Premiering on episode 23 of Season 9 in early 2018, the presentation began with founder Tony Chan riding directly onto the set upon one of the Coolpeds briefcase scooters. This entrance immediately caused the Sharks to joke about trying out the product, and Chan started by introducing himself and asking for a $250,000 investment for 5% equity. Chan explained that his scooter is great for getting around town, across campus, and traveling through airports. Noting that the suitcase part could be detached, Chan pointed out the scooter can attain speeds between 7 and 15 mph, and the regenerative braking system helps recharge the battery.
Highlighting several other features of the scooter, such as the fact that it only weighs 11 pounds without the luggage attachment, Chan soon asked if any of the Sharks were interested in trying it out, to which Kevin O’Leary volunteered and zipped around the “Shark Tank” studio.
Chan also attempted to show Coolpeds’ iteration of an electric roadster, the Ampere, which costs less than $10,000. At this point, O’Leary interjected and said that the Sharks should focus on one product at a time and asked about the operational cost and sales of Coolpeds’ electric scooter, which retails for $399 and costs $170 to manufacture. Unfortunately, the Sharks weren’t biting. Mark Cuban said that Coolpeds was attempting to sell “cool,” and he bowed out. The other Sharks also declined, and Chan and his Coolpeds scooter left without a deal.
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