Shark Tank Dhruv Vidyut
In this episode of Shark Tank India Dhruv Vidyut, a unique electric invention for the regular cycle presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
| Company name | Dhruv Vidyut |
| Founders | Gursaurabh Singh |
| Ask | 100 hours of time for 0.5% equity |
Dhruv Vidyut Founder
Gursaurabh Singh is from Haryana. He is from Haryana. He has worked with manufacturing industries. His expertise is in dye and mold making. He has been in the aluminum sheet-making industry for 16 years. He doesn’t have any specific technical degree but with a strong interest in the motor industry, he has worked hard for this electrical invention.
After this invention Aman, Anupam, and Peyush commented on his post on LinkedIn. Gursaurabh felt sorry for not getting back to them because after his invention many messages were overflowing on his social media handles and in order to keep him on track he took a rest from social media and concentrated on his invention.
About the company Dhruv Vidyut
Cycles had been a medium of communication from ancient times. Cycles had been used for milk delivery after the milk revolution, a constant partner for soldiers in the world war. But the cycle has remained backdated with the evolution of technology. So in order to convert normal bicycles into automatic bicycles DVECK was invented (Dhruv Vidyut Electric Conversion Kit). This kit is easy to handle and can be fitted with any retro bicycle in just 20 minutes with bolt features. The device is Wifi enabled and one can keep a track of location, speed, distance etc. The USP of the product is it can be charged with pedalling. 20 minutes of pedaling can charge upto 50%. The machine is dust proof, fireproof, and waterproof. It is made from aircraft-grade aluminum metal so that if anything happens inside the kit it will not harm the rider in any way. The manufacturing cost of the kit is 9000 rupees. 45% more efficient than any other motors in the market. Top speed is 25 km/hr with a range of 40 km for a full charge.
Ask by the Owner Dhruv Vidyut
100 hours of time in exchange for 0.5% equity in the company.
Dhruv Vidyut Sales And Revenue
The product is still in the prototype stage. He is going to launch in the month of April as he needs a check on the kilometer in rural areas.
Offers and counter offers
Anupam offers 100 hours for 0.5% equity with a condition that Dhruv Electric will raise 1 crore rupees.
Peyush said that he will provide a 1.5 lakhs square feet area in his Bewari factory where Dhruv electric will work with several teams and after 1 or 1.5 years when the product will be ready for launching in the market, he along with Aman will be first investor in this company.
Dhruv Vidyut Final Deal
Aman, Peyush and Anupam finalized the deal for 100 hours in exchange of 0.5% equity in the company with the following conditions:
1. Dhruv Electric will raise 1 crore rupees.
2. In the Lenskart Bewari factory, Dhruv electric will work with several teams and after 1 or 1.5 years when the product will be ready for launching in the market, Peysuh along with Aman will be the first investor in this company.