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Indian e-cycle startup <keyword id="15984550" type="General" weightage="80" keywordseo="gear-head-motors" source="Orion">Gear Head Motors</keyword> has secured investment from Aman Gupta, the founder of Boat, and Piyush Bansal of Lenskart on Shark Tank India. This is a major endorsement for GearHead, which has quickly become a major player in the transportation industry with its innovative and sustainable approach to electric vehicles. Founded in 2020 by <keyword id="15984552" type="General" weightage="50" keywordseo="nikhil-gunda" source="Orion">Nikhil Gunda</keyword> and Meher Sai, Gear Head Motors has made a name for itself by designing over 70% of its components in-house and assembling electric cycles tailoring to the specific needs of Indian commuters. GearHead Motors has launched four e-bike models - L. I. F. E - to solve urban commuting problems on the go. With research dating back to as early as 2015, <keyword id="2300" type="General" weightage="80" keywordseo="nikhil" source="Orion">Nikhil</keyword> and Meher, the co-founders of Gear Head Motors, have a deep understanding of the electric vehicle market and a commitment to testing and evaluating their products in real-world conditions. Their dedication to innovation and sustainability has helped Gear Head Motors grow from a small startup with an initial investment as low as Rs. 16,000 to a 35 crore-worth company in just four years. Since its inception, Gear Head Motors has delivered more than 8,000 tricycles and over 5,000 e-bikes. The company aims to bridge the gap between the global supply of electric vehicles and the needs of Indian customers and build an ecosystem that supports sustainable mobility in the future. Aman Gupta, who invested in Gear Head Motors through Shark Tank India, praised the company's founders for their dedication and expertise in the industry. Our sources revealed Aman's insight on GHMEV, "I am really impressed with the design of the e-cycle and happy to be investing in GearHead Motors. The founders have a clear market insight and I am excited to see what they can accomplish with the support." <keyword id="824423" type="General" weightage="50" keywordseo="peyush-bansal" source="Orion">Peyush Bansal</keyword>, also an investor in Gear Head Motors, added: "With Nikhil and Meher's experience and expertise in the Electric Vehicle sector, I am confident that they will be able to steer the industry with their 10X business idea and their 10X entrepreneurial journey. I am glad to be a part of GHMEV. Let's together grow the business. Speaking of the investments, "We are thrilled to have the support of Aman and Peyush as we continue to grow and innovate in the EV space," said Nikhil Gunda, co-founder of Gear Head Motors. "With this funding, we will be able to expand our operations and bring even more electric bikes to the market, helping to support sustainable mobility in India." According to Nikhil and Meher, the key to success in the electric vehicle industry is more than just technology. "EV is not just about Lithium Ion batteries," they said. "EV is an infrastructure, that is building trust and acceptance in the communities." Previously, Gear Head Motors raised 6 crores in a pre-seed funding round led by Hemin Shah and <keyword id="15984551" type="General" weightage="50" keywordseo="sudhakar-moparthy" source="Orion">Sudhakar Moparthy</keyword>. The company focuses on expanding the startup's operations in India and other Asian countries. As the demand for electric vehicles continues to grow in India and around the world, Gear Head Motors is poised to play a major role in shaping the future of transportation. With its strong foundation and ambitious plans for the future, Gear Head Motors is well on its way to becoming a leader in the e-cycle industry. The company's success on Shark Tank India is a testament to its potential for future growth. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/shark-tank-s2-girgit-that-sells-colour-changing-clothes-shoes-and-more-raises-funds/slidelist/96767200.cms">Shark Tank S2: Girgit that sells colour changing clothes, shoes and more raises funds</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gautam-adani-will-be-in-the-hot-seat-on-rajat-sharmas-show-aap-ki-adalat-on-saturday/articleshow/96785740.cms">Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday</a>

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

<ul><li>FIIs have been selling Indian equities for ten consecutive sessions pulling out liquidity from the market.</li><li>As a result, benchmark indices <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> and <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> have already dropped 2% each in the first week of the year.</li><li>Meanwhile, <keyword id="181673" type="General" weightage="20" keywordseo="domestic-institutional-investors" source="Orion">domestic institutional investors</keyword> have infused ₹1,673 crore in the first four sessions of the year.</li><li>After strong buying in November, FIIs went on to sell Indian equities aggressively in December as rising cases of Covid-19 in China spread concerns over global economic growth.</li></ul>The start to 2023 has not been smooth with <keyword id="6438315" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="Orion">foreign institutional investors</keyword> (FIIs) offloading nearly ₹5,000 crore in just the first four trading sessions – continuing the selling trend seen in December – as they chase undervalued assets elsewhere. After strong buying in November, FIIs went on to sell Indian equities aggressively in December as rising cases of Covid-19 in China spread concerns over global economic growth. In December, FIIs sold shares worth ₹14,231 crore compared to net buying worth ₹22,546 crore in November. FIIs have been selling Indian equities for ten consecutive sessions, pulling out liquidity from the market, analysts said. As a result, the benchmark indices Nifty50 and the 30-stock Sensex have already dropped 2% each in the first week of the year. “The major drag on the market now is the sustained selling by FIIs. FIIs sold for the 10th consecutive day yesterday, taking the cumulative selling to ₹11,400 crores. The underperformers of last year like China and Europe are doing well. Clearly, FII money is chasing lower valuations by selling in overvalued markets like India,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services. Meanwhile, domestic institutional investors (DIIs) injected ₹1,673 crore into the market in the first four sessions of the year. Last year as well, while FIIs were busy selling equities in the market, DIIs helped prop up the markets, especially through strong inflows in mutual funds. In 2022, while FIIs sold equities worth over ₹2.78 lakh crore, DIIs infused nearly the same amount – ₹2.75 lakh crore, as per data by NSE. Domestic Institutional Investors are institutions like insurance companies, mutual fund houses, pension funds, or provident funds. FIIs and DIIs activity from Jan 2 - Jan 5 <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Date </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FII net sale/buy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">DII net sale/buy </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹212.57 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹743.35 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 3 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹628.07 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹350.57 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 4 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹2,620.89 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹773.58 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 5 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹1,449.45 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹194.09 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹4,910.98 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,673.41 crore </td></tr></tbody><tbody></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="4">Edit</td></tr></tbody></table>Data source: NSE While FIIs were back to selling in December, DIIs bought ₹24,159 crore in December as against sales worth ₹6,301 crore in November. “This trend (of FII selling) might continue imparting weakness in the Indian market. This trend will open opportunities for investors. FIIs will sell stocks in which they are sitting on profits, like the banking segment,” said Vijayakumar. Going ahead, interest rate movements in the US and Europe, the spread of Covid cases and developments in China will affect the FII flows into or out of Indian markets, analysts added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/why-mcdonalds-is-going-big-even-as-pizza-hut-and-other-rivals-slash-store-sizes/articleshow/96782982.cms">Delivery versus dine-in: Why McDonald's is going ‘big’ even as rivals slash store sizes</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/shark-tank-s2-girgit-that-sells-colour-changing-clothes-shoes-and-more-raises-funds/slidelist/96767200.cms">Shark Tank S2: Girgit that sells colour changing clothes, shoes and more raises funds</a>

Foreign institutional investors sell nearly ₹5,000 crore worth equities in first four days of 2023

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Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

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Foreign institutional investors sell nearly ₹5,000 crore worth equities in first four days of 2023

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