Entrepreneur Name – Gursaurabh Singh
About the Entrepreneur – Dhruv Vidyut Electric Conversion Kit, created by Gursaurabh Singh, is designed to convert over 80 million conventional bicycles in India into electric bicycles, by adding a motor and battery.
LinkedIn Profile – https://www.linkedin.com/in/gursaurabh/
| Brand Name | Dhruv Vidyut |
| Business Category | Electric Conversion Kit For Bicycles |
Innovation – Yes, Through Vidyut Electric Conversion Kit, they want to make India more dynamic by making India’s indigenous cycle an electric cycle.
| Company Valuation | N.A. |
| Equity Asked | 100 hours of time in exchange for 0.5% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | 100 hours of time in exchange for 0.5% Equity |
| Target City/Country | India |
| Product | Electric Conversion Kit for Bicycles |
About the Product – Dhruv Vidyut is an electrical conversion kit for bicycles that converts bicycles into Electric bikes.
Conclusion –
Gursaurabh Singh presented an interesting pitch as he did not ask for any money from the sharks. Instead, he asked for 100 hours of participation from the sharks for 0.5% Equity.
Sharks Aman, Anupam, and Peyush accepted what he asked for. Hence It concluded in a fair deal.
Dhruv Vidyut: Electrifying Indian Bicycles
- Entrepreneur Profile: Gursaurabh Singh
- Gursaurabh Singh is the mind behind Dhruv Vidyut Electric Conversion Kit.
- A visionary aiming to convert millions of conventional bicycles in India into electric bikes.
- Brand Details
- Brand Name: Dhruv Vidyut
- Business Category: Electric Conversion Kit for Bicycles
- Innovation for a Dynamic India
- Innovation: Dhruv Vidyut’s Electric Conversion Kit transforms traditional Indian cycles into electric ones.
- Aims to contribute to a more dynamic India with indigenous electric bikes.
- Equity and Valuation
- Company Valuation: Not Available
- Equity Asked: 100 hours of participation for 0.5% Equity
- Shark Tank Deal
- Deal Closed: Yes
- Final Deal: 100 hours of time exchanged for 0.5% Equity
- Participating Sharks: Aman, Anupam, Peyush
- Target Market
- Target City/Country: India
- Product Focus: Electric Conversion Kit
- Product: Dhruv Vidyut Electric Conversion Kit for Bicycles
- Converts conventional bicycles into electric bikes.
- Conclusion: A Unique Deal
- Gursaurabh Singh’s pitch stood out by not seeking monetary investment.
- Asked for 100 hours of time from the sharks in exchange for 0.5% Equity.
- Aman, Anupam, and Peyush accepted the offer, resulting in a fair and unique deal.
Note: This summary captures the essence of Gursaurabh Singh’s pitch for Dhruv Vidyut Electric Conversion Kit, showcasing the innovation, deal details, and the entrepreneurial vision.
Dhruv Vidyut: Empowering Bicycles with Electric Conversion
Business Plan:
- Introduction:
- Dhruv Vidyut offers an innovative electrical conversion kit to turn conventional bicycles into electric bikes.
- Business Potential in India:
- Growing environmental consciousness and the need for sustainable transportation present a significant market opportunity.
- Total Addressable Market (TAM):
- With the increasing adoption of electric vehicles in India, the TAM for electric bicycle conversion kits is expanding rapidly.
- Ideal Target Audience and Demographics:
- Urban commuters, cycling enthusiasts, and eco-conscious individuals.
- Age group: 18-45, residing in urban and semi-urban areas.
- Marketing Strategy:
- Online campaigns targeting cycling communities.
- Collaborations with eco-friendly influencers.
- Participation in cycling events.
- Content and Digital Marketing Strategy:
- Engage in social media platforms with visually appealing content showcasing the benefits of electric conversion.
- Educational content on the environmental impact of electric bikes.
- Distribution Strategy:
- Partner with bicycle retailers and eco-friendly stores.
- Establish an online presence with direct sales through the official website.
- Advantages:
- Environmentally friendly and sustainable transportation.
- Cost-effective alternative to purchasing a new electric bike.
- Challenges:
- Limited awareness about electric bike conversion.
- Competition with established electric bike brands.
- Reasons for Success:
- Addressing the increasing demand for sustainable transportation.
- Offering an affordable solution to convert existing bicycles.
- Mitigation Strategies:
- Implement robust marketing campaigns to raise awareness.
- Collaborate with bicycle retailers for widespread availability.
- Future Business:
- Explore partnerships with bicycle manufacturers for integrated solutions.
- Continuous innovation in electric conversion technology.
- Roadmap to Increase Valuation:
- Expand product line with advanced conversion kits.
- Explore international markets for global reach.
In conclusion, Dhruv Vidyut is poised to revolutionize personal transportation by providing an accessible and eco-friendly solution through its electric conversion kits.
