RESERVE
min $100
$30,000,000
The Shark Wheel was born from a scientific discovery made by Shark Wheel inventor, David Patrick. Once the wheel was found to have advantages compared to a traditional wheel, it was clear that a major business opportunity existed.
Shark Wheel has historically been an R&D company that has transitioned to a sales company. Now with millions of dollars in revenue, Shark Wheel is making a push to be acquired in a Merger transaction with an aim to benefit all shareholders.
Why reinvent the wheel? For 5,000 years the wheel has been the go-to design for most types of transportation. In fact, no one considered there could be a better design. The circular wheel was always considered the final design with no room for improvement.
Enter Shark Wheel inventor, David Patrick, who refused to accept the status quo. Not only did David create a shape that was drastically different, but he envisioned the shape possessing inherent advantages built into it. His search to improving the wheel was an uphill battle against industries that were not used to change. He needed to prove his idea was revolutionary.
I met David through my tennis coach who thought I could help him build a business around his invention. As a former professional tennis player on the ATP Tour for 10 years, I was no stranger to hard work, long hours, and relentless determination. I immediately saw the vast opportunity in joining forces with David to help bring the sine wave wheel to life. I imagined a skateboard company introducing a new wheel where the skater is safer going over debris and other rough terrain. I imagined a farmer whose tractor creates unwanted trenches in the field and being able to help that farmer save money and not dig a trench with our wheels. I imagined a wheelchair user having the freedom to go more places without rough terrain standing in their way.
Shark Wheel is a company located in Mission Viejo, California dedicated to making the most unique, innovative and technologically advanced wheels in the marketplace. The Shark Wheel is flat on six sides and displays many scientifically proven advantages compared to the traditional wheel. Having won multiple international competitions in the skateboarding industry, the Shark Wheel has proven to be a high-performance product.
The patented Shark Wheel is a perfect fit for transportation use including wheelchairs, strollers, wagons, farming equipment, military applications, ATV vehicles, shopping carts, tricycles, hand trucks, printers, toys, iv poles, casters, roller skates, luggage, forklifts, office chairs, wagons, vacuums, hospital beds, ambulance cots, other medical equipment and much more. Please see our Major Projects section below to learn more.
Shark Wheel Inc is the parent company that holds patents. There is currently three subsidiaries that operate underneath called Shark Wheel Skate LLC, Shark Wheel Electric LLC and Shark Wheel Agriculture LLC. All investors will take ownership in the parent company and be a part of every wheel market Shark Wheel ever enters into. Investors will own the subsidiaries listed and any other subsidiaries that may be created in the future.
In terms of investors getting paid, there are a few possible scenarios. (1) Selling the company, (2) the company going public (IPO), (3) the company selling a division or divisions of the company and (4) investors receiving disbursements, when the company feels it has enough extra funds to pay a dividend. For example, if Shark Wheel had $1 million in the bank at year end, it may choose to reinvest money back into the company, but if it had $10 million, it would likely pay a disbursement to all investors. Future earnings and projections are not guaranteed; it's possible that investors will receive no return at all.
Currently, the plan is to sell approximately 80% of the company and have shareholders retain 20% for future gains.
Shark Wheel converted to a Delaware C-Corp (from a California LLC). One of the biggest advantages of the conversion is that it allows Shark Wheel to take advantage of IRS Code 1202. The conversion started a 5 year clock (December 2023 completion) that allows Shark Wheel to sell the entire company and allows for profits to be tax free for all investors that have held their shares for a minimum of 5 years*.*To understand IRS Code 1202 in more detail, please click here.*
Shark Wheel has grown from*:
**Previous valuations were in association to previous offerings, and determined by the company.
Shark Wheel Aligned with Industry Leaders, Sports Leagues/Teams, the US Military and the Biggest Media Outlets
Shark Wheel has been partnered with all of the major brands listed below!
Shark Tank(Season 6, Season Finale)
Discovery Channel
America's Real Deal TV Show(We Won the Entire Show!)
FedEx Commercial #1
FedEx Commercial 2
Shark Wheel's David Patrick Wins Innovator of the Year 2018
Line of pallet jack load wheels launched in Q4, 2020
SIGNED Deal. This is a recent update after nearly 4 years of R&D, scientific testing, and customer acceptance testing landed Shark Wheel a deal with one of the largest players in the industry. Per NDA, Shark Wheel must not divulge who the deal is with.
