Tngnt Ski Bikes Shark Tank Update – Shark Tank Season 14
Charles W. “Bill” Pierce and Scott Carr Aim to Revolutionize Ski Biking with Tngnt on Shark Tank Season 14. He secured a deal with Robert.
Charles W. “Bill” Pierce and Scott Carr seek an investment for Tngnt (pronounced like tangent), their ski bike manufacturing company, on Shark Tank Season 14 Episode 17. The two are old high school pals who enjoyed ski biking together back in the 1980s. Both men continued to enjoy the sport into adulthood, and in 2014, they set out to design the next generation of ski bikes.
Bill has a background in design and aerospace technology, and Scott has been dabbling in other ski bike companies for a number of years. Scott approached Bill about designing new ski bikes, and their journey began.
Check out other Shark Tank Season 14 Episodes.
About Tngnt Ski Bikes
| Category | Details |
|---|---|
| Business Name | Tngnt Ski Bikes |
| Founders | Charles W. “Bill” Pierce and Scott Carr |
| Industry | Sports Equipment, Ski Biking |
| Product | Ski bikes with innovative designs and technology |
| Deal Status | Deal secured with Robert |
| Investment Asked | $200,000 for 20% equity |
| Deal Outcome | $200,000 for 40% equity |
| Valuation | $1 million (at the time of Shark Tank pitch) |
Tngnt has 19 patents on its bikes, the most significant one being its ski retention system patent. This patent describes how the skis attach to the bike. Apparently, their system makes for a more maneuverable ski bike. They have one competing company in the USA, and they do some of their manufacturing overseas to keep prices down.
While the company wants to sell you a ski bike, it also wants to avoid being sued. Customers must sign a liability waiver to complete a purchase.
As for the bikes, there are three models: The Drift, The Carve 2.0, and the Carve 2.0 Pro. All models have pedals that spin like on a real bike; they say this allows for better turns. The Drift is a model designed to introduce people to ski biking. It’s a fairly basic model and costs $999.
The Carve 2.0 is for people who want to ski more aggressively. It’s equipped with shock absorbers in the forks and frame. This one will set you back $1499. The Carve 2.0 Pro is for the most daring of ski bikers with heavier-duty shocks. That one is $2399. Bill and Scott are likely in the Tank to get help with inventory.
Video
Posts about Tngnt Ski Bikes on Shark Tank Blog
Tngnt Ski Bikes Shark Tank Recap
Bill and Scott enter the Shark Tank seeking $200k for 20% equity.
Did Tngnt Ski Bikes Get a Deal on Shark Tank?
The entrepreneurs end up doing a deal with Robert for $200k for 40% equity
Tngnt Ski Bikes Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show.
The first rerun of this episode in June 2023 is just three months after the original air date. At this time, there is no evidence that the deal with Robert closed. As of October 2023, nothing new has developed since the original air date. By July 2024, the deal never closed with Robert, and endorsements didn’t pan out.
The company made the best of its Shark Tank appearance and really amped up its social media presence with near-daily videos of the ski bikes in action. They’re having a HUGE summer sale in July 2024 with some models priced at nearly 50% off. Lifetime revenue at this time is just over $2 million. The estimated net worth of Tngnt Ski Bikes is $1.7 million as of 2025.
The Shark Tank Blog will follow up on Tngnt Ski Bikes & Charles W. “Bill” Pierce and Scott Carr as more details become available.
Where Can You Buy It?
Tngnt Ski Bikes are available for purchase on their official website and on Amazon. Check out their social media pages for more updates: Facebook and Instagram.
Quick Summary
- Bill and Scott pitched Tngnt, seeking $200,000 for 20% equity.
- The company has 19 patents, including a unique ski retention system for better manoeuvrability.
- Tngnt’s lifetime revenue exceeds $2 million, and they have a strong social media presence following their Shark Tank appearance.
See what else is new! View other businesses featured in this episode.
