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 2013 based on the Shark Tank deal of $500,000 as a loan for 12% interest with 2% equity and 80% off for unused advertising space.
On November 5, 2017, they appeared on Season 9 of Shark Tank USA with the company’s valuation net worth of $25 Million.
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 (2013) |
| Lifetime sales | – |
| Investor | Kevin O’Leary |
| Founders | Zoni Honig and Isaac Deutsch |
WaiveCar Net Worth Timeline
| Net Worth 2023 | Out of business |
| Net Worth 2021 | $10 Million |
| Net Worth 2020 | $9 Million |
| Net worth valuation in 2017 after appearing on Shark Tank | $25 Million (Business valuation) |
| Net worth valuation in 2017 before appearing on Shark Tank | $25 Million (Business valuation) |
WaiveCar Pitch on Shark Tank
| Company name | WaiveCar |
| Product | Free electric rental cars with paid advertisements on the car |
| Episode | Season 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 |
| Shark | Kevin O’Leary |
| Location | Pico 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:
| Year | Accomplishment |
| 2018 | The company partnered with Hyundai |
| 2017 | Appeared 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.