FastBeetle

Ravi Desai, founder of FastBeetle, is mechanical engineer with automotive background and passion for sustainable mobility. His innovation: design lightweight, affordable electric scooters optimized for Indian city commuting. Vision: make EV commuting accessible to middle-class Indians through affordable, reliable products.

FastBeetle manufactures affordable electric scooters designed for Indian urban commuting conditions. Models feature 80+ km range, fast charging (45 minutes), sturdy construction for Indian roads. Pricing: Rs 8,999-24,999 making electric mobility accessible. Includes comprehensive warranty, service network across 20+ cities, battery management systems.

Amount: Rs 3 crore | Equity: 5% | Valuation: Rs 60 crore

Ravi presented EV adoption opportunity: India needs 10M+ EVs by 2030 to meet climate targets. FastBeetle makes scooters affordable and reliable for Indian users. Metrics: 50,000+ scooters sold, Rs 40+ crore annual revenue, expanding to 20 cities, strong unit economics.

Anupam Mittal saw EV opportunity aligned with sustainability trends and government initiatives. He appreciated affordable pricing strategy making EVs accessible. Peyush was interested but concerned about battery sourcing and warranty cost implications at scale. Namita raised questions about charging infrastructure availability.

Anupam offered Rs 3 crore for 8% equity valuing at Rs 37.5 crore. Ravi countered Rs 3 crore for 5% equity. Anupam accepted 5%, valuing founder's manufacturing expertise. Deal included component supplier introductions and distribution partnerships.

Deal Secured: YES | Investment: Rs 3 crore | Equity: 5% | Shark: Anupam Mittal