Inboard Technology decided to sell off its intellectual property and assets in November 2019, after a pivot into the electric scooter market failed.įor more updates from Shark Tank Season 8 Episode 10, be sure to check out:įor more on Shark Tank Season 8, be sure to check out our Season 8 products page. It seems that the company has since closed down. With a huge influx of cash insured, you’d think that we’d have good news in our Inboard Technology update, but you’d be wrong. The trio countered with 3% equity and eventually meet in the middle at 4% with a 9% interest rate on the $750,000 loan. Instead of their original offers, they were now offering the $750,000 as a loan for 8% interest and 5% equity. By the time they were back, the two sharks had decided to team up. NEXT Inboard Technology got featured on Shark Tank USA in January 2017. The trio then decided to step out of the tank for a minute to discuss the offers. Cuban has appeared as a judge on the popular ABC show Shark Tank for 9 of. Wonderful and offered the same terms as Kevin but with a 3% equity ask. After hearing this, Lori decided to compete with Mr. The Army selected the Lockheed AH-56 Cheyenne, a more capable attack aircraft with greater speed for initial production. However, before she could make an offer, O’Leary warned her that he’d raise his equity if she went out. The other remaining shark, Lori Greiner found the product interesting. Eventually, Mark and Chris dropped out as well. Following Kevin’s offer, Robert Herjavec went out after saying that he didn’t believe in the product’s mass transportation play. Motor lift, a hydraulic power unit for outboard and inboard-outboard motors of. The first to do so was Kevin O’Leary, who offered them $750,000 as a loan at an 8% interest rate for 2.5% equity. Signal flares, dye markers, shark repellent. Neither of the two would end up making an offer. Whereas Chris saw potential in Inboard Technology, Mark Cuban found it difficult to scale despite the business already having $5.6 million in pre-orders. Guest shark Chris Sacca was one of the first to praise Inboard Technology’s product, saying he saw electric scooters and skateboards as a potential transportation alternative. Result: $750,000 loan at 9% interest + 4% equityįollowing a successful Kickstarter campaign, Ryan, David, and Chris decided to try their luck in the Shark Tank.Business: Electric skateboards and scooters.Entrepreneur: Ryan Evans, David Evans, and Chris Harley.By the end of their pitch, they walked away with a deal with Lori Greiner and Kevin O’Leary for a $750,000 loan at 9% interest for 4% equity, which should make you curious for an Inboard Technology update. They came in asking for $750,000 for 4% of their company, Inboard Technology. And Santa Cruz offers the best of both worlds, with Inboard joining a cadre of other well established and well known lifestyle companies, like Santa Cruz Bikes and Santa Cruz Skateboards.Ryan Evans, David Evans, and Chris Harley scored big in Shark Tank Season 8. Now they are spending most of their days working to process orders and scale up the business, while also soaking up the Santa Cruz sun.Įventually the company hopes to be considered Tesla for rideables, emphasizing the importance of design, and first finding a suitable market from which to grow. Not only did the company start out by receiving over $400,000 dollars in pre-orders via their Kickstarter page, but they were also featured on the infamous Startup pitch reality show Shark Tank ( and yes, they received an offer). It’s a sleek and refined personal transportation board with a top speed of over 24 mph, and in-wheel motors that maintain the smoothness of the regular skateboard experience. Their product: the M1 Electric Skateboard. Check Price We earn a commission if you make a purchase, at no additional cost to you. SAFE & EASY: Made from food grade silicone, BPA free, dishwasher safe, heat resistant to 475F, non-slip and naturally non-stick. And hopefully something really cool…Įnter Inboard Technologies, producers of the world’s highest quality electric skateboards, and local Santa Cruz entrepreneurs. AS SEEN ON SHARK TANK: Safe Grabs is the ORIGINAL heat-resistant multi-purpose silicone microwave mat. What will personal transportation look like in the future? With urban gridlock reaching levels of frustration previously never thought possible, and more and more people moving to the Cities everyday, it’s becoming increasingly clear that something has to be done.
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