Solsource, Solar Powered Grill, was started by Catlin Powers in January, 2008. As of September 2023, Solsource net worth is not available.
In 2018, they appeared on Season 9 of Shark Tank USA and made a deal with Mark Cuban, $500,000 for 4% equity. The final valuation was $12.5 Million, down from the founder’s initial estimate of $16.7 Million.
As of September 2023, Luma Soda went out of business because of the less profit and the disfavor in 2020.
Solsource Net Worth
|Net worth||$12.5 Million after Shark Tank pitch in 2018.|
|Annual Sales Revenue||$24.3 Million (As last updates)|
|Shark Tank Investor||Mark Cuban|
Solsource Net Worth Timeline
|Net Worth 2023||Net worth is not available as the company was out of business in 2020.|
|Net worth valuation 2018 after appearing on Shark Tank||$12.5 Million|
|Net worth valuation 2018 before appearing on Shark Tank||$16.7 Million|
Solsource Pitch on Shark Tank
|Product||Solar Powered Grill|
|Episode||Season 09 Episode 22|
|Asked for||$500,000 for 3% equity|
|Final deal||$500,000 for 4% equity|
|Location||Carlsbad, California, United States.|
Solsource was founded by Catlin Powers in 2008. Catlin Powers tried to find a more environmentally friendly method for cooking. He designed a solar powered grill that can be used without gas or electricity. It also reduces the carbon footprint. As of 2023, Catlin Powers’s net worth is unknown.
|2018||Appeared on Shark Tank season 09 episode 22.|
|2019||Generated over $10 Million sales.|
|2020||Solsource was out of business.|
Some companies that appear on the show have not achieved great success, and Solsource 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, Solsource went out of business in 2020. And the product is no longer available in the market.