Smart Wheel Shark Tank Update
The Smart Wheel - Automotive
What Happened to Smart Wheel After Shark Tank
Is Smart Wheel still in business? No — the company has shut down.
- Deal with Mark Cuban and Robert Herjavec for $100K/30% never closed
- Created by teenage inventors 'The Inventioneers'
- Deal fell through due to licensing disagreements
- Never moved past prototype stage
- No active website as of 2023
Last verified Apr 1, 2026.
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The Smart Wheel Shark Tank Pitch
Smart Wheel, from Londonderry, NJ, pitched on Shark Tank Season 4, Episode 16, which aired Friday, February 15, 2013, asking for $100,000 for 15% of the company — a $666,667 valuation.
Mark Cuban and Robert Herjavec teamed up and agreed to invest $100,000 for 30% equity, valuing the company at $333,333. The deal fell through after the show. Could not agree on licensing terms with sharks post-show.
Watch the Pitch
Pitch Details
- Aired
- S4E16Feb 15, 2013
- Ask
- $100,000for 15%
- Ask Valuation
- $666,667
Deal Terms
Terms agreed on air. The deal did not close.
- Amount
- $100,000
- Equity
- 30%
- Valuation
- $333,333
Mark Cuban
Robert Herjavec