Product Update
Is Shark Wheel Still in Business? (2026 Update)
Is Shark Wheel from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy Shark Wheel today.
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Shark Wheel is proof that a Shark Tank deal falling apart is not always the end of the story, and sometimes it is barely a footnote. The squared-off wheel company walked away from three sharks without a closed investment and went on to win a government grant, land a licensing deal with Harley-Davidson, and crowdfund its way into a multi-million dollar business anyway.
The Short Answer
Yes, Shark Wheel is still in business, and it has grown well beyond the skateboard wheels it pitched with. The current website sells skateboard wheels, complete boards, and electric longboards direct to consumers, while also running a serious industrial side of the business supplying wheels for pallet jacks, farming equipment, and other Fortune 500 applications.
That dual consumer-and-industrial model is unusual for a Shark Tank company and it appears to be exactly what kept the business alive after the on-air deal quietly fell apart.
The Shark Tank Pitch
The founders pitched Shark Wheel in Season 6, Episode 29, out of Lake Forest, California, presenting their squared, sinusoidal wheel design as an upgrade over traditional round skateboard wheels, claiming smoother rides and better traction. They asked for 100,000 dollars for 5 percent equity.
Three sharks got involved at once: Mark Cuban, Robert Herjavec, and Nick Woodman agreed to a combined package of 225,000 dollars, split 75,000 dollars per shark, plus a 500,000 dollar royalty structure, in exchange for a combined 7.5 percent equity stake.
The Deal That Never Closed
Despite the on-air handshake with three sharks at once, the Shark Wheel deal never actually closed. Whatever happened in the post-show negotiation and diligence process, none of the three investors ended up formally in the business.
Rather than fold, the founders went looking for capital elsewhere, and found it in places that had nothing to do with television exposure.
How the Company Grew Without a Shark
Shark Wheel raised 627,728 dollars through equity crowdfunding in 2017, then ran a Kickstarter campaign in 2020 to fund an electric skateboard line. That same year, the company won a Phase II Small Business Innovation Research grant from the National Science Foundation worth 724,000 dollars specifically for developing its wheel technology for farming equipment applications, a genuinely different market than the skate shops the brand started in.
On the consumer side, Harley-Davidson put Shark Wheels on some of its luggage products, a licensing win that lent the brand credibility well outside the skateboarding niche. By January 2023, the company was reporting annual revenue in the 3 to 4 million dollar range across its skateboard, longboard, electric board, and pre-order farming wheel product lines.
The farming wheel application is worth dwelling on, because it shows how far the underlying technology traveled from its original pitch. The same squared, sinusoidal design that was supposed to make a skateboard ride smoother turned out to move differently through soft, uneven ground than a standard round wheel does, which is why a federal agricultural research grant ended up funding it. Very few skateboard companies end up doing contract engineering for farm equipment manufacturers, and that pivot is a large part of why Shark Wheel kept growing instead of fading after its investors walked away.
Shark Wheel net worth in 2026
No independently audited net worth figure exists for Shark Wheel. The most recent verifiable financial data point is annual revenue in the 3 to 4 million dollar range as reported in January 2023, built on a mix of consumer wheel sales, the Harley-Davidson licensing deal, crowdfunding capital, and a 724,000 dollar NSF government grant for its industrial farming wheel application. Given the diversified revenue base across consumer and industrial channels, a specific current valuation is not publicly documented, and this page will not estimate one beyond what has been reported.
Where Things Stand Now
Shark Wheel pitched in Season 6 and got a three-shark handshake for 225,000 dollars plus a 500,000 dollar royalty that never actually closed into a real investment. Instead of stalling out, the company crowdfunded, won a six-figure federal research grant, landed a Harley-Davidson licensing deal, and built a real industrial wheel business alongside its consumer skateboard line.
If you are wondering whether the squared wheel survived its shark deal falling through, it did more than survive. By 2023 it was a multi-million dollar business selling into markets the original pitch never even mentioned.
Where to buy Shark Wheel
Still selling as of May 27, 2026. Check today's price and availability.
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See the full Shark Wheel deal breakdown and term sheet →
