Chico Guerra and Mason Buechler want the Sharks to enjoy their Zuum Hover Shoes, described on Shark Tank episode 1108 as the “lightest mode of transportation in the world.”
Zuum hover shoes can be compared to hoverboards.
While hoverboards and hover shoes have one piece, hover footwear has two independent wheels.
The guys developed their idea in response to the explosive expansion of “personal transportation devices” in 2018.
Electric skateboards, scooters, hover shoes, and other personal mobility products are rising.
Many urban people prefer alternatives to autos, public transportation, and walking in their short trips within the city. Zuum is the most recent product to address this requirement.
Chico and Mason raised $24,253 on Kickstarter in March of this year, followed by another $25,470 on Indiegogo a few months later to fund their small business.
The hover shoes have a 1.5-hour battery life, are lightweight, water-resistant, and resistant to fire.
Despite their smaller size, they can carry up to 220 pounds and reach speeds of up to 8 mph. There were some delays in delivering orders, but generally, the shoes will be delivered by August 2019.
A pair of Zuum hover sneakers sells for $350 on Amazon. There are already knock-offs available, similar to hoverboards a few years ago.
The guys are probably looking for a Shark’s assistance swiftly getting their product to market and removing knock-offs.
What Are Zuum Shoes?
ZÜUM Shoes are self-balancing shoes are cutting-edge electronic skates that give you all the advantages of roller skates without needing to balance them.
The product was developed by two devoted friends who became partners and started their venture in the garage before presenting it to Shark Tank.
The ZUUM Hover Shoes are constructed from a premium aluminum alloy and are driven by a 25.9-volt battery.
They are flame retardant to V-0, self-balancing, and have solid rubber wheels that allow them to reach speeds of 8 mph.
The battery lasts around one and a half hours and recharges in two hours. The shoes were tested with four prototypes to confirm that they are completely fire, water, and dirt resistant.
Additionally, they have been tested against high-impact crashes with concrete, incorporate anti-skid technology, and controlled on a 10° incline.
It is light enough to carry the sneakers on your own or in a backpack. ZUUM Hover Shoes are considered hoverboards, but they are closer to skateboards than a typical one-piece hoverboard in terms of movement.
|Company Name||Zuum Technologies|
|Entrepreneur||Mason Buechler and Chico Guerra|
|Product||Hoverboard shoes that are motorized and electric|
|Investment Asking For||$125,000 For 20% equity in Zuum Technologies|
|Final Deal||No Deal|
|Episode||Season 11 Episode 10|
|Business Status||In Business|
Who Is The Founder Of Zuum Shoes?
Chico Guerra And Mason Buechler are the founders of Zuum Shoes.
Zuum Shoes Before Shark Tank
Chico Guerra and Mason Buechler, two entrepreneurs who grew up five houses apart, were neighbors.
When they were children, they tried lemonade stands and candy sales in their neighborhood because they were intrigued by the idea of having their own company.
After graduation, their zeal for business led them to participate in multiple brainstorming sessions.
After considering and discarding various concepts, the two went to China, where they laid the foundations for what would eventually become Zuum Technologies.
When they were still in China, they received the initial edition of the product from a manufacturer.
The top-of-the-line product they now have is the result of soliciting comments and making significant improvements to the original design.
A few months later, they came up with a product and released it on Kickstarter, which led to their appearance on Shark Tank.
The shoes are only available in one model and are now reduced on Amazon.
What truly distinguishes these unique skate shoes is their commitment to environmental stewardship.
The shoes are emission-free and enable you to avoid traffic jams.
They let you travel at a pace of 8MPH, which is approximately the same as running, without worrying about balancing the skates.
How Was The Shark Tank Pitch Of Zuum Shoes?
Chico and Mason appeared on the Shark Tank seeking an investment of $125,000 for a 20% stake in Zumm Shoes.
After a quick demonstration, they tell the Sharks they will be distributing and branding the shoes themselves.
They want the Sharks’ money to assist them in maintaining a sufficient inventory on hand.
Sharks are concerned the men are incapable of explaining their main business challenge.
Additionally, there is criticism that they are not passionate enough. As I suspected, the primary criticism was that the product was not proprietary.
Individuals and businesses alike can import these shoes and brand them. However, the Sharks send these guys packing with three strikes against them.
Hence, Zuum Shoes left the Shark Tank without securing a deal from the Sharks.
What Happened To Zuum Shoes After Shark Tank?
Zuum Shoes is still in business two months after the original air date, and the shoes are still available on Amazon.
It appears Zuum SHoes could not make a successful brand of themselves as of February 2022.
You can still find similar shoes on Amazon, but they are not Zuum. The website has now gone down, and you can no longer buy shoes through it.
Are Zuum Shoes Still In Business?
Yes, Zuum Shoes is still in business and doing well as of 2022.