AI Cars is India’s first artificially intelligent Hydrogen-based vehicle manufacturing startup.
More About AI Cars
AI Cars has built its prototype model in the last 18 months using a Hydrogen cell and AI-based technology. As per the startup, their vehicle gives a range of around 1000 kilometers with 4-5 minutes of refueling time.
Founder of AI Cars
Harshal Mahadev Nakshane is the founder and CEO of AI Cars, India’s first AI-based Hydrogen-cell-powered vehicle manufacturing startup.
AI Cars Shark Tank Pitch and Updates
Harshal Mahadev Nakshane appeared on Shark Tank India season 3 and shared details about his vehicle manufacturing startup.
He started his pitch with the issues that people face with electric vehicles and the charging time that they take. To help people with the same, they started AI Cars and built their prototype.
After that initial pitch, the founders then demanded INR 2 crore for 4% equity at a valuation of INR 50 crores.
Harshal also took the Sharks on a ride to demonstrate his product capabilities and features. The Sharks were not that impressed by the features and performance but were happy with his confidence and what he did in all these years.
After that, the Sharks started asking various questions about his business:
- Vineeta wanted to know the reasons why he was distracted between AI and hydrogen cells and why he should focus on one feature.
- Anupam told the founder that he would not be able to compete with big players with years of data and experience.
- Namita Thapar also agreed with Anupam Mittal that the market is crowded with big players.
- Aman Gupta and Deepinder Goyal also left the deals because of similar reasons.
After all the discussions, the founder was not able to get any investment offers from the Sharks and was not able to secure a deal.
| Company Name | AI Cars |
| Founders | Harshal Mahadev Nakshane |
| Headquarters | Yavatmal, Maharashtra |
| Founded Year | 2015 |
| Business | Vehicle Manufacturing |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 9 |
| Asked For | INR 2 crore for 4% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | No Deal |
| Website | Click Here |
AI Cars was not able to secure any deal from Shark Tank India season 3.
Frequently Asked Questions About AI Cars
After their appearance on Shark Tank India Season 3, people tried to find more information about AI Cars. So here are some of the frequently asked questions about them.
1. Who Is The Founder of AI Cars?
Harshal Mahadev Nakshane is the founder and CEO of AI Cars, India’s first AI-based Hydrogen-cell-powered vehicle manufacturing startup.
2. Is AI Cars From Shark Tank India profitable?
AI Cars is in a very early stage and they have not generated any revenue to be on the profit or loss side.
3. What happened to AI Cars after the Shark Tank?
AI Cars was not able to secure any funding from Shark Tank India but they are still promoting their vehicle in multiple expos and online.
4. What Is The Valuation of AI Cars?
AI Cars asked for the investment from Sharks at a valuation of 50 crores.
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