FuelV by Alien Version Shark Tank India Season 3
FuelV by Alien Version
FuelV, a gasoline detector and meter, was brought to the tank by Siddharth Madhav and Ha Tade. Even though they said they were a pre-revenue business prepared to offer their goods on the market.
Founder of FuelV by Alien Version
Ha Tade and Siddharth Madhav founded Alien Versions.
FuelV by Alien Version Funding Round
Company Name | FuelV by Alien Version |
Shark Tank India Season | 3 |
Episode No | 46 |
Season No | 3 |
Brand | FuelV by Alien Version |
Idea | Smart Fuel Caps |
Original Ask | 50 Lakhs for 5% Equity |
Deal | No Deal |
Invested By: | ——– |
FuelV by Alien Version's idea centered around the development of smart fuel caps equipped with advanced technology. These intelligent caps were designed to monitor fuel levels, track consumption, and provide real-time data to both drivers and fleet managers. By leveraging the power of connectivity and data analytics, FuelV aimed to optimize fuel usage, reduce costs, and minimize environmental impact in the transportation industry.
The Pitch:
With an original ask of 50 Lakhs for 5% equity, FuelV by Alien Version showcased their smart fuel caps and highlighted their potential to revolutionize the way vehicles are fueled and managed. They emphasized the efficiency gains and cost savings that their technology could offer to individual drivers, fleet operators, and businesses. The founders' passion for innovation and their commitment to solving pressing challenges in the transportation sector resonated with the sharks, who recognized the disruptive potential of their product.
The Deal:
Despite the forward-thinking pitch, FuelV by Alien Version left the tank without a deal. While the sharks acknowledged the relevance and importance of fuel management technology, they expressed concerns about market readiness and competitive positioning. Without a clear demonstration of market demand and a solid go-to-market strategy, the sharks hesitated to invest in FuelV by Alien Version at the proposed valuation.
Conclusion:
Although FuelV by Alien Version did not secure an investment in Season 3, Episode 46 of Shark Tank India, their presence on the show highlighted the growing importance of technology in optimizing fuel usage and reducing carbon emissions in the transportation sector. By pushing the boundaries of traditional fuel management systems, FuelV by Alien Version has already made strides towards a more efficient and sustainable future for vehicles of all kinds. As they continue to refine their product and market strategy, FuelV remains committed to revolutionizing fuel management and driving positive change in the industry.