Advantages:
*2 Patents Issued
Shark Wheel will sell into Classes 1-5 of the material handling industry:
Signed licensing deals.
*✅Samsonite Golf Luggage*✅Harley Davidson Luggage*✅SkyValet Smart Luggage*✅US Military Deployment Luggage (New deal, just signed in Q3 2020)*✅NFL, NBA, MLB, NHL, PGA Tour, Olympics, 150 Top University Luggage (Newest deal, just signed in Q4, 2020)
US Military Bags
SkyValet Smart Luggage
SkyValet luggage launched in 2019 with tens of thousands of units already purchased. The campaign reached nearly $1M. The campaign was stuck at $150k until a new marketing company was brought on and they completely changed the marketing to feature Shark Wheels as the main feature on every picture and advertisement. See below link:
SkyValet Million Dollar Campaign
SamsoniteA new product launch is Samsonite golf luggage with Shark Wheels. Shark Wheel always looks to establish itself with industry leaders. To be associated with the Samsonite brand name that is #1 in the industry is the start of many things to come.Harley Davidson
Also, our Harley Davidson luggage is selling now at Harley Davidson dealers across the United States, as well as Amazon. See the Harley Davidson-Shark Wheel promo video below:
Shark Wheel won a government grant through the National Science Foundation in January 2018 . The grant was for $225,000 to develop a state-of-the-art wheel for the central pivot irrigation industry. After performing extensive customer discovery interviews and graduating through the government's I-Corps program, Shark Wheel learned what the market desires in a wheel:
Shark Wheel built a wheel according to what the customer desires. The test was a success in 2018 and Shark Wheel applied for the Phase II portion of the grant. In Q2, 2019, Shark Wheel won Phase II of the grant for $724,313 to optimize the wheel and bring it to commercialization.
Shark Wheel already has a signed licensing deal with one company in the industry and two LOIs with industry leaders.
Retail prices are over $1,000 per wheel. Early estimated annual revenue $10+ million per year. This is a very rough assumption based on current data of selling over 16,000 wheels annually comparable to the leading technologies in the market. Agriculture may be Shark Wheel's largest industry moving forward. Test results show significant advantages, detailed below. More testing is needed to optimize load capacity, traction and price but commercialization is expected in 2021.
The Shark Wheel is named after the shape of shark jaws and through many iterations, Shark Wheel created another biomimetic design for its tire based on the shape of seagull wings. The flexing non-pneumatic, modular lugs of the tire design approximated the flotation of a pneumatic tire. The sine wave shape of the Shark Wheel was placed in the standard tandem configuration on central pivot irrigation machines and the result was a wheel that did not go over the same track as the wheel in front of it. The front wheel moved left-right-left, while the rear wheel moved right-left-right effectively creating a helix shape in the soil. In contrast to a traditional wheel that continues to move along the same track over and over again digging a rut, the Shark Wheel disrupted the soil in a snake-like shape, while the rear wheel pushed the soil back to where it began. This greatly minimized the industry-wide issue of rutting. Shark Wheel estimates an average farmer can save over $27,000 by switching to a sine wave wheel geometry because of less down time due to flat tires, less rutting and greater crop yield.
