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Swytchd Shark Tank India Season 2

by IndiaSuccessStories
written by IndiaSuccessStories 0 comment
Swytchd Shark Tank India Season 2 Got No Deal from the sharks.

Swytchd Shark Tank India Season 2

Pitch no 122 with company details

Swytchd

The all-inclusive subscription for electric cars. All the advantages of ownership without any of the work. Included in a one-month commitment are insurance, servicing, breakdown assistance, and complimentary public network charging. No down payment is necessary! Visit swytchd.com to sign up for the waitlist without cost.

Founder of Swytchd

Sameer founded SWYTCHD after recognizing that there are still major obstacles to entry for EVs.

Swytchd Funding Round

Company Name

Swytchd

Shark Tank India Season

2

Episode No

38

Season No

2

Brand

Swytchd

Idea

Subscription based electric vehicle rental

Original Ask

50 Lakhs for 3% Equity

Deal

No Deal

Invested By:

——

At the core of Swytchd's pitch was a commitment to sustainability and innovation. By harnessing the power of electric vehicles and leveraging a subscription-based model, Swytchd sought to address the challenges of urban congestion, air pollution, and reliance on fossil fuels. With a focus on convenience and affordability, Swytchd aimed to empower individuals to embrace eco-friendly transportation alternatives without compromising on flexibility or convenience.

The Pitch:

Swytchd entered the tank with a bold proposition: to offer convenient and eco-friendly transportation options through their subscription-based electric vehicle rental service. With an original ask of 50 Lakhs for 3% equity, Swytchd aimed to capitalize on the growing demand for sustainable mobility solutions, providing urban dwellers with access to electric vehicles on a flexible and affordable basis.

The Deal:

Despite the potential of their business model and the growing interest in sustainable mobility solutions, Swytchd left the tank without securing a deal. While the sharks recognized the merits of Swytchd's vision and its alignment with the global shift towards electric vehicles, concerns may have arisen regarding market scalability, infrastructure challenges, or competitive differentiation. Nevertheless, Swytchd's journey on Shark Tank India Season 2 serves as a testament to the importance of innovation and sustainability in shaping the future of transportation.

Conclusion:

Swytchd's appearance on Shark Tank India Season 2, Episode 38 underscores the importance of sustainable transportation solutions in addressing the challenges of urbanization and climate change. While their journey in the tank may not have resulted in a deal, Swytchd's commitment to innovation and sustainability remains unwavering, inspiring individuals and businesses to embrace eco-friendly alternatives and build a greener, cleaner future for generations to come.

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