Acton Shark Tank Update

The season 7 premiere of Shark Tank featured Peter Treadway pitching Acton, his company manufacturing rocket skates and M Scooters.

Treadway founded Acton through the success of not one but two Kickstarter campaigns.

As of August 2014, he had raised $550,725 to fund the manufacturing of Acton Rocket Skates, having raised $71,982 in December 2013 towards the M Scooter project.

As the first Kickstarter entrepreneur to pitch in Season 7 of the Tank, Treadway is by no means the last.

Acton skates and M scooters have brushless hub motors electric personal transportation devices.

The skates range up to 90 minutes, while the scooter has a range of 3-5 hours. Each item is environmentally friendly and is built for both entertainment and functionality.

In total, Acton devices are used in more than 100 countries, and the company has built an app that tracks usage and allows riders to connect in real-time.

According to reports, rocket skates are a lot of fun to ride after you master them.

With the smallest, lightest, and most portable personal mobility device globally, Acton is poised for global expansion.

It is no secret that urban dwellers are continually looking for the cheapest and easiest way of traveling, and Acton products certainly meet that need.

Rocket Skates are priced between $499 and $699 per pair, while the M Scooter is priced at $1599.

They are not inexpensive, but when compared to the cost of operating a car in an urban environment, they represent an excellent bargain.

Treadway will likely seek funding partners to help with present and new sales production as part of any manufacturing effort. Will Sharks accept Treadway’s vision?

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.

The skateboard is capable of speeds of up to 11 mph when you activate the two DC motors by pressing down on the heel. You simply click your heels together to come to a halt.

Acton Shark Tank Update

Rocket Skates require approximately 90 minutes to recharge, and they can travel up to 8 miles before requiring a charge.

Depending on the model, you can purchase Rocket Skates for between $499 and $699 per pair.

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

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 the brand name Rocket Skates.

When you press on the heel of the skate, 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 they must be recharged, which takes approximately 90 minutes.

Peter Tredway, the founder of Acton, appeared on the Shark Tank in September 2015 to describe his company.

He entered the Tank in hopes of receiving a $1 million investment in exchange for a 3.5 percent stake in the company. He was unable to get an agreement.

Acton Before Shark Tank

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 at any time.

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 enters on the Shark Tank requesting an investment of $1.5 million for 3.5% equity in Acton Skates.

He and an assistant demonstrate the skates, with Mark remarking, “the electric boogaloo is back!”

Peter’s helper helps Robert try them on, and he succeeds thanks to their help.

Ashton Kutcher asks if the feet are like Segways as he puts on the shoes.

Once fitted, Robert has difficulties standing and appears slightly uncomfortable, prompting Ashton to taunt him.

Robert said it’s more difficult than it appears, but it’s quite cool. Mr. Wonderful inquires about the appropriate time required for becoming proficient; Peter replies that it depends on the rider.

Peter believes the only distinguishing characteristic between Acton’s three models is range. Additionally, he states that production costs account for around 40% of retail costs.

Rocket Skates held over twenty patents and sold $1 million worth of products in 2014. They’ve raised $2 million so far in 2015 and are aiming for $20 million.

Acton has raised $2 million in seed finance and $2.5 million in a second round at a valuation of $20 million.

Robert then states that he admires the technology but despises the valuation; he believes he would gain only if Acton hit the ball out of the park.

Robert also doubts Peter’s motivation for coming to the Tank in the first place. Peter claimed he came to strike a bargain, but Robert is no longer present.

Mr. Wonderful asserts that a million dollars do not make him feel love. Ashton thinks it’s cool, but he wasn’t impressed and believes they’re too far from the general consumer market; he exits.

Lori thinks it’s intelligent, but she believes he didn’t exert himself excessively since he isn’t desperate for a deal.

Peter denies that and claims he is here to negotiate; he asserts that he can negotiate, but Lori exits.

According to Mark, Peter is out of the picture because Peter did not provide accurate numbers. Mark asserts that Peter came to close a deal.

Mr. Wonderful says he has asked for too much and offers 15% of a million dollars. Peter counters with 6%.x

Mr. Wonderful will not bend because he believes he will be diluted to 7.5 percent in the end.

Peter continues by saying that a Shark investor adds value due to “the platform’s strength,” but he must also recognize that the platform comes with a cost.

Peter responds with 8%, but Mr. Wonderful simply states, “YOU ARE DEAD TO ME!”

What Happened To Acton After Shark Tank?

Martin and Acton have stayed committed to improving personal transportation since their participation on Shark Tank.

Acton is now readily available to consumers, albeit at a high price tag of $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 currently available at select big-box retailers such as Wal-Mart, Target, and Amazon.

Acton Shark Tank Update

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 it ranges up to ten miles on a single charge.

Additionally, they can reach 10 miles per hour and are powered by 50 watts of electricity.

Legal Grind Shark Tank Update

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

Acton ceased selling skates since August 2021. Acton Global became the company’s new name.

They are currently in the business of supplying cities and major campuses with electric bikes and scooters. 

The company also sells electric skateboards. 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.

Foot Cardigan Shark Tank Update

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.

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