The Power Pot is a high-tech cooking pot with a thermoelectric generator that you can use to recharge electrical devices through heat. The Power Pot was presented by its founders on Shark Tank to get investment from the Sharks.
You might be curious about Power Pot Shark Tank Update since it was featured on the show. Here is what we found:
What Is Power Pot?
Power Pot is a thermos-electric generator designed like a cooking pot that not only boils water but also charges electronic devices via a USB port. You can use the PowerPot with virtually any heat source, such as a wood-burning stove, a propane heater, and even a hot spring.
PowerPot’s on-demand power generation system does not use moving components and can be used anytime, day or night, regardless of weather conditions. The approach is also straightforward to use.
Simply add water to the Power Pot and turn on the burner; you’ll be producing electricity in a matter of seconds! This fantastic invention combines a simple cooking pot with a bit of renewable energy plant to create a truly remarkable product.
PowerPot is a thermoelectric generator that converts the temperature difference between the bottom of the pot and whatever is inside it, which would be water, into electricity by converting the difference in temperature.
Its output is five watts and one amp of current, implying that most USB devices will charge at least as quickly as possible with a standard plug and outlet combination. PowerPot is a fantastic tool for camping, power outages, and general green living in the great outdoors.
|Company Name||Power Practical|
|Entrepreneur||David Toledo and Caleb Light|
|Product / Business||An electric generator that also doubles as a camp cookstove|
|Investment Asking For||$250,000 for 10% equity in Power Pot|
|Final Deal||$250,000 for 12% equity in Power Pot + 3% in advisory options|
|Episode||Season 5 Episode 24|
|Business Status||In Business|
Who Is The Founder Of Power Pot?
Caleb Light and David Toledo are the founders of Power Pot. Light earned an honors degree in business and entrepreneurship from Utah Valley University. He was a partner at CupAd LLC before founding Power Pot.
Light and Toledo set off on their new adventure, clearly understanding how pyrotechnics work in the real world. The founders discovered how much energy bonfires can generate when on a camping trip over the weekend following a long and stressful semester.
They decided to use the energy to make something valuable, such as electricity, which they then sold. The Power Pot, in which this natural energy source was included, was the most notable of Light and Toledo’s portable devices. The company also developed a line of solar-powered products.
They have generated little more than $200K in two consecutive funding rounds, making them the newest Kickstarter businesses to join the Tank.
According to the company, the Power Pot, the “flagship product” of their company, Power Practical, uses the heat created by boiling water or cooking to charge any USB device, including smartphones, cameras, and GPS systems.
Power Pot Before Shark Tank
PowerPot is a groundbreaking technology created by two friends who have turned into entrepreneurs, David Toledo and Caleb Light, both of whom are from the Utah city of Salt Lake City.
PowerPot is a new thermoelectric generator with a built-in USB port for charging practically any device through its thermoelectric technology. Therefore, you can use it to charge your smartphone, digital camera, GPS device, and other electronic devices.
The PowerPot can remarkably boil water using practically any heat at any given moment. As a result, the PowerPot is an excellent partner for camping and other outdoor activities.
A USB connector reduces the time and money spent charging intelligent devices and digital cameras and boiling water on the go. Before the official launch of PowerPot, the team had completed a Kickstarter campaign and had sold one thousand units.
However, they required further assistance, commercial skills, and connections to successfully launch the PowerPot on the US market. Caleb and David decided it would be best to face the shark tank head-on to prove their mettle.
The duo has devised a fantastic idea to help them create electricity. On the other hand, will the sharks grab the hook and invest in PowerPot?
How Was The Shark Tank Pitch Of Power Pot?
David and Caleb appeared on Shark Tank requesting an investment of $250,000 in exchange for a 10% stake in Power Pot or Power Practical.
Final Deal: Mark Cuban agreed to invest $250,000 for a 12% stake + 3% advisory options in Power Pot.
What Happened To Power Pot After Shark Tank?
PowerPot was introduced to the US market as a consumer product after Caleb and David signed a deal with Mark Cuban on Shark Tank. Thanks to Mark’s extensive network of major brands and distributors, the PowerPot is now sold at most outdoor and camping stores in the United States.
You can also purchase PowerPot at a discount at Amazon.com. You may save a significant amount of money by doing so. Furthermore, Power Pot is being made more widely available to third-world countries, such as Uganda, to help alleviate poverty.
These countries use solar power to recharge electronic devices, boil water, and provide electricity for lighting in some homes.
The Power Pot has been one of the more successful ideas on the Shark Tank, judging by the results so far. There is no doubt that Caleb, David, and PowerPot have a bright future ahead of them.
Power Pot Shark Tank Update
Power Pot has expanded retail distribution to practically every major outdoor retailer and campground in the United States, thanks to its agreement with Mark Cuban.
You can also purchase Power Pot online on Amazon and various other outlets throughout the country.
Thrasio acquired Power Pot in March 2020, as informed by the founders of Power Pot. However, Thrasio has stopped manufacturing Power Pot as of 2022.
Is Power Pot Still In Business?
Power Pot is still in business and doing well as of April 2022. PowerPot was able to secure a deal with Mark Cuban, and is now available in camping stores and online through Amazon. The Power Pot lets you charge your phone and other USB gadgets quickly and efficiently.
Power Practical has introduced several new items recently, including a $30 windproof and rechargeable lighter with an integrated LED flashlight that puts out 15 lumens and is also windproof and rechargeable.
What Is the Net Worth of Power Pot?
The valuation of Power Pot was $2.5 million when it appeared on Shark Tank. The net worth of Power Pot is unknown as of 2022 since Thrasio acquired the company in 2020.