Formula Bharat

An Indian Formula Student competition

FB2022 Business Plan Finalists for Electric Category

2 min read

The following teams at Formula Bharat 2022 have been selected for the Business Plan Finals for the Electric Category (in no particular order):

  • E03 – IIT Bombay Racing – Indian Institute of Technology Bombay
  • E05 – DJS Racing Electric – Dwarkadas J. Sanghvi College of Engineering

The finalists will receive a score between 71 to 75 points.

The award for the Business Plan Winner in the Electric Category is sponsored by Zuken India.


  • Finalists will not be delivering their presentation again at the finals. The objective of the finals is to take a deep dive into the core of the proposed business plan.
  • At the beginning of the assigned slot, each team must deliver a maximum 3-minute pitch which will be a quick summary on the business model and the investment requested for.
  • The rest of the time slot will be a Q&A session in which the team will be judged on the following:
    • Comprehensiveness of Business Model – market segmentation, completeness of service delivery model, ease of customer acquisitions etc.
    • Financials
    • “Implementability” – realistic viability and action plan to realize the idea
    • Team Capability Analysis – HR capabilities to realize the business plan
  • Details on submitting the above documentation will be emailed to the finalists.

For non-finalists, once the Cost Report documentation has been submitted on January 5, all teams will receive a compilation of their penalties (if any) assigned to document submissions. Upon finalization of the penalties (if any) post protests and clarifications, the scores for the non-finalists will be released.

For any concerns, write to formulabharat(@)