Gear Head Motors secured Shark Tank India Season 2 funding - Hindustan Times
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Gear Head Motors secured Shark Tank India Season 2 funding

Published on Jan 09, 2023 07:12 PM IST

India’s fastest-growing electric vehicle brand with record sales of 13000+ units

Gear Head Motors, a Hyderabad-based electric vehicle company is a leading provider of innovative electric bicycles and tricycles.
Gear Head Motors, a Hyderabad-based electric vehicle company is a leading provider of innovative electric bicycles and tricycles.
ByHT Brand Studio

Within a few years after its inception, GHM EV has quickly become a major player in the transportation industry with its innovative and sustainable approach to electric vehicles. The two young entrepreneurs reached out to a larger market with the popular show Shark Tank India Season 2.

Gear Head Motors, a Hyderabad-based electric vehicle company is a leading provider of innovative electric bicycles and tricycles. With great exposure to the EV industry, the company has reached market standards.

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Founded by a team of engineers, Nikhil Gunda, and Meher Sai, Gear Head Motors aims to provide a sustainable and cost-effective transportation solution for consumers. Manufacturing 70% of spares in-house, the vehicles stood among the others for their sleek and modern styles, comfortable accessibility, and convenient commute. A unique approach of the company garnered the attention of potential investors on Shark Tank India, resulting in a significant investment.

In their pitch to the Sharks on Shark Tank, the founders of Gear Head Motors highlighted the environmental benefits of electric vehicles, as well as the cost-saving benefits for consumers. They also discussed the growing demand for electric vehicles in the market and their innovative designs, which included a range of electric bicycles, bikes, and tricycles.

Despite facing tough competition from other electric vehicle companies, Gear Head Motors was able to secure a deal with Sharks Aman Gupta and Peyush Bansal.

Appearing on Shark Tank, Gear Head Motors has planning to grow and expand its product offerings, with a focus on developing new technologies to improve the efficiency and performance of its vehicles.
Appearing on Shark Tank, Gear Head Motors has planning to grow and expand its product offerings, with a focus on developing new technologies to improve the efficiency and performance of its vehicles.

Appearing on Shark Tank, Gear Head Motors has planning to grow and expand its product offerings, with a focus on developing new technologies to improve the efficiency and performance of its vehicles. GHMEV has also continued to promote sustainability and green transportation solutions, making it a leader in the electric vehicle industry.

"We are thrilled to receive this funding from Shark Tank India," said Nikhil Gunda, Founder of GHMEV. "This investment will allow us to further develop and scale our product offerings, as well as expand our reach to wider customers", he added.

GHMEV plans to use the funding to improve its technology infrastructure and increase marketing efforts. The company is confident that these investments will help it achieve its goal of becoming a leader in the electric vehicle industry.

Shark Tank India has helped numerous startups to secure funding and grow their businesses.

"I am really impressed with the design of the e-cycle and happy to be investing in GearHead Motors. The founders have a clear market insight and I am excited to see what they can accomplish with the support," said Aman Gupta, one of the Sharks on Shark Tank India. "We believe that both Nikhil and Meher have the potential to become a major player in the industry and are confident that this investment will help them achieve their goals", he concluded.

“GHMEV is looking forward to continuing its growth and expansion and is grateful for the support of Shark Tank India and its investors”, Meher, Co-Founder.

Gear Head Motors is well-positioned to play a significant role in influencing the future of transportation as the demand for electric vehicles increases in India and throughout the world. Gear Head Motors is on track to take the lead in the e-cycle market because of its solid base and aspirational future goals. The business has the potential to grow in the future, as seen by its performance on Shark Tank India.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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