Answer to Question #338288 in Management for Saif

Question

You and your friend have worked on the idea of a unique two-wheeler that runs on

electricity. This can be mainly used for B2B purpose by all the delivery companies like

Swiggy, Zomato, Tata 100mg and other Online E-commerce platforms. The potential

for the product is huge, however, you need to be very sure of the Product Performance

before you approach the VC for funding for commercial scale manufacturing. To ensure

that the actual product meets the predefined quality standards, you need to do testing at

various stages of NPD. Explain all the different types of testing you will be doing

during the different stages of NPD of your product. What shall be your final step before

you approach VC to fund the project.