Kymera Electric Body Boards Net Worth
Kymera Electric Body Boards had a net worth of $5 million when it appeared on Shark Tank in 2022.
The company was seeking a $250,000 investment in exchange for 5% equity[3]. As of 2023, the net worth of Kymera Body Boards is estimated to be $5 million.
The boards cost $3200 for the complete basic package, but the price has since gone up to $4399. Lifetime revenues are estimated to be around $5 million.
What are Kymera Electric Body Boards and Who is the founder of Kymera Electric Body Boards?
Kymera Electric Body Boards are innovative surfboards that are powered by electricity and come equipped with rechargeable batteries. These boards offer an affordable alternative to jet skiing and allow people to ride waves using only their bodies.
The founder of Kymera Electric Body Boards is Jason Woods, who hails from Napa and is an avid beachgoer. Woods observed that not everyone could afford to rent expensive equipment for surfing and decided to create a more accessible product.
He attended a modern technology high school, which sparked his interest in product design.
To pursue his vision, Woods spent five years working on the Kymera Body Board and supported himself financially by working as a light and video engineer at corporate events. Eventually, he founded Kymera Body Board and began offering an affordable personal watercraft that is lightweight and easy to transport.
Although the Kymera Body Board campaign fell short of its $250,001 Kickstarter target, Woods was able to raise around $165,000. The board is a steal at $3,500, especially when compared to jet skis which can cost upwards of $20,000. The batteries can be charged with an optional solar charger, making it perfect for a day at the beach or lake.
Kymera Electric Body Boards are available for pre-order on the company’s website prior to the original air date.
What Happened to Kymera Electric Body Boards at Shark Tank Pitch?
On November 1, 2013, Jason Woods pitches his ultra-cool personal watercraft, the Kymera Body Board, on Shark Tank episode 507.
Woods was looking for assistance from a Shark to get manufacturing started and to raise publicity for the product.
Jason entered the Shark Tank seeking $250,000 in exchange for a 20% stake in his firm valued at $1.25 million and exited without a deal.
In episode 1020, Kymera receives a second shot in the Tank. Jason’s second appearance was seeking $250,000 in exchange for a 5% stake in his firm, which is worth $5 million.
The Sharks remember him, and he makes no attempt to conceal his initial encounter in the Tank. He informs the Sharks that he has heeded their recommendations and made significant improvements to his business. In addition to Body Boards, he now manufactures electric kayaks and surfboards.
Jason ultimately went “all in” with his firm, quitting his job and hiring Adam Majewski (who will be onstage alongside him) to oversee operations.
This time around in the Tank, the product is not a prototype, but a fully functional model that is now being sold. Jason also customized the power plant for use on different types of watercraft.
Jason has invested over $600,000 in the firm since his last visit, and he recently negotiated a contract with a prominent boat manufacturer. Jason reports that sales are brisk. He requires a Shark to assist him in maintaining inventory. The sharks are biting this time.
Kevin offers $250,000 in exchange for 5% equity and a $500 per board royalty until he recoups the $750,000.
Daymond offers $250,000 in exchange for 10% equity and states that he would assist with production and licensing.
Robert feels they need additional money and offers $500,000 for 10% equity shares, Jason accepts and exited the pitch with a deal.
What Happened to Kymera Electric Body Boards after Shark Tank?
Since its debut, the Kymera Body Board has been in limited production on a “pre-order” basis for delivery in August 2015.
The price of the item has been raised to $2995. We’ll have to wait and see whether Kymera delivers!
As of 2016, pre-orders for the boards are available for $3750. Additionally, Kymera is looking for rental operators.
As of early 2019, they do not sell directly to consumers via their website, but they do sell through seven retail marine stores and 36 worldwide wholesalers.
That might change, as Jason makes a SECOND Participation in the Tank in episode 1020, five years after his initial appearance.
The deal with Robert has never been completed following his season ten participation. The good news is that the boards are now available for $3995.00 on the website.
Additionally, they are accepting “reservation requests” for electric kayaks, surfboards, and personal watercraft. Jason seemed to have truly learned his lesson!
There are 23 dealerships worldwide as of November 2021. Additionally, the items may be ordered directly from the company’s website. As of January 2022, the company is still operating with yearly sales of $5 million.
Competitors of Kymera Electric Body Boards
The biggest competitor of Kymera Electric Body Boards manufactures electric watercraft jetski products for individuals and commercial rental operations as well.
Net Worth of Kymera Electric Body Boards
The company valuation was $5 million during and after the pitch. The company has an estimated net worth of $7.5 million.
