Aaron Powell founded Bunch Bikes in 2017, offering electric cargo bikes designed for families. In 2021, he appeared on Shark Tank, securing a deal with Barbara Corcoran for a $100,000 investment and a $150,000 loan in exchange for 15% equity.
This partnership significantly boosted the company’s growth. By 2023, Bunch Bikes achieved an estimated net worth of $2.4 million, generating approximately $4 million in annual revenue.
The company continues to expand its product line and remains a prominent player in the electric cargo bike market.
Bunch Bikes Net Wort
Net worth | $2.4 million (2025) |
Annual Sales Revenue | $4 million (2025) |
Lifetime sales | Not publicly available |
Investor | Barbara Corcoran |
Founder | Aaron Powell |
Employees | 50 employees |
Bunch Bikes Pitch on Shark Tank
Company name | Bunch Bikes |
Product | Bikes with baskets for the whole family to ride |
Episode | Season 12 Episode 18 |
Founder | Aaron Powell |
Asked for | $250,000 for 10% equity |
Final deal | $150,000 for 15% equity |
Shark | Barbara Corcoran |
Location | Dallas-Fort Worth Metroplex, Texas, US |
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Bunch Bikes Founder
Bunch Bikes was founded by Aaron Powell in 2015. He is also the company’s CEO. He saw how these bikes allowed families to bike together, and he wanted to bring that same experience to the United States. Powell launched Bunch Bikes in 2015 with a single product, the Preschool Electric Bicycle. The bike quickly became popular among daycares, preschools, and large families. Bunch Bikes’s founder, Aaron Powell, has a net worth of $3 million as of 2025.
Key accomplishments
Year | Accomplishment |
2019 | Launches the Adventure Cargo Bike. |
2021 | Appeared on Shark Tank season 12 and Barbara Corcoran invested $150,000 for 15% equity. |
2022 | Recalls a small number of its Preschool Electric Bicycles due to lead paint concerns. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Bunch Bikes and its continued success.