Start-up SEPAL has unveiled the SEPAL in Shark Tank, a novel canopy meant to protect motorcyclists from all kinds of weather, including sun, rain, wind blows, and severe temperatures. Built with robust fibre-reinforced plastic able to resist speeds up to 120KmpH, this invention provides riders with all-around safety. They say they are the first of their kind on Earth. In 25 States in India, SEPAL is used; it has also been exported worldwide.
SEPAL also turns a bike into smart bike so users may utilise buttons to control the phone screen. It covers phone calls, navigation, etc. Any person will find SEPAL straightforward to install. Although the company priced SEPAL at ₹10,000, founders say it is conceivable to sell this for ₹5000 with more manufacturing quantities. In the seven months after their launch, their lifetime sales come at 1000 pieces. Yesterday, they sold 160 units. Their final three months’ numbers were at ₹10 lakhs, ₹12 lakhs and ₹13 lakhs for months on June, July and August separately as the pitch was set for September 2022. They anticipate net of 17% while their gross margin is 37%.
Design patient granted to SEPAL is their own.
Founders revealed that they had also made a prior investment of ₹2.2 Crores at $3 million valuation, which equates to roughly ₹22.5 Crores. This also was carried out in 2022. The company realised this innovation would be commoditised; hence their goal is to migrate towards IOT platforms in few years.
Company Name: Sepal
Founder: Kashyap Addepally & Vidhey Addepally
Product: Motorcycle Canopy
Highlights
1. Shields cyclists from rain, sun, dust, and wind, so guaranteeing a more pleasant ride.
2. Built to keep stability and balance, aerodynamic design helps to lower drag by lowering wind resistance.
3. Portable and detachable; easy installation and removal are possible when not required.
4. Designed to be compatible with most motorcycles without calling for significant changes, Universal Fit
5. Made from robust yet lightweight materials to guarantee lifetime without compromising bike performance, durable and lightweight materials assure.
6. Improved Safety: Long trips become safer and more comfortable when environmental dangers are minimised.
7. Reasonably priced and practical, positioned as a low-cost substitute for pricey bike modifications or autos for weather protection.
Pitch Details
Ask: ₹50 lakhs for 1% equity, valuing the company at ₹50 crores.
Deal: After negotiation Peyush Bansal finished the deal at ₹50 Lakhs for 2% equity.
Investors: The investment came from Peyush Bansal.
Conclusion:
Sepal showed off a creative motorcycle canopy meant to shield riders from strong winds. Although the device solved a genuine issue, some sharks expressed worries on its market demand, scalability, and feasibility. Amit Jain, however, saw promise in the concept and made a proposition for two percent stake at ₹50 lakhs that the founders approved.
The pitch underlined the need of using clever, reasonably priced ideas to address daily commuter problems, which makes Sepal a potential fix for bikers looking for comfort and safety.
