Biography of Nishith Parikh: Founder & CEO of Hornback E-Mobility- Entrepreneur
Biography of Nishith Parikh:
Nishith Parikh is a visionary entrepreneur who is making
waves in the field of urban mobility. As the Co-Founder and CEO of Hornback
E-Mobility, Nishith is driven by a mission to create innovative mobility
solutions that enhance the lives of urban commuters. His approach combines
engineering excellence with a strong commitment to sustainability, aiming to
transform how people navigate their cities.
Educational Foundations
Nishith's educational journey is rooted in a strong
engineering background. He pursued his Bachelor of Engineering in Mechanical
Engineering at Vasavi College of Engineering, where he developed a solid
foundation in the principles of design, mechanics, and systems engineering. His
thirst for knowledge and excellence led him to the prestigious Indian Institute
of Technology, Bombay, where he further specialized in areas critical to
innovation and technology. This rigorous academic training not only equipped him
with technical skills but also instilled a mindset focused on problem-solving
and creativity, essential for his future entrepreneurial ventures.
Establishing Hornback E-Mobility
In May 2022, Nishith co-founded Hornback E-Mobility in
Hyderabad, marking a significant step in his career as an entrepreneur.
Hornback focuses on addressing the pressing issue of last-mile commuting—a
critical challenge in urban transportation. With rapid urbanization and
increasing vehicle congestion, finding efficient, eco-friendly solutions is
more important than ever. Hornback's innovative products aim to bridge this
gap, offering urban residents a practical and sustainable commuting option.
The Idea Behind Hornback
The idea for Hornback emerged from Nishith’s collaboration
with his co-founder, Rajkumar Kewat. Both were batchmates at IIT Bombay and
shared a deep-rooted passion for engineering and technology. Their initial
projects included developing home automation systems and creating award-winning
solar lamps. However, they soon realized that the issue of last-mile
connectivity needed urgent attention. Motivated by their desire to create a
positive impact on urban living, they pivoted their focus to designing a foldable
bicycle that is both functional and environmentally friendly.
The Magic of Folding
At the core of Hornback’s product offering is its
groundbreaking folding mechanism, known as the "magic fold."
Developing this technology was no small feat; it required five years of
rigorous testing, prototyping, and refinement. The goal was to create a bicycle
that not only performed like a conventional bike but also had the versatility
to fold up into a compact form. This design allows users to easily transport
the bike on public transport systems, making it an ideal solution for urban
commuters who often face challenges with space and convenience.
Engineering Challenges
The engineering behind Hornback's bicycle is remarkably
intricate. Unlike typical folding bikes that often sacrifice performance for
compactness, Hornback's design maintains larger wheels and a robust frame. This
approach ensures that the bike performs reliably under various conditions. The
innovation lies in the patented SMAC (Synchronous Mechanism for Adaptive
Commuting) technology, which features multi-planar joints that provide three
degrees of movement during the folding process. This level of complexity is
unprecedented in the cycling industry, reflecting Nishith's commitment to
pushing the boundaries of what is possible in bicycle design.
Leadership at Kachbo Design
In addition to his leadership role at Hornback, Nishith is
also a co-founder of Kachbo Design, established in June 2018. Kachbo is
dedicated to fostering innovation through design and engineering. The company's
mission is to challenge conventional designs and processes, driving reform that
enhances product usability. By focusing on creative problem-solving and
design-driven innovation, Kachbo Design aims to make a significant impact
across various industries, aligning perfectly with Nishith's philosophy that
constant innovation is essential for progress.
Biography of Nishith Parikh: Founder & CEO of Hornback E-Mobility- Entrepreneur/age/net worth/investor/startup/last-mile commuting solutions
Previous Experience
Before embarking on his entrepreneurial journey, Nishith
gained valuable experience in manufacturing and industrial design. His tenure
at Rupa Industries was particularly impactful, where he served as Production
and Development Manager. In this role, he was responsible for managing
manufacturing processes and leading teams to enhance production efficiency.
Nishith also developed special-purpose machinery that improved the production
of welding consumables, significantly increasing productivity and ensuring higher
quality standards. This experience not only sharpened his operational skills
but also deepened his understanding of the manufacturing landscape, equipping
him with the insights necessary for his future endeavors.
Recognition in the Market
Hornback’s innovative approach to urban mobility captured
the attention of investors and industry experts alike, culminating in a
successful pitch on Shark Tank India. During this pitch, Nishith sought ₹50
lakhs for 1% equity, valuing the company at ₹50 crores. The response was
overwhelmingly positive, leading to an investment of ₹50 lakhs for 2.5% equity,
which highlighted the confidence investors have in Hornback's potential to
disrupt the market. This recognition not only validated the hard work put into
the product development but also positioned Hornback as a key player in the
burgeoning e-mobility sector.
A Commitment to Sustainability
Sustainability is a cornerstone of Hornback's mission.
Nishith believes that urban transportation must evolve to address environmental
concerns. By providing an eco-friendly alternative to traditional vehicles,
Hornback contributes to reducing urban air pollution and traffic congestion.
The company’s foldable bicycles offer a practical solution for city dwellers
who are increasingly seeking ways to reduce their carbon footprint while
maintaining convenience in their daily commutes. This commitment to sustainability
resonates with a growing segment of consumers who prioritize environmentally
responsible choices.
Looking Ahead
As Nishith Parikh continues to lead Hornback E-Mobility and
Kachbo Design, he remains steadfast in his vision of creating innovative
solutions that address real-world challenges. His journey is characterized by a
relentless pursuit of improvement and a desire to make a meaningful difference
in people's lives. Nishith's work not only reflects his passion for engineering
but also embodies a broader commitment to creating a more sustainable and
efficient urban environment. With the ongoing development of new products and
technologies, he is poised to make a lasting impact on the future of urban
mobility, pushing the boundaries of what is possible and inspiring others to
embrace innovation.
A timeline for Nishith Parikh’s journey with Hornback
E-Mobility and Kachbo Design:
2015 - Graduates with a Bachelor of Engineering in
Mechanical Engineering from Vasavi College of Engineering.
2017 - Completes studies at IIT Bombay, enhancing his
engineering expertise.
June 2018 - Co-founds Kachbo Design, focusing on innovative
product design and engineering.
May 2022 - Co-founds Hornback E-Mobility in Hyderabad,
targeting last-mile commuting solutions.
2022 - Develops the "magic fold" technology for
Hornback's foldable bicycles, ensuring performance and portability.
2023 - Secures ₹50 lakhs investment on Shark Tank India,
increasing Hornback’s market visibility.
2024 - Continues to drive Hornback’s commitment to sustainability and innovative urban mobility solutions.