The most recent update came from a test farm in New Mexico where the following two successes were documented:
Shark Wheel's new innovation. When Shark Wheel started the company, a list of industries was made. It was a long list ranging from small luggage wheels to large farming wheels and many in between. Wheels for the printing industry made it onto that original list. Shark Wheel was recently presented with information that flexo printers, wide web printers and narrow web printers would be a perfect entry point for the technology. In researching these machines, it was clear these printing machines often sell for hundreds of thousands of dollars. Clearly companies would not buy these machies with high frequency. That would mean Shark Wheel would not see high volume purchases. The idea seemed to come from the ether, but the decision was made to create tape. Yes, tape. Shark Wheel never imagined manufacturing tape.The idea was to outfit all existing retraction rollers (wheels on the machines) with Shark Wheel Tape. Tape would be inexpensive for businesses with these printers to buy. Tape would eventually fail and buyers would need to replace it with more tape. And the hypothesis that Shark Wheel Tape would solve one of the industry’s largest issues was the driver for us to move it to the top of our priority list and begin testing.Problem and SolutionIn the printing world, a spool of material (could be a newspaper, labels printed on everyday food products, etc) moves over retraction rollers, where the material is printed on. After the printing is completed, the material moves over more rollers before feeding into a final printed spool. All of this occurs in one machine with 20-30 rollers on average. The issue: the faster the material goes through the machine, the more the material moves off-center. (To envision this, think of a printer at your home or work where the scanner or the printer starts printing paper at an angle and gets jammed) This is a huge problem and the only way to mitigate this is to tension the material. This means that tension rods stretch the material tightly on the long ends so the material is forced toward center. The stretching of the material creates a whole host of other problems where the printing has to be reconfigured and many other things are compromised. Overall, the issue of centering makes printers have to be tensioned.Enter Shark Wheel Tape. The hypothesis was that the left-right-left-right oscillations of the sinusoidal design would naturally push the material toward center. The same way a human walks with an alternating gait averages to walking perfectly straight. The same way the left-right-left-right shape of the Shark Wheel averages to perfectly center and the wheel moves effectively in a straight line. If we could outfit all existing rollers with tape that has a raised Shark Wheel pattern on top, the material would only touch the Shark Wheel portion.The TestTension was put on the lowest setting and the machine speed was turned up high. The result? Shark Wheel Tape produced a 20% improvement over every other solution that exists in the industry today. The tape was launched as a test product in September 2019 at the Labelexpo in Brussels, Belgium. Commercialization
Shark Advantage (SharkAdvantage.com) is now the name of the printing division. The website, Facebook page, and LinkedIn page are all launching and we will start taking orders. The product solves many issues in web converting, flexography, digital, offset and screen printing. There are many other applications the technology will apply to, but this is the initial focus.
Shark Advantage Ad
Shark Advantage Whiteboard Technical Video
Multiple Shark Advantage Rollers
Printing Machine with Shark Advantage Sheets
Zoomed in Shark Advantage in Action
Medical CartsNew. Perhaps the most important wheel for Shark Wheel moving forward is the 4'' caster. It is used on wheelchairs, strollers, medical carts, grocery carts, industrial products and is one of the most common-used sizes in the world. Here is one of the three versions being tested for medical carts with an anticipated launch in 2021. Alternative, more radical designs are being tested in 2020 to compare performance characteristics.
Ambulance CotsDeveloping wheel with one of the industry leaders. Licensing deal proposed. Prototype version 1.0 complete, currently going through testing.
Current ambulance cots have issues going over sand at the beach and traversing other unfavorable terrain. The Shark Wheel is considered an off-road wheel and performs best in challenging environments.
In the medical industry, Shark Wheel has opted to seek licensing deals. Shark Wheel is not interested in manufacturing in this industry and dealing with strict regulations and testing procedures.
Hospital Beds
Developing wheel with one of the industry leaders. Licensing deal proposed.
As mentioned above, in the medical industry, Shark Wheel has opted to seek a licensing opportunity. Shark Wheel is not interested in manufacturing in this industry and dealing with strict regulations and testing procedures.
Wheelchairs (Powered and Manual)
Shark Wheel believes it has reached the final design (not shown here so right to patent is not violated) and the wheel is currently being tested by an industry leader. Shark Wheel is in development on the front wheels for wheelchairs, which is the first point of contact for the wheelchair user.
Industry leader will begin testing soon for a 2020 launch. Initial tests show ability to traverse rough terrain and ability to swivel better than traditional circular wheels.
Recently, Shark Wheel has begun seriously prototyping office chairs. Based off of luggage caster wheel performance and other caster testing, Shark Wheel believes this is a project worthy of a high position on the prototyping list. In-house testing has shown clear performance advantages for office chairs and other wheeled-furniture applications.
The team is currently hard at work developing casters for use on:
Many of these designs are under strict NDA and cannot be shown publicly yet. Just below are the some of the designs being purchased for an industry-leaving company in the educational space. These wheels will be outfitted onto modular cabinets and furniture for use in high schools around the US.
For the first time in 2021/2022, Shark Wheel has the opportunity to expand its product line into various big box retailers, which may include Walmart, Target, Costco, Sam's Club, Academy, Military Exchanges and others. The upside is massive, but the pain point is the need to carry 'domestic inventory'. This means Shark Wheel must order large amounts of product and store them in warehouses in the United States until these Big Box retailers are ready to place them in stores. These involves heavy outlays of cash without profiting on the inventory for several months. Once multiple orders have been placed, the pain point lessens dramatically.
