Its more for an emergency situation like your in the middle of the desert or on a stretch of road far away from a charging station. Its a AAA for electric cars
60 miles in a hour is actually not bad at all and you can stack them to reduce time they said. I really want some a EV offroad/ kinda truck and this would totally remove my anxiety of being in the middle of no where with one.
It is but in the long run they have the patent, and they can license the product out when they become even bigger which I believe it'll happen, and they'll also improve the capability of it. I believe Mark invested more because electric cars are the future, kind of like when the internet first came out, now people can't breathe without it. Everyone is gambling on the future. Like you said innovation.
@Str805Speed It's because he's still staying engaged and giving feedback. These pitches usually last about an hour. What is never shown is that even though sharks go out, they often stay engaged and give feedback.
@@playmakersmusic for sure, you’re exactly right. He wasn’t actually out, he was just trying to be funny to make sure everyone knows he there since he’s so full of himself, that’s what I mean when I say he is just a repulsive, narcissistic human being
@@ronnieturner6820 do you feel the same way about Kevin? He frequently goes out, just to keep talking or sometimes go back in. I do think Daymond was an ass to go out before even acting like listening to the pitch. I guess he forgot that he was on a tv show
"People don't realize, when you raise money, it's not an accomplishment, it's an obligation." "Exactly, but our media celebrates it. They celebrate raising money as if that's profitability." Sometimes the endings of these episodes hold the biggest gems.
@@shaniya3847 Mark Cuban is rich, bur so is Lorri up there too. She has been on TV for over 30 years selling stuff and has interest in many multiple companies ! 🤩 All the sharks are super smart & ambitious. 😁
This is literally one of the very few companies on this show that can actually become a billion or multi billion dollar company. I can definitely see the potential.
No chance. I own a Tesla and there is really no reason for this product. It only charges @ 60 miles in an hour. I literally can't think of a scenario where I would want or need this.
@@kenethernandez6246 Thanks! Never had to carry a giant can full of gas in my trunk when I drove combustion cars either. That's what this is. Unnecessary and not useful.
@@luciolucio4345 they can but why spend so much on research and development if there is already a good product on the market(in this way they will even eliminate their competition)
@@gautampoojary7371 yeah but if Tesla is making the car itself I imagine they can also figure out a way to make portable chargers like this themselves and people will probably buy it from them, but yeah you make a good point though. Maybe they don't want to focus and use resources on that now.
Like 5-10 years down the road, when so many more people will have electric cars than even now, I can definitely see tons of people needing this, and seeing the reason in making it leasable (if it breaks, you got no idea how to fix it, and buying a new one would be expensive, so it would be so much easier to just exchange it. Same thing people do with phones nowadays
@Gerald Ray Martinez stop spreading fake information, they've raised 24 million dollars so far and their business will only exponentially get bigger when more people are able to afford electric vehicles.
EV stations are the problem that my semi truck driver friend in Houston is concerned about in purchasing an electric truck. This is one solution but the charge time is still way too slow.
As a matter of fact, Rolls Royces and Bentleys would flourish as electric cars. The batteries would help with a quiet ride, they're powerful and keeping the costs down is not an issue for luxury cars.
Not really. Since tesla can just roll out an update not allowing third party chargers to work on their cars, so this way tesla owners will be forced to buy chargers from them only.
@@TheXXBLahBLahBLahxX that's not going to happen because people home charge, and Teslas need to be able to charge any and everywhere. I don't like this business because there is zero barrier to entry. I could create a similar business tomorrow and sell chargers to Uber and Lyft drivers.
Daymond: “I don’t know anything about this. I’m out.” *slam sound effect to show how serious it is followed by all sharks laughing* The audio editing in these shows is so over the top.
Wow. This is definitely one of the more interesting episode. The two founders/co-founders were well spoken but it's clear they're more of an engineer than a business man. This was definitely a good business with a lot of growth potential but I can also see where Kevin is coming from. Leasing these batteries is so risky especially when you're trying to scale it.
I agree with Kevin, i never thought they will get a deal. They should be selling this to customers instead of leasing. Their idea is great but their business model is crap. This could be the Jerry cans for electric vehicles.
i mean its a tech company burning cash bit its a smart idea now it comes down to how well they can work on the idea and make it a company from 1 product
They will make a Jerry can version or whoever does is gonna be filthy rich. This would totally shutdown all the crap I've said about how EV truck can never work as a offroad/over haul kinda vehicle.
