Shark Wheel offering is now closed and is no longer accepting investments.

INVEST IN SHARK WHEEL TODAY!

We Reinvented the Wheel. Literally.

The Shark Wheel is the reinvention of the wheel. It has been scientifically proven to outperform the traditional wheel in most categories including reduced friction in motion, longevity, speed and rough terrain performance.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Shark Wheel

$798,130.78 Raised

Reasons to Invest


  • A fresh alternative to an outdated product: Our high-performing wheels offer a new, innovative option to the standard tire. While standard tires run into issues like flats, rutting, and frequent replacements needs, our Shark Wheel tires are durable and can handle most situations they encounter.


  • High-quality design: Shark Wheel is low friction, fast, maneuverable, easy to swivel with off-road ability, load-capacity, lateral grip, and longevity. Our design can be used both for commercial and consumer products.


  • Endless opportunities: There are many items that require wheels, both big and small. We envision our patented sine wave-shaped wheels helping everything from medical gurneys to skateboards move effortlessly across various terrains.




Overview


Reinventing the wheel, literally


We're offering an innovative alternative to the average wheel.


Our patented sine wave shape was a repeating pattern that our founder and inventor David Patrick discovered all throughout nature and appears to be nature's preferred choice of motion. The sine wave can be seen in how snakes slither, fish and sharks swim, how the planets rotate around the sun, and even how humans walk with an alternating gait. 



Using inspiration from nature, we developed the Shark Wheel, with the aim to make anything using wheels, from ambulance cots to printing spools, move more smoothly and efficiently.



Source: Encyclopedia Britannica

the problem


Industries are reluctant to change


For 5,000 years, the standard wheel has been the go-to design for most types of transportation. In fact, no one considered there could be a better design. The circular wheel was always considered the final design with no room for improvement.


The standard wheel as it stands isn't the ideal. Issues like rutting, flat tires, and the loss of money and time as a result.

The Solution


A great fit for transportation use


Enter the Shark Wheel.


The Shark Wheel is flat on six sides and displays many scientifically proven advantages compared to the traditional wheel. 


The patented Shark Wheel is a great fit for transportation use including wheelchairs, strollers, wagons, farming equipment, military applications, ATV vehicles, shopping carts, tricycles, hand trucks, printers, toys, IV poles, casters, roller skates, luggage, forklifts, office chairs, wagons, vacuums, hospital beds, ambulance cots, other medical equipment and much more. Its patented shape helps to resolve issues like rutting, dealing with flat tires and monetary loss as a result. Our wheels are made to handle various terrains and perform at a high level.





Shark Wheel plans to primarily be a licensing entity. 


The following list is a summary of Shark Wheel’s strategy moving forward.


Brand

  • Skateboarding and roller skating are the only markets that Shark Wheel plans to build a brand, manufacture and warehouse inventory.

Licensing Agreements

  • Shark Wheel plans to license its technology to the vast majority of industries.

  • Shark Wheel plans to license to companies that have specific testing requirements.


 

Manufacturing

  • Shark Wheel plans to only manufacture under certain conditions.

    • Each company must agree to warehouse Shark Wheel’s manufactured product in order for Shark Wheel to sign a Master Supply Agreement.

  • Shark Wheel expects to not obtain large facilities to warehouse large amounts of inventory.

  • Shark Wheel aims to work primarily the with #1 or #2 organization in each market and sign an exclusive agreement with them.

New Products


We've been busy lately


Since our previous raises, we've worked on designing and producing the following products:


Electric Kids SUV

New for 2022 and will be selling on Walmart.com among other places. 

*The above graphic contains an image of a product that is currently not available for general use. 

It is anticipated to be available in Summer 2022.



Mass Market Electric Longboard

This $299 Electric Longboard will be in store at hundreds of Walmart locations starting August 2022 in the e-mobility section. It has what we believe is one of the best in class specs featuring a 20mph top speed and a swappable battery for theoretically unlimited range. 

