Affordable, made-in- India electric motorcycles with 48V, 1-kW motor, lithium-ion battery (which charges in 3-4 hours and provides a 75km range), and top speed of 50km/h are what Deni Bikes sells. Presenting his company on Shark Tank India Season 4, Meet sought a 10% equity investment of ₹30 lakhs. Though they didn’t make any investments, the Sharks were intrigued by his technical knowledge and entrepreneurial energy and provided direction and mentoring instead.
Company Name: Demi Bikes
Founder: Meet Deore
Product: Electric Bikes
Highlights:
- Motor: 48V, 1-kW motor with a chain-drive system.
- Battery: Lithium-ion, charges in 3-4 hours.
- Range: 75 km per charge.
- Cost-Effective: Lower maintenance due to its simple electric design.
Pitch Details
Ask: ₹30 Lakhs for 10% Equity (Valuation: ₹3 crores).
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion: In conclusion of this pitch Meet Deore’s Deni Bikes pitch on Shark Tank India underlined his creative approach to design reasonably priced, environmentally sustainable electric motorcycles. The Sharks advised him to concentrate on his schooling even though they were first not interested in investing despite his technical ability and business energy. Still, the pitch highlighted his potential and attracted insightful mentoring and direction, therefore opening the path for future expansion of the company. The pitch showed that Deni Bikes has space to flourish with the correct help even if the market for electric vehicles is competitive.
