Adults may have a blast riding the Leaux Racing Trike, which is a stunt tricycle designed specifically for them.
The kind of fun that calls for a little bit of carelessness and a little bit of bravery, the kind of fun that you used to have when you were a kid.
Things progress incredibly rapidly when viewed from a vantage point that is only 5 inches above the ground.
When you’re sliding around on a Leaux Trike, everyday objects like garbage cans, trees, benches, and curbs become hard obstacles.
The tricycle’s one-of-a-kind mechanism ensures explosive action at a breakneck speed, and riding one is the closest you can go to recreating the sensation of excitement you felt when you first learned to ride a bicycle when you were a child.
Tyler Hadzicki is the inventor of the Leaux trike, and his father Joe Hadzicki is the engineer behind it.
Joe Hadzicki has more than twenty years of expertise designing and producing products, including the Revolution Graphite Skateboard. Tyler Hadzicki is a professional skateboarder.
The two back wheels of the Leaux are small and extremely similar in design to the wheels found on skateboards and inline skates, which enables them to slide with relative ease.
The true trick is to utilize the handle that swivels over the back wheels so that they can rotate in a full circle when you do this, since that’s when the magic happens. You can drift, slide, and spin in circles while traveling forward if you turn the handle in the appropriate direction.
You are able to make sharp turns and maintain your speed even when navigating tight curves when you have multi-wheel steering.
There is also the option to lock the back wheels into position, transforming the tricycle into a conventional three-wheeler. To apply the brakes, you just have to pedal backwards.
The Leaux comes standard with a sophisticated and luxurious leather seat, allowing you to travel in complete ease and luxury.
Leg room can be increased or decreased with the simple adjustment of the frame of the Leaux, which can fit riders with heights ranging from 4′ 6″ to 6′ 5″.
You can really crank down on the pedals and receive an efficient transmission of power thanks to the design of the bike, which mimics a recumbent bicycle but extends the pedals beyond the front wheel.
Because of the gear ratio of 3:1, you can achieve speeds of more than 20 mph in less than 5 seconds, or you may cruise in comfort at 15 mph while pedaling at a more moderate pace.
Tyler Hadzicki was inspired to create Leaux Racing Trikes after witnessing his father invent items.
He hopes to impress the Sharks with the product when he presents it on Shark Tank episode 714.
Tyler launched his business on Kickstarter, raising over $46K to fund its first production run, like many shark tank entrepreneurs today.
Leaux Racing Trikes are similar to traditional Big Wheels in that they are low to the ground and allow for slides and spins.
A rear steering handle is also used to operate the rear wheels (and helps the rider do trick spins). You can ride with the back wheels locked if you don’t want to spin.
Tyler holds multiple patents on the trikes, which she sells between $350 and $500. They are currently available only online, but with a Shark’s help, we may soon see them in stores.
Tyler is likely to need funding for a second manufacturing run and assistance with the distribution.
Would a Shark ride a trike from Leaux Racing Trikes?
What Is Leaux Racing Trikes?
Leaux Racing Trikes are a series of recumbent tricycles that have been modified for increased speed and maneuverability. Adults can drift and spin 360 degrees on the three-wheeler.
You can adjust the height and weight to fit a person up to 6’5″ tall. Leaux Racing Trike is a series of modified tricycles for maneuverability and speed in small spaces.
They are similar to the Big Wheel; they are low to the ground, allowing users to perform power slides and spins on them.
The rear wheel is controlled with a steering grip and the front handlebars. While riding, the rear wheels are locked to prevent them from spinning.
|Company Name||Leaux Racing Trikes|
|Entrepreneur||Tyler Hadzicki and Joe Hadzicki|
|Product||Tricycles for adults|
|Investment Asking For||$120,000 For 20% equity in Leaux Racing Trikes|
|Final Deal||No Deal|
|Episode||Season 7 Episode 10|
|Business Status||Out of Business|
Who Is The Founder Of Leaux Racing Trikes?
Joe Hadzicki and his son Tyler Hadzicki are the founders of Leaux Racing Trikes. Tyler was a 17-year-old student when he designed the tricycle.
Tyler began his career at South Coast Commercial Inc soon after graduating from San Diego State University, where he is still employed to this day.
Tyler developed a prototype of the Leaux Racing Trikes with his father for a sixth-grade science project. Tyler was not a fan of his teacher, yet he still won first place at the San Diego scientific fair.
Tyler finalized his concept several years later and submitted it to Kickstarter, raising 300x his goal.
