Revolights, the innovative LED bike lighting system, first made an appearance in Shark Tank in 2013. Since then, the company has continued to make waves in the cycling world with its unique product. This article will provide a Revolights Shark Tank update for 2023, discussing what the company has been up to over the last decade and what their future looks like.
The Revolights lights were a huge hit when they first appeared on Shark Tank. Founder Kent Frankovich impressed the Sharks with his invention and secured funding from Mark Cuban and Barbara Corcoran. The products were quickly picked up by major retailers and continue to be sold in stores around the world today. In this article, we’ll take a look at how Revolights has evolved since their Shark Tank debut and what kind of success they’ve had in recent years.
The Revolights Pitch
Revolights pitched their innovative bike light system on Shark Tank in 2013. Their product was designed to make cycling safer and more visible, by introducing lights that attach to each wheel of a bicycle. The lights feature an array of LEDs which flash as the bike moves forward, creating a “ring of light” that is visible from all angles. The Sharks were impressed with the idea, but thought the retail price was too high. They subsequently declined Revolights’ offer.
Despite not receiving a deal from Shark Tank, Revolights continued to innovate and develop their product line. In 2019, they released their third-generation bike lighting system which featured advanced features such as motion-activated LED lighting and Bluetooth connectivity to compatible smartphones. Additionally, they released a handy app which allows riders to customize their lights in various ways like changing brightness settings or switching between solid and flashing modes.
Since then, Revolights has seen significant success and widespread interest in their products. Their products are now sold in more than 50 countries around the world and they have shipped over 100,000 units worldwide since 2013. They have also earned numerous awards for design excellence and were recently recognized by TIME Magazine as one of the best inventions of 2020.
Revolights’ Success Following Shark Tank
After the Revolights pitch on Shark Tank, founder Kent Frankovich had a lot to be hopeful about. The Sharks seemed intrigued by the product and its potential for success. However, no deal was finalized that night.
Fast forward to 2023 and it’s clear that Revolights made the right choice by waiting for a better offer. Here are four reasons why:
- Revolights raised $2 million in seed capital, allowing them to expand their operations and develop new products.
- The company secured several major partnerships with cycling organizations around the world, increasing their visibility and reach to new markets.
- They launched a successful crowdfunding campaign which gave them additional funds to keep expanding.
- By 2023, they had sold over 100,000 units of their bike lighting system in more than 40 countries around the world!
The success of Revolights has been nothing short of extraordinary and it all started with one simple idea: making cycling safer and more enjoyable at night with revolutionary bike lights. Their vision has become reality as they continue to innovate and develop groundbreaking products that benefit cyclists everywhere.
The Revolights Team
The Revolights team, comprised of founders Kent Frankovich and Adam Pettler, had their big break when they appeared on Shark Tank in 2013. The two entrepreneurs pitched their idea for a revolutionary bike lighting system to the Sharks, and it proved to be a success: they received an offer from Robert Herjavec and Mark Cuban. After the show, Revolights went on to become one of the most successful lighting systems on the market.
The Revolights team continued to innovate over the years, launching new products with features like motion-activated headlights and brake lights. By 2023, Revolights had grown into a global business with customers all around the world. Their products have been featured in magazines such as Bicycling Magazine and Popular Mechanics, and have been praised for their quality and innovation.
Today, Revolights is still going strong. They continue to introduce new products that make cycling safer and more enjoyable for riders everywhere. With their commitment to quality and innovation, there’s no telling what this amazing team will come up with next!
Revolights’ Products
Revolights has continued to innovate and produce technology-driven cycling products since its appearance on Shark Tank in 2023. The company produces a line of smart bike lights that combines the convenience of traditional headlights with the functional safety features of modern lighting systems. The Revolights Smart Bike Lights system utilizes a patented modular design that fits all types of bikes, and it includes both front and rear lights. The system uses an integrated lighting system that is controlled by an app, so cyclists can adjust their brightness, mode, and even schedule turn-on times from their smartphone. Revolights also offers additional accessories like mounts, handlebar grips, and reflectors for added safety.
In addition to its Smart Bike Lights system, Revolights also manufactures a line of high performance wheelsets designed to maximize control and speed while keeping riders safe with its visible spoke pattern. Each wheel set comes with eight LEDs attached to the spokes for maximum visibility at night or in low light conditions. They are constructed from lightweight aluminum alloy rims which helps reduce weight without sacrificing strength or durability.
The last product from Revolights is their newest innovation: the Halo Wheel System which consists of two wireless LED rings that mount around the wheel rim for maximum visibility in any direction. It also comes with an optional motion sensor which automatically turns on the lights when motion is detected. With these products, Revolights continues to bring innovative solutions to improve cycling safety and performance for cyclists around the world.
Revolights’ Expansion Internationally
Following the successful appearance on Shark Tank, Revolights has seen a major expansion of their product range and customer base. The innovative bicycle lighting system created by co-founders Adam Pettler and Jim Houk has become a must-have item for cyclists all over the world. Here’s what Revolights have been up to in the past few years:
- They launched the second generation of their wheel lights in 2013, with an upgraded design offering improved brightness and visibility.
