Zuum Technologies is an electric company and the product of this company is Hover Shoes. Hover Shoes is a transportation device and through this one can easily reach the nearby location.
Electronic scooter is trendy in America and many people are using electronic devices in the present time. To continue ahead of this trend, Two Guy Chico Guerra and Mason Buechler launched ZUUM Technologies in 2018.
Hover Shoes are specially imported from China and this company sells it to the consumer under its brand name. They launched a crowdfunding campaign on Kickstarter on Jan 22, 2019, and raised $24,253.
To fund the company, both Chico and Mason appeared on Shark Tank Season 11 Episode 10 and asked the shark for $125,000 for 20% equity at a $694k Valuation.
What Is Zuum?
Zuum is a technology company and the first product of this company is Hover Shoes which is an electronic device. A dual 350W Dynacore brushless motor is used in this device and can handle weight up to 7lbs approx.
These hover shoes can be fully charged in 120 minutes and their top speed is 12 kph. The sale price of this shoe is $250 and is also available on Amazon.
|Chico Guerra and Mason Buechler
|$125k for 20% equity
|Episode (Shark Tank USA)
|Jan 5, 2020
|Portland, Oregon, US
|Lifetime Worth (Sales)
|Buy and Watch
Another Shark Tank Pitch
Who Is The Founder Of ZUUM?
Chico Guerra and Mason Buechler are the co-founders of ZUUM Technologies Company, they started this company in 2018.
Chico Guerra worked as a sales development representative at Deltek after studying accounting at the University of Corban.
Currently, he is working as a content consultant in Tiktok.
How Was The Shark Tank Pitch Of ZUUM?
After entering the shark tank, Chico and Mason explained their business to the sharks and asked for $125,000 for 20% equity. They have appeared in Shark Tank to provide custom designs to the product by taking funding.
All the sharks say that this business is not investable now, so they out.
What Happened To Zuum After Shark Tank?
Zuum didn’t get the deal in Shark Tank. All the sharks refused to invest in this business. Founders neither have their own manufacturer’s product nor exclusive deal, so no one will invest in this business because of this reason.
After the airing of this episode of Shark Tank, many brands are launching hover-shoe products under their own brand names. In recent times, a lot of competition has been created in the market of this company.
What’s new on Zuum
Last Update: August 14, 2023
As of August 2023, this company product Hover Shoes is still being sold on the website. CO-founder Chico is currently working as a content consultant at TikTok company.
Zuum Shark Tank Update
ZUUM Technologies did not get funding in Shark Tank and did not do many sales after this episode of Shark Tank aired. The exact revenue figure of this company is not yet available.
What Is the Net Worth of Zuum?
The current net worth of Zuum Technologies Company is estimated at $500k. This company did not have an exclusive dealership of the product due to which many competitors have been made of this company.
Is Zuum Still In Business?
ZUUM company has been running since 2018, although much information about the company’s performance is not yet available.
The headquarter of this company is in Portland, Oregon, United States, and 2-5 people are working in it.
Yes, Zuum is still in business as of August 2023.