Inboard Technology, founded by Ryan Evans, David Evans, and Chris Harley, is an electric scooter and skateboard company established in 2014. The company was created to provide a smooth and enjoyable riding experience.
While many electric skateboards are available, the M1 Electric Skateboard from Inboard Technology stands out due to its innovative in-wheel motor technology.
Inboard Technology raised $421,935 on Kickstarter on March 5, 2015, through a successful crowdfunding campaign. Before appearing on Shark Tank, the co-founders had secured a total of $2.7 million in funding, with the company’s valuation reaching $10 million during their last round of investment.
Inboard Technology appeared on Shark Tank Season 8, Episode 10, seeking $750,000 for a 4% equity stake, which implied an $18.7 million valuation.
Based in California, Inboard Technology specializes in manufacturing electric scooters and skateboards. Their flagship product, the M1 Electric Skateboard, features in-wheel motor technology—one of the smallest hub motors available. The skateboard includes a small internal battery that powers the wheels, and it is controlled via a remote.
| Company Name | Inboard Technology | |
| Founder | Ryan Evans, David Evans, and Chris Harley | |
| Founded | 2014 | |
| Product | Electric scooters and skateboards | |
| Asked For | $750k for 4% equity | |
| Final Deal | $750k loan at 10% interest + 3% equity | |
| Shark |  Lori Greiner |  Kevin O’Leary |
| Episode (Shark Tank USA) | S8 E10 | |
| Air Date | Dec 2, 2016 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Santa Cruz, California, US | |
| Lifetime Worth (Sales) | $25M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
How Was The Shark Tank Pitch Of Inboard Technology?
Ryan, David, and Chris entered Shark Tank and presented their business, seeking $700,000 for a 4% equity stake. Kevin O’Leary, who had personally tested the product, found it sustainable.
Mark Cuban, Robert Herjavec, and Chris Sacca were all out. Kevin O’Leary made the initial offer of $750,000 as a loan at 8% interest for three years, plus 2.5% equity. Lori Greiner offered a similar deal with $750,000 as a loan at 8% interest, but with 3% equity.
Kevin and Lori later teamed up to offer $750,000 as a loan at 8% interest with 5% equity. After some negotiation, the co-founders agreed to a revised offer of $750,000 as a loan at 10% interest for three years, plus 3% equity.
What Happened To Inboard Technology After Shark Tank?
Inboard Technology secured a deal on Shark Tank, with Kevin O’Leary and Lori Greiner investing in the company. Following the appearance on the show, sales of the M1 Electric Skateboard increased significantly, with many customers purchasing the product.
As of August 2023, the official website of Inboard Technology is not live, and there has been no recent information available about the company. It is possible that the company has gone out of business.
Despite the successful funding received on Shark Tank, there has been no further information about the company’s status. We will update this post if any new information becomes available.
What Is the Net Worth of Inboard Technology?
Inboard Technology has an estimated net worth of $10 million. The market size for electronic skateboards in the United States exceeds $269 million, and the industry for electronic scooters, skateboards, and similar products is growing steadily.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2023 | TBD |
| 2013-22 | $25M *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| 2016 | $700k | Lori Greiner & Kevin O’Leary |
As of 2022, no additional information about Inboard Technology is available, and the company’s official website is inactive.
The company’s headquarters is located in Santa Cruz, California, United States.
No, Inboard Technology is Out of business as of August 2024.