This was exactly the reason I didn't want a tesla at first because I was scared I would have to find a station but now with a power pack to go with it I'm 100% on board with it now once they make a consumer product I'm definitely getting one
@@levlev25 ehh I think it depends on the place. in Canada , especially through the prairies , can be a concern for sure Cos it isn’t widespread enough yet
For those who are unaware. Mark Cuban has a pharmacy in Tx that offers people like me, stricken w severe cancer, a low cost avenue to get our chemotherapy medication. Although I didn't win my war against the disease and will succumb to it, I am so deeply thankful an individual like this is out there helping the desperate sufferers Mark deserves more recognition for the work he quietly does ! Thanks Mark❤
Reading that you’ll eventually die from it makes me so sad :( currently a very close friend of mine basically my brother was diagnosed with cancer and is just starting his first couple rounds of chemo. It’s very scary. Never worried about much of anything until now. I hope you for as long as you live it’s wonderful for you. Life really is beautiful
This is the best episode in my opinion , the product is amaizing , their company is amaizing, Mark Cuban asking them to give the real price, and black guy handeled as he should and smile on 2 % each he knew he cant say 1 % each anymore
@@Lukas-tw3ke I think the timing is a bit wonky. This was a couple years ago if I’m not mistaken and if we take out time now for example, gas is going up and electric vehicles are selling like crazy. Almost every car brand is moving towards that area. I think they can get a consumer product, I’m just not sure if it would sold at a justifiable price point.
@@MarcoLovesPollo yeah well, I know what u mean. Buts thats just an enormous amount of money for a "normal" consumer. And u ve 2 remember, the majority of ev-drivers make shure 2 not run out of battery. That happens once or twice 2 the same person and after this, the product is just useless, cuz the customers learn from their failures
@@Lukas-tw3ke Electric Cars aren't cheap, and the people buying them are definitely rich and can afford this. This is a great product, just came out couple years early
Update... As of January 2023, SparkCharge's current worth is estimated at $186 million. One of the reasons that I'm hesitant to buy an electric car is the fear of not finding a place to charge in time while traveling. Clever Idea, not only helping the environment but the manufacturers selling electric vehicles boost sales.
Mark doesn't care what he looks like. Lori wears cute wigs. I really like this one. She has good fashion sense. Also fillers, better makeup and it looks like she's lost 15 pounds. Very nice body.
The goal is always to sell the small company with the technology to the big company. Big company’s would much rather buy a brand rather than invest the money to research something themselves because they get an external( now internal )client base as well
Many big companies such as smartphones companies like Apple, Samsung, etc. They all sell their own charger for their devices. But, still many people across the world buy another charge outside from those companies. So, it doesn't necessarily means they will go out of business right?
Just checked them their networth is 30mils now and after shark tank they rised like 50 mil of investments and they became global plus partners with some major car brands
Finally a good product on Shark tank: (1) unique solution, (2) reoccurring income, (3) patentable, (4) reward winning, (5) growing market (6) re-purposing returning batteries. Although leasing business model is capital intensive. That is why they need money. Normally Shark Tank pitches boring retail (gimmick) products with a lot of marketing.
I think it’s a great idea with the lease model. They make the money back in a year. They just need more money to scale out bigger. But it also depends on how often cars really run out of battery on the road. Depends how much triple aaa and other towing companies are willing to pay vs just towing the car themselves to an electric charging station. The consumer product is what can bring this company to the moon.
"Raising money is an obligation not an accomplishment and our media celebrate it like profitability". This is deep and amazing take away for budding entrepreneurs.
Mr wonderful is my favorite shark 🦈! he’s an extremely quick thinker. Extremely witty, extremely funny, and he seems to pay the most attention to the entrepreneurs because when there’s golden opportunity Mr. wonderful usually gets the deal with royalties…🥳
I think creating a portable battery bank that you can put either in the front trunk or in the back trunk of the vehicle would be great. this way no one will be without juice for their vehicle. I'm just surprised that no one has developed a foldable solar panel that you can put on the roof of your vehicle so you're vehicle can charge wirelessly while you're working or at home. Then whenever you're ready to go somewhere you can just fold it and put it in your trunk and go.
