Troppo Bicycle Net Worth 2023 Update (Before & After Shark Tank)

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
InvestorNone
FounderRichard 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 nameTroppo Bicycle
ProductElectric bicycle
EpisodeSeason 02 Episode 13
Founder Richard Ploszaj
Asked for$5 million for 49% equity
Final dealNone
Shark / SharksNone
LocationAustralia

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

YearAccomplishment
2016Appeared 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.

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