Leaux Racing Trikes Before Shark Tank
Tyler has always been passionate about business, and this explains why he launched his own company at the age of 17 while in college.
The project was part of an elementary school science project. Although the bike’s teacher despised it for lacking any scientific content, it won the science fair.
Tyler recreated his dream years later with the help of his father, who is an engineer. He acquired funds to produce in large quantities and much beyond his goal.
With a strong analytical background, good negotiation skills, and distinctive marketing abilities, he aims to impact his clients’ lives positively.
Tyler combined his passion and goal with his father’s over two decades of engineering and design experience to design a product he hopes could change the world.
Tyler faced the impediment of insufficient funding to grow into larger production facilities.
How Was The Shark Tank Pitch Of Leaux Racing Trikes?
Tyler arrives at Shark Tank requesting $120,000 for a 20% stake in Leaux Racing Trikes. The Leaux racing trike is a love child between a race car and a tricycle.
Tyler rode his invention, the Leaux Racing Trike, into the Shark Tank. Barbara and Robert regarded Tyler with amusement as he dismounted the tricycle and confirmed that this had definitely just occurred.
He informed the Sharks that he was seeking $120,000 for a 20% stake in the company.
Tyler continued by describing the Leaux (pronounced “low”) Racing Trike as the “love child of a race car and a tricycle. Robert chuckled heartily in response.
Tyler stated that the tricycle’s three wheels provide stability, agility, and speed.
Tyler donned a helmet and mounted the tricycle while explaining that the three wheels are casters controlled by a grip in the rear. This enables you to take tight turns, drift, and even perform a 360-degree spin.
As he spoke, Tyler accomplished each of these things. Tyler stepped off the tricycle and informed the Sharks that his product was unlike any other and that he intended to market it worldwide.
Robert stood up and declared that he had to take the ride as soon as he asked the Sharks who wanted to join him on the ride.
As Robert approached the stage, Lori inquired whether the performance was intended for a specific age range. Robert appeared somewhat irritated.
Tyler announced that he had two further tricycle samples and asked Mark and Kevin to the stage.
As Kevin removed his suit jacket to join Robert on stage, Robert questioned Tyler if the tricycle could accommodate Mark Cuban’s height of 6 feet 3 inches.
Tyler informed him that the tricycle was completely adjustable up to that size. Mark tried to wear one of the helmets, but it did not fit his “big ass” head, much to Lori and Barbara’s delight.
During this, Robert was playing with the tricycle and laughing hysterically. He pedaled swiftly down the hallway and pulled the rear lever, causing the bicycle to perform a 360-degree spin into the side wall.
Lori and Barbara cringed in discomfort. Kevin drove hesitantly until Barbara instructed him to accelerate. He made a little rotation by pulling the rear lever.
Mark and Robert performed feats while giggling the entire time. Robert continued until he completely passed out, and when he awoke, he declared that he enjoyed it.
Robert insisted that Lori try it, but Lori reminded him that she was wearing a skirt.
As he returned to his seat, Kevin said that it was difficult to navigate the bumps. Robert felt like he was traveling at a million miles per hour due to the low altitude.
Tyler smiled and explained that this was the inspiration for the name Leaux Racing Trikes. Tyler explained to Lori that the tricycles originated as a sixth-grade science project.
Unfortunately, the instructor did not like the idea because it “wasn’t scientific enough.” Tyler ultimately won first place at the San Diego scientific fair, which was sufficient to demonstrate her error.
Lori inquired as to what occurred after he got the award. Instead, he showed her a photograph of the first tricycle he had assembled from the parts of other tricycles. The current design, according to Barbara, is an upgrade.
Robert inquired how long it took to create the most recent design, and Tyler said that it took approximately four years. Tyler responded that he is currently a sophomore in college in response to Lori’s inquiry.
Robert questioned how he intended to advertise the product. Tyler disclosed that he tried to crowdfund the Leaux Racing Trikes on Kickstarter.
Tyler informed Robert that his Kickstarter goal was $15,000, but he ultimately raised $46,000. Tyler followed by stating that he fulfilled 130 orders using his production facility.
Robert inquired as to the location of their facility, and Tyler said that it was in Mexico. This plant was already manufacturing BMX bikes.
Tyler boasted that he had three patents and was an international businessman before turning 18 years old.
Robert asked how much he charged each item and how much it cost to manufacture them. Tyler stated that each bicycle costs $350, and he paid between $170 and $180. Tyler remarked that he dislikes mass production.
Each bicycle is handcrafted and then evaluated. Tyler stated that he spends eight hours each day testing a batch of forty bicycles in Mexico.