*The above graphic contains an image of a product that is currently not available for general use. 

It is anticipated to be available in Summer 2022.


Mass Market Skateboard

This $34.99 Skateboard will be in store at hundreds of Walmart locations starting August 2022 and similar Shark products have had proven sell through at Walmart for several years. This is first year Shark Wheel is not going through a distributor and will manage the account directly. We plan to have this board go into the best selling skateboard Walmart locations and expect to be rapidly expanded to other locations if sell through is good.

*The above graphic contains an image of a product that is currently not available for general use. 

It is anticipated to be available in Summer 2022.


Clear Longboard

This CLEAR Longboard begins selling in May 2022 on a Walmart special feature. It includes 72mm Shark Wheels, an acrylic deck that is 100% clear from all angles and a built-in deck light that oscillate colors. Walmart will test to see how well a higher priced (over $100 retail) longboard with added value can sell on Walmart.com. If sell through is good, in store locations could be next.

Farming


Agriculture - Central Pivot Irrigation - Farming Wheel


Shark Wheel won a government grant through the National Science Foundation in January 2018. The grant was for $225,000 to develop a state-of-the-art wheel for the central pivot irrigation industry. After performing extensive customer discovery interviews and graduating through the government's I-Corps program, Shark Wheel learned what the market desires in a wheel:


  • Minimize rutting (the industry's largest issue is digging a trench)
  • Non-pneumatic tire that can never go flat
  • Modular design that makes maintenance easier and more cost-effective
  • Enough traction to traverse clay-based and sand-based soils
  • Priced with the current industry sweet spot


Shark Wheel built a wheel according to what the customer desires. The test was a success in 2018 and Shark Wheel applied for the Phase II portion of the grant. In Q2, 2019, Shark Wheel won Phase II of the grant for $724,313 to optimize the wheel and bring it to commercialization. Shark Wheel subsequently won a Phase IIb grant for $150,000 in 2021.


Shark Wheel already has a signed licensing deal with one company in the industry and and received formal interest in our technology from two industry leaders.


Agriculture may be Shark Wheel's largest industry moving forward and we are already in discussions for our next farming wheel for sprayer applications. 


*The top two images are computer generated demo versions. The other graphic contains an image of a product that is currently not available for general use. It is anticipated to be available in Fall 2022.



The Shark Wheel is named after the shape of shark jaws and through many iterations, Shark Wheel created another biomimetic design for its tire based on the shape of seagull wings. The flexing non-pneumatic, modular lugs of the tire design approximated the flotation of a pneumatic tire. The sine wave shape of the Shark Wheel was placed in the standard tandem configuration on central pivot irrigation machines and the result was a wheel that did not go over the same track as the wheel in front of it. The front wheel moved left-right-left, while the rear wheel moved right-left-right effectively creating a helix shape in the soil. In contrast to a traditional wheel that continues to move along the same track over and over again digging a rut, the Shark Wheel disrupted the soil in a snake-like shape, while the rear wheel pushed the soil back to where it began. This greatly minimized the industry-wide issue of rutting. Shark Wheel estimates an average farmer can save over $27,000 by switching to a sine wave wheel geometry because of less down time due to flat tires, less rutting and greater crop yield.


*Images are computer generated demo versions. Product is still currently under development


The most recent update came from a test farm in New Mexico where the following two successes were documented:


  • 4'' ruts left by traditional wheels transformed into 2'' ruts after running the Shark Wheel in the existing ruts
  • The most severe rutting on this test farm came from Tower #1. Traditional wheels dug a 14'' rut. A track filler was used to give the Shark Wheel a smooth starting point. The Shark Wheels left a mere 1'' rut on the same track

Our Traction


Round and round we go


Shark Wheel has completed products for skateboard wheels, longboard wheels, luggage wheels, pallet jack wheels and most recently printing tape. Shark Wheel plans to extrapolate its current designs to enter other similar industries. 


Shark Wheel has been successful obtaining grants to date. Shark Wheel has won 3 out of 4 grants it has applied for and believes it is a good business decision to seek more grant opportunities. 


