Sway Motorsport, an Electric motorbike, was started by Joe Wilcox in 2012. As of September 2023, Sway Motorsport’s net worth is $3 Million and they’re pulling in a whopping $1 million in annual revenue.
On May 15, 2015, they appeared on Season 6 of Shark Tank USA and made a deal with an Electric motorbike, for $300,000 for 20% equity. The final valuation was $1.5 Million, down from the founder’s initial estimate of $3 Million.
the company is no longer in business. They have shut down the business in 2018.
Sway Motorsport Net Worth
|Net worth||$3 Million (Business valuation)|
Sway Motorsport Net Worth Timeline
|Net Worth 2023||Out of Business|
|Net worth valuation in 2015 after appearing on Shark Tank||$1.5 Million|
|Net worth valuation in 2015 before appearing on Shark Tank||$3 Million (Business valuation)|
Sway Motorsport Pitch on Shark Tank
|Company name||Sway Motorsport|
|Episode||Season 06 Episode 29|
|Asked for||$300,000 for 10% equity|
|Final deal||$300,000 for 20% equity|
|Location||Mountain View, California|
Don’t miss these products from Season 6
Sway Motorsport Founder
Sway Motorsport was founded by Joe Wilcox in 2012. He is a designer at NASA. He has a unique talent to design and create things. Sway Motorsport’s founder, Joe Wilcox, has a net worth of USD 1 Million as of 2023.
|2016||Sway Motorsports Had a partnership with Govecs|
|2015||Sway Motorsports featured on Shark Tank|
Sway Motorsport Some companies that appear on the show have not achieved great success, and Sway Motorsport is 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, Sway Motorsport went out of business in 2018. And the product is no longer available in the market.