Fuel Cap
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Season 3 Episode 46
| Brand | FuelV |
| Company Name | Alien Versions |
| Founders | Siddharth Madhav, Ha Tade |
| Original Ask | 50 lakhs for 5% equity at the valuation of Rs. 10 crores |
| Deal | No Deal |
About the Product
Alien Versions introduces FuelV, their groundbreaking innovation in vehicle technology. FuelV, a patented fuel cap, represents a significant advancement in the refuelling process, offering a revolutionary way to track the exact amount of fuel dispensed into a vehicle with each refuelling session. This innovative cap not only provides real-time data through its integrated display but also seamlessly syncs with a smartphone, allowing users to stay informed while on the move.
Founders & their story
- Siddharth Madhav
- Ha Tade
Alien Versions introduces FuelV, an innovative solution poised to transform the refuelling experience for vehicle owners. With an average daily petrol consumption of around 53 crore litres in India and a significant scam rate of 30-35%, FuelV addresses this issue by offering a seamless replacement for existing fuel caps, featuring an inbuilt fuel meter. Users can now verify the precise amount of fuel dispensed using the FuelV meter and accompanying app during refuelling sessions. Currently in the prototype stage, the FuelV app is under development, boasting a battery life of 12 days and equipped with 4 magnetic axes. Its unique selling points include precise readings and affordability. FuelV will be available for purchase on their own website. Alien Versions, headquartered in Itanagar, Arunachal Pradesh, has received a total prize money of Rs 3 lakhs, with Siddharth’s investment ranging between Rs 3-4 lakhs.
About the company
Alien Versions is an innovative technology company that emerges from a deep-seated commitment to addressing critical issues often overlooked or inadequately tackled in the current market. Their core focus is on pioneering unique technological solutions that not only bridge these gaps but also raise the bar for efficiency, sustainability, and accessibility across various industries. At the core of Alien Versions’ vision lies the conviction that technology holds immense potential as a catalyst for change, capable of transforming lives and shaping the future. The company is propelled forward by a team of forward-thinking visionaries, relentless innovators, and dedicated problem-solvers who explore new frontiers of technology with unwavering determination. They challenge conventional norms and seek to usher in a paradigm shift in leveraging technology to address complex challenges.
Employing a multi-disciplinary approach, Alien Versions integrates advancements from diverse fields such as artificial intelligence, blockchain technology, renewable energy, and biotechnology into their strategies. This comprehensive approach ensures that their solutions are not only cutting-edge technologically but also ethically sound and environmentally sustainable. Alien Versions directs its efforts towards tackling a wide spectrum of unaddressed problems, ranging from combating climate change and improving global healthcare to enhancing educational access and reimagining financial systems for greater inclusivity. By prioritizing these pressing issues, Alien Versions aims to make a substantial and positive impact on society and the environment.
To realize their ambitious vision, Alien Versions fosters a culture of continuous innovation, collaboration, and transparency. They actively seek partnerships with like-minded organizations and individuals who share their commitment to effecting meaningful change. Through these collaborative efforts, Alien Versions believes they can amplify their impact and bring about the transformative change they envision. In essence, Alien Versions transcends being merely a tech company; it embodies a movement towards a more innovative, inclusive, and sustainable future. With each technological breakthrough, Alien Versions advances closer to their vision of a world where technology serves as a beacon of hope and a catalyst for positive change.
Revenue
The product will be priced at Rs 3000. This is a pre revenue company.
Founders’ Ask
50 lakhs for 5% equity at the valuation of Rs. 10 crores.
No Deal
Reasons for no deal
Aman: The founders lack experience.
Vineeta: The numbers did not add up.
Peyush: The business is not investable.
Ritesh: The professional lives will be impacted by their personal lives.
Anupam: The business is not sustainable.