The following is a list of awarded grants:


  • FedEx Nationwide Small Business Grant Winner, 2015

  • SBIR National Science Foundation Phase I grant ($225,000). Won in January 2018. 

  • SBIR NSF Phase II grant ($724,313). Won in April 2019. (aligned with multiple industry leaders in the irrigation segment of agriculture). Grant concludes in late 2021.

  • SBIR NSF Phase IIb grant ($150,000). Won in March 2021. 


Shark Wheel has multiple issued patents in the United States, the European Union and China. Shark Wheel is patent pending with multiple other applications in process as well. Investment funds will be used to continue to strengthen the patent portfolio. 


*Images are computer generated demo versions. Product is still currently under development


Shark Wheel already has issued trademarks in the United States and one in China for skateboard and roller skate wheels, as well as luggage wheels and pallet jack wheels. Other trademarks are pending in many industries including, medical equipment, wheelchairs and others.

The Market


We believe the Shark Wheel potential is limitless


We're working across various industries, but there are still many untapped markets and products we can optimize including:


  • Medical - i.e. IV poles, hospital beds
  • Leisure/Consumeri.e. strollers, hand trucks, ATV vehicles, gym equipment, tricycles, toys
  • Commerciali.e. shopping carts, golf carts, large-scale printers, tractors
  • Governmentali.e. military vehicles, planetary rovers


The following products are part of projects that Shark Wheel has signed terms sheets with/in talks with to complete in the near future:


  • Wagons
  • Walkers
  • Kayaks/Stand up paddle carts
  • Office chairs
  • Military cases/coolers
  • Oil/gas industry (roller conveyance)


*Except for the skateboards, the above is a rendering of a future potential product. Images are computer generated demo versions. Certain products are still currently under development not yet available on the market.

Why invest


Help us optimize the wheel


We want to offer a better solution to the standard wheel that allows for safer travel, productive manufacturing, and ease of mobility.


We believe our unique, patented sine shape technology is one of the most efficient options available today.


Join the wave and invest in what we believe is the next evolution of the wheel.


ABOUT

HEADQUARTERS

22600 Lambert Street 704-A
Lake Forest, CA 92630
VALUATION

$42.87M
PREVIOUSLY CROWDFUNDED

$3M

The Shark Wheel is the reinvention of the wheel. It has been scientifically proven to outperform the traditional wheel in most categories including reduced friction in motion, longevity, speed and rough terrain performance.

TEAM

Gary Fleishman
Gary Fleishman
President & Director

Gary has management and business expertise in running companies for over 35 years. He has served as the Senior Vice-President & Regional Manager for the world’s largest real estate company, Coldwell Banker. Gary does not take a salary from Shark Wheel and only works intermittently. He is involved in high-level Shark Wheel dealings. 1 hour per week.

Zack Fleishman
Zack Fleishman
Chief Executive Officer, Director & Secretary

A former ATP Tour pro player for 10 years. No stranger to hard work, sacrifice and success. He handles all day-to-day business duties, including patents, business development, licensing deals and much more. Full time worker.

David Patrick
David Patrick
Consultant

David reinvented the wheel. Literally. David started two highly successful companies multi-million dollar companies from the ground up. Shark Wheel is David's third startup company that was born from his groundbreaking scientific discovery. Full time worker.

Donna Thompson

Donna Thompson

Bookkeeper

Donna Thompson has offered bookkeeping services since 1988. She services a wide range of small businesses from sporting goods companies to clinical trials companies to medical / wellness companies as well as Non-Profit entities.

Donna’s signature motto is “our number one goal is to keep our customers for life”. She prides herself in relationship building and has worked with her largest client since 1991.

Donna volunteers yearly for Volunteer Income Tax Assistance (VITA) and AARP as a tax preparer. She holds a Federal Personal Tax Identification Number (PTIN) to prepare taxes and is in good standing with California Tax Education Council. Donna is a member of National Association of Certified Public Bookkeepers.

