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: $952,065

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/19/2021

Close Date

02/11/2022

Min. Goal
$50,000
Max. Goal
$4,471,308
Min. Investment

$399

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.29

Early Bird Valuation

$35,290,426

Pre-Money Valuation

$40,407,538

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 $40.4 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 better ability to move over rough terrain. Shark Wheel was founded by Gary Fleishmanin December 2018. The company has also received three government grants for the application of its technology to the farming wheel. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $4,471,308, and the funds will be used towards research and development, operations, inventory, marketing, and placing large purchase orders. The wheels of the Shark Wheel have various applications, including luggage, farming wheel, printing industry, medical applications, office chairs, casters, skateboards, and many more.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,613,442

$1,181,599

COGS

$1,497,454

$615,201

Tax

$0

$0

 

 

Net Income

$-584,659

$-2,179,764

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$399,968

$281,662

Accounts Receivable

$0

$0

Total Assets

$986,296

$591,611

Short-Term Debt

$347,963

$525,804

Long-Term Debt

$0

$0

Total Liabilities

$347,963

$525,804

Financials as of: 07/19/2021
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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 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $40,407,538
Price per Share: $2.29

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