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: $529,210

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/01/2020

Close Date

01/27/2021

Min. Goal
$50,001
Max. Goal
$528,693
Min. Investment

$299

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.06

Pre-Money Valuation

$34,900,000

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 pre-money valuation of $34.9 million, is raising crowdfunding on WeFunder. The company has reinvented the wheel that 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. Shark Wheel was founded by Gary Fleishman and has raised over $3.5 million in previous rounds of financing. The company has also received two government grants for the application of its technology to the farming wheel. The current crowdfunding round has a minimum target of $50,001 and a maximum target of $528,693, and the funds will be used for research and development, operations, marketing, and daily business operations. Shark Wheel has recently signed a deal for US military deployment bags and a licensing deal with one of the industry leaders.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,181,599

$950,796

COGS

$615,210

$491,022

Tax

$0

$3,049

 

 

Net Income

$-2,179,764

$-759,938

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$281,662

$247,546

Accounts Receivable

$0

$3,672

Total Assets

$591,611

$464,471

Short-Term Debt

$525,804

$245,865

Long-Term Debt

$0

$0

Total Liabilities

$525,804

$245,865

Financials as of: 11/01/2020
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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 Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $34,900,000
Price per Share: $2.06

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