What Happened to AiCars After Shark Tank India?

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What is AiCars?

AiCars is a hydrogen-based vehicle manufacturing company. It’s AI-powered and made in India.

Electric vehicles take a lot of time to charge fully. At home, this time is around 7 hours and in the charging stations, this time is around 2 hours. But it can only cover 300 ~ 400 km.

The car Harshal created is powered by hydrogen fuel cells. The charging time is less, and it gives a range of 1000+ km.

One more perk of the hydrogen fuel cell is there’s no need to replace it after driving 15 Lakh km.

There’s an AI algorithm in the car that will help drive the car without the help of any driver (according to the founder). The AI is specially designed for Indian roads.

Who is the Founder of AiCars?

Harshal Mahadev Nakshane is the founder of Aicars. He’s from Yavatmal. Harshal is a big car enthusiast. He’s been working on car projects since 2015.

AiCars Before Shark Tank India?

Harshal made the car in only 18 months. Aicars use 3D cameras and ultrasonic sensors for autonomous driving.

How much money did he ask for on the pitch?

He came to Shark Tank India seeking ₹2 Crores for 4% equity in the company Aicars. Which gives the company a valuation of ₹50 Crores.

With the funding, Harshal plans on making a road-ready car. He wants to get all the required certifications from the government.

How much money did he raise for AiCars?

He didn’t raise any money from outside investors for this project. He got some money from his friends and family. In total, he invested ₹60 Lakhs.

How to get AiCars?

Currently, the car’s not in the manufacturing state, so you won’t be able to order one yet.

Competitors of AiCars

Currently, the Toyota Mirai & Hyundai Nexo are 2 competitors of Aicars. These run on hydrogen cells as well.

Which shark gave AiCars an offer?

Aman Gupta was out. He advised him not to waste any more time on this project.

Vineeta Singh was out.

Anupam Mittal was out.

Namita Thapar was out.

Deepinder Goyal was also out.

Just like that, all the sharks were out.

What deal did AiCars get in Shark Tank India?

Unfortunately, AiCars didn’t get any deal in Shark Tank India.

Company Name AiCars
Founder Harshal Mahadev Nakshane
Asked Amount ₹2 Crores for 4%
Final Deal No Deal
Shark No Shark
Company Net Worth ₹50 Crores
Company Website aicars.in
Company Status In Business

What is the net worth of AiCars?

The net worth of AiCars is ₹50 Crores.

Is AiCars still in Business?

AiCars was never in the business in the first place. It was just a prototype made by Harshal.

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