Todd Smith

Todd Smith

Mechanical Engineer/CAD

Mechanical Engineer with over 20 years of seasoned and successful professional experience. He has designed many different products moving these designs from concept to production for innovators, startups and established companies. Professional degreed mechanical design engineer with an MBA. Experienced as a technical lead with in house designs, ODM, and OEM, as well as partnership designs. Todd’s experience includes high volume production design, concept designs, reference designs, and validation tool design. Part time worker, roughly 3 hours per week.

 

Max Gray

Max Gray

Fractional CFO

Max has extensive experience in running large finance teams, managing budgeting and forecasting processes, owning reporting suites, M&A (acquisitions ranging from $1M to $100M, and SPAC mergers), due diligence, and more.

Max works roughly 6 hours per week for the company.

Istvan Fazekas

Istvan Fazekas

Graphic Design

Graphic Designer with 20 Years of Experience Masters degree in Computer Science, Masters degree in Leadership and Management Expert in 3D modeling and visualization Eddie is a great asset to the Shark Wheel team. Full time worker.

Jack Schaefer

Jack Schaefer

Warehouse Operations

Jack is involved with shipping and receiving at Shark Wheel. Jack also builds out skateboards and manages shipping for every order. He also maintains inventory controls and other warehouse duties. Full time worker.

David Patrick Jr.

David Patrick Jr.

Wholesale Consultant

David manages wholesale and distributor orders at Shark Wheel. He also works directly with retail shops and international businesses to procure orders and fulfill their inventory needs. Part-time worker.

Patrice Crenshaw

Patrice Crenshaw

Executive Assistant

Executive Assistant to CEO, providing administrative support through research for manufacturer sourcing, procurement, B2B and logistics. Other duties include project management, eCommerce, data management, sourcing and customer relations. Full time worker.

Steven Maizes

Steven Maizes

Advisor

Steven works on a wide variety of business development topics including: product distribution, licensing deals, contract negotiations, marketing, financing opportunities and overall global company strategy. Steven is available for consulting hours, but does not have a set amount of part-time work he allocates to the company.

Nicole Ifcher

Nicole Ifcher

Advisor

Highly motivated and innovative Anderson MBA marketing leader with 15+ yrs experience in consumer products including health & beauty, social media and international assignments. Proven record of driving superior results for global brands. Nicole is available for consulting hours, but does not have a set amount of part-time work she allocates to the company.

Professor Mark Alpert

Professor Mark Alpert

Advisor

Professor Alpert’s current position is Foley's Professorship in Retailing, Department of Marketing Administration, Graduate School of Business, The University of Texas at Austin. Professor Alpert has been featured in dozens of academic books. Professor Alpert is available for consulting hours, but does not have a set amount of part-time work he allocates to the company.

TERMS

Shark Wheel
Overview
PRICE PER SHARE
$2.29
DEADLINE
Jan 28, 2023
VALUATION
$42.87M
AMOUNT RAISED
$798,130.78
Breakdown
MIN INVESTMENT
$398.46
MAX INVESTMENT
$1,769,750.93
MIN NUMBER OF SHARES OFFERED
4,366
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class C Common Stock
MAX NUMBER OF SHARES OFFERED
772,817

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Shark Wheel, Inc.

Corporate Address

:

22600 Lambert Street 704-A, Lake Forest, CA 92630

Offering Minimum

:

$10,000.43

Offering Maximum

:

$1,769,750.93

Minimum Investment Amount

(per investor)

:

$398.46











Terms


Offering Type

:

Equity

Security Name

:

Class C Common Stock

Minimum Number of Shares Offered

:

4,367

Maximum Number of Shares Offered

:

772,817

Price per Share

:

$2.29

Pre-Money Valuation

:

$42,867,874.84











*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.

Investment Incentives and Bonuses*

Loyalty Bonus:

For any previous backers or investors in Shark Wheel, when you invest in this live offering you will receive an additional 5% bonus shares.

