Technology & Electronics
Dhruv Vidyut Electric Conversion Kit (DVECK)
SEASON 2 : Episode 30
BRAND
Dhruv Vidyut Electric Conversion Kit (DVECK)
COMPANY NAME
GURSAURABH SINGH RESEARCH & DEVELOPMENT PRIVATE LIMITED
FOUNDERS
Gusaurabh Singh
ORIGNAL ASK
100 hours of time for 0.5% equity.
DEAL
100 hours of time for 0.5% equity.
Dhruv Vidyut Electric Conversion Kit (DVECK) is a device that allows a single-bar bicycle, which is what the vast majority of Indian people ride, to be converted into a vehicle that is driven by an electric motor and a battery.
It easily fits into ordinary cycle in 20 minutes & convert it into battery-operated cycle. The USP of the product is it can be charged with pedalling. It is made of aircraft grade aluminium.
It can also be connected to your phone with the help of an app through Wi-Fi & Bluetooth and can give valuable information such as the location of the cycle, GPS tracking, etc.
The most important feature of the kit is that it is unaffected by water, mud, dust or electricity & even fire. The manufacturing cost of the base model is Rs. 9000 and its motor is 45% more efficient than other available motors in the market.
Founders & their story
Gursaurabh Singh
He was into manufacturing industry & his expertise is in mould and die-making.
Since many decades ago, the single bar is the most reliable mode of transport in the country. However, with the ongoing electrification of automobiles in the country, this reliable but venerable mode of transportation has been long overdue for an upgrade.
Giving a thought on this & being into manufacturing industry, he designed a remarkable piece of technology which is DVECK, in light of the above fact.
About the company:
Dhruv Vidyut is yet to launch but definitely will be a game changer in the market of electric two-wheelers.
People who are interested in making the transition to electric commuting will find that this DVECK is not only user-friendly but also economical and good for the environment.
This conversion kit has the potential to become a well-liked option among commuting cyclists and commuters alike as a result of the growing demand for electric two-wheelers.
Anand Mahindra, a prominent figure in the business, has shown an interest in making an investment in the Dhruv Vidyut.
Moreover, DVECK has already received a recognition from a variety of other leaders in the sector. This acknowledgment is a credit to the quality of the conversion kit as well as its potential, and it underlines the rising desire for electric two-wheelers.
Revenue:
No revenue as the company is not yet launched.
Founder’s Ask
100 hours of time for 0.5% equity.
Offers:
Anupam gave a conditional offer of 100 hours of time for 0.5% equity. (Condition: Dhruv Vidyut has to raise Rs. 1 crore)
Aman & Peyush’s conditional offer was 100 hours of time for 0.5% equity. (Condition: Aman & Peyush will be the first investors of Dhruv Vidyut)
Final Deal
Aman, Anupam & Peyush’s joint offer became a deal with two conditions.
100 hours of time for 0.5% equity.
Condition 1: Dhruv Vidyut has to raise Rs. 1 crore
Condition 2: Aman & Peyush will be the first investors of Dhruv Vidyut
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