Traveling with toddlers is a challenge, but Tack Lee and Hoe Ping turned this frustration into an innovation.
The TernX Carry-On Luggage Stroller combines the functionality of a carry-on suitcase and a certified stroller. This innovation offers families a smoother journey.
Tack himself described the concept as “roller to stroller in seconds,” underscoring its simplicity and practicality. TIME magazine recognized it as one of the Best Inventions of the Year.
Robert Herjavec, one of the sharks, praised the pitch, saying, “The more you talk, the more I believe in you.”
Now, with $350,000 in sales and growing momentum, TernX is revolutionizing family travel. Ready to make your trips stress-free? Discover TernX today!
TernX Journey Before Shark Tank
The journey of TernX began with Tack Lee and Hoe Ping in Brisbane, Australia. As passionate travelers and parents, they wanted a solution to make family travel less burdensome.
Tack described the inspiration, stating,
“We faced the same hell as many parents, bulky strollers, long waits, and tired kids. This is how the TernX concept was born.”
Their flagship product, the TernX Carry-On Luggage Stroller, features:
- Certified Safety: A five-point harness and brake pedal for child security.
- Eco-Friendly Materials: Made from aerospace-grade aluminum and recycled German polycarbonate.
- Compact Design: Compliant with International Air Transport Association (IATA) and TSA standards.
- Ample Storage: 18L of storage capacity for essentials.
Since its launch in the U.S., TernX achieved $350,000 in sales, which Tack explained was despite “inconsistent monthly sales due to limited marketing resources.”
Nonetheless, the product earned accolades, including seven international design awards. It was also named one of TIME magazine’s Best Inventions of the Year.
One design jury commented, “We all loved this design as it offers a simple, stylish, and considered solution to a pain point in so many people’s lives.”
Shark Tank Pitch Recap
When Tack Lee appeared on Shark Tank, he sought $350,000 for a 10% stake. His goal was to stabilize sales and expand marketing efforts.
The sharks were initially intrigued, but some expressed concerns. Tack admitted during the pitch, “I’ve invested $700,000 into this product, and I’m not ready to give up.”
Investor Davie was the first to offer $350,000 for 33.3% equity. He proposed a digital-focused strategy. However, Robert Herjavec countered with a retail-focused plan, offering $350,000 for 30% equity.
As Robert explained, “I don’t need you to go digital, I want you to go retail.” After a lively debate between Davie’s digital-first vision and Robert’s retail expertise, Tack chose Robert’s offer.
Tack remarked, “It was a war between young shark versus old shark, but retail won this time.”
TernX Shark Tank Update
Following their appearance on Shark Tank, TernX experienced significant growth. Tack described the post-show period as “transformative.”
He noted a sharp increase in website traffic and pre-orders. The endorsement by TIME magazine and coverage in major media outlets further cemented its status as a game-changer.
Tack explained,
“The recognition from Shark Tank and TIME gave us the credibility we needed to expand internationally.”
Future Plans
TernX’s vision extends far beyond its current success. Tack outlined their roadmap, stating, “We’re focusing on global retail partnerships and launching new travel products for families.” Specific goals include:
- Global Expansion: Collaborating with major travel product distributors and retailers.
- Product Line Growth: Developing new travel solutions inspired by parental needs.
- Sustainability Commitment: Enhancing the eco-friendliness of materials and processes.
TernX is also leveraging Robert Herjavec’s expertise to refine its retail strategy. They plan to bolster marketing efforts to ensure a larger global footprint.
Closing Remarks
The TernX Carry-On Luggage Stroller is more than a product. It’s a revolution for families navigating travel challenges.
Tack summed up their mission eloquently, stating, “We’re here to make travel easier and more enjoyable for families.” With a Shark Tank deal, international recognition, and ambitious plans for the future, TernX is poised for even greater success.
Ready to simplify your family adventures? Join the TernX journey and experience the innovation that’s changing family travel forever!
We’re closely following the company to bring you valuable insights. Stay tuned for the latest updates on TernX!