Hydroviv Shark Tank Net Worth
Hydroviv is a water filtration system company founded by Eric Roy. It had an estimated net worth of at least $5 million before appearing on Shark Tank. On the show, Eric Roy asked for a $400,000 investment from one of the sharks in exchange for a 10% stake in his firm, valuing it at $4 million.
What is Hydroviv and Who Founded Hydroviv?
Hydroviv is a company that specializes in manufacturing water filters that are specifically designed to remove harmful contaminants from local water supplies, such as lead, arsenic, and chlorine.
These filters are unique in that they do not remove essential minerals like calcium, magnesium, and potassium, which are beneficial for human health.
Hydroviv filters are easy to install and utilize a combination of filter media to address specific and unique pollution concerns in local water supplies. This is in contrast to conventional reverse osmosis systems that can be expensive to install and maintain.
The company was initially founded as a philanthropic effort by Roy, who is a self-described “water nerd.”
Roy recognized the dangers of contaminated water in Flint, Michigan long before it became a national issue, and started Hydroviv to provide free filters to residents of that area. This charitable effort continues to this day.
If you want to install one of these filters in your kitchen, it will cost you $224.99. Replacement filters can be purchased for $65, or $55 if you subscribe to their service. Before shipping, Hydroviv reassesses the local water quality to ensure that the filters will be effective in removing the specific contaminants present in that area.
Hydroviv was founded by Roy Eric and has since gained popularity for its innovative approach to water filtration and commitment to providing clean and safe drinking water to communities in need.
Hydroviv Shark Tank Pitch
During the Shark Tank pitch, Eric offered a 10% stake in his company for $400,000, giving the firm a $4 million valuation. Eric explained his firm’s history and distributed samples.
When questioned about why he required the funds, he stated that he needed to employ a full-time marketer. Mark questioned why he needed a marketer when Eric could do the marketing himself.
Rohan Oza, a guest shark, stated that the primary problem was that individuals were unaware of their water quality, and he was uncertain how to reach and engage with those individuals. Lori concurred, stating that the marketing message was unclear, and withdrew from the deal.
Mark believed that Hydroviv was selling trust, and Eric should be the one to reach out rather than hiring a marketer. The deal with Mark was not finalized, and Eric stated that the contract may not have been ideal for them.
Despite this, Kevin “Mr. Wonderful” O’Leary congratulated Hydroviv on its fifth anniversary, implying that Eric was still in touch with the Sharks.
After the pitch, Hydroviv’s sales increased, and the company anticipates surpassing its $1.7 million sales target for the year. As of June 2021, the firm is still operational and generating $1 million in annual revenue.
Hydroviv Net Worth
Eric comes in with a bid of $400,000 for a 10% stake in his firm. This brings the valuation to $4 million. He accepted an offer from Mark of $400,000 for a 20% stake thus bringing the valuation to $2 million.
Hydroviv Competitors
Hydroviv competes with other water filter manufacturers, including Brita and Pur.
Hydroviv FAQS
Who founded Hydroviv?
Hydroviv was founded by Roy Eric
What does Hydroviv do?
Hydroviv is a firm that manufactures water filters that are designed to remove certain contaminants from local water supplies, such as lead, arsenic, and chlorine.
The filters cannot remove “good” minerals such as calcium, magnesium, and potassium.
How much is Hydroviv costs?
It will cost them $224.99 to connect one of these filters to their kitchen sink. Replacement filters cost $65 or $55 if they subscribe to their service.
How Long Do Hydroviv Water Filter Cartridges Last?
Under typical conditions, 6 months (don’t worry, this includes the occasional usage of filtered water for things like washing dishes, hands, and so on).
If they have a big family or live alone, please contact and they will advise them on replacement intervals.
Does Hydroviv reduce water pressure?
Hydroviv’s point-of-use filtration systems are intended to filter the water in their house that is used for drinking, washing dishes, cooking, and bathing.
If they have a whole-house filter that eliminates sulphur, it will relieve some of the strain on their point-of-use system and help it last longer.
Does Hydroviv remove good minerals?
There is no reason for Hydroviv’s home water filtration systems to remove minerals like calcium and magnesium.
Does Hydroviv remove chlorine?
Fortunately, chlorine may be easily removed from tap water to enhance its flavor.
What type of filter is Hydroviv?
Undersink filters are one of the most effective methods of water filtration because they remove impurities at the point of usage.
Most undersink water filters, like Hydroviv’s, have a big enough surface area to allow for enough contact time with incoming water to allow for adequate filtering.
Does Hydroviv remove PFAS?
Hydroviv undersink filters outperformed major manufacturers including Brita, Pur, Whirlpool, Berkey, and ZeroWater in removing PFAS.
According to these findings, the systems efficiently filtered GenX and other PFAS under real-world situations for the whole 6 month filter lifespan.
Is Hydroviv still in business?
The firm is still in operation as of June 2021, with an annual revenue of $1 million.
What kind of filter is Hydroviv?
Undersink filters are one of the most effective methods of water filtration because they remove impurities at the point of usage.
How effective is Hydroviv?
It has 5.0 stars rating out of 5 in a couple of reviews , shows excellent company. Possibly the greatest filter on the market right now.
It was chlorine-free and did not reduce their water pressure as other filters did. It was simple to put together and properly matches their shower fixtures.
What is the price of Hydroviv?
At the moment, the Hydroviv brand provides: Filters for under the sink ($179.99) Filters for showers ($84.99) Filters for Refrigerator.
Where is Hydroviv from?
Flint, Michigan.
What Maintenance is recommended?
When changing the cartridge, they recommend cleaning the housing with dish soap.
They also recommend cleaning out the aerator on their faucet on a regular basis to guarantee that no unwanted material gets into touch with their filtered water.
Hydroviv is in which season of Shark Tank?
Dr. Eric Roy (a PhD scientist) of Hydroviv pitched his $224.99 product on Season 10 of the Shark Tank.
What are strengths of Hydroviv?
Great tasting water, removes PFAS and lead, certified by NSF42, BPA free.
Is Hydroviv a scam?
No, it is not a scam. Hydroviv is an actual product available to the public.
Who owns and runs Hydroviv?
Hydroviv is owned by Dr. Eric Roy.
How Long Does It Take to Replace a Cartridge?
About 45 seconds.
How easy are Hydroviv filters to install?
It doesn’t get much easier than this. Screw-on/screw-off connectors are used for all connections. There will be no cutting, drilling, or anything of the type.
What else are Hydroviv Filters capable of removing?
This is where the customization process comes into play, but the list includes arsenic, lead, chromium 6, volatile organic compounds (VOCs), PCBs, MTBE, mercury, cysts, pesticides, pharmaceuticals, petroleum-based chemicals, chlorine, chloramine, disinfection byproducts, PFOA, PFOS, PFAS, and many others.
What is net worth of Roy Eric?
Unknown.