Time-Based:

Friends and Family Early Birds

Invest within the first week and receive 15% bonus shares.

Super Early Bird Bonus

Invest within the first two weeks and receive 10% bonus shares.

Early Bird Bonus

Invest within the first week and a half and receive 5% bonus shares.

Amount-Based:

Tier 1| $1,000+

Invest $1,000+ and receive 50% off anything on SharkWheel.com for one purchase. (Excludes electric products).

Tier 2 | $2,000+

Invest $2,000+ and receive a free set of skateboard or longboard wheels on SharkWheel.com. 

Tier 3 | $4,000+

Invest $4,000+ and receive a free skateboard or longboard. (Excludes electric products).

Tier 4 | $7,500+

Invest $7,500+ and receive a free custom skateboard or longboard with the inventor's signature, plus 3% bonus shares. 

Tier 5 | $10,000+

Invest $10,000+ and receive Tier 1-4 perks + 5% bonus shares and a personal meeting with David Patrick, see incredible Shark Wheel applications in development and listen to David's scientific discovery that led to Shark Wheel's conception. Located in Lake Forest, California. Lodging and transportation are not included.

Tier 6 | $50,000+

Invest $50,000+ and receive Tier 1-5 perks + 10% bonus shares and free luggage.

*Lodging and transportation not included.

**All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Shark Wheel will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class C Common Stock at $2.29 / share, you will receive 110 shares of Class C Common Stock, meaning you'll own 110 shares for $229. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Inter company debt or back payments. Any expense labeled “Administrative Expenses” not strictly for administrative purposes.

NEW UPDATES

01.28.23

SIGNED Deal with Fortune 500 Company. See Who -->

Hi everyone, 

Just in time before the campaign closing in a few hours here, Shark Wheel has officially inked a deal with...

Bridgestone/Firestone

They are the same company, different brand names. We just received the countersigned agreement this afternoon. Shark Wheel has been working on this deal for months within the agriculture industry, specifically for irrigation wheels. Firestone happens to be the #1 tire in all of agriculture!

They have never sold an airless tire before and overnight can sell the Shark Wheel to their deep network of customers in the United States and Canada who are looking for tires that never go flat! 

We are in constant communication with many divisions at Firestone and their marketing division is working on a special release. The official press release will be coming in February. 

Last few hours to invest or increase your investment. 


01.27.23

We Won!

Hi everyone,

The America's Real Deal competition started with 16 teams and last night the winner was revealed. Shark Wheel won Season One and $100,000! It gave us exposure and a sizeable prize. 

Our campaign ends tonight at 11:59pm pacific time. 

We anticipate sharing another update with you today with any luck. The signing of our deal with (maybe) a Fortune 500 company. The signing of the deal and our campaign closing are both coming to fruition at nearly the same time. We hope to have a signed document today so we can share the good news with everyone! Stay tuned for one more update hopefully today.


PRESS

Article Image
OC Register

Shark Wheel meets ‘Shark Tank’: Lake Forest company reinvents the wheel, gets on TV show

Article Image
Heavy

Shark Wheel After ‘Shark Tank’: Interview With COO

Article Image
ABC

'Shark Tank' business from Lake Forest reinvents the wheel

Article Image
Beverly Hills Magazine

COO OF SHARK WHEEL: ZACK FLEISHMAN

Article Image
National Science Foundation

SBIR Phase I: The Reinvention of the Wheel. For Agricultural Uses and Beyond.

ALL UPDATES

01.28.23

SIGNED Deal with Fortune 500 Company. See Who -->

Hi everyone, 

Just in time before the campaign closing in a few hours here, Shark Wheel has officially inked a deal with...

Bridgestone/Firestone

They are the same company, different brand names. We just received the countersigned agreement this afternoon. Shark Wheel has been working on this deal for months within the agriculture industry, specifically for irrigation wheels. Firestone happens to be the #1 tire in all of agriculture!

