Leaux Racing Trikes
No Dealrecumbent tricycle
Leaux Racing Trikes is a recumbent tricycle that got its big break on Shark Tank in Season 7, where it won fans even without landing a deal.
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From the show
The Shark Tank pitch
- $120K
- Asked for
- 20%
- Offered equity
- $600K
- Sought valuation
The team stepped onto the carpet in Season 7, Episode 10 in the episode that aired December 4, 2015. Leaux Racing Trikes, the recumbent tricycle, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
The ask was $120,000 for 20% of the company, an implied valuation of $600K.
No deal. Every shark declined, and Leaux Racing Trikes walked. But a Shark Tank appearance reaches millions of viewers whether or not a check gets written, and plenty of no-deal companies have turned that airtime into lasting businesses.
Season 7 saw 116 pitches, and 66 of them closed a deal on air. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Leaux Racing Trikes?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Leaux Racing Trikes get a deal on Shark Tank?
No. Leaux Racing Trikes pitched the sharks but left Season 7 without a deal.
What season of Shark Tank was Leaux Racing Trikes on?
Leaux Racing Trikes appeared in Season 7, Episode 10, which aired December 4, 2015.
How much was Leaux Racing Trikes asking for on Shark Tank?
The founders asked for $120,000 for 20% of the company, a $600K valuation.
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