Electra, a sports hydration drink, was started by Fran Harris in January 2019. As of August 2023, electra sports drink net worth is $1.1 Million.
On Jan 8, 2021, they appeared on Season 12 of Shark Tank USA and made a deal with Barbara Corcoran, for $100,000, plus $250,000 as a line of credit for 30% equity, contingent that she lands a major. The final valuation was $933,333 , down from the founder’s initial estimate of $1.75 Million.
Electra Drinks has faced challenges in marketing but has managed to sell its drinks and has introduced powdered drink mixes. Electra Drinks is still in business as of August 2023. You can purchase Electra Drinks from their website.
Electra Net Worth
|Net worth||$1.1 Million|
|Shark Tank Investor||Barbara Corcoran|
|Employees||Over 25 employees|
Electra Sports Drink Net Worth Timeline
|Net Worth 2023||$1.1 Million|
|Net Worth 2022||$1.1 Million|
|Net worth valuation 2021 after appearing on Shark Tank||$933,333|
|Net worth valuation 2021 before appearing on Shark Tank||$1.75 Million|
Electra Pitch on Shark Tank
|Product||Sports hydration drink|
|Episode||Season 12 Episode 09|
|Asked for||$350,000 for 20% equity|
|Final deal||$100,000, plus $250,000 as a line of credit for 30% equity, contingent that she lands a major athletic spokesperson|
Electra was founded by Fran Harris in 2019. She is a former professional basketball player who played in the Women’s National Basketball Association (WNBA) and has a background in sports and fitness. Electra’s founder, Fran Harris, has a net worth of USD 1.17 Million as of 2023.
|2023||Producing supernatural hydration drinks with no added sugars and only 30 calories per 10 oz packet, formulated with vitamins and electrolytes.|
|2022||Garnering positive testimonials from customers who appreciate the delicious taste and better-for-you qualities of Electra Drinks.|
|2021||Appeared on Shark Tank season 12 episode 09.|
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 Electra and its continued success.