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 appearances were seeking for $250,000 in exchange for a 5% stake in his firm, which 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. 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 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 is jetski products to 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 operations |
Kymera Electric Body Boards FAQs
What is Kymera Electric Body Boards?
Kymera is an Irvine, California-based company that makes its own board. The board is a surfboard-style electric powered personal watercraft that’s lightweight and (relatively) affordable.
Who is the founder of Kymera Electric Body Boards?
Jason Woods founded the Kymera Body Board, a ground-breaking new way to ride waves using only your body.
How much was seeking on Shark Tank?
Jason was seeking for $250,000 for 5% equity share in his business.
Did Jason have the deal?
Yes, Jason Woods got the deal for $250,000 for 10% equity share of the company from Robert Herjavec.
Is Kymera Electric Body Boards still in business?
Yes, Kymera is still in business and is continuing to manufacture their boards.
How much is a Kymera Electric Body Board?
Currently, a Kymera Body Board will cost $3995.00 on the website.
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 to attain 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 does 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 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 body board?
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 does 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?
The 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.
