Sway Motorsports Shark Tank Update

Sway Motorsports Shark Tank Pitch

Joe Wilcox appeared on Shark Tank Season 6, Episode 29, which aired on May 15, 2015, with three-wheel electric scooters.

Sway Motorsports is listed in the Fitness Outdoors category. In plain terms, the business is described as three-wheel electric scooters.

Sway Motorsports asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Sway Motorsports made a listed deal with Mark Cuban for $300,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $3 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Sway Motorsports After Shark Tank

Sway Motorsports accepted an on-air Shark Tank deal for $300,000 for 20%. The on-air deal did not close. The business later shut down in 2018. (Sway Motorsports Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches