GoGo Gear Shark Tank Net Worth 2023 | GoGo Gear Shark Tank Updates

GoGo Gear Shark Tank Net Worth

GoGo Gear appeared on Shark Tank in 2022 and had a valuation of $2 million. The founders, Arlene Battishill and Desiree Estrada, have a net worth of $3 million as of 2023.

Daymond John, one of the Sharks, has a net worth of $350 million. GoGo Gear did not receive the $300,000 they requested from Daymond on the show.

What is GoGo Gear and Who is the GoGo Gear’s founder?

GoGo Gear is a line of motorcycle clothing designed for women that combines fashion with safety. The garments are made from durable, abrasion-resistant materials and feature reflective fabrics to enhance visibility in case of an accident.

The company was founded by Arlene Battishill and Desiree Estrada, both of whom lost their jobs in corporate America in 2008.

Battishill had previously worked in the real estate industry for Brookfield Homes Southland, Inc. and later ventured into e-commerce. She now serves as the Chief Technology Officer for Voices Amplified.

GoGo Gear Shark Tank Pitch

After appearing on Shark Tank season 3 episode 10, Arlene Battishill and Desiree Estrada were able to secure a $300,000 investment from investor John Paul DeJoria in exchange for a 65% stake in GoGo Gear.

However, the negotiation was a challenge as the Sharks criticized the valuation of the company and questioned their future plans. While Daymond John served as an adviser, he did not invest in the company.

Due to the economic downturn at the time, the partners decided to reduce manufacturing and focus on retail sales. However, in 2021, GoGo Gear is still in business and making a profit of $3 million per year.

What is the Net Worth of GoGo Gear?

Arlene Battishill and Desiree Estrada appeared on Shark Tank season 3 episode 10 in search of $300,000 in exchange for a 15% stake in GoGo Gear. This equates to a $2 million valuation.

They accepted an offer from Daymond of $300,000 for 65% stake which brings valuation to be $461,538. The current valuation is higher since the Company has grown in sales.

Who are the Competitors of GoGo Gear?

GoGo Gear faces competition in its market space from the Companies such as;

Motochic, RevZilla, Corazzo Design and Yellow Jacket Bee.

GoGo Gear Shark Tank Updates

GoGo Gear is a company that makes fashionable women’s clothing designed to protect motorcycle riders. The clothing line includes hoodies and leggings that are lined with Kevlar and reflective safety straps that can be made visible easily.

The company appeared on Shark Tank in 2012, seeking a $300,000 investment from Daymond John in exchange for 65% equity.

However, the deal fell through due to the effects of the recession, which caused the industry that GoGo Gear provides products to literally implode with the company losing 8,000 out of 18,000 retailers in one year.

Despite not receiving the investment from Daymond John, GoGo Gear is still in business and doing well. The company’s annual revenues reached $7.48 million in 2021. As of 2022, the net worth of GoGo Gear is $7.5 million.

The company has a website and items available on Amazon.com to expand its business and deliver a refreshing, distinctive product to market.

In April 2020, the company announced that Arlene and Desiree would not be drawing salaries during the Covid-19 pandemic lockdowns which were particularly harsh in California. However, as of December 2022, they are still in business doing $3 million in annual revenue.

GoGo Gear Shark Tank Table summary:

TOPIC	INFORMATION
Company Name	GoGo Gear
Founders	Arlene Battishill and Desiree Estrada
Shark Tank Appearance	Season 3 Episode 10
Valuation on Shark Tank	$2 million
Offered Investment on Shark Tank	$300,000 for 65% stake (rejected)
Net Worth of Founders (2023)	$3 million
Current Net Worth of GoGo Gear (2022)	$7.5 million
Competitors	Motochic, RevZilla, Corazzo Design, Yellow Jacket Bee
Products	Fashionable and protective motorcycle clothing for women
Materials Used	Kevlar, CE-certified armor
Annual Revenue (2021)	$7.48 million

GoGo Gear FAQS

What Is GoGo Gear And How Does It Work?

GoGo Gear is a clothing retailer that offers protective clothing for motorcycle and scooter riders. The company was founded by Desiree Estrada and Arlene Battishill, who wanted to create a line of clothing that was both fashionable and protective.

The clothing is made from Kevlar, a heavy-duty plastic cloth that is primarily used for protection against knives and bullets. The Kevlar lining provides superior durability, making it perfect for riding on winding roads and dirt trails.

The clothing also features CE-Certified armor for the back, shoulders, and elbows, which is present in every specialty armored hoodie the brand offers.

