PMV Electric is a Mumbai-based company that is responsible for the production of a two-seater Micro electric car “EaS-E”.

To take his business forward, Kalpit requested an investment of Rs 1 crore for 1 percent equity.

Shark Tank Story of PMV

One of the sharks, Anupam, founder of big brands like made an offer of Rs 60 lakhs for 4 percent equity, as well as Rs 40 lakh in debt.

Offers made by the Shark to PMV

Kalpit countered with an offer of Rs 1 crore for 2 percent equity. After hearing Kalpit’s reasoning, Anupam amended his offer to Rs 1 crore for 6.67 percent equity, without the debt aspect. Unfortunately, Kalpit ultimately rejected this offer.

Top-Speed :- 70 km/ph Range :- 200 km/ch Battery :- 10 kW

PMV EaS-E Electric Car

In November, PMV unveiled its innovative micro electric car, complete with futuristic features such as self-parking, “E-Feet Free” mode, “Follow-me-home” lights, a single pedal drive, and over-the-air updates for parking assistance.

PMV Features