Gear Head Motors, which debuted their environmentally friendly electric motorcycles on Shark Tank India Season 2. The company emphasizes on offering reasonably priced, performance-oriented bikes with sustainability. Inspired by the promise of the Indian electric vehicle market, the Sharks made investments in the business to help it to grow and expand manufacturing.
Company Name: Gear Head Motors
Founder: Nikhil Gunda and V Sai Meher Krishna
Product: Affordable Electric Bicycles and Tricycles
Highlights
1. Designed to lower carbon emissions, eco-friendly sustainable substitutes for conventional fuel-powered motorcycles.
2.Designed for great performance, this will satisfy daily commuting as well as extended rides.
3.Targeting the mass market with reasonably priced electric cars helps to support budgets.
4.Designed for dependability and longevity, it fit Indian road conditions.
5.Equipped with long-lasting batteries with remarkable range per charge, batteries life.
6.Using government assistance and incentives for electric mobility in India, one can achieve.
Pitch Details
Ask: ₹75 Lakhs for 2% Equity (Valuation: ₹37.5 crores)
Deal: After negotiations Aman Gupta and Peyush Bansal invested ₹1 crore for an 6.67% equity.
Investors: The investment came from Aman Gupta and Peyush Bansal
Conclusion
Ultimately, Gear Head Motors effectively argued for their electric motorbikes as a reasonably priced, environmentally friendly, high-performance substitute for conventional fuel-powered bikes. Their pitch connected with the Sharks since their obvious concentration on the rising demand for electric automobiles in India. They positioned themselves to leverage the growing electric transportation market by securing the funds required to scale manufacturing and increase their footprint. Apart from financial backing, the agreement confirmed their ambition of transforming Indian transportation with environmentally friendly, dependable electric motorcycles.
Key Takeaways from the Episode
1. Attracting money depends on scalability.
2. Stronger impact comes from clear, short pitches.
3. Different sectors displayed the wide market potential.
4. The Sharks found entrepreneurs to be resilient and flexible.
5. Sharks search for mentoring chances alongside financial ones.
