In a engaging episode of Shark Tank India Season 4, Srinagar-based startup Curve Electric showcased their innovative EV sharing platform. Founded by Zubair Ahmed Bhat and Sheikh Yameen, the company aims to revolutionize urban transportation in Jammu & Kashmir through eco-friendly and affordable mobility solutions.
Table of Contents
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Company Overview
Curve Electric, established in 2023 in Srinagar, is tackling multiple urban challenges simultaneously – from traffic congestion to air pollution – while promoting sustainable transportation options in J&K. Their platform focuses on making electric vehicles accessible to urban commuters through a sharing model.
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The Pitch
The founders entered Shark Tank India Season 4 seeking:
- Investment Amount: ₹50 lakh
- Equity Offered: 5%
- Initial Valuation: ₹10 Crore
Key Company Details
Company Name | Curve Electric |
Founders | Zubair Ahmed Bhat and Sheikh Yameen |
Location | Srinagar, Jammu & Kashmir |
Founded | 2023 |
Industry | EV Sharing & Recreational Facilities |
Profitability Status | Undisclosed |
Investment Status | No Deal |
The Sharks’ Panel
The pitch was evaluated by five prominent sharks:
- Vineeta Singh
- Aman Gupta
- Anupam Mittal
- Kunal Bahl
- Peyush Bansal
Unique Value Proposition
- First-of-its-kind EV sharing platform in J&K
- Environment-friendly transportation solution
- Affordable urban mobility
- Reduces traffic congestion
- Promotes healthier lifestyle
- Contributes to air pollution reduction
Business Model Highlights
- Public EV sharing platform
- Focus on urban commuters
- Sustainable transportation
- Community-centric approach
- Regional market focus
Challenges and Opportunities
Despite not securing investment, Curve Electric demonstrates:
- Strong market potential in an untapped region
- Innovative approach to urban mobility
- Clear environmental impact
- Potential for regional expansion
- First-mover advantage in J&K
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Future Prospects
Although they didn’t secure a deal, Curve Electric gained:
- Valuable feedback from experienced entrepreneurs
- National visibility
- Mentorship opportunities
- Industry insights
- Platform for future growth
Conclusion
While Curve Electric didn’t secure investment on Shark Tank India Season 4, their appearance highlighted the growing potential of sustainable transportation solutions in tier-2 cities and regional markets. Their innovative approach to combining environmental consciousness with practical urban mobility solutions represents a significant step forward in India’s EV sharing ecosystem, particularly in regions like Jammu & Kashmir.
FAQs
Who are the founders of Curve Electric?
Zubair Ahmed Bhat and Sheikh Yameen are the founders of Curve Electric.
Where is the headquarters of Curve Electric?
Srinagar, Jammu & Kashmir.