Acton Rocket Skates Shark Tank Net Worth (Before and After Shark Tank)

Acton, a company specializing in wearable transportation called rocket skates, appeared on Shark Tank seeking a $1 million investment in exchange for a 3.5% stake in their company. The rocket skates are small electric vehicles that allow users to travel at speeds of up to 10 miles per hour for up to 10 miles on a single charge. The skates wirelessly communicate with each other and are controlled with your feet. Despite a demonstration that impressed the Sharks, none of them were willing to invest in Acton. However, the company continued to grow and raised nearly $6 million in funding. As of 2023, Acton no longer sells rocket skates and has rebranded as Acton Global, focusing on electric scooters, bikes, and skateboards. They have reported annual revenue of $6 million.

Key Takeaways:

• Acton appeared on Shark Tank seeking a $1 million investment for their rocket skates.
• Despite impressing the Sharks, none of them were willing to invest.
• Acton raised nearly $6 million in funding and rebranded as Acton Global.
• They now focus on electric scooters, bikes, and skateboards.
• Acton reported annual revenue of $6 million.

Acton Rocket Skates Sales and Revenue on Shark Tank

When Acton showcased their innovative rocket skates on Shark Tank, they had high hopes of securing a deal. However, despite impressing the Sharks with their demonstration, none of them were willing to invest. Nevertheless, Acton’s rocket skates experienced an initial surge in sales, generating $750,000 in revenue during their first year. The following year saw a significant increase, with sales totaling over $2 million. The target demographic for these skates was primarily college students and younger individuals who quickly adapted to using them as a unique form of transportation.

The price range of Acton’s rocket skates varied between $499 and $699, depending on the model and features. Although the Sharks had concerns about the skates’ control and maneuverability, Acton’s popularity soared on social media, with students sharing videos and pictures of themselves gliding along on their rocket skates. This buzz led Acton to project sales of $10 million in the subsequent year, along with plans to secure deals with big-box retailers.

Acton Rocket Skates Sales and Revenue Overview

Year	Sales Revenue
First Year	$750,000
Second Year	$2 million

The table above provides a summary of Acton’s rocket skates sales revenue during their first two years. The significant growth in sales demonstrates the initial appeal and demand for this unique form of transportation. Despite not securing a deal on Shark Tank, Acton’s rocket skates paved the way for their future success in the electric vehicle industry.

Acton Rocket Skates After Shark Tank – Rebranding and New Products

After our appearance on Shark Tank, we decided to take a new direction and rebrand as Acton Global. While we no longer sell rocket skates, we have expanded our product line to include electric scooters, bikes, and skateboards. This shift in focus has allowed us to cater to the growing demand for electric transportation options.

Our electric scooters and bikes, named Nexus and M Pro 3.0 respectively, have gained popularity on college campuses and are now available through various vehicle-sharing services. These sleek and eco-friendly vehicles provide a convenient and efficient way for students to commute around campus.

In addition to our scooters and bikes, we briefly offered electric skateboards. Although this product did not gain as much traction as our other offerings, we continue to explore new opportunities in the electric transportation industry.

Acton Global: Pioneering the Future of Transportation

As Acton Global, we are committed to providing innovative solutions for urban mobility. By offering electric scooters, bikes, and skateboards, we strive to make transportation more sustainable, convenient, and fun. Our products are designed with the latest technology and are built to meet the needs of the modern commuter.

Despite not securing a deal on Shark Tank, we have found success and are proud to be a part of the electric transportation revolution. Our annual revenue for 2021 was reported to be $6 million, and we continue to expand our product line to meet the growing demand for electric vehicles.