Zuum Shark Tank Update

ZUUM is a brand specializing in innovative and portable skating equipment. Known as “the Tesla of skates,” ZUUM combines performance with compact design, making it perfect for fun and practical use.

With options starting at just $31 per month, ZUUM makes skating accessible to everyone. Their products are designed for easy transport, ensuring you can enjoy skating anywhere. Whether you’re a beginner or an experienced skater, ZUUM offers a thrilling and enjoyable experience.

ZÜUM Shoes are self-balancing shoes with cutting-edge electronic skates that give you all the advantages of roller skates without needing to balance them. Two devoted friends who became partners developed the product and started their venture in the garage before presenting it to Shark Tank.

The ZUUM Hover Shoes are constructed from a premium aluminum alloy 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 are controlled on a 10° incline. It is light enough to carry the sneakers alone or in a backpack.

ZUUM Hover Shoes are considered hoverboards, but they are closer to skateboards than a typical one-piece hoverboard in movement.

Who Is The Founder Of Zuum Shoes?

Chico Guerra And Mason Buechler are the founders of Zuum Shoes. Chico Guerra and Mason Buechler were neighbors, two entrepreneurs who grew up five houses apart.

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 boots are emission-free and enable you to avoid traffic jams. They let you travel at a pace of 8MPH, 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.

Zuum Shoes left the Shark Tank without securing a deal from the Sharks.

Final Deal: No deal between Zumm Shoes and Sharks.

What Happened To Zuum Shoes After Shark Tank?

After their appearance on “Shark Tank” in January 2020, ZUUM Technologies, founded by Chico Guerra and Mason Buechler, faced significant challenges but persevered. Despite not securing an investment from any of the sharks due to concerns about their business model and lack of proprietary technology, Guerra and Buechler remained determined to succeed.

Before their “Shark Tank” pitch, ZUUM had successfully raised over $50,000 through crowdfunding campaigns like Kickstarter and IndieGoGo. This initial capital provided them the resources to develop their innovative self-balancing platform shoes, also known as E-Skates.

The funds they raised from 134 backers helped them get their product off the ground and establish a presence in the growing electric personal vehicle market.

In the wake of their appearance, ZUUM focused on improving their product based on feedback. They increased the rider capacity from 220 to 300 pounds and enhanced battery life, allowing a ride time of 1.5 to 2 hours with a range of 3 to 7 miles.

These improvements have made their E-Skates more appealing to a broader audience, addressing some of the concerns raised by the sharks during their pitch.

To adapt to market conditions, ZUUM shifted its sales strategy. Although they initially sold their products on Amazon, they faced stiff competition from other brands offering similar products.

As a result, Guerra and Buechler decided to focus on direct sales through their own website. This strategic move allowed them to establish a more substantial brand presence and maintain better control over their sales process.

Additionally, their E-Skates dropped from the original asking price of $299 to $250. This reduction made the product more competitive, attracting more potential customers looking for affordable electric skates.

Today, ZUUM Technologies continues to take orders through its website, demonstrating resilience and adaptability in a competitive industry. Their journey is an inspiring example of how entrepreneurs can overcome obstacles and refine their business models in pursuit of success.

Zuum Shoes is still in business two months after the original air date, and the shoes are still available on Amazon. Zuum SHoes could not make a successful brand of itself.

You can still find similar shoes on Amazon, but not Zuum. Zuum Shoes is still in business and thriving. The valuation of Zumm Shoes was $750,000 when it appeared on Shark Tank. The current net worth of Zumm Shoes is estimated to be $2.5 million.