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Metro Ride Shark Tank India Season 2

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

Metro Ride Shark Tank India Season 2

Pitch no 136 with company details

Metro Ride

The goal of the mobility platform MetroRide is to address the problem of first- and last-mile connectivity to and from metro stations specifically for India’s metro train system. The platform seeks to simplify, lower costs, and eliminate carbon emissions from metro commutes. Within a four-kilometer radius, the platform offers electric vehicles (EVs) on fixed routes that originate from metro stations.

Founder of Metro Ride

The CEO and founder of MetroRide is Girish Nagpal.

Metro Ride Funding Round

Company Name

Metro Ride

Shark Tank India Season

2

Episode No

42

Season No

2

Brand

Metro Ride

Idea

AI-based EV vehicle booking platform

Original Ask

75 Lakhs for 1% Equity

Deal

No Deal

Invested By:

——

At the heart of Metro Ride's pitch lay the vision of creating a seamless and sustainable mobility ecosystem powered by electric vehicles and artificial intelligence. By leveraging advanced algorithms and real-time data analytics, Metro Ride sought to optimize ride-sharing, minimize wait times, and reduce carbon emissions, thereby enhancing the efficiency and environmental friendliness of urban transportation.

The Pitch:

Metro Ride zoomed into the Shark Tank with a mission to revolutionize urban transportation through its cutting-edge AI-based platform. With an original ask of 75 Lakhs for 1% equity, Metro Ride aimed to address the burgeoning demand for eco-friendly mobility solutions in congested cityscapes.

The Deal:

Despite the innovative concept and potential for disruption in the mobility sector, the sharks opted not to invest in Metro Ride. While Metro Ride showcased commendable technological prowess and a compelling value proposition, factors such as market scalability, regulatory challenges, or valuation concerns may have influenced the sharks' decision to pass on the opportunity.

Conclusion:

Metro Ride's appearance on Shark Tank India Season 2, Episode 42 underscores the importance of innovation and sustainability in the urban transportation landscape. While their pitch may not have resulted in a deal, Metro Ride's commitment to shaping the future of mobility sets a compelling example for entrepreneurs navigating the electric avenue of transportation innovation.

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