All about "OTUA Electric" & "Booz" on Shark Tank
After the American reality show Shark Tank, Shark Tank India started for the entrepreneurs of India. The first Indian version of the show aired on Sony Entertainment TV on December 20, 2021. On Monday, Sony Entertainment Television started broadcasting the first program of 30 episodes. According to Sony TV, the show has 62,000 contestants who participated from all over India, 198 of whom were selected to send ideas to sharks. Shark Tank India judges are Ashneer Grover, MD, and Co-Founder of BharatPe; Anupam Mittal, Founder & CEO of People Group; Aman Gupta, Co-Founder & CMO of boAt; Vineeta Singh, CEO & Co-Founder of SUGAR Cosmetics; Namita Thapar, Executive Director at Emcure Pharma; Ghazal Alagh, Co-Founder & CIO of Mamaearth; and Peyush Bansal, Founder & CEO of Lenskart.com.
About startup EV OTUA in Shark Tank India
Dendera Technologies Private Limited the maker of OTUA electric, a three-wheel electric vehicle, presented their startup idea in Episode 17 of Season 1 of Shark Tank India. It's a well-designed three-wheeled heavy vehicle. Dandera Technologies Private Limited is a startup founded in 2020 in Gurgaon, Haryana. Name OTUA has been taken from the word AUTO. This product designs mobility with the latest eco-friendly technology that could change the future. Dandera's company goal is to "Reinvent Mobility with sustainable cutting-edge technology". This vehicle uses a DanTECH battery which is in sync with India's climatic conditions.
Founders of OTUA electric are engineers, Kshitij Bajaj, and Kanav Manchanda. The startup company was founded in 2007 but was not recognized until 2020. Its electro head is Ayush Bajaj and he has 30 years of design and implementation experience. This OTUA product has been available since 2020, but it is not yet available in the market to buy. The founder claims that this product will be available to users by the end of 2022.
The OTUA founder was demanding Rs 1 crore in exchange for a 1% equity from Sharks. Shark Asneel Grover offered Rs 1 Lakhs for 1% Equity & Rs 99 Lakh Debt @ 12% Interest which is accepted by the founders of OTUA.
It has a closed Uni-Body, lighter and stronger body. It is equipped with a DanTECH patented Battery with a max capacity of 900 Kgs. It has over 120 Cubic Feet Of Cabin Volume and over 150 KMS range in a single charge. It is designed with a 1+6 Seating Capacity with a large legroom space. It has an independent suspension system for a smoother ride. It is also equipped with a 2 side open deck.
About startup Booz in Shark Tank India
Booz is an electric scooter based on an app featured in the first episode of Shark Tank India. If the demand for e-scooter in the Asian market rises sharply, it could be an innovative feature of the start-up industry. By joining Booz Shark Tank India, he has brought in a lot of money. Booz is the first app-based electric scooter in South Asia and, according to its founders, this scooter is available at an affordable price. With a unique idea, Booz rents electric scooters everywhere, including business parks, residential areas, educational parks, tourist spots, public places, hotels, clubs, and resorts. Booze provides its users a monthly subscription that lets you use everything from chargers to plugs. It offers Booze Pay Per Way rides across the country.
Rutvij Dasadia is the founder of Booz and a SAEINDIA member. He is an engineer from the background of Gujarat Technological University. He also won the Top 500 CEO award. He studied the fundamentals of machine learning at the University of London. He has worked for many motorcycle companies such as Menza Motors Pvt. Limited, Volvo Cars and the Next Feature transport. In 2017, he founded Booze Scooters in Ahmedabad.
The Booz founder was demanding Rs 40 lakhs in exchange for a 15% equity from Sharks. Shark Asneel Grover and Vineeta Singh offered Rs 40 Lakhs for 50% Equity which was accepted by the founder of Booz.
This company provides electric scooters to end users along with charging stations, spare parts, personnel training, and a mobile application. When you rent a scooter, you also get a charger and a plug to charge the scooter. To use this feature, you need to register with the official app service. You can download this app from the App Store and Play Store. You will also get its franchise by signing a few documents and a commitment to start the business within 30 days.
In the Indian EV market, many startups are entering this field. The country will become the fourth largest electric vehicle market in the next 20 years, with startups taking advantage. Some major EV startups in the EV industry are Ola Electric Scooter, Okinawa, Bounce, BluSmart Mobility, Exponent Energy, and so on. With the emerging EV market and new electric vehicles, electric vehicle infrastructure is also growing rapidly. EVCS infrastructure giants like Kazam EV, TATA Power are entering this field to provide EV solutions to the users of India. They are installing chargers to all major spots across the country to make EVCS accessible to all with just a single click. They also help micro-business, shop owners, restaurants, malls, and builders to attract new customers by providing charging solutions to them. We hope that new EV startups and EVCS providers will definitely bring a drastic change in the Indian EV market.