Sway Motorsports Shark Tank Update

Automotive

Fell ThroughNow:Out of BusinessTechnologySeason 6, Episode 29Palo Alto, CAby Joe WilcoxWebsite

What Happened to Sway Motorsports After Shark Tank

Is Sway Motorsports still in business? No — the company has shut down.

  • Appeared on Season 7, no deal made
  • Three-wheeled electric vehicle/trike
  • Manufacturing and regulatory challenges proved insurmountable
  • Could not secure sufficient funding to bring to market at scale
  • Company ceased operations

Last updated Sep 7, 2026.

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The Sway Motorsports Shark Tank Pitch

Joe Wilcox of Palo Alto, CA pitched Sway Motorsports on Shark Tank Season 6, Episode 29, which aired Friday, May 15, 2015, asking for $300,000 for 10% of the company — a $3M valuation.

Mark Cuban agreed to invest $300,000 for 20% equity, valuing the company at $1.5M. The deal fell through after the show.

Pitch Details

Aired
S6E29May 15, 2015
Ask
$300,000for 10%
Ask Valuation
$3M

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$300,000
Equity
20%
Valuation
$1.5M
Mark CubanMark Cuban