Acton Rocket Skates Shark Tank Net Worth

Acton Rocket Skates are a form of wearable transportation. Peter Treadway is the founder of Acton, who pitched Acton on season 7 of the show Shark Tank.

Acton Skates are electric personal transportation devices that use brushless hub motors for propulsion. They are designed for fun and functionality and come in three models: Rocket Skates, M Scooters, and an electric skateboard.

Acton Rocket Skates have a range of up to 90 minutes per charge, while the M Scooters have a range of 3-5 hours. The products are eco-friendly, used worldwide, and contain over 20 patents. They are sold online and range in price from $499 to $1599.

The rocket skates are ideal for personal transportation for navigating college campuses since a single charge may take you as far as ten miles.

Acton Rocket Skates can reach speeds of up to ten miles per hour. Each skate has wireless technology, so there is no need for remote controls to synchronize speeds.

They are entirely within your control when you use your feet. You can wear your everyday street shoes as long as they do not have a heel when you go inside.

Company NameActon
EntrepreneurPeter Treadway
ProductSmart Electric Skates
Investment Asking For$1 million for 3.5% equity in Acton
Final DealNo Deal
SharkNo Shark
Episode Season 7, Episode 1
Business StatusIn Business
WebsiteVisit Website

What Is Acton?

Acton Skates is a footwear manufacturer that makes high-quality skate shoes known as Rocket Skates. A brushless hub motor powers the Rocket Skates, making them an electric personal mobility device.

Acton Skates are wearable transportation designed and manufactured by Peter Tredway and his company, Acton. They are the world’s smallest electric vehicle, allowing people to travel up to 10 miles an hour for up to 10 miles on a single charge.

When activated, the motors on the shoes are controlled by the pressure applied to the heels. The skates are available in different models that range in price from $499 to $699, with the difference being their range and battery strength.

Acton Skates also have 2 utility patents, 4 design patents, and 16 pending patents to increase product coverage. The company no longer sells RocketSkates; instead, they have rebranded themselves.

Acton Skates skateboard can reach up to 11 mph when you activate the two DC motors by pressing down on the heel. You click your heels together to come to a halt.

Acton Rocket Skates Shark Tank Net Worth

Rocket Skates require approximately 90 minutes to recharge and can travel up to 8 miles before requiring a charge. Depending on the model, you can purchase Rocket Skates for $499 and $699 per pair.

Who Is The Founder Of Acton?

Peter Treadway is the founder of Acton Skates. Acton, a Silicon Valley-based startup, manufactures a line of electric roller skates under Rocket Skates.

When you press on the skate’s heel, the two DC motors turn, allowing you to skate up to 11 mph. When you click your heels together, you come to a complete halt.

RocketSkates have a range of around 8 miles before recharging, which takes approximately 90 minutes. Peter Tredway, the founder of Acton, appeared on the Shark Tank in September 2015 to describe his company.

Peter Tredway has made his way to the Shark Tank from Los Angeles, California. The company is called Acton, and he is seeking a $1 million investment for a 3.5 percent stake.

Peter says that the transportation industry is set to change. Rocket skates are made by Acton, a manufacturer and designer of wearable transportation. The rocket skate is the tiniest electric vehicle in the world. Rocket skates are a great way to travel to any location.

You can activate the motors by pressing down on the heel and then pushing off. The rocket skates have a top speed of ten miles per hour and a range of up to ten miles on a single charge.

How Was The Shark Tank Pitch Of Acton?

Peter reached out to Shark Tank requesting an investment of $1.5 million for 3.5% equity in Acton Skates.

Peter left the Shark Tank stage without securing any deal from the Sharks.

Final Deal: No deal between Sharks and Acton.

What Happened To Acton After Shark Tank?

Martin and Acton have stayed committed to improving personal transportation since their participation in Shark Tank. Acton is now available to consumers for $400 for a pair of the most basic shoes.

You can purchase Acton RocketSkates for $400 to $700, and the more you spend, the farther your skates will travel. Acton RocketSkates are available at select big-box retailers such as Wal-Mart, Target, and Amazon.

Acton Rocket Skates Shark Tank Net Worth

The reviews are mixed, with the Amazon Acton “R10” model receiving a 4-star rating from five customers. The most expensive model sells for $679 but ranges up to ten miles on a single charge. Additionally, they can reach 10 miles per hour and are powered by 50 watts.

Acton skates are just getting started in terms of revolutionizing personal transportation. While I do not think you should purchase one just yet, nor do I believe the product is ready for mass-market adoption, check back in five years, and you may discover an alternative mode of transportation.

Acton Shark Tank Update

The popularity of Acton grew after its founder’s appearance on Shark Tank. However, the popularity after Shark Tank was not enough to keep the business running smoothly.

The founder of Acton saw a decline in sales of Acton Rocket Skates and decided to close the operation of Acton Rocket Skates in August 2021.

Acton manufactures and sells electric skateboards under the brand name Acton Global. Acton Global generates $6 million in annual revenue.

Is Acton Still In Business?

Acton has been busy since Shark Tank, selling its electric skateboards, including the new BLINK S-R, which retails for $499 and features enhanced braking and acceleration.

The company also launched ACE eyewear in 2018, which features a built-in camera that enables users to take pictures and videos while riding electric skateboards and roller skates and share them immediately on social media platforms.

ACTON has a 0% APR finance option since not everyone can afford $499 for a skateboard. If you want to pay for your order in installments, you can do so at 0% APR for 12 months or at reasonable rates for 12 days, 24 hours, or 36 hours.

What Is the Net Worth Of Acton?

The founder of Acton showcased its valuation of $28.5 million when it appeared on Shark Tank. The net worth of Acton Rocket Skates is estimated to be $6 million.