Shark Wheel

Shark Wheel Shark Tank update: is it still in business?

Shark Wheel makes a wheel that looks square from the side but rolls smoothly. Inventor David Patrick says the shape came out of his research on a turbine design; when a prototype piece was dropped, it rolled. The product is made of interlocking sine-wave rings, and the company says that gives a thinner contact patch on hard ground and better grip over debris and water. Patrick and CEO Zack Fleishman pitched skateboard wheels in the Season 6 finale, which aired May 15, 2015, asking for $100,000 for 5%. They revealed they had already raised money from outside investors at a $10 million valuation. Kevin O'Leary assembled a three-shark offer with Mark Cuban and Nick Woodman: $225,000 for 7.5% combined, plus a royalty until $500,000 was recouped. The founders accepted on air. Whether that deal closed is unconfirmed. Shark Tank fan sites report it fell apart after due diligence, but we could not find an independent source, and the company's 2024 SEC filing does not mention the sharks. What is documented is that the company went to the public instead: in 2017 it raised money through an equity crowdfunding offering on StartEngine, per a company press release and KingsCrowd. Its April 2024 SEC filing lists the company as a California corporation formed in October 2012 with a principal address in Mission Viejo. Is Shark Wheel still in business? Yes. As of October 14, 2026, sharkwheel.com is live, selling electric skateboards and other products with listed prices, and it still links to an investment page. We have not verified current revenue.