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

Analytics

Raised to Date: Raised: $952,065

Aggregate Commitments $

Platform

Wefunder

Start Date

07/20/2021

Close Date

02/11/2022

Min. Goal

$50,000

Max. Goal

$4,471,308

Min. Investment

$399

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.29

Pre-Money Valuation

$40,407,538

Rolling Commitments $

Status
Funded
Reporting Date

02/28/2022

Days Remaining
Funded
% of Min. Goal

1,904%

% of Max. Goal

21%

Likelihood of Max
Funded
Avg. Daily Raise

$4,622

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 $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: 07/20/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Shark Wheel 09/28/2022 StartEngine $42,867,875 $80,958 Equity - Common Active RegCF
Shark Wheel 02/11/2022 Wefunder $40,407,538 $952,065 Equity - Common Funded 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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Shark Wheel on Wefunder 2021
$
Platform: Wefunder
Security Type: Equity - Common
Valuation: $40,407,538
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