GeoOrbital, an upgrade to make a traditional bicycle become an electric bike, was started by Dakota Decker and Michael Burtov in 2014. As of November 2023, GeoOrbital net worth is $7 million. And they’re pulling in a whopping $5 million in annual revenue.
In 2017 they appeared on season 9 of Shark Tank USA. Seeking $500,000 for 5% of equity valuing the company at $1 million. But the Sharks didn’t pay interest on investing in GeoOrbital. The GeoOrbital wheel had not been extensively tested or validated. And the Sharks were concerned about the risk of product liability.
GeoOrbital is still in business. Despite these challenges, GeoOrbital still has a dedicated following of customers who appreciate the company’s innovative products. They have also received positive reviews from customers who have purchased their products. To purchase their products online, visit their official website.
GeoOrbital Net Worth
| Net worth | $7 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Dakota Decker and Michael Burtov |
| Employees | 25 employees |
GeoOrbital Net Worth Timeline
| Net Worth 2023 | $7 million |
| Net Worth 2022 | $7 million |
| Net worth valuation 2017 after appearing on Shark Tank | $1 million |
| Net worth valuation 2017 before appearing on Shark Tank | $1 million |
GeoOrbital Pitch on Shark Tank
| Company name | GeoOrbital |
| Product | Upgrade to make a traditional bicycle become an electric bike |
| Episode | Season 09 Episode 07 |
| Founders | Dakota Decker and Michael Burtov |
| Asked for | $500,000 for 5% equity |
| Final deal | None |
| Shark | None |
| Location | Somerville, Massachusetts |
GeoOrbital Founders
Dakota Decker and Michael Burtov found GeoOrbital in 2014. Burtov is a serial entrepreneur with a background in engineering and business. He has a passion for innovation and sustainability. He believes that GeoOrbital has the potential to revolutionize the way people get around. GeoOrbital’s founders, Dakota Decker and Michael Burtov, have a net worth of $7 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | Appeared on Shark Tank season 09 |
| 2019 | Launched the GeoOrbital E3 wheel |
| 2020 | Received a patent for its wheel technology |
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 GeoOrbital and its continued success.
