Life-Changing Products on Shark Tank: NeoMotion WheelChair Bikes

Neomotion is an innovative company that manufactures wheelchairs that can also transform into a bike.

Image Source: NeoMotion

Ashish Sharma, Swostik Dash, & Siddharth Daga are the founders of NeoMotion. All three met at IIT Madras.

NeoMotion wheelchairs can run 25 kilometers per charge.

Image Source: NeoMotion

Image Source: Twitter

For the pitching to Sharks, NeoMotion also bring a user of their wheelchair named Shivaji Balaji Pawar on the Shark Tank set.

Shivaji Balaji Pawar is using the NeoMotion wheelchair for 5 months and working as a Zomato delivery boy and earning good enough.

Image Source: Twitter

The NeoMotion founders asked for 1 Crore in the exchange for 1% equity in the company.

Image Source: Twitter

Namita & Anupam gave them an offer - 50 lakhs for 4% and 50 lakhs on debt.

Peyush Bansal also offered them 1 Crore for 5% equity.

But the founders of NeoMotion did not want to change their offer so there was a little chaos.

But finally, Peyush matches their offer but on one condition the NeoMotion will share 5% profit of the company with Peyush till he gets back 1 Cr.

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