Lori questioned him whether he had an inspector, but Tyler replied that he himself ensured that all the pieces functioned and the paint was properly applied.
Mark inquired as to how Tyler planned to sell 10,000 Leaux Racing Trikes.
Tyler indicated that he would acquire a larger facility where he could employ the necessary labor to manufacture them by hand in huge quantities.
Kevin stated that there were numerous factories in Mexico and Asia where he could have 10,000 of them manufactured if he so desired.
Lori stated that he could also hire a reputable inspector so that he would not have to conduct the inspections himself.
The investigators would adhere to the protocol he establishes, and the facility would be unable to ship until the review is over.
Tyler insisted on testing every single one of them, which was a poor strategy if he wanted to get an investment.
It was unclear how he would grow the business if he insisted on micromanaging to that extent.
Lori informed Barbara that it would be nearly difficult for him to be personally responsible for every bike that is released.
Mark informed Tyler that he would need to significantly increase his fee to account for his time.
Robert asked to know who his customers are, and Tyler explained that they are typically parents of children aged 9 to 16 and adult men. Mark stated that Robert would be his ideal consumer target.
Barbara described him as a lovely child who adores his product. However, Leaux Racing Trikes is still in its infancy and is not yet investable. She departed.
Kevin continued by stating that he did not know how he would make it into a massive corporation, nor was he certain that Tyler was prepared. He went out. Tyler thanked him.
Lori noted that he was an outstanding example of an entrepreneur and that his desire to ensure that everything was perfect was extremely impressive.
On the other hand, she claimed that he is only one man and therefore cannot go to the factory to observe the production of each item.
Lori followed by stating that if he desired to expand his business, he would need to license out the tricycles. She indicated that the business was not yet ready, and she left.
Robert praised him for inventing these tricycles and turning them into a profitable business.
Robert stated that he was uncertain of the market’s nature. The design was too extreme for general distribution as a children’s tricycle, and too inexpensive for a niche market that enjoys speed and stunts.
Tyler stated that he believes it is appropriate for both the kid-friendly market and the niche market.
Robert stated that Tyler was a clever individual who would invest in something else, but he was uncertain how the present idea fit into the greater scheme. He apologized before leaving. He thanked Tyler.
Mark requested that Tyler name his upcoming product. Tyler appeared perplexed. Mark explained that he was inquiring because he did not believe Leaux Racing Trikes would sell two million units. He replied that there must be an additional product in order to invest in Tyler’s business.
Mark replied that he would make the investment to improve his position with a sellable product.
Tyler responded that he was not aware of a new product, but was preparing additions and upgrades for the existing model.
Mark informed him that doing so would raise his profit margins, but would not lead to a multimillion-dollar business.
Mark stated that he needed to see a vision from Tyler that would lead them to a much larger firm, but he was unable to do so at the moment. He went out. He was the final person.
Tyler stated that he will ultimately sell many of the tricycles via his website and other online sales, and then he exited the stage.
In his farewell interview, Tyler expressed regret that his business goal will not be realized.
He did not consider the item to be a toy, and he deemed their failure to listen to him about the market to be impolite. His age was readily apparent at that moment.
Taking into account his age and experience, the Sharks had treated him quite nicely.
Tyler is disappointed with the Sharks for not listening to him and accuses them of showing impoliteness.
Final Deal: No deal between Sharks and Leaux Racing Trike.
What Happened To Leaux Racing Trikes After Shark Tank?
Leaux Racing Trikes’ social media profiles have been dormant for three years, and Mobo has taken over the three-wheel cruiser trike industry.
The LinkedIn profile of Tyler indicates that Tyler graduated from San Diego State University in 2018.
Leaux Racing Trikes Shark Tank Update
Tyler is currently working on the second version of his Leaux Racing Trike, as he appears to have heeded the Sharks’ advice.
Heavy reported that he had intended to launch a crowdfunding campaign for the new device in June 2016; however that doesn’t appear to have happened.
The episode led to Tyler selling 400 units. It took Leaux Racing Trikes almost five months to ship out all orders from their Facebook page.
That is the difficulty with Tyler’s insistence on examining each trike personally – it slows production to a crawl, and he can’t expand without abandoning that view.
Is Leaux Racing Trikes Still In Business?
Leaux Racing Trike went out of business in 2016, and their social media pages have been dark since then.
What Is the Net Worth of Leaux Racing Trikes?
The valuation of Leaux Racing Trikes was $600,000 when it appeared on Shark Tank. The net worth of Leaux Racing Trikes is unknown as of 2022 since the company went out business in 2016.