Richard Ploszaj invented the Troppo Bicycle, an innovative pump-pedal bicycle, and pitched it on Shark Tank Australia in 2016. He aimed for $5 million for 49% equity, but did not secure a deal.
This appearance raised curiosity about his ambitious $5 billion valuation claim. However, the company went out of business by 2017.
Despite selling 20 units, Troppo Bicycle saw no profits as production and sale costs were equal. Unfortunately, Troppo Bicycle is not in business in 2024.
Troppo Bicycle Net Worth
| Net worth | $10.2 million (2016) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founder | Richard Ploszaj |
| Employees | – |
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 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 02 |
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.