Acton Skates Shark Tank Net Worth 2023
Acton Skates and Scooters has an annual revenue of $6 million and a valuation of $28.5 million as of February 2023.
The company was founded by Peter Treadway, who sought $1 million for 3.5% of the company when it appeared on Shark Tank Season 7 in November 2022.
At the time, the company had a valuation of around $20 to $28 million. As of December 2022, Acton Skates is majorly owned by Peter Treadway and has a net worth in the millions.
What are Acton skates? Who is the founder of Acton Skates?
Acton is a footwear company that produces high-quality electric personal transportation devices known as Rocket Skates.
These skates feature brushless hub motors for propulsion and can reach speeds of up to 11 mph by pressing down on the heel.
Peter Treadway is the founder of Acton Skates.
They can travel for about 8 miles on a single charge, which takes about 90 minutes. The cost for a pair of Rocket Skates ranges from $499 to $699, depending on the model.
Acton Skates Shark Tank Pitch
Peter Treadway presented his company, Acton, which produces “rocket skates” and M Scooters, during Season 7, Episode 1 of Shark Tank.
Before his appearance on the show, he had successfully raised funds through Kickstarter campaigns, accumulating a total of $71,982 and $550,725 respectively. During his pitch, he sought a $1 million investment in exchange for 3.5% of his company.
Although the Sharks found the technology intriguing, they expressed concerns regarding the pricing and sales projections.
In the end, no deal was reached, and Mr. Wonderful declared “You are Dead to me!” after Peter Treadway declined his offer.
As of August 2021, Acton Global, previously known as Acton, stopped offering skates and now focuses on selling electric bikes, scooters, and electric skateboards primarily to cities and large campuses.
Competitors of Acton Skates
Perpetual Motion Machine is a competitor of Acton Skates, offering an electric skateboard with a similar design.
Another competitor, Glide Boards, is based in Florida and also offers an electric skateboard with a similar design, but at a lower price point.
The net worth of Acton Skates
At the Shark Tank pitch, Peter valued his Company at $28,571,429
Acton Skates Shark Tank Updates
Acton Skates appeared on Shark Tank in season 7, where Peter Treadway pitched his company that manufactures “rocket skates” and M Scooters. Skates and scooters are electric personal transportation devices that use brushless hub motors for propulsion.
The skates can go up to 90 minutes per charge, and the scooter goes 3-5 hours. Acton’s pitch included a demonstration where Robert Herjavec tried out the skates, which had a range of about 10 miles. However, Acton did not secure a deal from the Sharks.
Since appearing on Shark Tank, Acton has rebranded as Acton Global and no longer sells electric skates. They now focus on providing electric bikes and scooters to cities and large campuses. They also sell electric skateboards.
As of August 2022, Acton no longer sells its skates. The company’s net worth is $6 million as of 2023, and its valuation was $28.5 million when it appeared on Shark Tank.
In conclusion, Acton Skates appeared on Shark Tank in season 7, where they pitched their electric skates and scooters. Although they did not secure a deal from the Sharks, they continued to develop their products and rebranded as Acton Global.
As of August 2022, they no longer sell electric skates and now focus on providing electric bikes and scooters to cities and large campuses.
Summary Table: Acton Skates Shark Tank Net Worth 2023
| TOPIC | DETAILS |
| Company | Acton Skates and Scooters |
| Founder | Peter Treadway |
| Products | Rocket Skates, M Scooters, Electric Skateboards |
| Valuation | $28.5 million (as of February 2023) |
| Annual revenue | $6 million (as of February 2023) |
| Shark Tank | Appeared in Season 7, asked for $1 million for 3.5% equity, no deal was made |
| Competitors | Perpetual Motion Machine, Glide Boards |
| Net worth | In the millions (as of December 2022) |
| Focus | Acton Global now focuses on providing electric bikes and scooters to cities |
| and large campuses |
FAQS of Acton Skates
What Are Acton Skates?
Acton Skates are electric personal transportation devices that use brushless hub motors for propulsion. They were designed and manufactured by Peter Tredway and his company, Acton.
Acton Skates come in three models: Rocket Skates, M Scooters, and an electric skateboard. The Rocket Skates are wearable transportation devices that allow people to travel up to 10 miles an hour for up to 10 miles on a single charge.
They are the world’s smallest electric vehicle and are entirely within the user’s control when they use their feet. The skates communicate wirelessly and operate with the motion of the user’s feet rather than a remote.
Peter Tredway pitched Acton Skates on season 7 of Shark Tank, where he raised $550,725 to fund the production of the Rocket Skates. However, Acton has since rebranded itself as Acton Global and no longer sells electric skates.
They are now in the business of providing electric bikes and scooters to cities and large campuses, and they also sell electric skateboards. As of February 2023, Acton Global has its electric bikes in over 100 cities globally and has an annual revenue of $6 million.
Who Are The Founders Of Acton Skates And Where Were Acton Skates Founded?
Acton Skates is a footwear manufacturer that produces high-quality electric personal transportation devices known as Rocket Skates.
The company was founded in Los Angeles, California, USA, in 1994 by two brothers, James, and Peter Acton. Peter Treadway is the founder of Acton Skates. He pitched Acton on season 7 of the show Shark Tank.