1. High-End Skateboard Sales (SharkWheel.com, Amazon.com)The majority of revenue to date has come from skateboard sales.
1. Shark Wheel Skate
2. Fathom by Shark Wheel (Big Box Retailers)
Electric Skateboard
Shark Wheel had its largest month in company history during COVID. May 2020-July 2020 produced over $1.1 million in gross sales. The electric skateboard launch was a big reason why.
Instagramwww.instagram.com/sharkwheelOver 35,000 Followers
Facebookwww.facebook.com/sharkwheelOver 26,000 Followers
Test I - San Diego State University
The Shark Wheel has been scientifically tested at the San Diego State University Mechanical Engineering Department.
In apples-to-apples testing, The Shark Wheel was found to have a 15% longevity and 15% speed advantage. Also, frictional tests were performed and some of the data is seen below showing a significant advantage compared to a traditional wheel.
Tests were performed and the testing rig (seen above) was designed and constructed by a team of engineering students at San Diego University, Mechanical Engineering Department. Testing has been completed as of December 2017.
The dynamic testing outlined in the following report was conducted at approximately 720rpms(17mph).
At a load of 30lbs the Shark Wheel demonstrated an average of 35.52% less rolling resistance at speeds ranging from 0-650rpms (approx. 15.5mph).When loaded to 45lbs (per wheel) the Shark Wheel demonstrated 60.92% less rolling resistance.
Rolling resistance, also called rolling friction, is an important factor in many industries.
Test II - Conducted by Major Wheel Manufacturer
Another scientific test done by the largest skateboard wheel manufacturer in the world. They compared Shark Wheel to the leading wheels in the market in an apples-to-apples test. Same diameter, same durometer (hardness), same material.
The Shark Wheel showed a 15% rebound advantage. Rebound translates directly to speed. In the abrasion resistance test, Shark Wheel demonstrated a significant advantage as well. The lower the number in the abrasion resistance graph, the better it performed.
Additional Testing
In separate testing at a Canadian test facility, the Shark Wheel exhibited a longevity/wear advantage.
Tests performed by the German tv show, Galileo (similar to the Discovery Channel), found advantages in rolling resistance and off-road performance. The episode aired in December 2016.
Most recently, our material handling industry partner (pallet jacks, forklifts), completed 3 years of scientific testing and customer acceptance testing with a Fortune 50 company. Scientific testing showed a maximum of 600% longevity advantage (3 years of testing) and a real world test of 200% advantage.
Shark Wheel has been successful obtaining grants to date. Shark Wheel has won 3 out of 4 grants it has applied for and believes it is a good business decision to seek more grant opportunities.
The following is a list of awarded grants:
Many companies have reached out to Shark Wheel to ask for guidance on raising capital, launching successful crowdfunding campaigns, asking how to get on nationally televised shows, looking for guidance on prototyping and manufacturing, etc.
Shark Wheel has decided to monetize these requests in an attempt to diversify its portfolio. Startups are typically cash-strapped and prefer to use equity as a currency. Shark Wheel uses its collective experience in the following areas to assist ambitious startups:
Shark Wheel takes an equity position in the company, which benefits all investors.
R&D
Shark Wheel has primarily been a Research and Development company since 2014. Entering the skateboarding industry was the ‘low-hanging-fruit’. It was a market with a low barrier to entry, a market in which consumers purchased wheels as a standalone item, and a market to act as a proof of concept. Shark Wheel proved the interest in the market and that the wheel is truly high-performance by winning several international competitions. Entering the skateboarding industry was also a way for Shark Wheel to pay the bills early on. Initially, it was a necessity for Shark Wheel to prototype various wheel sizes in different industries. There was much to learn about how a sine wave shaped wheel works under load, while swiveling, with different amplitudes and frequencies, and in various sizes and iterations. Shark Wheel had to prove though scientific testing and real-world testing that the shape worked well and using certain factors, outperformed the circular wheel.
