Shark Wheel
Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.
Analytics
Raised to Date: $543,315
Aggregate Commitments $
Wefunder
11/02/2020
02/18/2021
$50,001
$528,693
$299
Equity - Common
RegCF
Seed
$34,900,000
Weekly Commitments $
Active
01/20/2021
25
1,087%
103%
$6,877
605
Lake Forest, California
Consumer Products, Goods & Services
Non-Tech
B2B/B2C
Medium
High
Shark Wheel, with a pre-money valuation of $34.9 million, is raising crowdfunding on WeFunder. The company has reinvented the wheel that has multiple advantages over the traditional wheel. The Shark Wheel has a longer life, a unique approach angle, less charging, and a better ability to move over rough terrain. Shark Wheel was founded by Gary Fleishman and has raised over $3.5 million in previous rounds of financing. The company has also received two government grants for the application of its technology to the farming wheel. The current crowdfunding round has a minimum target of $50,001 and a maximum target of $528,693, and the funds will be used for research and development, operations, marketing, and daily business operations. Shark Wheel has recently signed a deal for US military deployment bags and a licensing deal with one of the industry leaders.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,181,599 |
$950,796 |
|
COGS |
$615,210 |
$491,022 |
|
Tax |
$0 |
$3,049 |
| ||
| ||
|
Net Income |
$-2,179,764 |
$-759,938 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$281,662 |
$247,546 |
|
Accounts Receivable |
$0 |
$3,672 |
|
Total Assets |
$591,611 |
$464,471 |
|
Short-Term Debt |
$525,804 |
$245,865 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$525,804 |
$245,865 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/18/2021 | Wefunder | $34,900,000 | $543,315 | Equity - Common | Active | RegCF |
| 04/29/2020 | Wefunder | $30,000,000 | $541,306 | Equity - Common | Confirmed Closed | RegCF |
| 04/30/2019 | StartEngine | $25,500,000 | $534,921 | Equity - Common | Confirmed Closed | RegCF |
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