Technology & Electronics
Sepal
SEASON 2 : Episode 16
BRAND
Sepal
COMPANY NAME
SKAVION AUTO PRIVATE LIMITED
FOUNDERS
Vidhey Addepally, Kashyap Addepally
ORIGNAL ASK
Rs 50 Lakh for 1% Equity at valuation of 50 Crore
DEAL
50 lakhs for 2% equity at the valuation 25 crores
Families going on a motorcycle suffer from vagaries of weather thereby resulting in delays and face discomfort.
This product is a combination of the physical product and software (will be enhanced in future) which solves the multiple problem of not only vagaries of weather such as sun and rain, but also dust and pollution by way of canopy above and windshield in front of the bike.
Sepal comes in three parts- Base frame which fits on the bike tank using industrial straps; Windshield made of polycarbonate which makes it extremely light, and Canopy made from composite materials.
These are also the enhanced features in Sepal.
1) Can easily be fixed on motorcycle.
2) Can handle speed up to 100km/hr and even handle bad roads with ease.
3) Comes with an app which helps play music and answers calls.
Founders & their story
Founders Vidhey Addepally and Kashyap Addepally wanted to change the bike riding experience in the World. Vidhey faced the issue of adhoc rains in Mumbai and first built a contraception for bicycle. Vidhey has done B Tech from IIT Mumbai while Kashyap has 8+ years in design industry and completed Masters from UK in parametric design.
About the company:
Sepal is the maker of world’s first Motorcycle canopy. Sepal provides face coverage on bikes and motorcycles so no dust, rain or hot sun will affect you or your family on the bike. On adding sepal to your bike, it will become smart, and you can access many features. They designed Sepal with many materials and made it light and strong.
Its products are sold in 25 states in India and Globally in UK, US, Middle East and Africa. They are working to launch product for Scooters.
Revenue:
Their price is 10,000, by now they have sold 1000 units in 7 months. Their gross margin is 37% and once they scale to 1000 units per month, they hope to get 18%- 20% net margin.
Founder’s Ask
Rs 50 Lakh for 2% Equity at valuation of 50 Crore. They had raised 2.2 Crore as pre-money valuation in 2022.
Offers:
Peyush offered 50 lakhs for 2% equity at the valuation 25 crores.
Final Deal
Deal was closed for 50 lakhs for 2% equity at the valuation 25 crores.
Have questions on product
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