Powertree is a solar power startup that got featured in Shark Tank India. This article tells you about Solar tree startup, solar power startup shark tank, imagine powertree, powertree projects, imagine powertree government projects, imagine powertree shark tank, portable solar tree, imagine powertree solar plant price.
|Company Name||Imagine Powertree|
|Net Worth||6 Crores|
|Valuation||Rs 60 Crores|
|Funding Asked||Rs 1.5 Crores for 2.5% Equity|
The Powertree – Solar Tree Startup
Mayank Patil and Shani Pandya are Co-Founders. Powertree is a solar energy startup based in Gujrat. As we all know that solar energy is our need and one of the most significant faults in solar energy installation is that it consumes a lot of space over the ground and that is the reason why people living in cities are unable to install solar plants in their homes.
For this reason, they were inspired by Trees and developed their own patented product “SOLAR TREE” which consumes 98% Less space than the other solar plants. You will be amazed to know that this tree also revolves like a sunflower which enables you to get 20% additional solar power. they can provide electricity to 4 homes at one time, and can also charge even bikes. Portree has set up its plants in 6 Cities.
Recently, They have installed the world’s highest-power solar tree. The team of this startup wants that in the future every EV, Electric device should get power from their Solar Tree.
Powertree has developed their business in the last 3 years from 0 to 6 Crores.
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Ask and Valuation of PowerTree
Powertree asked for Rs 1.5 Crores in exchange for 2.5% Equity. The valuation of the power tree is 60 Crores.
Unique Points of Powertree
They are working on two unique points: the addition of sustainable materials in their products. Since both founders are engineers, they are planning to install carbon capture technology.
Powertree has done a business of 4.3 Crores in last 3 years and they are having 3 Major Clients.
- B2G – Brand 2 Government, That accounts for 70% of their sales.
- B2B- Thye launched this one year before.
- B2C- Rooftop Trees and This is a replacement business.
Team of Powertree
They are having a team of 15 Persons. Mayank takes care of the Operational Part and Shani is responsible for SALES and Investment.
Product of Powertree
CTO Vansh Pandya is taking care of the Products, He was a fresher when he joined the company.
Pricing of Powertree
If we take an example of Direct 2 Consumer Part, Then a 3KW Solar Panel is for Rs 1.20-1.50 Lakhs and a 3KW Solar Tree is for Rs1.60-1.70 Lakh, Whereas a 10KW Solar tree will for 9 Lakh Rs.
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Big players like Adani, Tata, and Reliance are going to enter this space which will be giving direct competition to Powertree and this is why a team of this startup needs Sharks to invest in their company and be a part of their core team.
Since Solar Plants cannot be installed everywhere, as there are some parts of India where the sunlight does not come directly or throughout the year in huge quantities.
When Powertree was consulting the corporates about why they are not installing these Solar Power PLants then they got feedback that “If the corporates will install the Power Plant in 6 Acre Area then where will they do their business”
To this Problem, Powertree has proposed the corporates provide them with the space available on both sides of the road for Lease and there they will get investment to install Power Plants.
Strategy to make it big
This is going to be a scalable project according to the team of Powertree, as Cities in India are having a grant of 100-200 Crores in FIXED DEPOSITS and they are not doing anything from that money.
Cities are thinking to install EV Charging Stations, Creating small chargers to charge Vehicles and Generation of Oil from Solar.
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Sharks investing in Powertree | Shark Tank India Unseen Pitches
Vineeta is scared of businesses that are linked to the government and Since Solar Business is associated with regulations, that’s why she is out.
Aman was unable to understand the strategy of Powertree and he said that the “Team of Powertree is promoting the concept of solar more rather than their own company”. By giving this as a review, He said he is out of the Pitch.
She said that Powertree is going to compete with big players and she is not having a lot of “EXPERTISE” in this industry which will be not helpful for the startup as well, That’s why she is out of the pitch.
Anupam was unable to understand the business a lot and advised them to not get burned in this solar business.
Ashneer suggested to them that Powertree is going into a modular business and they should go in making this business for Large Plants.
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This was one of the most amazing pitches of Shark Tank and You will be amazed to know that this pitch was not aired on Sony Channel. This is only available on Sony Liv App.