Company Profile (AI Text) Name: Shark Wheel Canonical URL: https://wefunder.com/sharkwheel Updated at: 2026-06-09T05:00:10Z Tagline: Shark Wheel Reinvented the Wheel. Literally. Scientifically Proven Advantages. Elevator pitch: Shark Wheel sells the only non-circular wheel in the world. Shark Wheel is currently entering many different industries from roller skates to forklifts to farming. Key claims: - Total raised on Wefunder: 2431355 | citation: https://wefunder.com/sharkwheel#claim-total-raised - Total investors: 1865 | citation: https://wefunder.com/sharkwheel#claim-total-investors Verified facts: - Total raised on Wefunder: 2431355 | observed_at: 2026-06-09T05:00:10Z | expires_at: 2026-06-10T05:00:10Z - Total investors: 1865 | observed_at: 2026-06-09T05:00:10Z | expires_at: 2026-06-10T05:00:10Z Computed metrics: - total_amount_raised: 2431355 - total_investors: 1865 - team_size: 10 - featured_investor_count: 1 - faq_count: 5 - recent_post_count: 10 Quick facts: - ~$9M in Gross Revenue 2023-2024 | citation: https://wefunder.com/sharkwheel#claim-fact-1 - Agriculture Division Profitable as of Q2, 2025 Draft Financials | citation: https://wefunder.com/sharkwheel#claim-fact-2 - Aired on Shark Tank, Discovery Channel, FedEx commercials, FOX, and much more | citation: https://wefunder.com/sharkwheel#claim-fact-3 - Scientifically Proven Advantages by San Diego State University in Multiple Categories | citation: https://wefunder.com/sharkwheel#claim-fact-4 - 2025 Launch of Wheelchair Wheels and Pallet Jack Wheels | citation: https://wefunder.com/sharkwheel#claim-fact-5 - 2026 Launch of Low-Cost Irrigation Wheel to Increase Sales, After 1+ Years of R&D and Field Testing | citation: https://wefunder.com/sharkwheel#claim-fact-6 - ~80% Complete - R&D on Tractor Wheel Design | citation: https://wefunder.com/sharkwheel#claim-fact-7 - Preparing Shark Wheel for Merger Event | citation: https://wefunder.com/sharkwheel#claim-fact-8 FAQ: - Q: When do you think the company will be cash-flow neutral or positive, and financially self-sustaining moving forward? A: Great question. While that is impossible to predict, Shark Wheel made a decision a few years ago to be cash flow negative by design. We would easily be cash flow positive if we were just a skateboard company. We gross over a million dollars per year without a sales team and without putting in more than 20% effort into the skateboard side of our company. But, the decision was made to invest heavily in other industries and have explosive growth potential. I think Shark Wheel has positioned itse... - Q: Is there a time-frame to have Shark Wheel stock traded on the stock exchange? A: Hi William, Shark Wheel does not have plans to be traded on the stock exchange. It is possible, but not the most likely scenario. Currently, the thinking is to sell the company in 4 years. This is to take advantage of IRS code 1202. Shark Wheel switched to a C-Corp December 21, 2018. 5 years from that date (December 21, 2023), Shark Wheel can sell the company and have up to $50 million dollars tax free from my understanding. Depending on the sale price, that would make most investors have tax... - Q: A few question: 1. Have you paid the Sharks back the 500k? 2. Why are you looking to sell the business in approximately 4 years? 3. Given your revenue why is the valuation so high? What percentage of your current revenue is licensing? A: 1. Can't say. All we can say is we do not have any outstanding royalties to pay to anyone. 2. On Draven Pike's question here just before yours, I answered this question fully. In short, this is one of many potential options. It is not the only option. 3. Shark Wheel's revenue and profits would be much higher if we were only a skateboard company. All focus would only go to skateboarding and the revenues would be higher. The profits would be higher as well because a small fraction of R&D, o... - Q: How much revenue do you expect in 4-5 years? A: Hi Umair. This is nearly impossible to predict unfortunately. Anything I write would be a guess. Even large companies that have established year-over-year revenues are frequently off on their projections by substantial margins. Shark Wheel's gross revenues have grown significanly every year. But, the most explosive growth is expected within the next 1-3 years. While Shark Wheel is entering many industries the expectation of revenue between the material handling industry (pallet jack wheels wh... - Q: If you are confident that this is an industry changing idea then why would you plan to sell the company in 4 years? Why are you worried about selling for tax purposes? Shouldn't you be more confident and expect to make so much money that your tax situation won't matter after 5... A: Great questions. Floating the idea of a potential exit strategy is just that. A potential exit strategy. We know the product itself is a winner and we are trying to make the best calculated moves every step of the way to maximize its potential. We set ourselves up in 4 years time to accept a buyout of the company tax free up to $50 million if the offer makes sense. If we receive an incredible offer next year, then we wouldn't wait 4 years. If we keep the company for 20 years that is possible ... Recent posts: - 48hrs Left to Invest! (2026-04-29T17:21:58Z) https://wefunder.com/feed/311734 - Updates Before Our Round Closes (2026-04-22T20:30:23Z) https://wefunder.com/feed/219723 - Updates (2026-04-10T01:11:24Z) https://wefunder.com/feed/297739 - Shark Wheel is building an AI system to focus entirely on sales. The game-plan is to land one Grainger-level deal per month. (2026-03-20T19:18:43Z) https://wefunder.com/feed/280020 - Fortune 300 Company? (2026-01-29T20:05:37Z) https://wefunder.com/feed/250569 - “Firestone Ag is committed to delivering best-in-class performance to farmers, and rutting is a major pain point for farmers with irrigation systems. The Shark Wheel provides an inventive, proven solution that can deliver results.” Tony Orlando President, Bridgestone (2026-01-15T21:34:26Z) https://wefunder.com/feed/244256 - 2025 Year End Update (2026-01-13T20:28:42Z) https://wefunder.com/feed/243173 - 2026 Investment (2026-01-12T22:49:24Z) https://wefunder.com/feed/242610 - Shark Wheel applied for a NASA grant and spent two hours reviewing our rover wheel concept with ten NASA engineers. We didn’t win, but their next rover moved in a sine wave—just like our design—validating our performance. It launches to the Moon in 2027. They could’ve saved time and money using Shark Wheels. (2025-11-20T00:06:33Z) https://wefunder.com/feed/223284 - “Shark Wheel wasn’t designed to compete with the old wheel—it was engineered to outperform it in every environment. Today, we’re evolving from pure R&D into a sales-driven company, with disciplined execution and investor returns at the center of every decision.” (2025-11-20T00:00:04Z) https://wefunder.com/feed/223275