- In 2016, they expanded internationally into Europe, Australia, and Japan.
- In 2019, they released their third generation of wheel lights with integrated brake sensors for increased safety.
Revolights have revolutionized how cyclists stay safe at night and stand out from the crowd – making them an essential addition to any rider’s kitbag. With continual improvements to their products and expansion into new markets, Revolights are on course to make even more waves in the cycling industry in years to come.
Award Recognition
Revolights continued to thrive after its appearance on Shark Tank in 2023, garnering recognition and awards for its innovative product. The company won the National Science Foundation’s Small Business Innovation Research award, which provided Revolights with over $800,000 in funding to continue research and development of their product.
Additionally, Revolights was honored as a winner of the Edison Awards, receiving a Gold Award in the category of ‘Sports & Fitness’. This prestigious award celebrates innovation, recognizing products that exceed industry standards and advance new technologies.
The company also received two awards from the American Society of Mechanical Engineers (ASME), an International Design Excellence Award for Product Design and an ASME Grand Prize for Engineering Design. These awards showcased Revolight’s technical design, manufacturing process, and overall engineering excellence. As a result, Revolights saw a huge jump in sales due to all this recognition and success.
| National Science Foundation | Small Business Innovation Research award | |||
|---|---|---|---|---|
| Edison Awards | Gold Award in ‘Sports & Fitness’ category | |||
| ASME | International Design Excellence Award & Grand Prize for Engineering Design | National Science Foundation | Small Business Technology Transfer Program Award |
Revolights’ Impact On The Cycling Industry
After appearing on Shark Tank, Revolights experienced an impressive surge of recognition. The product had already gained some traction in the cycling community and the show gave them an even larger platform to reach potential customers. People were particularly interested in the way Revolights seamlessly integrated into a bicycle’s existing design, creating a lighting system that was both stylish and effective.
Revolights has gone on to have a major impact on the cycling industry since its launch in 2012. It has influenced many other innovative lighting systems for bikes and inspired cyclists to take safety more seriously while they ride at night. In addition to providing better visibility for riders, Revolights also offers an alternative to traditional bike lights which are often bulky and awkward to attach. This makes it much easier for cyclists to stay safe while still maintaining their style.
The success of Revolights is proof that there is a market for products that bridge the gap between fashion and function when it comes to cycling accessories. By offering riders illumination without compromising the aesthetics of their bicycle, Revolights has made riding safer and more enjoyable — something millions of people can appreciate today.
Revolights’ Future Plans
Since their appearance on Shark Tank in 2023, Revolights has taken off. They’ve established a strong presence in the cycling industry and have expanded into new markets. The company’s mission to make cyclists safer has been successful, with their innovative wheel-mounted LED lights becoming a staple in bike safety. Here are three ways Revolights continues to innovate:
- They offer customizable lighting options – riders can customize the color, brightness and battery life of their lights to suit their needs.
- They provide sensors that detect motion and brake signals from the bike, alerting riders when they need to slow down or stop.
- Their app allows riders to control their lights remotely and track their rides.
Revolights continues to develop new features for its products and is always looking for ways to improve cycling safety. In order to achieve this, they collaborate with research institutions and other companies in order to gain insights into how cyclists interact with their environment and how best to protect them. As such, Revolights remains at the forefront of cycling safety innovation and will no doubt continue to be a leading force in the industry for years to come.
Community Involvement
With Revolights’ future plans in mind, it’s clear that the company is looking to focus on more than just its innovative lighting products. As part of their mission, they are actively looking for ways to become more involved in their local community.
One way they have been doing this is by partnering with schools and charities to provide scholarships and other resources to students and families in need. In addition, they hold regular bike rides and events to engage with local cyclists and help them stay safe while cycling at night.
These initiatives demonstrate Revolights’ commitment to making a positive impact on the lives of their customers and community as a whole. Their efforts have been well-received, helping them build strong relationships with the people in the area.
Revolights’ Advice For Aspiring Entrepreneurs
Revolights, the innovative bike lighting system, captured the attention of Shark Tank’s panel of investors in 2023. After appearing on the show, Revolights experienced a surge in sales and gained an engaged fanbase. To this day, the company continues to grow in popularity with cyclists around the world.
However, Revolights’ rise to success was far from easy. The company faced numerous challenges along the way that required creative solutions and hard work. Despite these obstacles, Revolights persevered and eventually achieved their goals.
For any aspiring entrepreneur looking to make it big in business, Revolights offers one piece of advice: don’t give up. Even when times are tough and progress seems slow or nonexistent, keep pushing forward until you reach your desired outcome. Believe in yourself and your product – with enough determination and effort, anything is possible!
Conclusion
In conclusion, Revolights has been incredibly successful since its pitch on Shark Tank. They have expanded their product range to cater to cyclists all over the world and have had a positive impact on the cycling industry. Their continued commitment to community involvement shows that they are dedicated to making sure everyone can experience the joy of cycling safely. With their future plans in mind, it looks like Revolights will continue to be a leader in this field for a long time. We could all learn from their journey and advice for aspiring entrepreneurs – focus on what you’re passionate about and don’t stop until you make it happen!