargeable battery, no separate wiring is required. The sensor is compatible with most equipment like a stationary bike, rowing machine, stepper, elliptical, horse-riding equipment, boxing and many more exercises. VRFit can also count automatically with smartphone sensors for squats, sit ups, pushups and jump rope.
With VR goggles, the user can use the Android applications to automatically record and analyze their momentum. VRFit also offers interesting situations for users, where they can compete in the virtual world with other users while cycling or rowing or they can play an obstacle avoidance game while on the stepper.
Vision to introduce innovation in Fitness industry
M2Me Co. Ltd’s sales model is to provide VRFit through the global app. store network. Since the sensor is not bulky fitness equipment, it can be easily exported to any country. The Company visualises a greater demand for its product with the deployment of 5G handset and services in the near future. 5G can enhance VRFit service quality with better download & streaming speed and handset performance. The startup has participated in many IT shows and approached for crowdfunding events in the US and China for investments. In February 2019, the startup received 5,250,000 won in crowdfunding through wadiz.kr, the Korean crowdfunding platform. M2Me is now looking to raise further seed investment for a global launch.
The startup was established in 2005 specialising in leading-edge IoT solution and mobile software. The company’s team developed the world’s first remote control device for home appliances with a dongle plugged into a mobile audio terminal in 2011. It also developed built-in apps for Tablet of Hong Kong company Auratech and exported PLDT OEM to Philippines (Home Control, Home Care, FamChat, etc.) With VRFit, the startup team now wants to innovate the fitness industry and also wants to motivate more people to adopt a healthy way of living.
M2Me Co. Ltd is attending the ‘Guro Innovation Summit’ 2019 to pitch its service for exploring investment and funding opportunities. The Summit is to be organized by the Guro district office and Seoul Venture Incubator (SVI) in partnership with beSUCCESS on July 18th, 2019 at the G-Valley Convention.