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Dandera Technologies Shark Tank India Season 1

by IndiaSuccessStories
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Dandera Technologies Shark Tank India Season 1 Got 1 Lakhs Funding in Exchange of 1% with 99 Lakhs in debt Equity by Ashneer Grover.

Dandera Technologies Shark Tank India Season 1

Pitch no 56 with company details

Dandera Technologies

Dandera is an OEM that specializes in producing cutting-edge electric vehicles. OTUA, India’s most advanced three-wheeler electric vehicle, is the result of our activities being centered around innovation and superior design thinking.

Founder of Dandera Technologies

The two founders of the startup “Dandera Technologies Private Limite” are Kanav Manchanda and Kshitij Bajaj. Their new business is an auto manufacturer supported by technology. Their true mission is to enhance people’s everyday lives, and they are launching a new product to mark the beginning of their Lastman Logistics adventure.

Dandera Technologies Funding Round

Company Name

Dandera Technologies

Shark Tank India Season

1

Episode No

18

Season No

1

Brand

Dandera Technologies

Idea

Electric Auto Vehicle

Original Ask

1 crore for 1% equity

Deal

1 lakh for 1% equity and ₹99 lakhs Debt

Invested By:

Ashneer Grover

At the heart of Dandera Technologies' pitch lay a commitment to driving positive change through innovation and sustainability. Their electric auto vehicles (EAVs) represented a paradigm shift in urban mobility, offering an environmentally friendly alternative to traditional modes of transportation. By harnessing the power of electric propulsion technology, Dandera Technologies aimed to reduce carbon emissions, improve air quality, and enhance the overall quality of life for residents in densely populated cities.

The Pitch:

Dandera Technologies' pitch aimed to address the pressing need for sustainable transportation solutions in India's urban centers. Their innovative electric auto vehicles (EAVs) offered a cleaner, quieter, and more efficient alternative to traditional petrol and diesel-powered vehicles, with the potential to reduce emissions and alleviate traffic congestion.

The Deal:

Impressed by Dandera Technologies' innovative approach to transportation and the potential for impact in addressing environmental challenges, Ashneer Grover saw an opportunity to invest in a venture with significant upside. He offered 1 lakh for a 1% equity stake and 99 lakhs in debt financing, recognizing the value of Dandera Technologies' electric auto vehicles and their potential to disrupt the automotive industry in India.

Investors Behind Dandera Technologies

Ashneer Grover: Dandera Technologies enthusiastically accepted the offer from Ashneer Grover, marking a significant milestone in their journey to revolutionize transportation with electric auto vehicles. With the backing of an experienced investor who shared their passion for sustainability and innovation, Dandera Technologies was well-positioned to accelerate the development and deployment of their electric vehicles, driving positive change in India's urban mobility landscape.

Conclusion:

The success of Dandera Technologies on Shark Tank India Season 1 underscores the growing demand for sustainable transportation solutions and the need for innovation in the automotive industry. By offering electric auto vehicles that are environmentally friendly, efficient, and affordable, Dandera Technologies is poised to lead the transition towards a cleaner and greener future. With the support of investor Ashneer Grover, Dandera Technologies is well-equipped to realize its vision of revolutionizing urban mobility and driving positive change in India's cities.

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