They have never sold an airless tire before and overnight can sell the Shark Wheel to their deep network of customers in the United States and Canada who are looking for tires that never go flat! 

We are in constant communication with many divisions at Firestone and their marketing division is working on a special release. The official press release will be coming in February. 

Last few hours to invest or increase your investment. 


01.27.23

We Won!

Hi everyone,

The America's Real Deal competition started with 16 teams and last night the winner was revealed. Shark Wheel won Season One and $100,000! It gave us exposure and a sizeable prize. 

Our campaign ends tonight at 11:59pm pacific time. 

We anticipate sharing another update with you today with any luck. The signing of our deal with (maybe) a Fortune 500 company. The signing of the deal and our campaign closing are both coming to fruition at nearly the same time. We hope to have a signed document today so we can share the good news with everyone! Stay tuned for one more update hopefully today.


01.26.23

$100,000 Tonight?

Recap and New Info:

1. America's Real Deal season finale airs tonight on FOX Business at 10pm PST. Will Shark Wheel win $100,000 tonight? We have no idea, but there is a red carpet event and we will find out in a matter of hours. If you miss it, stream anytime on Roku, Android TV, Apple TV+ or Fire TV by typing in America's Real Deal.

2. Shark Wheel's investment campaign closes tomorrow. The minimum investment is only $399 and you can help us reinvent the wheel. 

3. Shark Wheel is about to announce its massive partnership this week in the agriculture industry. Will it be a Fortune 500 company? Stay tuned for the next update.

4. The US Military reached out to Shark Wheel and has authorized a development project to supply the Navy with wheels to transport munitions. More details coming soon.

5. Shark Wheel's demand in agriculture is currently exceeding its supply. This is great news, but also an issue. We are opening a new set of tooling in order to manufacture more quickly and meet demand. We have actually tripled our orders this past week with one of our manufacturers. $10M+ is expected in gross revenues in the next year (before the 2024 farming season begins) for our agriculture division.

6. We received the data on one of our Walmart SKUs (Polyboard Skateboard) and the sell through was great. It is getting renewed for 2023 and there will be an increase in the store count.

7. Shark Wheel expects to have a new signed licensing deal within the next several days for pallet jack and forklifts wheels. (with a leading manufacturer to manufacture and sell)

8. Shark Wheel recently delivered its first order for casters with a large caster company in Germany. Order #2 will be with an industry leader in the US coming soon.

9. Shark Wheel just moved into new office space. As part of its promise to transition to a sales company, Shark Wheel left its larger warehouse/showroom/office combo space and has moved into smaller office space. All inventory has now been moved to a 3PL fulfillment center so we can put our focus on sales and not worry about shipping, logistics, assembly, etc. Shark Wheel has been breakeven or profitable every month for the past several months. It will be highly profitable in 2023 with its new low overhead and and sales focus. 

10. Thanks everyone! Invest today before the campaign closes tomorrow. 


01.25.23

2 Days Left to Invest

Thank you for your interest in Shark Wheel and supporting us in this campaign. We have 2 days to go. 


The Navy has authorized us to speak about the prototyping project's application details. They are issuing payment for our services now so we can begin the project. 

Here is a write up on the application:  https://www.devallcs.com/post/over-50-years-past-performance-as-oem-on-mhu-191-awse-armament-and-ground-support-equipment


They are looking to decrease rolling resistance, improve flotation on soft terrain and increase performance over rough terrain. The diameter is 14''. For scale, here is a video of a 14'' Shark Wheel on a robot conveyor:  https://www.youtube.com/watch?v=3GlsS62Cvu8&feature=youtu.be

Tomorrow night on FOX Business (10pm pacific), we find out if we win the America's Real Deal competition show. There is a red carpet event for the show - should be fun!

We are hoping to announce our major partner in agriculture within the next 1-2 days. Stay tuned.



01.24.23

Mark Your Calendars with These Dates - Big Updates

This campaign closes January 27th!

