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Revamp Moto Shark Tank India Season 1

by IndiaSuccessStories
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Revamp Moto Shark Tank India Season 1 Got 1 crore Funding in Exchange of 1.5% Equity by Anupam Mittal and Aman Gupta.

Revamp MotoShark Tank India Season 1

Pitch no 13 with company details

Revamp Moto

The headquarters of the automotive manufacturer Revamp Moto are located in Nashik, Maharashtra, India. There are 24 workers at Revamp Moto. It makes $3 million in sales. 2020 saw its founding. Automotive is Revamp Moto’s area of expertise. By clicking the link below, you can access the contact numbers of Revamp Moto’s main decision makers.

Founder of Revamp Moto

Since January 2021, ♿Revamp Moto♿, located in Nashik, has been tackling this problem statement. Using Modular Utility Platforms, the startup, founded by Jayesh Tope, Pritesh Mahajan, and Pushkaraj Narendra Salunke, provides electric two-wheelers. They produce an electric scooter with a modest speed that is intended for Smart Mobility. It is quite useful in urban areas. It has a 70 km range, 120 kg of cargo capacity, a top speed of 25 kmph, a swappable battery, and no registration requirements.

Revamp Moto Funding Round

Company Name

Revamp Moto

Shark Tank India Season

1

Episode No

13

Season No

1

Brand

Revamp Moto

Idea

E-Bike

Original Ask

1 crore for 1% equity

Deal

1 crore for 1.5% equity

Invested By:

Anupam Mittal and Aman Gupta

At the core of Revamp Moto's pitch was a commitment to innovation and sustainability. Their e-bikes were designed to blend seamlessly into city life, offering riders a sleek and efficient mode of transportation while reducing carbon emissions and congestion. Revamp Moto aimed to empower individuals to embrace clean, green mobility solutions without compromising on style or performance.

The Pitch:

Revamp Moto rolled into the tank with a bold vision: to transform urban commuting with their cutting-edge e-bikes. Their pitch centered on offering consumers a convenient, eco-friendly alternative to traditional transportation methods. With an original ask of 1 crore for a 1% equity stake, Revamp Moto aimed to capture the attention of the Sharks and secure the investment needed to accelerate their growth.

The Deal:

Impressed by Revamp Moto's vision and potential, Anupam Mittal and Aman Gupta saw an opportunity to partner with a brand poised for success. They made a strategic offer of 1 crore for a 1.5% equity stake, providing Revamp Moto with the capital and expertise needed to scale their operations and penetrate the market effectively.

Investors Behind Revamp Moto

Anupam Mittal and Aman Gupta: Revamp Moto enthusiastically accepted the offer from Anupam Mittal and Aman Gupta, marking a significant milestone in their journey to revolutionize urban transportation. With the support of experienced investors and access to vital resources, Revamp Moto was well-positioned to accelerate the adoption of e-bikes and pave the way for a more sustainable future.

Conclusion:

The success story of Revamp Moto serves as a testament to the transformative power of innovation and sustainability in shaping the future of urban mobility. As they continue to disrupt the e-bike market with their innovative technology and forward-thinking approach, Revamp Moto inspires individuals and communities to embrace clean, green transportation solutions. With Anupam Mittal and Aman Gupta as strategic partners, Revamp Moto is poised to lead the charge towards a more sustainable and accessible urban landscape.

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