Sway motorsports net worth

Sway Motorsports product is an all-electric, three-wheeled vehicle known simply as the Sway.

Joe Wilcox hopes the Sharks get on for a ride when he pitches Sway Motorsports, his line of electric, three-wheeled motor scooters, in Shark Tank episode , the season six finale. Sway Motorsports scooters are powered by rechargeable, lithium batteries and have a range of miles per charge, depending on the model you choose. What makes Sway Motorsports unique is the steering mechanism: instead of turning handlebars, the rider leans, or sways, in the direction they want to turn. The scooters are designed for the urban rider who wants an inexpensive way to get around town, but craves something a bit more stable than a traditional scooter or motorcycle. The design of the scooter makes it unnecessary for the rider to put their feet down. City riders need maneuverability, and the Sway delivers; it fits into motorcycle parking spots as well. Wilcox likely wants a Shark to help fund production to keep costs down.

Sway motorsports net worth

Joe explains, he zipped into the Shark Tank on the Sway, which is a new mode of transportation. Compact, stylish, and of course, all electric — Sway is a thrilling motorcycle with added safety, utility, and maneuverability that make it perfect for your average community. The secret is in the swaying technology, which is a patented technology by Joe that allows for the user to sway and tilt the vehicle with your hands and feet, while keeping battery mass close to the ground for ultra stability. Joe then illustrates his point by turning on a television behind him, which displays the Sway in full use outside. The Sway can zip around tight turns and decelerate quickly, and is a fully competent little vehicle in its own right. Since there is no necessary tilting of the body, the user can carry a passenger or load up their Sway bike with cargo, such as a from a trip to the grocery store. The Sway functions on snow, mud, and ice, and the driver never has to put their feet down during traffic or stop-and-go traffic. Joe is actually in-talks with a high-volume manufacturer, and are talking with several high-volume manufacturers to create a licensed deal. Daymond asks for more details about the design of the Sway, and Joe explains that he is the maker of the Sway and full owner of the company and is based out of Alto Palo, California. He is a designer and inventor in the toy and design industry, and is actually part of a firm that does design across the globe. He has major works which can be seen in many toy aisles across the United States. Lori says that she feels like the Sway is the ultimate toy for anybody — men and women. She then asks about the requirement of operating the vehicle, or if you need a motorcycle license to drive the Sway. In California, you do not need a motorcycle license specifically to operate the Sway, Joe explains.

The Gazette Review sway motorsports net worth your daily news source covering everything from world news to personal finance. Lori says that she feels like the Sway is the ultimate toy for anybody — men and women. The Sway Motorsports Shopify page lists two distinct models.

This strange scooter might have grabbed attention but did it get a deal on Shark Tank? Sway Motorsports was a company that makes scooters that are battery-powered and are moved when the user sways their body from side to side. The company was meant to make scooters that would be sturdy enough to use on a daily basis to get around in a sustainable way. He felt that there was a need in cities for those who are bored with traditional bikes and scooters. The bike was also designed to be fun. This item was more enjoyable than a bike or another mode of transport and was intended to be effective as well as efficient. Joe showed the scooter that he had made in action on a TV screen behind him and Kevin asked how much it cost to buy one.

Sway Motorsports has been making waves in the transportation industry with its unique three-wheeled electric vehicles, which combine style and sustainability. You might remember them from their appearance on Shark Tank where they impressed investors with their futuristic design and eco-friendly mission. The increased exposure and subsequent sales boost have likely contributed significantly to their financial success. It just goes to show how a great idea combined with savvy marketing can really pay off! What makes these bikes so special? With their unique tilting mechanism, you get to lean into your turns just like you would on a skateboard or surfboard.

Sway motorsports net worth

This strange scooter might have grabbed attention but did it get a deal on Shark Tank? Sway Motorsports was a company that makes scooters that are battery-powered and are moved when the user sways their body from side to side. The company was meant to make scooters that would be sturdy enough to use on a daily basis to get around in a sustainable way. He felt that there was a need in cities for those who are bored with traditional bikes and scooters. The bike was also designed to be fun. This item was more enjoyable than a bike or another mode of transport and was intended to be effective as well as efficient.

Mckinley shoes

Sway Lithium Powered by a high quality Lithium Ion battery pack for superior performance and longevity. Unlike traditional scooters or motorcycles, which require the rider to balance and steer primarily using the handlebars, the Sway allows riders to control their movements by leaning in the direction they wish to go, similar to the motion used when skiing. Nick was actually in talks with Kodak cameras, but Kodak backed out and Nick was disappointed, but ultimately, he found a lot of success and built up GoPro. Facebook Tumblr Twitter. Table of Contents. Lori says that she will not be able to offer value for the company and says that she is out. Can he sway a Shark and get an investment? From the looks of it, however, it never happened. If you are accelerating hard the whole time or going up steep hills, you will get fewer miles per charge. One possibility is that the company was simply too ambitious. Many other companies are now producing and selling these types of vehicles.

Sway Motorsport, an Electric motorbike, was started by Joe Wilcox in Sway vehicles are not currently available to purchase, They seem to have shut down the business in

The same goes for their social media pages. Table of Contents. This will be our final Sway Motorsports update. There are a few possible reasons why Sway Motorsports failed. As of May, , the website is dark too. After some conversation, Mark offers for Joe to make him an offer. Lori complimented the toy but did not make an offer. By Tyler Forms. It will be distributed in the U. Even in San Francisco, this is a common trend. Many other companies are now producing and selling these types of vehicles. Despite the initial hype and interest generated by the show, the company needed help in bringing their Sway Lithium Trikes to the market. Nick sees something in the Sway, and says that he sees Joe as a passionate and that Joe should surround himself with people who share the same vision and can help to organically grow the business, but ultimately, he cannot invest and find the return on his investment in a timely fashion. Table of Contents Toggle.