Lead by entrepreneurs Kanav Manchanda and Kshitij Bajaj, Dandera Technologies presented a strong case on Shark Tank on their Otua Electric three-wheeler. Renowned for its outstanding characteristics, Otua Electric Bikes is a three-wheeler. Among those characteristics are a 165-kilometer range and a remarkable 1-ton carrying capacity double the industry standard. Driven by the creative battery, this car shows steady performance on Indian roadways regardless of the surroundings. Its adaptability—that of a logistical vehicle, passenger carrier, even a food truck—sets it unique. Value their company at ₹100 crores, the founders requested ₹1 crore in exchange for a 1% stock share during their pitch.
Founders of this company have put ₹70 lakhs of their own money in it. The company also recently struck an agreement whereby it sold 49% of it to another company (Exponents), which has promised a cash investment of ₹30 crores in Dandera Technologies. The new company the businessmen teamed with infuriated the sharks.
Company Name: Dandera Technologies
Founder: Kanav Manchanda and Kshitij Bajaj
Product: Electric Auto Vehicle
Highlights
1. First-of- its-kind in its category, monocoque chassis provide exceptional durability and safety.
2. Covering 165 kilometers on a single charge, High Range & Payload transports up to 1 ton, double industry average.
3. Advanced Battery Technology: Minimal downtime via fast-charging lithium-ion batteries.
4. Ergonomic and spacious design offers drivers lots of legroom, simple access and egress, and a comfortable ride.
5. Equipped with shock absorbs and independent suspension for improved balance and smooth rides, anti-tilt stability
6. Features an openable deck, which qualifies for several logistics uses, versatile cargo handling.
7. Included with GPS navigation, maintenance tracking, and an incident warning system for improved fleet management is smart tech integration.
Pitch Details
Ask: ₹1 crore for 1% equity (Valuation: ₹100 crores).
Deal: After negotiation Ashneer Grover, finished the deal at ₹1 lakh for 1% equity and ₹99 lakhs debt.
Investors: The investment came from Ashneer Grover.
Conclusion: Dandera Technologies’ Shark Tank India pitch highlighted OTUA as a transforming answer for India’s transportation and logistical problems. The company’s dedication to ongoing innovation and solving practical issues spoke to the sharks, which resulted in Ashneer Grover’s investment. Combining sophisticated engineering, driver-oriented design, and technological integration, OTUA makes a strong case in the electric vehicle space. Aiming to enter four- and six-wheeler markets, Dandera Technologies seeks to revolutionize sustainable urban mobility in India.
