Guardian Bikes Shark Tank Update| Guardian Bikes after the Shark Tank Pitch
What is Guardian Bikes?
Guardian Bikes is a cutting-edge and safe braking device that keeps bicycles safe from serious accidents.
SureStop technology has shown to be safe and useful for both children and adults riding bicycles.
The business developed a braking mechanism that is installed on their bikes to prevent wheel lock and falls over the handlebar.
Other ergonomic design features contribute to their capacity to keep riders safe.
After the founders’ grandpa injured many vertebrae in a cycling accident, Brian Riley and Kyle Jansen developed the patented SureStop braking mechanism.
To prevent brake-related accidents, the SureStop braking system employs one lever instead of two, and operates by first applying braking to the rear wheel and then dynamically applying it to the front wheels.
Guardian Bikes, based in Irvine, California, was formed in 2015 with the goal of creating safe bicycles for children aged six to twelve years old that used their patented SureStop braking technology.
Who Founded Guardian Bikes?
Brian Riley and Kyle Jansen are the founders of Guardian Bikes.
What happen to Guardian Bikes at the Shark Tank Pitch?
There are three models to choose from. A single-speed, twenty-inch bike costs $319. The price of a twenty-inch six-speed bike is $399, and a twenty-four-inch seven-speed bike is $419.
The SureStop braking system is standard on all models and comes “99 percent assembled.”
Brian and Kyle are looking for $500,000 for a 10% stake in their company.
They relate their narrative and demonstrate how the brake mechanism works to the Sharks.
Mr. Wonderful wonders why they went into bike production rather than just licensing the technology. Chris Sacca likes it.
Barbara is the first Shark to leave; she believes they are in need of a skilled salesperson.
Kevin offers $500,000 in exchange for 20% of the business if they stop making bikes.
Kevin leaves when Brian and Kyle turn their attention to the other Sharks.
Chris and Lori are the next to arrive.
Mark makes a $500,000 offer with three conditions: the technology is unique, they meet sales targets, and they hire an in-house public relations expert. They agree!
Guardian Bikes after the Shark Tank pitch
The Guardian Bikes look to be in great shape. Guardian Bikes now has a much stronger internet presence thanks to a financial infusion from Mark Cuban and the hiring of a public relations specialist.
The agreement with Mark was completed, and Guardian achieved its objectives.
The company is up for business and doing well as of May 2021.
They haven’t ventured into the adult bicycle market yet. The annual revenue is estimated to be approximately $1 million.
Guardian Bikes Net Worth
During the Shark Tank, Guardian Bikes values their business at $5,000,000 and accepted an offer of $ 500, 000 for 15% ownership. This brings the valuation to be $3,333,333.
Guardian Bikes Competitors
There are two competitors in the field of children with bicycling safety.
The Guardian Bikes will be competing against the creator of the Bicycle Anti-Panic Device and the Torker Bicycle Brake.
The Bicycle Anti-Panic Device will attach to any bike and when a rider is about to fall, they can push a button on it and with its automatic braking system, it will slow down and reduce pain in an imminent accident.
Guardian Bikes FAQS
Is Guardian Bikes really safer than traditional bicycle safety devices?
Yes, their technology is much safer than other bicycle safety devices.
Are they different from other children’s safety devices?
They are similar to the ones that are available in the market for adults, but one additional safety feature Guardian Bikes has is Sure Stop technology.
This new braking mechanism is a revolutionary braking technology that prevents wheel lock and falls.
Who is their main investors?
They have already secured investment from Mark Cuban.
Where can they buy Guardian Bikes?
You can purchase them from their official website; www.guardianbike.com .
Where can they contact Guardian Bikes?
You can contact Guardian Bikes via email at [email protected] or head over to their website at www.guardianbike.com . You can also follow them on Facebook and Twitter.
What’s the strongest bike in Guardian Bikes?
It is the twelve-speed model because of its larger wheels and stronger frame.
Do they have any distributors?
Because we believe we can provide a better experience to our clients, we only sell our bikes on our website and on Amazon.
We created RideSizer, a technology on our site to assist parents in selecting the appropriate size.
Is it possible to put training wheels on the bikes?
Our 16-inch, 20-inch, and 24-inch bikes lack a long enough back axle to accommodate normal training wheels.
Because we think there is a better and faster way to educate youngsters to ride a bike, our bikes were built to not operate with typical training wheels.
Do they sell adult bikes?
We are currently 100% focused on selling children’s bikes.
Is it possible to put fenders on the bike?
The majority of fenders will not fit on our bicycles. This is due to the fact that all of our motorcycles have “micro brakes.” We may utilize a brake lever that is simpler to reach for your child’s hands by employing little brakes.
Is there a kickstand on the bikes?
Yes, all of our bicycles come equipped with a high-quality alloy kickstand.
Are Guardian bikes successful?
Guardian bikes are already successful and they’re undergoing an upward trend. It is estimated that their annual revenue is $1,000,000.
Are they manufactured in the USA?
All of their products are made in America. This reduces shipping costs and increases the quality of the product.
Are Guardian bikes available in Canada?
Is the SureStop braking system really better than hand brakes?
Yes! Guardian Bikes can stop within 4 feet with the SureStop that is activated by a foot-operated lever under the seat.
Do Guardian bikes have pedal brakes?
Yes, all Guardian bikes have pedal brakes.
Does the SureStop technology have potential to be applied to adult bikes?
Yes, with further development Guardian Bikes can provide adult bikes that are safer.
Who founded Guardian Bikes?
Brian Riley and Kyle Jansen are the founders of Guardian Bikes.
Is it possible for me to return the bike quickly?
Without a doubt! We welcome returns up to 100 days after purchase, even though 98 percent of our clients keep the bike.
If you need to return the bike, we’ll provide you instructions on how to pack it and arrange for FedEx to pick it up from your home.
Guardian Bikes is responsible for any returns.