With the recent global crisis, it has been incredibly difficult on many people and businesses. The team at Shark Wheel has been primarily working remotely and conducted business as usual.
Shark Wheel's largest deal on the table is making wheels for medical carts to go into hospitals and many other medical environments. The deal is 8-figures per year and Shark Wheel is racing to close the deal within 6-12 months. The team is deep in the early prototyping and testing phases. Soon, it will transition to production-level prototyping and testing. The customer we are building the wheels for is trying to push us from a timeline perspective because their sales are increasing exponentially right now. This is a great problem to have from a business sense (not from a reality sense of course).
Shark Wheel is anticipating that it will extend the campaign an additional 30 days - in all likelihood that will happen at some point this week. The investment funds will help us accelerate this deal and others.
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