Neomotion Shark Tank India Season 2

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Neomotion Shark Tank India Season 2

Pitch no 53 with company details

Neomotion

NeoMotion is a company that provides specially-abled individuals with customized wheelchairs and wheelchair solutions. Even simple activities like drinking water or using the restroom require assistance for these folks.

Founder of Neomotion

NeoMotion was started by Ashish Sharma, Swostik Dash, and Siddharth Daga with the goal of assisting these elderly and disabled people in regaining their dignity via independence.

Neomotion Funding Round

Company Name	Neomotion
Shark Tank India Season	2
Episode No	18
Season No	2
Brand	Neomotion
Idea	Delivery Service
Original Ask	1 Crores for 1% Equity
Deal	1 Crores for 1% Equity (Condition – Peyush Bansal will receive 5% of profits till he receives ₹ 1 Crore which will be donated)
Invested By:	Peyush Bansal

At the core of Neomotion's pitch was a commitment to improving accessibility and inclusivity for individuals with disabilities. By developing motorized wheelchairs that were not only technologically advanced but also affordable and user-friendly, Neomotion aimed to empower users to navigate their surroundings with greater ease and confidence. Their innovative approach to mobility solutions promised to enhance the quality of life for countless individuals and families facing mobility challenges.

The Pitch:

Neomotion entered the tank with a vision to revolutionize the lives of individuals with mobility impairments by offering advanced motorized wheelchairs. Their state-of-the-art wheelchairs were designed to provide enhanced mobility and independence, incorporating cutting-edge technology and ergonomic features to ensure comfort and functionality. With an original ask of 1 Crore for 1% equity, Neomotion sought investment to scale their operations, expand their product line, and reach a wider audience of individuals in need.

The Deal:

Peyush Bansal was deeply moved by Neomotion's pitch and the impact of their mission on the lives of individuals with disabilities. Recognizing the potential of their innovative product and the importance of their cause, he offered a unique deal of 1 Crore for 1% equity, with the condition that he would receive 5% of profits until he received ₹ 1 Crore, which would then be donated to charitable causes supporting accessibility and disability rights. This heartfelt gesture not only provided Neomotion with the capital they needed but also aligned their mission with a larger philanthropic vision.

Investors Behind Neomotion

Peyush Bansal: With the support of Peyush Bansal, Neomotion embarked on a journey to transform accessibility for individuals with mobility impairments. The infusion of capital enabled them to scale their operations, enhance their product offerings, and reach a wider audience of users in need of their innovative wheelchairs. Additionally, the commitment to donating a portion of profits to charitable causes underscored Neomotion's dedication to making a positive impact beyond the realm of business.

Conclusion:

Neomotion's appearance on Shark Tank India Season 2, Episode 18 exemplified the power of innovation and compassion in driving social change. Their successful pitch and partnership with Peyush Bansal not only propelled their business forward but also sparked a broader conversation about accessibility and inclusivity in society. As they continued to expand their reach and impact, Neomotion stood poised to transform the lives of individuals with disabilities, one motorized wheelchair at a time, while also making a meaningful contribution to charitable causes supporting accessibility and disability rights.

Neomotion Shark Tank India Season 2

Neomotion

Founder of Neomotion

Neomotion Funding Round

The Pitch:

The Deal:

Investors Behind Neomotion

Conclusion:

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Neomotion Shark Tank India Season 2

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Neomotion

Founder of Neomotion

Neomotion Funding Round

The Pitch:

The Deal:

Investors Behind Neomotion

Conclusion:

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