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Action Rocket Skates Net Worth
Acton was valued at $28.6 million when Peter pitched in 2015. Despite no deal, the company's strategic pivot and expansion transformed it significantly. As of 2024, Acton Global's estimated net worth is approximately $50 million, with presence in over 100 cities and strong revenue growth driven by electric bikes and scooters rather than the original skates.
Peter Treadway pitched Acton Rocket Skates on Shark Tank Season 7 in 2015, seeking $1 million for 3.5% equity, valuing his company at $28.6 million. Acton produces electric personal transportation devices, including Rocket Skates and M Scooters, designed for urban commuters.
Treadway funded Acton through two successful Kickstarter campaigns that raised over $622,000. By the time he pitched, Acton had achieved $2 million in sales by mid-2015 and aimed for $20 million that year.
The Rocket Skates offered up to 90 minutes of battery life per charge, while the M Scooter lasted 3-5 hours. Both featured brushless hub motors and a companion app for tracking usage and connecting riders.
Kevin O’Leary made the only offer—$1 million for 15% equity. Treadway countered, wanting higher equity, and no deal was struck. Mark Cuban, Lori Greiner, Robert Herjavec, and Ashton Kutcher all passed.
Despite the rejection, Acton thrived independently. In 2022, the company rebranded as Acton Global and shifted focus from electric skates to electric bikes, scooters, and skateboards. This proved transformational, tapping into the rapidly growing electric mobility market.
By 2024, Acton Global had established presence in over 100 cities worldwide with electric bikes and scooters. The company expanded from $200,000 to over $6 million in sales within one year post-show. Their electric vehicles target both B2B clients and urban consumers seeking eco-friendly transportation
Rocket Skates are no longer available as of 2024. The company now focuses exclusively on electric bikes, scooters, and skateboards, serving cities and college campuses globally.