GoGo Gear was featured on Shark Tank in 2012, where they agreed to a $300,000 investment from Daymond John in exchange for 65% equity. However, they never received the investment due to the effects of the recession, which caused them to lose 8,000 retailers in one year.

Overall, GoGo Gear offers a line of protective clothing that is both fashionable and functional for motorcycle and scooter riders. The clothing is made from durable materials and features CE-Certified armor for added protection.

Although they did not receive the investment they agreed to on Shark Tank, the company is still in business and selling their products online.

What Materials Are Used To Make GoGo Gear?

GoGo Gear uses a variety of materials to make their protective clothing. The outer layer of their Kevlar leggings is made of 100% abrasion-resistant polyester cotton fabric with 5% spandex, while the inner layer is made of 100% DuPont Kevlar fibers with a weight of 275gsm and 95% Kevlar with 5% spandex.

The leggings also feature CE-approved removable and adjustable knee protector pads. The protective jackets from GoGo Gear also feature CE-certified armor for the back, shoulders, and elbows.

The armored hoodies from the brand also feature CE-certified armor for the back, shoulders, and elbows, which are hidden from view for a sleek and chic look.

The brand uses Kevlar, a heavy-duty plastic cloth used primarily for protection against knives and bullets, for its superior durability. The clothing also includes reflective safety straps that can be made visible easily.

Who is the founder of GoGo Gear?

GoGo Gear was founded and by Arlene Battishill and Desiree Estrada.

What Was The Outcome Of The GoGo Gear Shark Tank Pitch?

During their Shark Tank pitch, GoGo Gear founders Desiree Estrada and Arlene Battishill sought a $300,000 investment in exchange for 15% equity in their company.

They showcased their fashionable line of protective clothing for women motorcycle riders, which included hoodies and leggings lined with Kevlar and CE-certified armor for the back, shoulders, and elbows.

Although the Sharks were impressed with their product, Daymond John was the only one to make an offer, agreeing to invest $300,000 in exchange for a 65% stake in the company.

However, the deal fell through due to the effects of the recession, which caused them to lose 8,000 retailers in one year.

Despite not receiving the investment, the company continued to grow and expand, with annual revenues reaching $7.48 million in 2021 and a net worth of $7.5 million as of 2022.

Did GoGo Gear Receive The Investment From Shark Tank?

No, GoGo Gear did not receive the $300,000 investment from Daymond John that was agreed upon during their Shark Tank pitch. According to Arlene Battishill, the deal fell through due to the effects of the recession, which caused them to lose 8,000 retailers in one year. Despite not receiving the investment, GoGo Gear has continued to grow and expand their business, with an annual revenue of $3 million as of December 2022.

What Happened To GoGo Gear After Its Appearance At The Shark Tank?

After their appearance on Shark Tank, GoGo Gear did not receive the $300,000 investment from Daymond John. The deal fell through due to the effects of the recession, which caused them to lose 8,000 retailers in one year.

However, the company continued to grow and expand their business, with an annual revenue of $7.48 million in 2021.

They are now exclusively selling their products in scooter and motorcycle stores in the United States and Europe. The company’s valuation was around $461,000 at the time of their Shark Tank appearance, but as of 2022, their net worth is $7.5 million.

Despite the setback, GoGo Gear has continued to thrive and innovate, with their protective clothing line designed to be both fashionable and functional for motorcycle riders.

How much were they seeking in the Shark Tank Pitch?

They requested $300,000 for 15% stake in the company.

Is GoGo Gear still in business?

With the market improving, they are resuming production of their GoGo Gear items and growing retail sales. The company has since grown in revenue and the Sharks assisted them to achieve this.

Profits are increasing! Fast forward to November 2021, and they are still in business, bringing in $3 million each year.

Where is GoGo Gear located?

Arlene Battishill, the company’s president and CEO, founded GoGo Gear in Los Angeles to provide stylish alternatives to standard riding gear for women.

When was GoGo Gear founded?

GoGo Gear was founded in 2009.

How can they get in touch with them?

Please contact Desiree at the following email address: desireeE@scooter-girls.com.

What methods of payment do they accepts?

They accept the following payment methods:

Visa, MasterCard and PayPal.

Where are GoGo Gear Shipped From?

Ships from Toronto, ON Canada. GoGo Gear Protective Leggings can be worn as a foundation layer beneath other clothing for further abrasion resistance.

Do GoGo Gear shipped internationally?

Yes, GoGo Gear does ship internationally.

What is their website?

GoGo Gear is available exclusively on the web at www.gogogearla.com.

What are their social media outlets?

GoGo Gear has active social media profiles, they can reached them on their Website, Facebook, Twitter and Instagram.