Tony Chan peddles CoolPeds, his electric scooter that's also luggage, to the Sharks in episode 921. Chan makes and markets the scooters and electric bikes which he sells on the CoolPeds website. Chan got his businesses going with several IndieGoGo campaigns that raised a little over $20,000 from 2015-2017.
The basic scooter is a three wheeler powered by an electric motor. On the steering post, there's a brief case, backpack or carry-on luggage attached. Chan markets to the urban commuter who travels less than five miles. The scooters are bus and subway friendly, so getting around a city is fairly easy. They cost $479. Chan also sells a folding electric bike for $599.
The other thing Chan pitches is the Ampere electric sports car. Ampere is CoolPeds' partner company. The two seat sports car debuted at the 2017 auto show in Los Angeles. It was a huge hit. It's currently available for pre-order for only $9900 (including a free electric bike). They plan on going into production in the Spring of 2018. The company took pre-orders in early 2018 at CES in Las Vegas. The vehicle boasts a 150 mile range per charge – perfect for zipping around town. Chan hopes to get a charge out of the Sharks for his electric vehicles. Will a Shark want to amp things up and invest?
CoolPeds Company Information
Posts About CoolPeds on Shark Tank Blog
CoolPeds Shark Tank Recap
Tony will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on CoolPeds will be available on Shark Tank Blog once this episode airs.
CoolPeds Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on CoolPeds & Tony Chan as more details become available.