Tngnt Ski Bikes, founded by Scott Carr and Bill Pierce, appeared on Shark Tank Season 14. The duo secured a $200,000 investment from Robert Herjavec for 40% equity, valuing the company at $500,000. Since then, Tngnt has experienced substantial growth.
Their innovative ski bikes, designed for ease, strength, and flexibility, have gained traction among winter sports enthusiasts. As of 2024, Tngnt Ski Bikes’ net worth is estimated at $1.7 million and $5.2 million annual revenue. The company has expanded its product line, improved durability, and enhanced design features based on customer feedback.
Tngnt’s products are now available for shipment across the United States and Canada, and they are exploring international markets for further growth.
Tngnt Ski Bike Net Worth
Estimated Net worth | $1.7 million |
Annual Sales Revenue | $5.2 million (2023) |
Lifetime sales | Not publicly available |
Investor | Robert Herjavec |
Founder | Scott Carr and Bill Pierce |
Employees | 5-10 |
Tngnt Ski Bike Pitch on Shark Tank
Company name | Tngnt Ski Bike |
Product | Ski bike brand |
Episode | Season 14 Episode 17 |
Founders | Scott Carr and Bill Pierce |
Asked for | $200,000 For 20% Equity |
Final deal | $200,000 For 40% Equity |
Shark | Robert Herjavec |
Location | Bluefidley, Utah |
Don’t miss these products from Season 14
Tngnt Ski Bike Founders
Tngnt Ski Bike was founded by Scott Carr and Bill Pierce in 2014. Scott is an avid mountain biker who has been riding since the early 1980s. Bill is an engineer with a background in professional design and aerospace technology. Tngnt Ski Bike’s founders, Scott Carr and Bill Pierce, have a combined net worth of over $1.7 million as of 2024.
Key accomplishments
Year | Accomplishment |
2021 | Won the Red Dot Design Award for the Tngnt Switch. |
2022 | Sponsored the first-ever Ski Bike World Championships. |
2023 | Appeared on Shark Tank season 14 and Robert Herjavec invested $200,000 For 40% Equity. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Tngnt Ski Bike and its continued success.