Business Idea Presentation: Electric Bicycles & Tricycles by Gred Motors
Introduction
Presenters: Nikhil and Mehr
Purpose: Seeking investment for their startup, Gred Motors
Pitch Line: Introducing eco-friendly, affordable electric cycles for reducing pollution and saving on fuel costs
Product Overview
Products: Electric bicycles and tricycles
Price: Starts at тВ╣24,000
Range: Single charge covers up to 60 kilometers
Target Market: Short distance travelers, especially budget-conscious consumers
Vision
Aim to make electric cycles as common as smartphones and earphones
Seeking тВ╣5 lakh for 2% equity
Founders' Background
Mehr: 24 years old, past ventures include a coffee shop and a QR-based pre-order app for restaurant services
Nikhil: 26 years old, mechanical engineer, passionate about creating affordable electric vehicles
Business Journey
Initial Ventures: College coffee shop sold for тВ╣75,000, pre-order app sold to a local POS company for тВ╣2 crores
Gred Motors: Founded to create electric vehicles, initially focusing on bicycles and tricycles
Market Potential
Revenue: тВ╣3 crores last financial year, projected тВ╣20 crores this year
Government Orders: Signed government orders for tricycles, boosting future revenue
Profit Margin: Achieved тВ╣8-10 lakhs profit currently
Product Features
Models: Different models priced from тВ╣24,000 to тВ╣38,000
Battery: Detachable Lithium-ion battery, charges in 2-3 hours
Tech Innovation: In-house developed battery pack, motor and controller integration
Investment History
GHM Labs Private Limited: Separate entity focusing on R&D of electric technology
Previous Fundraising: Raised тВ╣3 crores at a $2 million valuation
Investor Concerns
Trust and Transparency: Clear ownership and merging of entities required
Profit Sharing: Ensuring fair treatment for early investors
Offers from Sharks
Peyush & Aman: Offered тВ╣1 crore for 7.5% equity combined (тВ╣50 lakhs each) under the condition of merging parent and subsidiary entities, maintaining combined valuation at тВ╣15 crores
Conclusion
Deal Accepted: Gred Motors agrees to merge entities and accept the investment from Peyush and Aman.