And they couod have licenced the design to car manufacturers so that every EV made can have the option of a battery charger which may be branded Tesla but they get a share of the ales. A backup for any of them.
I like this show, and most of all this episode. Here Mark shared a lot of insight and knowledge from experience. They should cast this show in school, it is easy to follow and not a burden as studying on books is. I also really appreciated Lori here:" i know little to nothing of the topic, i see potential for customers (that is my core strenght), let's see if someone with more experience,knowledge and money can help me (Mark)". Here Mark alone would have called himself out i think. Damn, it is so interesting to understand the mindset of sussessfull entrepeneurs. Thank you for sharing!
The best advice ever is in the last 5 seconds of this video. When you raise money you raise an obligation but our media celebrates it as profitability. That is the lesson for all entrepreneurs out there.
This is actually a smart idea. Maybe. Not for the us market but internationally. Tesla and other electric vehicles are being imported as of this moment to various countries and so far there is only a limited amount of charging areas outside of houses. This could play a major role for those areas/countries.
Imagine them leasing it to one company for $150/month, then the company turns around and lease it to another company/consumer for $250/month. Unless there’s some kind of software lock, nothing prevents this from happening.
The longevity in a portable charger is uncertain if wireless charging is proven to be safe and commercially scalable. But, that will probably take several years or even decades.
I drive a petrol car so no petrol anxiety and it takes 3 minutes to refuel and no, electric vehicles are NOT more environmentally friendly, this is just the illusion they sell you in order to make you buy an expensive and limited electric vehicle.
They will face stiff competition with Tesla. There may be a lithium shortage-- there are conflicting reports. I think hybrids are a better option than fully electric vehicles.
They found the biggest lithium deposit of around 244 million tons in Mexico last year and they are developing a mine right now. I’m not sure if that’s a lot when added to the rest of the worlds in Bolivia and Chile and the US. China and Russia are very interested in it so I’m guessing it’s a lot.
There isn't a lithium shortage. Their is a lithium mining shortage. Earth has tons of Lithium. Its just that the mining companies aren't growing as fast as the battery industry needs them to grow. This is why Tesla signed a huge deal with a Lithium mine in NC to majorly expand their operation and Tesla is starting their own mine in Utah. If the mining industry isn't doing it, Tesla will just do it themselves.
@@jpriley100 I mean I’m not very informed on the subject. I know China makes Tesla batteries and China is helping Mexico with the mine development. I know the US has the second biggest deposit in Nevada. I also know mining lithium is very bad for the environment.
What people dont see is that batteries require lithium. Lithium mines are just as bad if not worse then fossil fuels. Look up lithium mines and youd be shocked.
Mark Cuban is really inspiring. Thanks for another quote: Raising money is not accomplishment, it is obligation
🙄
K. NH. Bo. B
You only learned that when he said it? 😂 wow
How is that
Then what is he doing in the Shark Tank ?
Cuban's phone rings. Barbara: "Tell them I'm out".
🤣 🤣 🤣
She's all hung up drying out the future wrinkles...
LMAO 😅 😂 🤣 😅
🤣🤣🤣🤣🤣😭😭😭
Ugh....stop
I love the negotiations on this show, it makes me want to negotiate at a McDonald’s drive thru.
Me: Are the chicken nuggets fresh or made yesterday ??
Employee: Made yesterday.
Me: And for that reason I’m out !!!
@@mranonymous1167 Barbara and for that reason I'm out
And cause your ice cream machine is broken im out
@@mranonymous1167 😂😂😂😂
😅🤣
The barbara jokes are getting old, and therefore I'm out.
this ones my fav
😂😂😂
Best one ever.
Lol 🤣
Best comment, actually laughed out loud.
A charge of 60 miles in an hour is slow but without people like them, innovation would never happen.
Its more for an emergency situation like your in the middle of the desert or on a stretch of road far away from a charging station. Its a AAA for electric cars
60 miles in a hour is actually not bad at all and you can stack them to reduce time they said. I really want some a EV offroad/ kinda truck and this would totally remove my anxiety of being in the middle of no where with one.
Sure, but its better than having nothing when the next charging station is miles away.
It is but in the long run they have the patent, and they can license the product out when they become even bigger which I believe it'll happen, and they'll also improve the capability of it. I believe Mark invested more because electric cars are the future, kind of like when the internet first came out, now people can't breathe without it. Everyone is gambling on the future. Like you said innovation.
