Biography of Bhupen Mehta: Founder of MK Power and E Mobility -Entrepreneur
Bhupen Mehta’s Vision for Electric Mobility
A Dream Takes Shape
Bhupen Mehta, the founder of MK Power and E Mobility, has
always dreamed of creating his own automobile company. His startup is focused
on manufacturing electric vehicles, particularly commercial cargo carriers and
passenger auto rickshaws in the L5 category. With the world shifting towards
sustainable transport solutions, Bhupen saw an opportunity to bring his vision
to life.
Innovative Electric Vehicles
MK Power and E Mobility’s vehicles boast impressive
features—full charging in just 3.5 hours, a range of 150 km per charge, a
loading capacity of 700 kg, and a top speed of 50 km/h. These specifications
make them ideal for both urban transport and commercial use. The company is
currently looking for dealers across multiple states in India, including
Maharashtra, Karnataka, Rajasthan, Goa, and more.
The Shark Tank Pitch
Determined to scale his business, Bhupen, along with his
co-founder, appeared on Shark Tank India Season 4. They asked for Rs 3.5 crore
in exchange for a 5% equity stake, valuing the company at Rs 70 crore. Though
they hadn’t sold any units yet, their goal was to manufacture 100 vehicles per
month and eventually build a Rs 200 crore company that could compete with major
players like Bajaj.
An Unwavering Spirit
Bhupen’s confidence and passion impressed the sharks. He had
been following the show for years and was encouraged by his wife to take the
leap. She reminded him of the young entrepreneurs who fearlessly pitched their
startups, motivating him to share his vision with the investors.
Biography of Bhupen Mehta: Founder of MK Power and E Mobility -Entrepreneur# startup#age#net worth#investor#shark tank#MK Power and E Mobility story
Experience and Legacy
Having started his career in 1972, Bhupen has decades of
experience. He once worked closely with the late politician George Fernandes,
which shaped his perspective on business and leadership. Despite his age, he
remains energetic and eager to build something impactful in the electric
vehicle space.
Facing the Sharks' Questions
Namita Thapar asked Bhupen how he planned to compete with
established brands. He confidently responded that all manufacturers source
parts from the same suppliers, and his vehicles are not only powerful but also
more affordable. He also shared his long-term plan to set up his own
manufacturing facility.
A Heartwarming Moment
During the pitch, Bhupen mentioned that his wife admires
Aman Gupta, one of the sharks. Aman was delighted by the compliment but was the
first to step out of the deal, citing his lack of experience in the automobile
sector. Despite this, Bhupen continued to answer every question with clarity
and conviction.
Academic Excellence and Global Exposure
Bhupen’s wife revealed that he studied in the United States,
where he earned a PhD and later pursued a post-doctorate fellowship in Tokyo in
1991. His vast academic background and global exposure further add to his
credibility as an entrepreneur.
A Vision for the Future
Although Bhupen didn’t secure a deal on Shark Tank India, he
left a lasting impression. His ambition to create a successful electric vehicle
brand remains strong. With his experience, determination, and innovative
approach, MK Power and E Mobility has the potential to revolutionize the market
and offer a competitive alternative to industry giants.
Timeline for story
1972 – Bhupen Mehta began his career.
1991 – Completed post-doctorate fellowship in Tokyo.
2023 – Founded MK Power and E Mobility.
2024 (Shark Tank India S4) – Pitched for ₹3.5 Cr at ₹70 Cr
valuation.
2024 (Shark Tank India S4) – Did not secure a deal but
impressed the sharks.
2025 & Beyond – Focus on scaling production and
expanding dealer network.
