HARANAHALLI RAMASWAMY INSTITUTE OF

HIGHER EDUCATION HASSAN.

TOPIC :- GEAR HEAD MOTORS

S H A R K TA N K I N D I A
SEASON 2 EPISODE 4

PRESENTED BY PRESENTED TO

REVANTH KUMAR N M Mr. Ananthesh H

2ND YEAR HOD
HRIHE DEPT. OF MBA
HASSAN HRIHE
HASSAN
 Gear Head Motors

Introduction
Founded in 2020 by Nikhil Gunda and Meher Sai, Gear Head Motors
has made a name for itself by designing over 70% of its components
in-house and assembling electric cycles tailoring to the specific needs
of Indian commuters. GearHead Motors has launched four e-bike
models - L. I. F. E - to solve urban commuting problems on the go.
Their dedication to innovation and sustainability has helped Gear
Head Motors grow from a small startup with an initial investment as
low as Rs. 16,000 to a 35 crore-worth company in just four years.
 About GEAR HEAD MOTERS

 Gear Head Motors is an EV technology provider that aims to revolutionise transport with its
innovative e-bikes that combine technology, design and sustainability.
 Gear head motors is a brand that manufacturers electric bicycles and tricycles at just rupees
24,000
 It can cover a distance of 60 kilometers in a single charge. This is the best when it comes to
traveling short distances

• OUR MISSON - We make electric cycles that are innovative, elegant and sustainable. We
empower Gear Heads with the best riding experience while reducing their environmental impact
and enhancing their quality of life. Join us in making history.
 In S2 E4's first pitch of Gear Head Motors, the founders initially mention that they have two

companies - Gear Head Motors valued at 37 crores, and GHM Labs valued at 15.6 crores. When the

sharks asked them to merge the company, they changed the value to 33 crores by "averaging".

 Gear Head Motors has delivered more than 8,000 tricycles and over 5,000 e-bikes.

 Previously, Gear Head Motors raised 6 crores in a pre-seed funding round led by Hemin Shah

and Sudhakar Moparthy.

 The company focuses on expanding the startup's operations in India and other Asian countries.
 FOUNDERS OF GEAR HEAD MOTORS

FOUNDERS :
Nikhil Gunda
Meher Sai
 MODELS OF GEAR HEAD MOTERS

GEAR HEAD MOTORS MODELS : “ LIFE ’’

 Sharks Offer’s
• Nikhil and Meher appeared on Shark Tank India Season 2 Episode 4 and demanded INR 75 lakhs for 2% equity at a valuation
of INR 37.5 crore.
• Nikhil holds 60% shares of the company, while Meher has 40% equity.
• Their sales in FY 2021-22 were INR 3 crore. They sold 1500 EV tricycles to the government in FY 2021-22. By the time they
appeared on Shark Tank India, their sales were INR 1.5 crore for FY 2022-23.
• Their July sales were INR 50 lakhs. They made INR 8 lakhs profit out of those sales. They also have a contract with a
government agency of INR 20 crore for EV tricycles.
• Nikhil and Meher have registered 2 separate entities to raise funds. The second entity, GHM Labs Pvt Ltd, raised INR 3 crore
at a valuation of INR 15.60 crore. Peyush and Aman said Gear Head would only get a deal on Shark Tank if they merged both
entities.
• Meher and Nikhil changed the offer to INR 1 crore for 3% equity with both companies merged.
• Gear Head Motors got a deal of INR 1 crore from Aman Gupta and Peyush Bansal for 6.67% equity at a valuation of INR 15
crore.
Company Name Gear Head Motors Electronics Pvt Ltd

Founders Gunda Nikhil and V Sai Meher Krishna

Headquarters Hyderabad, Telangana

Founded Year 2018

Business Electric bicycles and tricycles

Profitability Business is profitable

Asked For INR 75 Lakhs for 2% equity

Deal INR 1 crore for 6.67% equity

Sharks Invested Aman Gupta and Peyush Bansal

Valuation Given INR 10 crore

 SUGGESTIONS

 Merging with GHM Labs Pvt Ltd,

 Peyush and Aman said Gear Head would only get a deal on Shark Tank if they
merged both entities.
 They couldn’t explain the marketing size properly and gave incorrect
numbers. So they proper with the numbers
THANK YOU