Troppo Bicycle, an electric bicycle business, was started by Richard Ploszaj in 2016. Troppo Bicycle net worth was $10.2 million at the time of their pitch in 2016 based on the $5 million offer for an 49% of equity of the company.
They appeared on season 2 of Shark Tank Australia in 2016. But the Sharks were not interested in investing in Troppo Bicycle. Because The product was not yet fully developed. The business model was not clear and the valuation was too high.
Unfortunately, Troppo Bicycle is not in business in 2023.
Troppo Bicycle Net Worth
| Net worth | $10.2 million (2020) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founder | Richard Ploszaj |
| Employees | – |
Troppo Bicycle Net Worth Timeline
| Net Worth 2023 | – |
| Net Worth 2022 | – |
| Net worth valuation 2016 after appearing on Shark Tank | $10.2 million |
| Net worth valuation 2016 before appearing on Shark Tank | $10.2 million |
Troppo Bicycle Pitch on Shark Tank
| Company name | Troppo Bicycle |
| Product | Electric bicycle |
| Episode | Season 02 Episode 13 |
| Founder | Richard Ploszaj |
| Asked for | $5 million for 49% equity |
| Final deal | None |
| Shark / Sharks | None |
| Location | Australia |
Don’t miss these product from Season 02
Troppo Bicycle Founder
Richard Ploszaj found Troppo Bicycle in 2016. The net worth of Troppo Bicycle’s founder, Richard Ploszaj, is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 01 |
Conclusion
Some companies that appear on the show have not achieved great success, and the Troppo Bicycle 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, Troppo Bicycle went out of business in 2017. And the product is no longer available in the market.
