Gear Head Motors Shark Tank India Review

Are you looking for a sustainable and eco-friendly mode of transportation that is both efficient and affordable? Look no further than Gear Head Motors, the ultimate destination for all your electric bike needs.

Gear Head Motors Shark Tank India Review:- With Gear Head Motors, you can experience the thrill of electric bicycles and tricycles that are designed to enhance your daily commute and leisurely rides. Our state-of-the-art electric bikes are powered by a high-performance motor, which offers a smooth and effortless riding experience.

EV Bikes Business In India(Case Studio)

From sleek and stylish designs to sturdy and reliable tricycles, Gear Head Motors has something for everyone. With our wide range of models, you can choose a bike that perfectly fits your lifestyle and preferences.

Imagine the convenience and ease of effortlessly cruising through the city on an electric bike that can take you farther and faster than ever before. With Gear Head Motors, you’ll be able to save money on gas and parking fees while reducing your carbon footprint. Not only will you be making a positive impact on the environment, but you’ll also enjoy the health benefits of regular exercise.

Don’t wait to experience the revolution of electric bicycles and tricycles with Gear Head Motors. Visit our website or contact us to schedule a test ride today, and see for yourself why our electric bikes are the perfect choice for any rider. With Gear Head Motors, you’ll never have to worry about traffic, parking, or gas expenses again. Make the switch to electric and transform the way you ride with Gear Head Motors.

Entrepreneur Name –  Meher Sai & Nikhil Gunda

About the Entrepreneur – The company was founded by Sai Meher Krishna and Gunda Nikhil, both are from Hyderabad.

Nikhil, aged 24, had prior experience running a coffee shop and had also started another venture called Amigo when he was just 19 years old. He later sold the business for a sum of ₹2 crores.

LinkedIn Profiles –

About the Product – The bicycles offered by the company, including Model L, Model I, Model F, and Model E, are best suited for shorter distances with a range of up to 60 km per charge.

Although the specifications of these models vary, their performance is consistent.

All models feature a detachable battery with an aluminum casing that aids in keeping it cool. The battery can be charged in as little as 2 hours for the smaller option, and 3 hours for the larger battery. The company also offers customized battery boxes.

Conclusion – 

Meher Sai and Nikhil Gunda asked 75 lakhs for a 2% equity stake in their company, but Shark Veenita, Namita, and Anupam withdrew from the deal.

Peyush and Aman made an offer of ₹1 crore in exchange for a 7.5% equity stake in the company, valuing it at ₹13.33 crore, subject to two conditions – the same valuation as the previous investor and a merger between the two companies.

The final deal was ultimately closed with Aman and Peyush offering ₹1 crore in exchange for a 6.67% equity stake in the company, valued at ₹15 crores.