Coolpeds Shark Tank Update
Electric scooters
What Happened to Coolpeds After Shark Tank
Is Coolpeds still in business? No — the company has shut down.
- He raised $43,000 and change and never delivered a single bike.
- IndieGoGo has now banned Chan from using their site.
- Four backers eventually received bikes in 2019, but they were defective to the point of being unsafe to ride.
Last updated Sep 7, 2026. Web-confirmed sources.
Get updates on Coolpeds
The Coolpeds Shark Tank Pitch
Coolpeds, from Los Angeles, CA, pitched on Shark Tank Season 9, Episode 23, which aired Sunday, February 18, 2018, asking for $250,000 for 5% of the company — a $5M valuation.
Coolpeds left the Tank without a deal.
Watch the Pitch
Pitch Details
- Aired
- S9E23Feb 18, 2018
- Ask
- $250,000for 5%
- Ask Valuation
- $5M