January 26:  Season Finale of America's Real Deal. Will Shark Wheel win the $100,000 grand prize? Watch us on FOX Business this Thursday at 10pm pacific time. Also, you can stream the show starting the next day at any time on Roku, Android TV, Apple TV+, Fire TV. We are currently in first place, but have no idea if we won. We will find out Thursday as well!

January 27: Expected signing of new pallet jack/forklift contract with a top manufacturer to manufacture and distribute product.

January 27:  This campaign closes. Last chance to invest here.

January 28:  Shark Wheel Agriculture subsidiary technically begins operations (all investors have ownership in all wheel applications we ever enter into). Our first wheels will be prepared for shipment around the first week of February. 

January 31:  Our agriculture wheels will be showcased/launched at the National Dealer Convention of our new (big) partner. We plan to announce our partnership this week.  This may or may not be a Fortune 500 company! 

February 10:  First casters arrive to our offices to begin US caster sales. We already sold our first caster order ever this month to a customer in Germany. Awaiting first order from industry leading educational furniture company in Q1.

February 15:  Shark Wheel will exhibit at the World AG Expo (trade show) in Tulare, California. It is one of the biggest Agriculture shows in the world with over 100,000 people expected to attend.

Late February Expected:  Shark Wheel will find out its new assortment and store count for Walmart 2023. We have already been told a new SKU has been added (a surfskate skatebaord).

01.18.23

US Military - Shark Wheel - Exciting

2023 represents the first year that Shark Wheel is a 'sales company'. This means our primary focus is sales, sales, sales. Historically, we have been R&D company, highly focused on trying to figure out how to make a wheel that is superior to a traditional wheel in many applications.

Shark Wheel agreed to take on one project for 2023 - a sprayer tractor wheel for the agricultural industry. Working in partnership with 4 multi-billion dollar companies, Shark Wheel has high hopes for its sprayer tractor wheel. The goal is to commercialize this wheel in 2024 after R&D and testing.

We frequently receive requests to prototype wheels for other industries and applications. Remaining true to our commitment, we have turned down multiple opportunities. We do not feel that we can handle more than 2 projects per year currently, especially as we are ramping up our irrigation wheel (agriculture) sales. With over $2M expected in gross revenue in the next few weeks just on our irrigation wheel, we are putting our focus where it needs to be. The irrigation wheel has a fluctuating selling price depending if we sell to OEM, Distributor, Dealer or Farmer. Taking into consideration our COGS coming from 4 different factories and using an estimated mix of who we are selling to, we are estimating a 40% blended margin overall. The margin could go up or down, but at least gives a decent estimate.

But, an opportunity presented itself that we could not pass on. The US Military initiated contact with us directly. They are looking to improve rolling resistance and off-road performance for certain applications. We are looking to obtain clearance to discuss the initial application with you. What we can say so far is the specific division that contacted us: Naval Air Warfare Center Aircraft Division 

Our campaign is closing very soon. It is best to invest now and not wait until the last minute because issues can arise. We plan on updating the initial prototyping military application once we receive permission before our campaign closes.

01.11.23

Last Chance to Invest - Updates

The campaign is nearing its closing date. It is best practice to invest well before the end date to make sure that no issues arise with little time left in the campaign. We have seen disappointment before with investors waiting too long to initiate their investment.

Shark Wheel is nearing a major announcement with a Fortune 500 company this month for agriculture. The Shark Wheel SWIFT (Sine Wave Innovative Flotation and Traction wheel) agriculture wheel for the irrigation industry is ramping up production and has its first several hundred wheels shipping this week. Production significantly ramps up in February with thousands of wheels manufactured and assembled. The contract is in our lawyer's hands and the last details are being finalized before an official announcement. We have already been invited by this company and will be presenting to their entire dealer network at the end of January as their airless tire solution.

Demand is currently outpacing supply and we are trying to double or possibly even triple our manufacturing output capabilities within the next 4-6 weeks to meet demand before the farming season begins in April.

The tv show, America's Real Deal, concludes January 26. We air on a featured episode on FOX Business January 19th at night. We are currently in first place and on pace to win their $100,000 top prize.

