Coolpeds
Next up is Tony Chan of Coolpeds, seeking $250,000 for five percent equity.
Coolpeds is an electric scooter-luggage hybrid that allows for more environmentally-friendly travel. According to their website, their “mission is to help more people get around efficiently and reduce pollution in the world.” The scooter, which can go up to seven miles on one charge, costs $479.
Kevin O’Leary takes it for a spin and says he’s impressed by how fast it goes. Chan also previews his electric car, which Lori Greiner calls “unexpected.” In the last 18 months, they have done approximately $500,000 in sales.
Mark Cuban says the “cool” factor is “a brutally competitive market” and goes out, followed by Barbara Corcoran. Greiner acknowledges that she was surprised by the products, but doesn’t think his heart is in the scooter side of the business. She goes out, as does O’Leary. Robert Herjavec likes the idea, but finds it a bit too confusing. He would want to focus on the car, but ultimately goes out.
Social Media Reacts to Coolpeds’ Appearance on “Shark Tank”
#CoolPeds seems like a cool product! @ABCSharkTank #SharkTank
— Elsa❤️#Troublemaker (@Elsa050467) February 19, 2018
OMG! This luggage… this would be ammmmazing in those #InternationalAirports! #CoolPeds #sharktank
— Lauren (@HealHelpHustle) February 19, 2018
Robert likes cool but too much going on with that #SharkTank #CoolPeds
— HONEYmag.com (@honeymag) February 19, 2018
Did we ever discuss the weight limit on #CoolPeds? I’m thinking they wouldn’t hold my frame. That might be something to consider adding to your pitch next time. #sharktank
— Lauren (@HealHelpHustle) February 19, 2018
I’m surprised @robertherjavec didn’t invest in #CoolPeds . I wonder what the electric battery technology was inside the car? #SharkTank @ABCSharkTank https://t.co/R0mnkGQSov
— Elizabeth (@LizakaNinja) February 19, 2018
I’m concerned with both of these #CoolPeds products. I’m not even sure why they were presented together. #SharkTank @ABCSharkTank
— Barbara Corcoran (@BarbaraCorcoran) February 19, 2018
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you use Coolpeds? Sound off in the comments section below!