Kymera Electric Body Boards Shark Tank Episode Summary
| Company/Product | Kymera Electric Body Boards |
| Shark Tank Episode | Shark Tank Season 5 Episode 7 |
| Founder & Entrepreneur | Jason Woods |
| Amount Asked For | $250,000 for a 5% stake in the business |
| Deal: Accepted Offer | $250,000 for a 10% stake in the business |
| The Shark Investor | Robert Herjavec |
| Business Net Worth | $0.25 million valuation |
| Business Status | The business is no longer in operations |
Kymera Electric Body Boards Shark Tank Updates
Kymera Body Boards is a company that produces electric body boards that run on rechargeable batteries and can carry a rider weighing up to 225 pounds. The boards are capable of reaching speeds of up to 15 miles per hour. The company appeared on Shark Tank twice, in season 5 and season 10.
During the season 10 episode, the company was seeking a $250,000 investment in exchange for 5% equity. Robert Herjavec offered $500,000 for 10% equity, which the entrepreneurs accepted. However, it appears that Robert never finalized his offer with Kymera after the episode aired.
Despite not securing a deal with the Sharks during their first appearance, Kymera Body Boards continued to grow. The company made $350,000 in a year and projected $20,000,000 by the end of the year during the season 10 episode.
As of 2023, the boards are available for purchase on the company’s website for $3,995. The company is also taking “reserve orders” for electric kayaks, surfboards, and personal watercraft.
Kymera Electric Body Boards FAQs
What Is Kymera Electric Body Boards?
Kymera Electric Body Boards are electric-powered bodyboards that provide a sustainable alternative to jet skis. The world’s first electric bodyboard is made of anodized aluminum components, stainless steel, and rotomoulded high-density polyethylene that is impact-resistant.
It is powered by a lithium-ion battery and features an easy-to-use throttle that accelerates gradually when the trigger is pressed. The board is ergonomically designed, with neoprene cushioning placed strategically on the deck for a comfortable grip and respite from the otherwise hard surface.
Kymera Electric Body Boards are popular among water sports enthusiasts and have received positive reviews. They are sold with a standard Kymera battery, a battery transport case, a fast charger, and a padded carrying bag. The boards are available for purchase on the Kymera website and other online retailers.
Who Is The Founder Of Kymera Electric Body Boards?
Jason Woods is the founder of Kymera Electric Body Boards. He started the company in 2011 on the California coast. Woods noticed that conventional watercraft came with obstacles that prevented people from having fun on the water without all the hassles and expenses associated with them.
To solve this problem, he developed the world’s first and only electric-powered bodyboard called the Kymera Body Board. This product is affordable, light enough to carry, and easy to transport.
Kymera Body Board appeared on Shark Tank twice, in season 5 and season 10. In season 5, Woods pitched his ultra-cool personal watercraft called the Kymera Body Board, but he did not get a deal. In season 10, Robert Herjavec offered $500,000 for 10% equity, and the pair quickly agreed to Robert’s offer.
However, it appears that Robert never finalized his offer with Kymera after the episode aired. As of 2023, Kymera Body Boards has been successfully growing, with more than $5 million in sales annually, and the product can be purchased online on the company’s website.
How Much Was Kymera Electric Body Board Seeking On Shark Tank?
Kymera Electric Body Board pitched to the sharks on Shark Tank, seeking a $250,000 investment in exchange for 5% equity.
The entrepreneurs stated that the cost of manufacturing a single unit was around $1,800, while they could sell it to customers for $3,500. Robert Herjavec made an offer of $500,000 for 10% equity, which the entrepreneurs accepted.
However, after the episode aired, Robert did not follow through with his offer. In a subsequent appearance on Shark Tank in 2019, Jason Woods revealed that Kymera had become a company that had generated $350,000 in sales for the year to date, with an estimated $2 million in annual sales.
It is unclear whether the company received investment from other sources after its appearance on Shark Tank.
Did Jason Get The Deal In Kymera Electric Body Boards?
Yes, Jason Woods did eventually get a deal for Kymera Electric Body Boards on Shark Tank. In his first appearance on the show in 2013 (season 5), he did not receive a deal from the sharks, but their advice helped him change his approach to bringing Kymera to market.
However, in his second appearance on the show in season 10, he received an investment of $500,000 for 10% of the equity from shark Robert Herjavec.
What Happened To Kymera Electric Body Boards After Shark Tank?
Kymera Body Board is a personal watercraft that was pitched by Jason Woods on Shark Tank episode 501 on November 1, 2013. The product is a lightweight electric jet body board that allows users to surf on water.
During the episode, Jason asked for $250,000 in exchange for 20% of his business. Unfortunately, none of the Sharks made a deal with him.