And I believe they did and do make one that people can buy and carry in vehicle
Damian: “I’m out”
Also Damian: takes notes “very smart” 2:44
Who’s Damian?
@Str805Speed It's because he's still staying engaged and giving feedback. These pitches usually last about an hour. What is never shown is that even though sharks go out, they often stay engaged and give feedback.
😂😂🤣
@@lionslicer9999 wait, these go on a hour? Holy fuck.
Yes why was he taking notes? Considering he was out
Daymond: "I'm out"
Daymond's pen and pad: Hold my 🍺
He’s such a sickening man. Can’t stand him
Read this comment before watching the video. Boy, he had this look of determination when scribbling down the numbers 😂😅
I mean when you are out, you can technically still come up with a deal.
@@playmakersmusic for sure, you’re exactly right. He wasn’t actually out, he was just trying to be funny to make sure everyone knows he there since he’s so full of himself, that’s what I mean when I say he is just a repulsive, narcissistic human being
@@ronnieturner6820 do you feel the same way about Kevin? He frequently goes out, just to keep talking or sometimes go back in. I do think Daymond was an ass to go out before even acting like listening to the pitch. I guess he forgot that he was on a tv show
"People don't realize, when you raise money, it's not an accomplishment, it's an obligation."
"Exactly, but our media celebrates it. They celebrate raising money as if that's profitability."
Sometimes the endings of these episodes hold the biggest gems.
They should keep the camera rolling for the sharks discussing after the deal.
It is tho because you’re getting rich off of other people’s money everyone makes money we all win
Hence the reason why none of the sharks invested in Ring.
@@globescape4771 I like that they do sometimes (not always) for a couple of minutes.
Lori knows her strengths and I really love her wisdom.
That’s everyone
@@dawitbelai514 She's is literally the most successful sgarj. Her deals made her more money than other sharks
@@Zeno7741 huh? Mark Cuban is a billionaire
@@shaniya3847 I was talking about the deals in the show. Not the net worth of the sharks....she is the one who's deal made her the most money
@@shaniya3847
Mark Cuban is rich, bur so is Lorri up there too. She has been on TV for over 30 years selling stuff and has interest in many multiple companies ! 🤩
All the sharks are super smart & ambitious. 😁
Barbara: “I am not in this clip, and for these reasons. I’m out.”
"I had a bad hair day, and for that reason, I'm out."
Such an original, witty comment.
This is literally one of the very few companies on this show that can actually become a billion or multi billion dollar company. I can definitely see the potential.
No chance. I own a Tesla and there is really no reason for this product. It only charges @ 60 miles in an hour. I literally can't think of a scenario where I would want or need this.
@@Cars_and_Games Then good for you
@@kenethernandez6246 Thanks! Never had to carry a giant can full of gas in my trunk when I drove combustion cars either. That's what this is. Unnecessary and not useful.
ultra fast 1 mile per second so like 5 hours don't the normal ones give a full charge in about an hour
@@Cars_and_Games The difference gas lasts longer when electric doesn't. So it's a pretty good idea
I crave this show. It's beautiful to watch people live their dreams.
Why not live ur own dreams
Can I crush it for you?? So many of these deals NEVER happen.
You mean get their dreams crushed? This is basically American idol for business people
@@hrxmotive8311 not the point of my comment...this show is highly scripted and many of the deals they show US never happen.
Just watch weddings hahaha
For anyone wanting to know the company is currently worth almost 200 million right now.
WOAH!!
Cool; what multiplier are you using on their latest pre-tax net profit figure to get to USD 200m?
@@matthewbell4273google
source: trust me bro 🤦🏻
Me when I lie
This is why we love Mark, non-greedy, sharp and straight to the point.
Consider it to be a power bank for your car. You have chargers at home but that doesnt stop you from having one. Simple and effective idea.
Yeah; if a Tesla (or whatever) owner runs out of juice on the side of the freeway, what can they do other than tow?
Tesla might actually buy that company for billions if not hundreds of millions in a few years
@@gautampoojary7371 don't you think they can develop it themselves?
