Deni Bikes: A 16-Year-Old Visionary’s Journey Towards Affordable Electric Mobility

Founder: Meet Deore

At just 16 years old, Meet Deore from Pune has already demonstrated exceptional talent and innovation in the field of electric mobility. A passionate creator, Meet built an electric stirrer and motorized curtains during his early years. His interests also extend to cutting-edge areas like IoT, Machine Learning, and Artificial Intelligence.

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The Product: Electric Go-Kart and Deni Alpha

Deni Bikes introduces two innovative products:

1. Electric Go-Kart
2. Deni Alpha: An electric motorcycle, 100% made in India, with a manufacturing cost of approximately ₹40,000.

Mission

Deni Bikes is designed to address the lack of affordable electric motorcycles in the market, specifically catering to low-income groups who cannot afford expensive two-wheelers.

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The Pitch

• Ask: ₹30 Lakh for 10% equity.
• Problem: Expensive electric motorcycles in the market make it difficult for lower-income groups to adopt eco-friendly transportation.

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Feedback from Sharks

Areas of Improvement

• Aman Gupta: Highlighted the need to improve suspension and maneuverability.
  • Meet responded that the bike was freehand designed at home.
• Anupam Mittal: Estimated the sales price to be ₹70,000 - ₹80,000 when the bike is commercially manufactured.

Competition

• The primary competitor for Deni Alpha is E-Luna, a popular electric two-wheeler.

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Shark Decisions

• Aman Gupta: Appreciated Meet's innovation but suggested he complete his engineering degree first. He went out of the deal.
• Namita Thapar: Shared a similar sentiment and expressed interest in staying connected with Meet.
• Anupam Mittal, Vineeta Singh, and Peyush Bansal: All opted out of the deal but lauded Meet’s talents and passion, calling him a genius at such a young age.

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Future Plans

Meet expressed his desire to pursue an engineering degree from BITS Pilani and emphasized that securing a deal would help him start R&D and improve the design of Deni Alpha.