Leaux Racing Trikes, founded by Tyler and Joe Hadzicki, introduced innovative recumbent tricycles designed for speed and agility.
They appeared on Shark Tank in December 2015, seeking $120,000 for 20% equity but did not secure a deal. Despite a successful Kickstarter campaign raising over $46,000, the company ceased operations in 2016 due to funding challenges.
As of 2024, Leaux Racing Trikes remains out of business, with no recent acquisitions or investments reported.
Leaux Racing Trikes Net Worth
| Estimated Net worth | $600K (2015) Business Valuation |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investor | None |
| Founders | Joe Hadzicki and Tyler Hadzicki |
| Employees | 125 employees |
Leaux Racing Trikes Pitch on Shark Tank
| Company name | Leaux Racing Trikes |
| Product | Adult speed tricycles |
| Episode | Season 07 Episode 10 |
| Founders | Joe Hadzicki and Tyler Hadzicki |
| Asked for | $120,000 for 20% equity |
| Final deal | No Deal |
| Shark | No shark |
| Location | Coronado, California, USA |
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Leaux Racing Trikes Founders
Leaux Racing Trikes was founded by Joe Hadzicki and Tyler Hadzicki. They are a father-son duo. Tyler, at 17, crafted the tricycle. After finishing studies at San Diego State University, he joined South Coast Commercial Inc, where he continues to work. The Leaux Racing Trikes prototype was a joint project with his father for a sixth-grade science assignment. Leaux Racing Trikes’s founders, Joe Hadzicki and Tyler Hadzicki, have a net worth of unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | The company appeared on Shark Tank Season 07. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Leaux Racing Trikes was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Leaux Racing Trikes went out of business in 2016. And the product is no longer available in the market.