Premiering on episode 23 of Season 9 in early 2018, the presentation started with founder Tony Chan using instantly onto the set upon one of many Coolpeds briefcase scooters. This entrance instantly triggered the Sharks to joke about making an attempt out the product, and Chan began by introducing himself and asking for a $250,000 funding for five% fairness. Chan defined that his scooter is nice for getting round city, throughout campus, and touring by means of airports. Noting that the suitcase half might be indifferent, Chan identified the scooter can attain speeds between 7 and 15 mph, and the regenerative braking system helps recharge the battery.
Highlighting a number of different options of the scooter, reminiscent of the truth that it solely weighs 11 kilos with out the bags attachment, Chan quickly requested if any of the Sharks have been fascinated about making an attempt it out, to which Kevin O’Leary volunteered and zipped across the “Shark Tank” studio.
Chan additionally tried to indicate Coolpeds’ iteration of an electrical roadster, the Ampere, which prices lower than $10,000. At this level, O’Leary interjected and mentioned that the Sharks ought to concentrate on one product at a time and requested concerning the operational value and gross sales of Coolpeds’ electrical scooter, which retails for $399 and prices $170 to fabricate. Sadly, the Sharks weren’t biting. Mark Cuban mentioned that Coolpeds was trying to promote “cool,” and he bowed out. The opposite Sharks additionally declined, and Chan and his Coolpeds scooter left with no deal.