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. The trio then decided to step out of the tank for a minute to discuss the offers. Wonderful and offered the same terms as Kevin but with a 3% equity ask. After hearing this, Lori decided to compete with Mr. It has an official speed of 22mph, a charge of 90 minutes, but a short range of 7 miles. It weighs 14.5 pounds, about 6.5 kilograms. What is cool about the M1, though is that easily swap oval batteries. However, before she could make an offer, O’Leary warned her that he’d raise his equity if she went out. The Inboard M1, it at 1000, cheaper than Boosted Plus. The other remaining shark, Lori Greiner found the product interesting. Eventually, Mark and Chris dropped out as well. The M1 Electric Skateboard combines dual in-wheel motors, a swappable battery that’s airline compliant, integrated LED lights, and much more to create an experience that will completely change how you get there. Following Kevin’s offer, Robert Herjavec went out after saying that he didn’t believe in the product’s mass transportation play. Inboard + Follow Follow to get deals, content, and email updates from this brand.

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. 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. Ryan Evans, David Evans, and Chris Harley scored big in Shark Tank Season 8.

Inboard m1 electric skateboard