Brake Free Helmet Light Shark Tank Updates | What Happened to Brake Free Helmet Light after Shark Tank?
What is Brake Free Helmet Light?
Brake Free is a removable helmet device meant to make riders more visible and safer on the road. Brake Free detects when a bike’s speed reduces and is wireless, app-free, and simple to install on most helmets.
Because the components are removable, they may be utilized by numerous helmets or users. Henry Li and Alexander Arkhangelskiy, two motorcycle aficionados, invented Brake Free.
Li formerly worked as a mechanical Engineer for a number of firms, including Wolfe Engineering, zSpace 3D, Fitbit, and castAR.
Arkhangelskiy had previously worked for Parrot Cellular, EGO Boutique, and AT&T before putting his degree in business to use when they launched their own firm.
Who is the founder of Brake Free Helmet Light?
Henry Li and Alexander Arkhangelskiy, two motorcycle aficionados, founded Brake Free. While working for a Silicon Valley tech entrepreneur, Li had the concept.
As an ardent motorcycle rider, he is worried about safety; therefore he assembled a team to assist in the development of the device. In 2014, the first prototype was completed.
The helmet is at eye level for other drivers, which makes Brake Free safer than standard motorbike lights. The brake lights on motorcycles are too low and too tiny.
When braking or decelerating, the lights, which are actually a series of miniature LED lights, get brighter. The light attaches to the rear of any motorbike helmet, so no other equipment is required.
It’s a completely wireless gadget that “knows” when to light up thanks to “gyrometers and accelerometers with a strong and unique braking detection algorithm,” according to Li. In other words, it’s an intelligent brake light.
The firm truly took off in April of 2017 with a $259,797 IndieGoGo campaign. Manufacturing and shipping challenges caused some pre-orders to be delivered as late as spring 2020.
They’ve subsequently straightened things out, and Brake Free is now available for $169.99 on their website. They also provide a variety of accident protection programs.
What Happened to Brake Free Helmet Light at Shark Tank pitch?
In Shark Tank episode 1125, Henry Li and Alex Arkhangelskiy aim for a deal for Brake Free, their smart LED brake light for motorcycle helmets.
Given their struggles with manufacturing, they are looking for a Shark who can assist them in navigating that area of the business.
Henry and Alex appear on Shark Tank in seeking $200,000 in exchange for 10% stake of their firm, which worth $2 million.
They present their narrative, make their case, and then distribute samples. They inform the Sharks of their IndieGoGo sales and expenses. Each unit costs $43 to produce and sells for $169. They want the Shark money to help them scale up.
Barbara tells the lads that she should be clutching at this because her brother was paralyzed after being struck by a truck on his motorbike, but she doesn’t believe they’ll be able to sell it; she’s out.
Lori likes the product, but she doesn’t invest in things with a high risk of responsibility, so she’s out.
Robert believes it is a fantastic concept and has offered $200,000 for 20% equity shares.
They want to hear from Mark, and Robert is irritated. The men ask whether Mark and Robert would want to collaborate, and the Sharks agree.
The men ask whether Mark and Robert would want to join, and the Sharks agree and they make a deal with Mark and Robert for $200,000 for 20% equity shares and they exited the pitch with the deal from two Sharks.
What Happened to Brake Free Helmet Light after Shark Tank?
After the gentlemen exited the pitch with the deal from two Sharks, the deal with Mark and Robert never concluded when the gentlemen fled the pitch with the deal from two Sharks. The money was unnecessary for the boys.
They sold over 7000 pieces to the tune of over $1 million in sales as of June 2021 (six months after broadcasting in December 2020).
They are now selling in the United States, but they hope to become a global brand in the future. As of January 2022 the company is still in business with annual revenue of $3 million.
Net Worth of Brake Free Helmet Light
The company valuation was $2 million during the pitch, since then the company is still operating as of January 2022 with annual revenue of $3 million and hence the company net worth had elevated.
Brake Free Helmet Light FAQs
What is Brake Free Helmet Light?
Brake Free is a removable helmet device meant to make riders more visible and safer on the road. Brake Free detects when a bike’s speed reduces and is wireless, app-free, and simple to install on most helmets. Because the components are removable, they may be utilized by numerous helmets or users.
Who is the inventor?
Henry Li and Alexander Arkhangelskiy, two motorcycle aficionados, invented Brake Free.
How much were they seeking on Shark Tank?
They were seeking for $200,000 in exchange for 10% stake of their company, which was worth $2 million.
Did they have the deal?
Yes, they did. They exited the pitch with a deal from Mark Cuban and Robert Herjavec.
How much did they invest?
They invested $200,000 for 20% equity stakes of the company, but they never closed the deal.
Is Brake Free Helmet Light still in business?
Yes, Brake Free is still in business as of January 2022.
How much revenue Brake Free Helmet Light?
They generated $3 million in sales as of January 2022.
Where is Brake Free Helmet Light located?
They are based in San Francisco, California.
What is Brake Free Helmet Light website?
Their website is http://www.brakefreetech.com/
Does Brake Free Helmet Light really work?
Yes, they are operational as a product and are being sold successfully.
Is Brake Free Helmet Light shipping?
Yes, they ship all over the world.
What is the price of Brake Free Helmet Light?
The retail price of Brake Free Helmet Light as of January 2022 is $169.
Where do I find Brake Free Helmet Light?
Their product is sold on their website and Amazon.
What does the Brake Free Helmet Light headset look like?
The headset consists of three buttons, and it is easily attached to any helmet with a rear vent. The buttons are used to release the brake light from the helmet and to change colors between red, yellow, and green (the colors indicate how much braking your bike is doing).
What is the mechanism of Brake Free Helmet Light?
There are three buttons on the headset, which are used for releasing of brake light and changing colors.
How does the Brake Free Helmet Light work?
Brake Free is a high-intensity smart LED brake light that rapidly increases visibility on a motorbike. It attaches to the rear of the existing helmet, and its sensors automatically notify others anytime they slow down braking, engine braking, or downshifting. Brake Free is now available for purchase!
What does it indicate when Brake Free Helmet Light illuminates?
When the brake light illuminates, it means that the vehicle is either low on braking fluid, the emergency brake has been engaged, there is a problem with the ABS unit, or there is an issue with the sensors. Most automobiles feature a sensor that detects whether or not the parking brake is applied.
How do I pay for Brake Free Helmet Light?
Customers can pay for it using credit cards, PayPal, and bank transfers.
Where are the founders now?
Henry Li, who has a technical background, is the co-founder of Brake Free Helmet Light. Alexander Arkhangelskiy, who has an advertising background, is the co-founder of Brake Free Helmet Light.
How much does Henry Li worth?
As of January 2022 Henry Li net worth is not available.
How much does Alexander Arkhangelskiy worth?
As of January 2022 Alexander Arkhangelskiy net worth is not available.