Waive Car Shark Tank Update

WaiveCar - an all-electric, free car-sharing service

DealNow:Out of BusinessAutomotiveSeason 9, Episode 7Santa Monica, CAby Zoni Honig and Isaac DeutschWebsite

What Happened to Waive Car After Shark Tank

Is Waive Car still in business? No — the company has shut down.

  • October 2019: ceased posting on social media.
  • The company was acquired by REEF in December, 2021 for an undisclosed amount.
  • By September, 2022, the WaiveCar domain redirects to REEFDRIVE.com.
  • The REEFDRIVE program ceased operations sometime in 2023.

Last verified Apr 1, 2026. Web-confirmed sources.

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The Waive Car Shark Tank Pitch

Zoni Honig and Isaac Deutsch of Santa Monica, CA pitched Waive Car on Shark Tank Season 9, Episode 7, which aired Sunday, October 29, 2017, asking for $500,000 for 2% of the company — a $25M valuation.

Kevin O'Leary agreed to invest $500,000 for 2% equity, valuing the company at $25M, structured with a $500,000 loan. The deal closed after the show.

Watch the Pitch

Pitch Details

Aired
S9E7Oct 29, 2017
Ask
$500,000for 2%
Ask Valuation
$25M

Deal Terms

Amount
$500,000
Equity
2%
Valuation
$25M
Loan
$500,000
Kevin O'LearyKevin O'Leary