PMV Electric in Shark Tank India
PMV Electric is a Mumbai-based company that is responsible for the production of a two-seater Micro electric car “EaS-E”. The founder of the company the recent show “Shark Tank” requested an investment of Rs. 1 crore for 1 percent equity from the judging panel called “Sharks.” Let’s uncover the whole story!
Shark Tank Story of PMV
In a recent episode of the popular entrepreneurial show, “Shark Tank,” the young inventor and founder of PMV Electric, Kalpit, presented his innovative micro electric car concept to a panel of investors, known as the “sharks.” Despite being in the early stages of development and not yet having begun production, the founder had set the starting price for his product at Rs 4 lakhs.
To take his business forward, Kalpit requested an investment of Rs 1 crore for 1 percent equity. The sharks were impressed…
Read the full article originally published at news.google.com.