Shark Wheel

Shark Wheel

Growth Stage

Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.

Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.

Overview

Raised this Round: Raised: $798,101

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/29/2022

Close Date

01/27/2023

Min. Goal
$10,000
Max. Goal
$1,769,751
Min. Investment

$398

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.29

Pre-Money Valuation

$42,867,875

Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Lake Forest, California

Business Type

Growth

Shark Wheel, with a valuation of $42.9 million, is raising funds on StartEngine. The company has reinvented the wheel which has multiple advantages over the traditional wheel. The Shark Wheel has a longer life, a unique approach angle, less charging, and a better ability to move over rough terrain. The wheels of the Shark Wheel have various applications, including luggage, farming wheel, the printing industry, medical applications, office chairs, casters, skateboards, and many more. Gary Fleishman founded Shark Wheel in December 2018. The current crowdfunding campaign has a minimum target of $10,000.43 and a maximum target of $1,769,750.93. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,828,108

$2,468,579

COGS

$1,179,068

$1,497,454

Tax

$0

$23,920

 

 

Net Income

$-582,108

$-584,659

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$402,824

$399,968

Accounts Receivable

$217,793

$92

Total Assets

$1,374,789

$933,810

Short-Term Debt

$235,921

$662,687

Long-Term Debt

$0

$0

Total Liabilities

$235,921

$662,687

Financials as of: 06/29/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Shark Wheel 01/26/2023 StartEngine $42,867,875 $798,101 Equity - Common Funded RegCF
Shark Wheel 02/10/2022 Wefunder $40,407,538 $952,065 Equity - Common Funded RegCF
Shark Wheel 01/26/2021 Wefunder $34,900,000 $529,210 Equity - Common Funded RegCF
Shark Wheel 04/28/2020 Wefunder $30,000,000 $541,306 Equity - Common Funded RegCF
Shark Wheel 04/29/2019 StartEngine $25,500,000 $534,921 Equity - Common Funded RegCF
Shark Wheel 11/02/2017 StartEngine $15,000,024 $627,998 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Shark Wheel on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $42,867,875
Price per Share: $2.29

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