Completed Product
Shark Wheel has completed products for skateboard wheels, longboard wheels, luggage wheels, pallet jack wheels and most recently printing tape. Shark Wheel plans to extrapolate its current designs to enter other similar industries. There will not be a need to continue prototyping any further for these congruent uses. For example, now that Shark Wheel completed its luggage wheel, it feels confident it can immediately license its technology to an office chair company without the need for further prototyping. The wheels in these industries are very similar and Shark Wheel plans to sign paperwork with all conceivable industries that would use an approximate 58mm wheel in a similar configuration. Even industries that scale up or down the size of the wheel in a similar configuration would work as well. Shark Wheel plans to sign licensing deals with scooter companies and other industries that use wheels similar to skateboard wheels. There would be no delay here either, as the design is considered final. No further prototyping is necessary.
The same can be said for pallet jack wheels. Any industrial application that uses a remotely similar wheel is ready for market with a Shark Wheel. The markets are vast in the industrial sector. Once Shark Wheel finishes prototyping its ambulance cot wheel, the market possibilities open up greatly. Dozens of industries use this particular configuration and Shark Wheel plans to exploit the completed design in as many industries as possible, as quickly as possible.
Strategy
Shark Wheel will not have large capital requirements using this strategy. It will primarily be a licensing entity. The following list is a summary of Shark Wheel’s strategy moving forward.
Skateboarding and roller skating are the only markets that Shark Wheel plans to build a brand, manufacture and warehouse inventory.
Projects on Hold/Just Activated
The following are projects that Shark Wheel has signed terms sheets with/in talks with that have been put on hold until the above projects have been completed:
Identified Markets
The following are markets that Shark Wheel has identified an advantage in, but currently has no traction.
Media
Intellectual Property
Partners
Miscellaneous
The Shark Wheel was invented by David Patrick. The sine wave shape was a repeating pattern that David discovered all throughout nature and is nature's preferred choice of motion. The sine wave can be seen in how snakes slither, fish and sharks swim, how the planets rotate around the sun, and even how humans walk with an alternating gait. The Shark Wheel name came from the wheel's identical shape to a shark's jaw (picture seen near top of campaign).
Shark Wheel launched through a Kickstarter campaign in June of 2013. Shark Wheel’s fundraising goal of $10,000 was reached in 72hrs, finishing with $79,300 in a 30 day run. After the successful campaign, it took the company 7 months to solve the molding issues that prevented mass production. It was one thing to reinvent the wheel, then the company had to reinvent the mold, which is now patent pending.
Shark Wheel is able to pay the same price per wheel as any other wheel company. There is no price penalty or time penalty for any company choosing to use Shark Wheel products. For a company to violate Shark Wheel’s patents and produce Shark Wheels in mass production successfully would be a massive undertaking (not to mention lawsuits) that would prevent any copycat manufacturers.
Shark Wheel has multiple issued patents in the United States, the European Union and China. Shark Wheel is patent pending with multiple other applications in process as well. Investment funds will be used to continue to strengthen the patent portfolio.
Shark Wheel already has issued trademarks in the United States and one in China for skateboard and roller skate wheels, as well as luggage wheels and pallet jack wheels. Other trademarks are pending in many industries including, medical equipment, wheelchairs and others.
Skinny Footprint / Wide Profile
The Shark Wheel has the benefits of a thin wheel and a wide wheel in one shape. The infographic shown below explains how the Shark Wheel has the skinny footprint of a thin wheel combined with the wide profile of the large wheel.
Thin circular wheels:
Low friction, fast, maneuverable, easy to swivel.
Wide circular wheels:
Off-road ability, load-capacity, lateral grip, longevity.
Shark Wheels combine the benefits of both thin and wide wheels:
Heat - Failure Points
Wheels typically fail in industrial sectors due to heat. Whether its friction, load, or an embedded nail, the failure points become heat-related. Shark Wheels have built-in heat vents that allow heat to escape. A traditional wheel attempts to steamroll over objects - this allows for small objects to become embedded into the wheel and for additional friction and therefore heat to build up leading to failure. Shark Wheel's natural design allows for heat to escape, thereby increasing the life of the wheel.
Aquatic Ability
Amphibious vehicles do not receive propulsion from their wheels. Shark Wheels aim to change that. Traditional wheels simply spin in water and do not provide any forward thrust. Shark Wheel's natural design digs into the water left and right, much like a freestyle swimmer. The alternating movements of the wheel would create the first amphibious vehicle capable of wheel propulsion. This is just one example of many for a Shark Wheel military application. This is a future application Shark Wheel would like to build with the aid of grant funding for the Department of Defense, DARPA, or another government agency.
