Joe Wilcox hopes the Sharks get on for a ride when he pitches Sway Motorsports, his line of electric, three-wheeled motor scooters, in Shark Tank episode 623, the season six finale. Sway Motorsports scooters are powered by rechargeable, lithium batteries and have a range of 40-60 miles per charge, depending on the model you choose. What makes Sway Motorsports unique is the steering mechanism: instead of turning handlebars, the rider leans, or sways, in the direction they want to turn. Wilcox describes it as “somewhere between skiing and motorcycling.”
Sway Motorsports scooters are designed for the urban rider who wants an inexpensive way to get around town, but craves something a bit more stable than a traditional scooter or motorcycle. The design of the scooter makes it unnecessary for the rider to put their feet down. The third wheel means there's 50% more braking power, too. City riders need maneuverability, and the Sway delivers; it fits into motorcycle parking spots as well.
Wilcox works on Sway Motorsports in his spare time, when he isn't functioning as a designer at IDEO Toys. A Rhode Island School of Design alumnus, Wilcox also worked at NASA's Johnson Space Center and MIT on a variety of “space related” projects. Sway Motorsports is in limited production and if you want one, you need to reserve it with a $100 deposit, even though there isn't any pricing listed on the website.
Mr. Wilcox likely wants a Shark to help fund production to keep costs down. Can he sway a Shark and get an investment?
Sway Motorsports Shark Tank Recap
Joe will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Lori Grenier, Kevin O’Leary, Daymond John, and Nick Woodman 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 the Sway Motorsports will be available on Shark Tank Blog once this episode airs.
Sway Motorsports Shark 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 the Sway Motorsports and Joe Wilcox as more details become available.
Posts About Sway Motorsports on Shark Tank Blog
Sway Motorsports Company Information