@@luciolucio4345 they can but why spend so much on research and development if there is already a good product on the market(in this way they will even eliminate their competition)
@@gautampoojary7371 yeah but if Tesla is making the car itself I imagine they can also figure out a way to make portable chargers like this themselves and people will probably buy it from them, but yeah you make a good point though. Maybe they don't want to focus and use resources on that now.
This could honestly be an insanely successful business
IT WOULD BE.
Like 5-10 years down the road, when so many more people will have electric cars than even now, I can definitely see tons of people needing this, and seeing the reason in making it leasable (if it breaks, you got no idea how to fix it, and buying a new one would be expensive, so it would be so much easier to just exchange it. Same thing people do with phones nowadays
@Gerald Ray Martinez source?
I found that they raised 23 million in their latest round in May
@Gerald Ray Martinez stop spreading fake information, they've raised 24 million dollars so far and their business will only exponentially get bigger when more people are able to afford electric vehicles.
It’s valued at 100 mil now
This was one of the best pitches ever, these guys new their product and their numbers perfectly! They will make it huge!
Good thing they didn't old their product.
As an EV car owner with massive range anxiety and how much I hate dealing with EVGo stations, I am soooo happy people are thinking about this
Get a gas car
I believe they were on "Now You Know". If i recall.
EV stations are the problem that my semi truck driver friend in Houston is concerned about in purchasing an electric truck. This is one solution but the charge time is still way too slow.
Girl, you don’t own anything. Banks owns whatever you’re driving lmao🤡
@@EarlyBirdCraft Imagine being so hostile over someone doing better than you.
My man Damon is riding in those Rolls Royces and Bentleys and they'll never go electric
Every car eventually will go electric and Bentley has already started going electric!
Gotta tattoo
If he was ‘your man’ then you would know his name isn’t Damon. It’s Daymond. How embarrassing for you.
@@otpyg13 Lol you’re right, but I can’t help thinking you sound so sour!
As a matter of fact, Rolls Royces and Bentleys would flourish as electric cars. The batteries would help with a quiet ride, they're powerful and keeping the costs down is not an issue for luxury cars.
Seems like working with Mark was a good decision. They are now partnering with several big companies and raised another $23 million recently.
Their business is gonna be huge. Can’t wait to see them again in 5 years.
Not really. Since tesla can just roll out an update not allowing third party chargers to work on their cars, so this way tesla owners will be forced to buy chargers from them only.
@@TheXXBLahBLahBLahxX that's not going to happen because people home charge, and Teslas need to be able to charge any and everywhere. I don't like this business because there is zero barrier to entry. I could create a similar business tomorrow and sell chargers to Uber and Lyft drivers.
ultra fast 1 mile per second so like 5 hours if you driving in Nebraska with great weather don't the normal ones give a full charge in about an hour
better to have a gas generator charging it so it charges faster and doesn't take up as much room
Facts
Daymond: “I don’t know anything about this. I’m out.”
*slam sound effect to show how serious it is followed by all sharks laughing*
The audio editing in these shows is so over the top.
But that’s why we love it ☺️☺️☺️
This is gonna be huge. I guarentee they make a consumer product.
Listening to these sharks talk money has taught me way more than I knew
Wow. This is definitely one of the more interesting episode. The two founders/co-founders were well spoken but it's clear they're more of an engineer than a business man.
This was definitely a good business with a lot of growth potential but I can also see where Kevin is coming from. Leasing these batteries is so risky especially when you're trying to scale it.
His business is now worth $110 million
True, but they've also raised $110 million in funding!
@@rhpmikewhere’d you find that info? I wanna look into how they’re doing
@@rhpmike That's basically how most tech companies have their value. Not profitable, but huge investment and speculation.
Finally more of these on UA-cam! Please keep posting
I agree with Kevin, i never thought they will get a deal. They should be selling this to customers instead of leasing. Their idea is great but their business model is crap. This could be the Jerry cans for electric vehicles.
i mean its a tech company burning cash bit its a smart idea now it comes down to how well they can work on the idea and make it a company from 1 product
@@THEGRANDTOUR-kt3jh why business owners lease this? They can have a charging point
@@xlncy ya but if they get a portable one for customers then it's useful
They will make a Jerry can version or whoever does is gonna be filthy rich. This would totally shutdown all the crap I've said about how EV truck can never work as a offroad/over haul kinda vehicle.
could be for capital reasons.
Imagine if they could make these work whilst driving, be the vehicle equivalent of a power bank for your phone.
