Gear Head Motors founders V Sai Meher Krishna and Gunda Nikhil appeared in Shark Tank India (S02E04) to raise 75 lakhs for 2% Equity. Gear Head Motors Makes Affordable Electric Bicycles and Tricycles.
The Sharks were very impressed with the product because their price is very affordable and chances to increase huge sales in the market. The founders got a combined offer from Aman Gupta and Peyush Bansal. Will the founders accept the combined deal from the Sharks? Find out in the Gear Head Motors Update.
If you don’t have time to read the full Story, here is a brief overview of what happened to the Gear Head Motors After the Shark Tank.
The founders came with an ask of 75 lakhs for the 2% Equity. Peyush invited Aman Gupta to this deal and offered 75 lakhs for 7.5% equity with the condition of merging the founder’s other sister company.
Aman agreed to join with Peyush. However, the founders were not comfortable with 7.5% Equity, after a few minutes of discussion. The founders counteroffered 1 Cr for 6.7% Equity, and Sharks agreed to deal on 1 Cr for 6.67%.
| Company | Gear Head Motors |
|---|---|
| Founders | V Sai Meher Krishna & Gunda Nikhil |
| Product | Affordable Electric Bicycles and Tricycles. |
| Ask | 75 lakhs for 2% Equity |
| Deal | 1 Cr for 6.67% Equity |
| Sharks | Peyush Bansal and Aman Gupta |
| Episode | Season 2 Episode 4 |
| Buy | Check on Flipkart |
About Gear Head Motors
Gear Head Motors was founded by a Team of Engineers V Sai Meher Krishna and Gunda Nikhil a Hyderabad Electric Vehicle manufacturing company.
70% of the spares of this electric bicycle are manufactured by the company itself, due to which this vehicle outperforms others for its attractive and modern style, comfortable access, and convenient transportation. The company’s unique approach attracted the attention of potential investors on Shark Tank India, resulting in a significant investment.
Gear Head Motors aims to provide low-cost sustainable Electric Bicycle and Tricycle for cost-effective transportation solutions in the 40k – 60k price range consumer.
Final Words
We hope that you have got useful information from the recap of Gear Head Motors Episode.
If you want more useful information then please visit our Homepage and get wonderful information. Also, share and comment on any suggestions.
More Brands from Shark Tank India (Season 02):
FAQs – Gear Head Motors
Q. Who is the owner of Gear Head Motors?
Ans. V Sai Meher Krishna & Gunda Nikhil is the owner of Gear Head Motors.
