Srinagar based CURVE Electric offers premium battery-powered bikes for rent. Founded by childhood friends Zubair Ahmed Bhatt and Sheikh Yamin in 2023

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The company has already saved an impressive 145 mts carbon emissions. Their eco-friendly initiative is set to expand to more cities in the Himalayas and over 20 universities

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The idea for CURVE Electric came to life post-lockdown when travel demand surged, and air quality dropped

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Users manually verify IDs at dock stations, receive OTPs to unlock bikes. With GPS tracking and geo-fencing, these bikes ensure safe usage within Srinagar

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The startup operates 11 docking stations in Srinagar and four in Ganderbal, ensuring availability within 5 km in key locations

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Their Fleet Size: 150 bikes, Rides Completed: 55,000, Revenue Projections: From ₹4.5 lakhs in 2023 to ₹29 lakhs by October 2025

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Each bike costs ₹30,000, with a payback period projected to shrink from 4 years to 2.5 years as technology improves

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Ownership of CURVE Electric reflects the founders’ majority stakes: Yamin (Co-founder): 57% Zubair (Co-founder): 33% Incubators: 4% VCs and Angel Investors: 6%

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CURVE Electric’s founders entered Shark Tank India seeking ₹50 lakhs for 5% equity, valuing the company at ₹10 crore

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Sharks' Concerns: High dependency on the Srinagar market, replicating the model in other cities, scalability a capital-intensive business. Hence, no deal was made

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