Acton Skates come in three models: Rocket Skates, M Scooters, and an electric skateboard. The Rocket Skates are a form of wearable transportation that use brushless hub motors for propulsion.
They are designed for fun and functionality and can be operated and controlled by feet. The skates are lightweight and can be worn with everyday street shoes as long as they do not have a heel. The M Scooter can go up to 3-5 hours per charge and is eco-friendly.
As of December 2022, Acton Skates is majorly owned by Peter Treadway and has a net worth in the millions. The company had a valuation of around $20 to $28 million in 2014.
Acton Global, previously known as Acton, stopped offering skates in August 2021 and now focuses on selling electric bikes, scooters, and electric skateboards primarily to cities and large campuses.
What Are The Main Products Of Acton Skates?
Acton Skates is a footwear manufacturer that produces high-quality skate shoes known as Rocket Skates, M Scooters, and electric skateboards. Acton Rocket Skates are electric personal transportation devices that use brushless hub motors for propulsion.
They are wearable transportation designed and manufactured by Peter Tredway and his company, Acton. Rocket Skates are the world’s smallest electric vehicle, allowing people to travel up to 10 miles an hour for up to 10 miles on a single charge.
These beautifully designed motorized skates can support up to 275 lbs and are electrically supercharged by a lithium-ion rechargeable battery.
RocketSkates are the world’s smartest and most powerful electric roller skates. They connect to a robust mobile app with tons of features that can do. The app tracks usage and lets riders connect with each other in real time.
The skates can go up to 90 minutes per charge, and the scooter goes 3-5 hours. Each device is eco-friendly and designed for fun as well as functionality.
Faster models like the R6, R8, and R10 are perfect presents for skaters, and non-skater folks that are looking for environment-friendly modes of transport will appreciate having a pair too.
Acton was able to quickly raise a whopping $550,725 from 733 backers via a Kickstarter campaign in August 2014, that’s nearly ten times the amount of funds they needed for production.
What Happened To Acton Skates After Appearing On Shark Tank?
Acton Skates appeared on Shark Tank in season 7, where Peter Treadway pitched his company that manufactures “rocket skates” and M Scooters. Treadway started Acton with two successful Kickstarter campaigns, raising $71,982 to get the M Scooter rolling and $550,725 to fund the production of the Acton Rocket Skates.
Skates and scooters are electric personal transportation devices that use brushless hub motors for propulsion. The skates can go up to 90 minutes per charge, and the scooter goes 3-5 hours. However, Acton no longer sells electric skates and has rebranded itself as Acton Global.
They now focus on providing electric bikes and scooters to cities and large campuses, as well as selling electric skateboards.
Although Acton did not secure a deal on Shark Tank, the company has continued to grow and expand its product line. As of August 2022, Acton no longer sells its skates and has rebranded itself as Acton Global.
The company is now in the business of providing electric bikes and scooters to cities and large campuses, as well as selling electric skateboards.
What Happened To Acton Skates After Shark Tank?
Acton Skates appeared on Shark Tank in season 7, where Peter Treadway pitched his company that manufactures “rocket skates” and M Scooters. Although the company had two successful Kickstarter campaigns, it did not receive a deal on Shark Tank.
In the years since appearing on the show, Acton has rebranded as Acton Global and no longer sells electric skates. Instead, they focus on providing electric bikes and scooters to cities and large campuses, as well as selling electric skateboards.
As of August 2022, Acton no longer sells its skates, and the company’s net worth is $6 million as of 2023.
After appearing on Shark Tank, Acton continued to improve personal transportation. They launched electric skateboards, including the new BLINK S-R, which has improved braking and acceleration.
In 2018, Acton announced its ACE Eyewear, which are sunglasses with a built-in, hands-free camera so riders can take photos and videos while on their electric skateboards. Acton’s products are available to consumers for $400 for a pair of the most basic shoes.
What is the cost of Acton Skates?
The cost of paying for Acton skates is $499 to $699 per pair.
When did Acton Skates start selling its products?
Acton Skates started selling its products in 2014.
What are Rocket Skates?
Rocket Skates is a kind of skateboard that is powered by two brushless DC motors.
How do I charge Acton Skates?
One needs to plug the electric skate into a wall outlet and then click his or her heels.
The battery can reach a speed of 11 miles per hour and the travel time ranges from 25 to 100 minutes depending on the model of Rocket Skate One purchase.
How much is Acton Skates?
The price of Rocket Skates ranges from $499 to $699.
What is the range of Acton Skates?
Rocket skates can travel up to 10 miles per hour. The M Scooter can go up to 7 miles per hour.
How to use Acton Skates?
Using Acton Skates is easy – all you need to do is take the skate and strap it into your shoes. At that point, you can start skating at amazing speeds.
How heavy are Acton Skates?
Acton Skates are very lightweight. One can travel quite easily while wearing them.
Where was Acton Skates founded?
Acton Skates is based in Los Angeles, California.
How long does it take to learn how to use Acton Skates?
Learning how to use Acton Skates is not rocket science and within a couple of minutes, you can master it.
