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AI Cars Shark Tank India S3 Full Pitch Details

Updated:
Full detailed information about AI Cars pitch in Shark Tank India Season 3. Know more about the business, founders, pitch, deals and hidden facts.
Ai Cars Shark Tank India 1

Forget Silicon Valley, This Garage-Built Dream is Chasing Hydrogen Cars in India

Imagine a sports car fueled by hydrogen, zipping through Indian roads on its own, guided by AI. Not science fiction, but the audacious dream of AI Cars, a startup born in a Yavatmal garage. Meet Harshal Mahadev Nakshane, the 27-year-old founder who poured his passion and limited resources into this futuristic prototype.

But is this dream a recipe for success or a road to nowhere? Join us as we dive into the world of AI Cars, where the scent of innovation mixes with the fumes of skepticism. Will Nakshane overcome the challenges of infrastructure, competition, and limited resources? Can he prove the Sharks wrong and turn his garage-built dream into a global reality? Buckle up, this is one wild ride you won’t want to miss!

About The Company – AI Cars

Startup / Company NameAi Cars
IndustryElectric Cars Industry
FounderHarshal Mahadev Nakshane
Product / ServiceCar Manufacturer
RevenuePre Revenue

About The Pitcher

Number of PresentersOne presenters
Name of PresentersHarshal Mahadev Nakshane
Pitchers CityYavatmal
Pitchers StateMaharashtra

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AI Cars Pitch Details

Shark Tank EpisodeEpisode 9
Original Ask Amount₹ 2 crore
Original Ask Equity4% Equity
Original Valuation 50 Crores
Offer ReceivedNA
Final Deal AmountNA
Total Deal EquityNA
Sharks in DealNA

Solutions Offered

Hydrogen-powered vehicle:

  • The core solution is a hydrogen-powered vehicle offering a claimed range of 1000+ kilometers with a 5-minute refueling time. This addresses the range anxiety and long charging times associated with electric vehicles.
  • The entrepreneur mentions using a handmade fuel cell developed in-house, suggesting a unique and potentially cost-effective approach.

AI-based autonomous driving:

  • The car incorporates AI-based autonomous driving capabilities designed specifically for Indian roads without lane markings. This aims to improve safety and convenience, potentially appealing to urban Indian consumers.
  • The AI system claims to detect and react to dangers like slowing vehicles up to 500 meters away to prevent accidents.

Affordable solution:

  • The entrepreneur emphasizes the car being built in a small garage with limited resources. This suggests a potential for a more affordable alternative to established car manufacturers.

Sports car design:

  • While not directly a solution, the sports car design could attract a specific segment of the market seeking a more stylish and performance-oriented option.

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Lesser Known Facts About AI Cars

  • Founded: 2015 by Harshal Mahadev Nakshane (age 27) in Yavatmal, Maharashtra.
  • Concept: India’s first hydrogen-powered, AI-driven car.
  • Prototype: Built in a small garage with limited resources and handmade components.
  • Hydrogen fuel cell with 1000+ km range and 5-minute refueling time.
  • AI-based autonomous driving capabilities designed for Indian roads.
  • Affordable compared to established manufacturers.
  • Test drive showcased autonomous driving and hydogen refueling.
  • AI system claimed to predict slowing vehicles up o 500 meters away.
  • Entrepreneur emphasized passion and self-reliance in development.
  • The entrepreneur developed the fuel cell technology himself.
  • The AI system was created by the entrepreneur’s cousin.
  • The pitch sparked discussions about innovation and challenges faced by startups in India.
  • Despite the concerns, the pitch resonated with viewers for its audacity and ambition.

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Disclaimer

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