Put a patent on that idea lol
I think thats what there going for the consumer line
This was exactly the reason I didn't want a tesla at first because I was scared I would have to find a station but now with a power pack to go with it I'm 100% on board with it now once they make a consumer product I'm definitely getting one
There are stations in every corner lol
There are so many stations. I own one I've literally never had a problem and I've done cross country road trips
I've owned a tesla for 3 months now. First day, did a road trip from Cali to Texas.
Seriously, the charging concerns aren't a thing.
@@levlev25 ehh I think it depends on the place. in Canada , especially through the prairies , can be a concern for sure Cos it isn’t widespread enough yet
@@josee1984 Maybe in US, but that's not the whole world
Josh is a great sales man. He really knows his numbers in and out.
Barabara inside her mom’s womb: “ i think i’ve had enough!” and for that reason im out.”
For those who are unaware. Mark Cuban has a pharmacy in Tx that offers people like me, stricken w severe cancer, a low cost avenue to get our chemotherapy medication.
Although I didn't win my war against the disease and will succumb to it, I am so deeply thankful an individual like this is out there helping the desperate sufferers
Mark deserves more recognition for the work he quietly does !
Thanks Mark❤
Spot on
Wishing you the best man, hope your days are filled with nothing but happiness.
May god bless you❤
Reading that you’ll eventually die from it makes me so sad :( currently a very close friend of mine basically my brother was diagnosed with cancer and is just starting his first couple rounds of chemo. It’s very scary. Never worried about much of anything until now. I hope you for as long as you live it’s wonderful for you. Life really is beautiful
I believe that company is going to be worth a BILLION. good job guys
This is the best episode in my opinion , the product is amaizing , their company is amaizing, Mark Cuban asking them to give the real price, and black guy handeled as he should and smile on 2 % each he knew he cant say 1 % each anymore
"I'm not in this episode, and for that reason ... I’m out.” Barbara ...
You cant spell, and for that reason the letter A missing from her name, is out.
I ADDED THE A AND FOR THAT IM IN
It still shows (edited) and everyone can see it. And for that reason. You're out.
Wow these guys answered so many questions and didnt fumble and were so on top of it I wish I was confident like them
I honestly think they will make it big
Dont think so. Thats not a consumer product and a very spezified market
@@Lukas-tw3ke I think the timing is a bit wonky. This was a couple years ago if I’m not mistaken and if we take out time now for example, gas is going up and electric vehicles are selling like crazy. Almost every car brand is moving towards that area. I think they can get a consumer product, I’m just not sure if it would sold at a justifiable price point.
@@MarcoLovesPollo yeah well, I know what u mean. Buts thats just an enormous amount of money for a "normal" consumer. And u ve 2 remember, the majority of ev-drivers make shure 2 not run out of battery. That happens once or twice 2 the same person and after this, the product is just useless, cuz the customers learn from their failures
@@Lukas-tw3ke Electric Cars aren't cheap, and the people buying them are definitely rich and can afford this.
This is a great product, just came out couple years early
What? No way! Electric cars are not gonna be stranded everywhere! As it is they are getting faster at charging even
Barbara being born. Barbara: "i'm actually out".
Your attempt at humour failed.
@@otpyg13 your attempt at a clever reply failed.
"All I asked for was frickin sharks with frickin laser beams attached to their frickin heads!"
:D why did i read that in his voice
@@Tero92 ikr 🤣
It NEVER gets old😂😂
I listen to this show on my uber eats route every week
Barbara: Im still breathing and for that reason and that reason only, Im out.
This is awesome. I want one to keep in my trunk. The lack of this technology has kept us from upgrading our vehicles to EVs.
Update...
As of January 2023, SparkCharge's current worth is estimated at $186 million.
One of the reasons that I'm hesitant to buy an electric car is the fear of not finding a place to charge in time while traveling.
Clever Idea, not only helping the environment but the manufacturers selling electric vehicles boost sales.
i love updating guys in the comment section . Thanks
Holy cow. Yeah, that was a really good idea on their part
“I’m getting old, and therefore I’m out” Barbara
Why do they even keep her on the show lol
Wow, Mark got really Old, & Lori looks like she’s getting younger
Lori gets hawter and hawter each season 😍
botox
Show proof
Mark doesn't care what he looks like. Lori wears cute wigs. I really like this one. She has good fashion sense. Also fillers, better makeup and it looks like she's lost 15 pounds. Very nice body.
