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Sway Motorsport Net Worth 2023 Update (Before & After Shark Tank)

Sway Motorsport, an Electric motorbike, was started by Joe Wilcox in 2012. Sway Motorsport’s net worth was $3 Million in 2015 based on the Shark Tank deal.

On May 15, 2015, they appeared on Season 6 of Shark Tank USA and made a deal with Mark Cuban, $300,000 for 20% equity.

Sway vehicles are not currently available to purchase, They seem to have shut down the business in 2018. Social media sites have not updated scenes 2017. but the website is still working.

Sway Motorsport Net Worth

Net worth$3 Million (Business valuation)
Lifetime sales
InvestorMark Cuban
FounderJoe Wilcox

Sway Motorsport Net Worth Timeline

Net Worth 2023Out 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

Sway Motorsport Pitch on Shark Tank

Company nameSway Motorsport
ProductElectric motorbike
EpisodeSeason 06 Episode 29
Founder Joe Wilcox
Asked for$300,000 for 10% equity
Final deal$300,000 for 20% equity
SharkMark Cuban
LocationMountain 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.

Key accomplishments

YearAccomplishment
2016Sway Motorsports Had a partnership with Govecs
2015Sway Motorsports featured on Shark Tank

Conclusion

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.

What do you think?

Written by GAG Team

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