However, Jason did not give up on his product. He made some drastic changes to the product and tried again on Shark Tank season 10. This time, he received three offers and accepted Robert Herjavec’s offer of $500,000 for 10% equity. Despite the fact that Robert never finalized his offer with Kymera after the episode aired, the company is doing fairly well. Kymera Body Board has been successfully growing, with more than $5 million in sales annually. The product can be purchased online on the company’s website for $3,995.
Kymera Body Board has expanded its product line to include kayaks, surfboards, and personal watercraft. The company is also making robots, and its robot Tracer will be featured in an upcoming episode of Battlebots.
Is Kymera Electric Body Boards Still In Business?
Yes, Kymera Electric Body Boards is still in business. The company sells electric-powered bodyboards, kayaks, surfboards, and personal watercraft. As of 2022, Kymera has 23 dealerships worldwide and accepts pre-orders for its products. The pre-order price for the body boards was $3750 in 2016. Kymera generates annual revenue of $5 million.
Kymera Electric Body Boards appeared on Shark Tank in 2018 and received an offer from Robert Herjavec for $500,000 for 10% equity. However, it appears that the deal was never finalized. Despite this setback, the company has been successfully growing and its products can be purchased online.
As of 2023, Kymera Electric Body Boards is still in business and has a Kickstarter campaign for its jet-powered body boards. The company is offering the first 25 body boards at a discounted price of $2250.
How Much Did Kymera Body Boards Make After Appearing On Shark Tank?
Kymera Body Boards made $350,000 in a year after appearing on Shark Tank, and the company projected $20,000,000 by the end of the year while the season 10 episode was being taped.
The company had a net worth of $5 million when it appeared on Shark Tank in 2022, and its net worth is estimated to be $7.5 million as of 2023.
During the pitch, the company was seeking a $250,000 investment in exchange for 5% equity, but Robert Herjavec offered $500,000 for 10% equity, which the entrepreneurs accepted. However, it appears that Robert never finalized his offer with Kymera after the episode aired.
What Is The Current Price Of Kymera Electric Body Boards?
Kymera electric body boards are available for purchase in the United States for under $4,000. However, the Kymera website lists the regular price of the electric jet bodyboard as $5,799.00.
It is unclear whether the price listed on the Kymera website includes additional features or accessories. A review indicates that the Kymera electric jet bodyboard is fairly priced compared to other electric surfboards and efoils, which cost between $8,000 and $12,000.
It is important to note that some customers have reported issues with the Kymera electric jet bodyboard and with Kymera’s customer service.
Some customers have reported damaged batteries after use in rough or weeded water, and some have reported that Kymera does not meet certain safety standards. Additionally, some customers have reported poor customer service and unresponsive or unethical behavior from Kymera’s CEO.
What colors does the Kymera Electric Body Board come in?
The Kymera Electric Body Board comes in two colors, blue and white.
What is the Kymera Electric Body Boards’ top speed?
The pace is determined by the rider’s weight, riding conditions, whether the water is salt or fresh, and a variety of other factors. Kymera can attain speeds of up to 20mph on average.
This figure is based on a cyclist weighing less than 175 pounds. With a rider weighing 200 pounds, users may anticipate attaining speeds of up to 13 miles per hour.
Do Kymera Electric Body Boards provide worldwide shipping?
They export solely to countries in which we have distributors. This enables them to maintain and service the boards. To view the countries into which they sell.
Is Kymera Electric Body Boards possible to travel with my Kymera?
The Kymera Body Board may be checked in as an oversized bag/luggage with most airlines. However, airplanes cannot transport lithium batteries.
Additionally, if customers choose to go with the battery, then must drive it there. A particular certificate/license is required to ship a lithium battery via airline or freight, which Kymera possesses.
How long do Kymera Electric Body Boards take for the battery to charge?
If the battery is completely depleted, it will take roughly 2 hours to recharge using their optional quick charger; otherwise, it will take approximately 8 hours.
How much weight can Kymera Electric Body Boards carry?
Kymera can support up to 200 lbs.
How long is the Kymera Electric Body Boards warranty valid?
Their warranty is non-transferable and is valid only in the nation from whence the board was purchased. Boards purchased and used in rental operations are not covered by a warranty.
How much does Kymera Electric Body Boards cost to rent an electric bodyboard?
And it’s not quite as pricey as they anticipated, with a current retail price of $1,900. That is absolutely not inexpensive.
However, they’ve never ridden electric surfboards or e-foil boards that were less than $5,000. Thus, when it comes to electric water activities, everything is relative.
How quickly do Kymera Electric Body Boards travel?
As users reach a top speed of 10 mph, the water glides softly over their skin, cooling them off while heating up their summer.
What is the net worth of Kymera Electric Body Boards?
Their net worth of Jason is $7.5 Million.
What is the net worth of Jason Woods?
The net worth of Jason Woods is estimated at $1.6 million.