7:26
"Spark charge is now fully charged to take over the world...."
Hey hey hey calm down
Funny how Damien is out but still asking questions 🤣
Who’s Damien? Daymond went out early and kept asking questions….
Its now estimated net worth of over 120 million dollars. Thats insane! Good for everyone on this deal
I like how mark spins "two percent" to "two percent each?" Lmao
Proud of these guys representing Boston and Sommerville!
Daymond going out asap then trying to weasel in on the convo lol
As soon as Tesla starts selling portable batteries, they'll go out of business.
The goal is always to sell the small company with the technology to the big company. Big company’s would much rather buy a brand rather than invest the money to research something themselves because they get an external( now internal )client base as well
Many big companies such as smartphones companies like Apple, Samsung, etc. They all sell their own charger for their devices. But, still many people across the world buy another charge outside from those companies. So, it doesn't necessarily means they will go out of business right?
@@60hertzproductions64 thanks for the explanation, I never thought about that
I mean they could sell to the big companies like Tesla or even apple/Android if they ever go into that.
@@CoolBroNDude Nope.
Mr Wonderful unknowingly gives great advice. Own as little risk as possible 5:06
Just checked them their networth is 30mils now and after shark tank they rised like 50 mil of investments and they became global plus partners with some major car brands
Finally a good product on Shark tank: (1) unique solution, (2) reoccurring income, (3) patentable, (4) reward winning, (5) growing market (6) re-purposing returning batteries.
Although leasing business model is capital intensive. That is why they need money.
Normally Shark Tank pitches boring retail (gimmick) products with a lot of marketing.
theres nothing patentable about a portable car battery lmao
Mad respect for Daymond for begin the V8 guy.
Range anxiety is the only reason people don't buy electric cars, not the fact that a lot of people only make 7.45 an hour.
I think it’s a great idea with the lease model. They make the money back in a year. They just need more money to scale out bigger. But it also depends on how often cars really run out of battery on the road. Depends how much triple aaa and other towing companies are willing to pay vs just towing the car themselves to an electric charging station.
The consumer product is what can bring this company to the moon.
he also said they can repurpose the batteries, which means there is some real value for them there, which i know nothing about.
"Raising money is an obligation not an accomplishment and our media celebrate it like profitability". This is deep and amazing take away for budding entrepreneurs.
Mr wonderful is my favorite shark 🦈! he’s an extremely quick thinker. Extremely witty, extremely funny, and he seems to pay the most attention to the entrepreneurs because when there’s golden opportunity Mr. wonderful usually gets the deal with royalties…🥳
Barbara: I didn't turn up today, my electric bike ran out of charge, And for that reason, Im out!
When Mark speaks, you can feel the intelligence and power behind his words.
You bs
THIS WAS ONE OF THE COOLEST DEALS I VE SEEN ! 😎
I think creating a portable battery bank that you can put either in the front trunk or in the back trunk of the vehicle would be great. this way no one will be without juice for their vehicle. I'm just surprised that no one has developed a foldable solar panel that you can put on the roof of your vehicle so you're vehicle can charge wirelessly while you're working or at home. Then whenever you're ready to go somewhere you can just fold it and put it in your trunk and go.
A portable solar panel would charge really slow
You need to go on shark tank
And they couod have licenced the design to car manufacturers so that every EV made can have the option of a battery charger which may be branded Tesla but they get a share of the ales. A backup for any of them.
Or just integrate the panel into the roof
Babara: Daymon was trying to mocking me for that reason i'm out.
I like this show, and most of all this episode.
Here Mark shared a lot of insight and knowledge from experience.
They should cast this show in school, it is easy to follow and not a burden as studying on books is.
I also really appreciated Lori here:" i know little to nothing of the topic, i see potential for customers (that is my core strenght), let's see if someone with more experience,knowledge and money can help me (Mark)".
Here Mark alone would have called himself out i think.
Damn, it is so interesting to understand the mindset of sussessfull entrepeneurs.
Thank you for sharing!
I loved what Mark said at the end of the clip. It is an obligation, not an accomplishment. Bars.
They needed Chris Sacca today.. He would have taken it in a blink of an eye.
