What Happened To Inboard Technology After Shark Tank?
Inboard Technology After Shark Tank Update: Inboard Technology is an electric scooter and skateboard company founded by Ryan Evans, David Evans, and Chris Harley. This innovative company was founded by three friends in 2014 so that riders can enjoy their rides smoothly.
Many electronic skateboards have come into the market, but their M1 electric skateboard is unique from the rest because it has in-wheel motor technology.
What is Inboard Technology?
Inboard Technology is a California-based sporting goods manufacturing company. This company makes electric scooters and skateboards.
Their successful product is the M1 Electric Skateboard, which uses in-wheel motor technology, which is one of the smallest hub motors. A small battery is attached inside this skateboard which supplies power to the wheels and the skateboard is controlled from the remote.
Who Is The Founder Of Inboard Technology?
The Three freinds Ryan Evans, David Evans, and Chris Harley are the Co-founders of the Inboard Technology company.
They started this business in 2014.
Inboard Technology Shark Tank Update
| Company Name | Inboard Technology | |
| Founder | Ryan Evans, David Evans, and Chris Harley | |
| Founded | 2014 | |
| Product | Electric scooters and skateboards | |
| Asked For | $750k for 4% equity | |
| Final Deal | $750k loan at 10% interest + 3% equity | |
| Shark | Lori Greiner Kevin O’Leary | |
| Episode (Shark Tank USA) | S8 E10 | |
| Air Date | Dec 2, 2016 | |
| Business Status | Out of Business | |
| Inboard Technology Net Worth | $25M *estimated | |
| Headquarters | Santa Cruz, California, US | |
| Inboard Technology Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To FlexScreen After Shark Tank?
Inboard Technology on Shark Tank Pitch
Ryan, David, and Chris all three after entered the shark tank. After that they explain their business to the shark and ask the shark for $700k for 4% equity. Kevin O’Leary used the product himself and found the product sustainable.
Mark, Robert, and Chris are all three sharks out. Kevin O’Leary offered $750,000 loan at 8% interest for 3 years + 2.5% equity. Lori Greiner offered a $750,000 loan at 8% interest + 3% equity.
Kevin and Lori teamed up and offered $750,000 loan at 8% interest + 5% equity. After some negotiation, the co-founders committed to the $750k loan at 10% interest for 3 years + 3% equity offer.
Inboard Technology Net Worth
Inboard Technology has an estimated net worth of $10 million. The market size of electronic skateboards in the United States is more than $269 million. In today’s time, the industry of electronic scooters, skateboards, cars, etc. is increasing continuously.
Is Inboard Technology Still In Business?
No, Inboard Technology is Out of business as of August 2023.
No information related to the inboard technology business is available from 2022 and the official website of this company is also not active.
The headquarters of this company is in Santa Cruz, California, United States.
FAQs
The Three freinds Ryan Evans, David Evans, and Chris Harley are the Co-founders of the Inboard Technology company.
The Net Worth of Inboard Technology is estimated at $10M.
No, Inboard Technology is Out of business as of August 2023.
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