Shark Wheel

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

Analytics

Raised to Date: Raised: $529,210

Aggregate Commitments $

Platform

Wefunder

Start Date

11/02/2020

Close Date

01/27/2021

Min. Goal

$50,001

Max. Goal

$528,693

Min. Investment

$299

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$34,900,000

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

1,058%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$6,154

Momentum
Funded
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Location

Lake Forest, California

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

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: 11/02/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Shark Wheel 01/20/2022 Wefunder $40,407,538 $832,598 Equity - Common Active RegCF
Shark Wheel 01/27/2021 Wefunder $34,900,000 $529,210 Equity - Common Funded RegCF
Shark Wheel 04/29/2020 Wefunder $30,000,000 $541,306 Equity - Common Funded RegCF
Shark Wheel 04/30/2019 StartEngine $25,500,000 $534,921 Equity - Common Funded RegCF
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