Coolpeds, Electric Scooters, was started by Tony Chan. As of September 2023, Coolped’s net worth is $5 Million, and they’re pulling in a whopping $500K in annual revenue.
On February 18, 2018, they appeared on Season 9 of Shark Tank USA, seeking $250,000 for 5% equity valuing the company at $5 Million. Coolpeds did not receive a deal from any Sharks. The Sharks were impressed by the scooters. They also had concerns about the potential for liability issues with the scooters.
Coolpeds is still in business as of the latest available information in 2023. The company has continued to operate and offer its electric scooters and other mobility products through the official website.
Coolpeds Net Worth
|Net worth||$5 Million|
|Annual Sales Revenue||$500,000|
|Shark Tank Investor||No deal|
Coolpeds Net Worth Timeline
|Net Worth 2023||$5 Million|
|Net Worth 2022||$4.5 Million|
|Net Worth 2021||$4 Million|
|Net Worth 2020||$3.5 Million|
|Net worth valuation 2018 before appearing on Shark Tank||$5 Million|
Coolpeds Pitch on Shark Tank
|Product||Electric Scooters / Luggage for Scooters|
|Episode||Season 09 Episode 23|
|Asked for||$250,000 for 5% equity|
|Final deal||No deal|
|Location||E Valley Blvd, Covina, California|
Tony Chan founded Coolpeds. He started the business with funding from his profits from buying and selling real estate. Coolpeds’s founder, Tony Chan, has a net worth of 5 Million USD as of 2023.
|2023||Winning several awards for innovation and design|
|2022||Expanding into new markets, such as Europe and Asia|
|2018||Appearing on the popular TV show Shark Tank in 2018|
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 Spretz and its continued success.