Hydroviv Shark Tank Update | Hydroviv after the Shark Tank Pitch
What is Hydroviv?
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.
Hydroviv filters attach quickly and employ a combination of filter media to cope with unique, local pollution concerns, unlike conventional reverse osmosis systems, which are expensive to install and maintain.
The firm began as a philanthropic venture. Roy, a self-described “water nerd,” foresaw danger in Flint, Michigan before it became a national topic.
He founded Hydroviv to give free filters to residents of that neighbourhood, an effort that continues to this day.
It will cost you $224.99 to connect one of these filters to your kitchen sink. Replacement filters cost $65 or $55 if you subscribe to their service.
To guarantee that the filters arrive in good condition, the local water quality is re-assessed before they are shipped.
Who Founded Hydroviv?
Hydroviv was founded by Roy Eric
What happen to Hydroviv at the Shark Tank Pitch?
Eric comes in with a bid of $400,000 for a 10% stake in his firm. This brings valuation to be $4 million.
While handing out samples, he describes his company and its history. When questioned why he needs the money, he replies he needs it to hire a full-time marketer.
Mark isn’t satisfied with that response and wonders what a marketing executive will do that Eric isn’t currently doing.
Shark as a guest According to Rohan Oza, the challenge he sees is that people may be unaware of the quality of their water, and he is unclear how to reach out to and engage with those individuals.
Lori appears to agree, adding that she believes the marketing message is very confusing and withdraws from the sale.
Mark believes that the true commodity that Hydroviv is selling is trust. However, he feels that, rather than engaging a marketing professional, the entrepreneur should be the one to attempt.
Hydroviv after the Shark Tank Pitch
The contract with Mark was never completed. “The agreement might not be the greatest thing for them,” Eric remarked.
But it appears Eric did not sever ties on Shark Tank, as Kevin “Mr. Wonderful” O’Leary congratulated Hydroviv on its fifth anniversary.
Hydroviv’s sales increased beyond the initial air date, and he anticipates that the firm will “smash” its $1.7 million sales target for the year.
The firm is still in operation as of June 2021, with an annual revenue of $1 million.
Hydroviv Net Worth
Eric comes in with a bid of $400,000 for a 10% stake in his firm. This brings valuation to be $4 million. He accepted an offer from Mark of $400,000 for 20% stake thus brining valuation to be $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.
