Revolights, a Bicycle safety light, was started by Kent Franovich in 2012. Revolight’s net worth was $3 Million in 2014 based on the Shark Tank deal.
On March 7, 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Robert Herjavec, $150,000 in exchange for 10%.
Revolights went out of business in 2019. Their products are no longer available in the market. Revolight website is not up to date.
Revolights Net Worth
| Net worth | $3 Million (Business valuation) |
| Lifetime sales | – |
| Investor | Robert Herjavec |
| Founder | Kent Franovich |
Revolights Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2014 after appearing on Shark Tank | $1.5 Million |
| Net worth valuation in 2014 before appearing on Shark Tank | $3 Million |
Revolights Pitch on Shark Tank
| Company name | Revolights |
| Product | Bicycle safety lights |
| Episode | Season 05 Episode 19 |
| Founder | Kent Franovich |
| Asked for | $150,000 in exchange for 10% |
| Final deal | $300,000 in exchange for 10% |
| Shark | Robert Herjavec |
| Location | Emeryville, Ca |
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Revolights Founder
Revolights was founded by Kent Franovich in 2012. He is a bicycle safety visionary. He has spoken at TEDxCity2.0. Revolights’s founder, Kent Franovich, has a net worth of USD 3 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2015 | Revolights design has been patented |
| 2014 | Revolights appeared on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and Revolights was one of them. Sometimes businesses don’t succeed for 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, Revolights went out of business in 2019. And the product is no longer available in the market.