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Dhruv Vidyut Shark Tank India Season 2

by IndiaSuccessStories
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Dhruv Vidyut Shark Tank India Season 2 Got 100 Hours Funding in Exchange of 0.5% Equity with (Condition - 1. Dhruv Vidyut has to raise ₹ 1 Crore. 2. Aman & Peyush will be the first investors of Dhruv Vidyut) by Aman Gupta, Peyush Bansal and Anupam Mittal.

Dhruv Vidyut Shark Tank India Season 2

Pitch no 93 with company details

Dhruv Vidyut

An ordinary bicycle can be converted into an electric vehicle with Dhruv Vidyut’s electric conversion kit. It just takes twenty minutes to complete a cycle with a DVECK. It may be connected to your phone over Bluetooth and wifi to provide you access to a lot of additional information, including GPS position.

Founder of Dhruv Vidyut

Gursaurabh Singh is DVECK’s founder.

Dhruv Vidyut Funding Round

Company Name

Dhruv Vidyut

Shark Tank India Season

2

Episode No

30

Season No

2

Brand

Dhruv Vidyut

Idea

Electric Conversion Kit

Original Ask

100 Hours for 0.5% Equity

Deal

100 Hours for 0.5% Equity (Condition – 1. Dhruv Vidyut has to raise ₹ 1 Crore. 2. Aman & Peyush will be the first investors of Dhruv Vidyut)

Invested By:

Aman Gupta, Peyush Bansal and Anupam Mittal

Dhruv Vidyut's idea centered around developing electric conversion kits that could be seamlessly integrated into existing vehicles, enabling individuals and businesses to embrace sustainable transportation solutions without the need for purchasing new electric vehicles. Their conversion kits promised to deliver enhanced performance, reduced emissions, and long-term cost savings, making eco-friendly mobility accessible to all.

The Pitch:

Dhruv Vidyut entered the tank with a groundbreaking proposition to revolutionize mobility by offering electric conversion kits for vehicles. Their innovative solution aimed to address environmental concerns by providing an accessible and cost-effective way to transition from fossil fuel-powered vehicles to electric ones. With an original ask of 100 Hours for a 0.5% equity stake, they sought investment to scale up their operations and bring their transformational technology to a wider audience.

The Deal:

Impressed by the potential of Dhruv Vidyut's technology to drive positive environmental impact and disrupt the automotive industry, investors Aman Gupta, Peyush Bansal, and Anupam Mittal agreed to invest 100 Hours each for a 0.5% equity stake in the company. However, the deal was subject to two conditions: Dhruv Vidyut had to raise ₹ 1 Crore in funding, and Aman and Peyush would be the first investors of Dhruv Vidyut, indicating their commitment to supporting the company's growth and success.

Investors Behind Dhruv Vidyut

Aman Gupta, Peyush Bansal and Anupam Mittal: With the backing of Aman Gupta, Peyush Bansal, and Anupam Mittal, Dhruv Vidyut secured the initial funding needed to advance its research and development efforts, refine its electric conversion kits, and ramp up production to meet growing demand. The investors' expertise and strategic guidance would further accelerate Dhruv Vidyut's journey towards transforming the transportation landscape and promoting sustainable mobility solutions.

Conclusion:

Dhruv Vidyut's success on Shark Tank underscores the importance of innovation and sustainability in the automotive sector. By harnessing the power of electric conversion technology, Dhruv Vidyut is poised to drive significant environmental benefits while offering individuals and businesses a viable path towards embracing cleaner, greener transportation options. With the support of visionary investors like Aman Gupta, Peyush Bansal, and Anupam Mittal, Dhruv Vidyut is well-positioned to lead the charge towards a more sustainable and electrified future.

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