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.
The Product: Electric Go-Kart and Deni Alpha
Deni Bikes introduces two innovative products:
- Electric Go-Kart
- 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.
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.
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.
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.
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.