We just fulfilled our first caster order ever. We have sold luggage and have luggage licensing deals, which use casters, but this is our first order just for casters. Our 2nd order is expected in Q1 from the industry leader for educational furniture. It is a sizeable account for us - original estimates are ramping up to 250,000 casters per year with this one customer. 








01.05.23

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Shark Wheel offering. Here's an excerpt describing the specifics of the change:


Issuer is removing a Director & Officer


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

12.28.22

Walmart

We have been informed by Walmart that they will be increasing our SKU count and store count for 2023. This is big news!

Sell through has been good so far and we will receive official commitments in late January/February time frame for 2023 orders.

Shark Wheel has successful sold product into Walmart for several years now, but 2022 is the first time we have gone direct. Previously, we sold through a large distributor. It allowed us to learn the ropes, but it took margin away from us and did not allow us to present our entire product line.

In 2022, Shark Wheel was considered a 'first year vendor'. This means our SKU count and store count was throttled back to make sure we could handle the orders from a financial perspective and from a manufacturing/shipping timeline perspective. Walmart cannot work with a brand new supplier and throw millions in orders at the company and hope for the best. They take a measured approach and as you prove your sell through and your ability to handle the process, they increase your orders.

Shark Wheel also had its first-ever meeting/pitch with Target. Target was very interested and is looking to see if they can bring Shark Wheel in for at least one SKU to start. The issue is that skateboards, scooters, bicycles, etc. had such strong sales during the peak of COVID sales in 2020-2021 that all companies over-ordered. Small retail shops over ordered, distributors over ordered and even big box retailers over orders. No one predicted the level of sales drop off that would occur. If you Google Nordstrom, Walmart, Target and any other major retailer you will see many are stuck with unsold inventory in a variety of different products. Walmart is actually cancelling POs for the first time in the clothing division due to too much inventory.

Target is likely to bring us on once inventory levels begin to normalize. The same is true for several other retailers we have been speaking with including Meijer, Dunham's, Big 5 Sporting Goods (who we have sold through in the past), Academy, Costco, Walmart Canada, Costco Canada and others.

12.22.22

Agriculture - Great News

Shark Wheel is gearing up production and will ship its first agriculture-related wheels in January after 4+ years of hard work!

Hundreds of thousands of dollars in product is on order. We have thought ahead and diversified our supply chain to make sure if one factory has delays or any issues that we can be in full production immediately with a different factory. We are ordering from two different factories for our wheel and two different factories for our paddles (which make up our modular tire).

Central pivot irrigation machines irrigate the majority of farms in the US. 300,000 wheels are sold annually in North America alone. By this time next year, Shark Wheel should be partnered with nearly 80% of the industry at this time next year.  Shark Wheel is already partnered with over 30% of the industry today and a major announcement is forthcoming next month that is expected to take us over 60% of the industry)

If we can capture 10% of wheels sold in the market, that will yield gross revenues of $22.5 million at the low-end estimate. Our proforma shows estimates of reaching that number within 36 months. 


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REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Shark Wheel.

$398.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$1,000.00

Tier 1

Invest $1,000+ and receive 50% off anything on SharkWheel.com for one purchase. (Excludes electric products).

$2,000.00

Tier 2

Invest $2,000+ and receive a free set of skateboard or longboard wheels on SharkWheel.com.

$4,000.00

Tier 3

Invest $4,000+ and receive a free skateboard or longboard. (Excludes electric products).

$7,500.00

Tier 4

Invest $7,500+ and receive a free custom skateboard or longboard with the inventor's signature, plus 3% bonus shares.

$10,000.00

Tier 5

Invest $10,000+ and receive Tier 1-4 perks + 5% bonus shares and a personal meeting with David Patrick in Lake Forest, California. Lodging and transportation are not included.

$50,000.00

Tier 6

Invest $50,000+ and receive Tier 1-5 perks + 10% bonus shares and free luggage.

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