WaiveCar Net Worth 2023 Update (Before & After Shark Tank)

WaiveCar, Free electric rental cars with paid advertisements on the car, was started by Zoni Honig and Isaac Deutsch in 2015. WaiveCar net worth was $25 Million in 2017 based on the Shark Tank deal.

on November 5, 2017, they appeared on Season 9 of Shark Tank USA and made a deal with Kevin O’Leary,  $500,000 as a loan for 12% interest with 2% equity and 80% off of any unused advertising space.

WaiveCar went out of business in 2021. But WaiveCar has been acquired by another company called REEF. Find more details about the REEF company on their official website.

WaiveCar Net Worth

Net worth$25 Million (Business Valuation)
Lifetime sales
InvestorKevin O’Leary
FoundersZoni Honig and Isaac Deutsch

WaiveCar Net Worth Timeline

Net Worth 2023Out of business
Net worth valuation in 2017 after appearing on Shark Tank  $4.16 Million
Net worth valuation in 2017 before appearing on Shark Tank  $25 Million

WaiveCar Pitch on Shark Tank

Company nameWaiveCar
ProductFree electric rental cars with paid advertisements on the car
EpisodeSeason 09 Episode 07
Founders Zoni Honig and Isaac Deutsch
Asked for$500,000 for 2% equity
Final deal$500,000 as a loan for 12% interest with 2% equity and 80% off of any unused advertising space
SharkKevin O’Leary
LocationPico Boulevard, Santa Monica, United States

WaiveCar Founders

WaiveCar was founded by Zoni Honig and Isaac Deutsch in 2015, Isaac Deutsch has a background in the investment banking industry. Zoni Honig has an advantage because he has worked as a software engineer at companies such as IBM and Microsoft. WaiveCar’s founders, Zoni Honig and Isaac Deutsch, have a net worth of USD 25 Million as of 2023.

Key accomplishments:

YearAccomplishment
2018The company partnered with Hyundai
2017Appeared on Shark Tank

Conclusion:

Some companies that appear on the show have not achieved great success, and the WaiveCar is one of them. Sometimes businesses don’t succeed for 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,  WaiveCar went out of business in 2021. And the product is no longer available in the market.