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Inboard on shark tank9/22/2023 ![]() ![]() In fact, one of Mark’s companies is working on developing a self-balancing hoverboard. Just because you see individuals driving around on skateboards doesn’t mean it’s scaling. Mark disagrees and says that Chris is wrong. He sees the skateboard as a vehicle and a tool. Maybe not in Toronto, since you have to dig snow out half the year, but in California, it’s happening. Special guest Shark Chris Sacca disagrees, saying that the market is already scaling. Mark says this is a niche market, and Robert agrees that nobody will commute to work with a skateboard that isn’t commuting to work already on a skateboard already. The three from Inboard Technology completely disagree, saying that it’s more like a vehicle. However, Robert insists that it is a toy – it’s a skateboard, ultimately. The greatest thing about the in-wheel motor technology is that it has an internal motor – all their competitors have an external motor, which ultimately is fed with a gear and a belt. The device brakes itself, and the motion of the spinning wheels actually helps to charge the battery. Lori clarifies that the device can go uphill, but asks what happens when you go downhill. Chris then says that they had a $10 million dollar evaluation after their last round of fundraising. Kevin asks about the value of the company after their last round of fundraising. Mark asks about the capital they’ve raised, which is around $2.7 million. They’ve also integrated the battery into the deck for a sleek profile, but the biggest difference between Inboard and their competitors is the way they’ve designed their company.įrom the inception of Inboard Technology, they’ve been based around scaling and high-volume manufacturing. However, what makes Inboard Technology unique is that they have the first-ever in-wheel motor, which is one of the smallest hub motors ever. Robert, however, says that he is sure that there are other electric skateboards out there. Everyone jokes that Kevin looks hardcore, but he says that it’s because he’s very hip – he’s a skater dude. ![]() He returns, impressed and says that the device is very cool. He takes off going faster and zooms out of the Shark Tank. Kevin starts riding away, much to everyone’s surprise. Robert jokes that Chris may want to hold Kevin’s hand in the beginning. So Kevin cannot move it unless he’s using the controller. There is a remote controller, which works as a safety – you hold forward to go forward, and back to go backward. Robert then jokes if it will support Kevin’s weight, but Chris explains that they have tested the M1 for up to 1,200 pounds. Ryan explains that the board is super easy to use there are four contact points with the ground, so it’s really stable. Kevin and Robert step up, and of course, Kevin suits up with pads and a helmet. All for less than the cost of car insurance! So which one of the Sharks wants to get on-board with Inboard Technology, and ride the M1? Thrillingly, Kevin volunteers, as does Robert. Riding the M1 is a fun, easy, and exciting experience. Inboard Technology is on the verge of changing public transportation. They can all agree that with this, parking will not be a problem. At 14 pounds, you can easily carry the M1 into a crowded elevator. All this while looking and feeling like a real skateboard. Their in-wheel motor technology has no moving belts, gears, and requires no maintenance. They’ve integrated headlights and taillights, so you’re safe to ride at night. The M1 is equipped to go up to 20 miles an hour and has a range of 7 to 10 miles. Their solution comes in the form of an M1 skateboard. Getting around urban areas kind of sucks – it’s jam-packed in crowded public transportation, grid-locked when in your car, and just when you think you’ve beaten the system by riding a bike to work, you show up looking like a hot, sweaty mess. Their company is Inboard Technology, and they have come to the Shark Tank to find an investment of $750,000 in exchange for 4% of their company – an $18.750 million dollar evaluation. The three of them are Ryan Evans, Dave Evans, and Chris Haley, all from Santa Cruz, California. In zoom several people on skateboards that are equipped with lighting. Stepping – or riding, rather – into the Shark Tank are a few entrepreneurs who promise to offer a new form of transportation. ![]() Inboard Technology After Shark Tank – 2018 Update. ![]()
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