- Founder: Harshal Mahadev Nakshane
- Business: AI Cars
- Ask: ₹2 Crore for 4% Equity
- Valuation/ Networth: ₹50 Crore
- Funding: No Deal
- Sharks:
- Episode: Season 3 Episode 9
AI Cars Shark Tank Pitch:
AI Cars is India’s first artificial intelligent hydrogen-based vehicle manufacturing startup. In just 18 months, they have built a car in their garage that runs on a hydrogen fuel cell. The refueling time is only 3-5 minutes, and it has a range of over 1000 km. They have also developed an AI-based algorithm for autonomous driving. The main advantage of AI Cars is that the hydrogen fuel cell does not need to be replaced even after 15 lakh+ kilometers. AI Cars achieves autonomous driving through 3D cameras and ultrasonic sensors.
Demo of AI Car:
This is the first car demo made by AI Cars. They have spent 60 lakhs, taking funds from family and friends and also using their savings.
Who are founders of AI Cars?
AI Cars was founded by Harshal Mahadev Nakshane in Yavatmal. In 2015, they developed the first hydrogen cell.
AI Cars Shark Tank Negotiations & Funding:
Aman was the first shark to opt out and suggested the founder pursue a job in another car company, assisting them in developing a green car. Anupam also chose to negotiate, as he believes the technology is beyond AI Cars, and there are bigger players in the market spending billions to overcome the problem. Vineeta and Namita also chose to opt out for same reasons. Deepinder Goyal advised the founder to think rationally, not with his ego. He also chose to opt out.
How is AI Car doing after Shark Tank India?
AI Cars could not secure a deal on the Shark Tank show. They are still in business and projecting their first car to hit the market in 2030. We will update this article within the next couple of months to provide information on how the business is faring and to report on the revenue post the show.
You can checkout their products by clicking the Amazon button below!
Source: Instagram @AiCars.in
Here is an update on other companies from Season 3