They can all blink I don’t think that’s the issue here
As long as its based in Palo Alto and he gets to tell everyone he invested in Twitter & Uber.
The best advice ever is in the last 5 seconds of this video. When you raise money you raise an obligation but our media celebrates it as profitability. That is the lesson for all entrepreneurs out there.
Amazing concept! Can't wait to see it in our local markets
Barbara - I like my muscle cars, for that reason “I’m out!!!!”
I love Lori she is such a trooper giving everyone a chance yet without being a greedy
yes she quickly became my favorite shark
This is actually a smart idea. Maybe. Not for the us market but internationally. Tesla and other electric vehicles are being imported as of this moment to various countries and so far there is only a limited amount of charging areas outside of houses. This could play a major role for those areas/countries.
That Dudes Crooked Tie was stressing me tf out 😂
Imagine them leasing it to one company for $150/month, then the company turns around and lease it to another company/consumer for $250/month. Unless there’s some kind of software lock, nothing prevents this from happening.
What a salesman and quick on his feet
That's the quickest "I'm out" I have ever heard.
Update: As of Jan 2023, the current worth of this company is at 186 million
Current valuation of Spark charge : $110 Mn
LOL I love Daymond's tone of voice. Lori got a free ride. lol
$1,000 payment is the same as $1,000 deposit 😂 he’s thinking of a refundable deposit.
Barbara: It's portable and it charges vehicles so for those reasons I'm out.
@Uncle Nik noted
Barbara: You weren't hood enough for Damion, and for that reason I am out.
Who’s Damion?
@@otpyg13 your right it's Daymond
Lori just gives money and distribution while mark does all the work lmao
Lori gets a pass and Mark takes half the risk of his investment.
I bought a watehouse in Rochester, NY, that use to distribute electric cars in 1911.
The longevity in a portable charger is uncertain if wireless charging is proven to be safe and commercially scalable. But, that will probably take several years or even decades.
Even wireless charging this will still be in need if the internet goes out.
Josh was excellent on his pitch and answering questions !!
I didn't think they'd have to go above 10% for Mark and Lori
It's not just the media that celebrates raising money. I've many times seen the Sharks say congratulations for raising a lot of money.
Mark is back bone of every entrepreneur
I drive a petrol car so no petrol anxiety and it takes 3 minutes to refuel and no, electric vehicles are NOT more environmentally friendly, this is just the illusion they sell you in order to make you buy an expensive and limited electric vehicle.
True
Barbara: I'm still using BOOMER technology for my cars. For that reason I'M OUT!
Barbara: hey I’m out today, so therefore , I’m out.
You have a million left.....Mark said that like you say a dollar left
1:14 that million dollar smile
They will face stiff competition with Tesla. There may be a lithium shortage-- there are conflicting reports. I think hybrids are a better option than fully electric vehicles.
They found the biggest lithium deposit of around 244 million tons in Mexico last year and they are developing a mine right now. I’m not sure if that’s a lot when added to the rest of the worlds in Bolivia and Chile and the US. China and Russia are very interested in it so I’m guessing it’s a lot.
Lithium was vital in Z Nation.
There isn't a lithium shortage. Their is a lithium mining shortage. Earth has tons of Lithium. Its just that the mining companies aren't growing as fast as the battery industry needs them to grow. This is why Tesla signed a huge deal with a Lithium mine in NC to majorly expand their operation and Tesla is starting their own mine in Utah. If the mining industry isn't doing it, Tesla will just do it themselves.
@@jpriley100 I mean I’m not very informed on the subject. I know China makes Tesla batteries and China is helping Mexico with the mine development. I know the US has the second biggest deposit in Nevada. I also know mining lithium is very bad for the environment.
New battery tech is using graphene now.
I wish they kept going with their conversation at the end. Dropping truth bombs 💣. Their product is amazing definitely a need in the market
ultra fast 1 mile per second so like 5 hours don't the normal ones give a full charge in about an hour
@@joejacko1587 you aren't using this to get a full charge you're using it because you ran out or are about to and need it to get to a charging station
I think Mark gets Laurie off. Her reactions to Mark's savviness on these episodes are hilarious
Yeah it’s totally not the fact he’s a billionaire lol
What people dont see is that batteries require lithium. Lithium mines are just as bad if not worse then fossil fuels. Look up lithium mines and youd be shocked.