Build story · India · Shark Tank India Season 1
Revamp Moto Shark Tank India: deal, valuation & business model
An electric two-wheeler designed to be adapted for different uses — personal travel or carrying goods — with add-on modules.
By Shivam Bhandari · Reviewed 31 October 2026 · How we write
by the numbers
- Deal
- ₹1 crore for 1.5% equity
- Implied valuation (equity portion)
- about ₹66.67 crore
- Season
- 1 (aired 20 December 2021 – 11 February 2022)
- Based in
- Nashik
- What they sell
- Modular electric two-wheeler with swappable attachments
What happened
Revamp Moto designed an electric two-wheeler whose rear can be changed with attachments, so the same vehicle can serve personal commuting or small-business deliveries.
Its deal carried one of the highest valuations of Season 1. Hardware start-ups need significant capital for manufacturing, certification and service networks, so a high valuation on a small cheque is often a bet on future scale rather than current revenue.
On Shark Tank India Season 1, Revamp Moto closed a deal of ₹1 crore for 1.5% equity. The equity portion implies a valuation of about ₹66.67 crore for the business.
Timeline
- 2021–22
Pitched on Shark Tank India Season 1.
- Deal
₹1 crore for 1.5% equity.
the lesson
Products that serve multiple jobs can widen a market — but hardware needs patient capital for manufacturing and service.
Apply it to your business
- 1Design one product that solves several customer jobs.
- 2Plan for certification, service and spare parts in hardware.
- 3High valuations raise expectations for future rounds.
Laws at work in this story
Figures are rounded and drawn from public reports, company filings and widely cited coverage at the time. Check the company's latest filings before relying on any number.