CoolPeds Shark Tank Updates 2022: What Happened to CoolPeds After $9900 Ampere Electric Car?

coolpeds shark tank

What Is Cool Peds?

The CoolPed is a beautiful and practical car that runs on electricity and is environmentally beneficial. There are electric mopeds, scooters that can be attached to a suitcase, and electric three-wheeled motorbikes that are street legal in many places if you have the right license and wear a helmet.

Scooters are one of the greatest ways to get around the city because they are simple to move by bus and subway. A USB power cord is deemed to be extremely effective when it can travel 5 kilometers on a single charge.

Company Name Coolpeds USA
Entrepreneur Tony Chan
Product / Business Electric scooter luggage that doubles as a luggage
Investment Asking For $250,000 for 5% equity in CoolPeds
Final Deal No Deal
Shark No Shark
Episode  Season 9 Episode 23
Business Status In Business


Who Is the Founder of CoolPeds?

The CEO and co-founder of Coolpeds USA, Tony Chan, established the company alongside Ampere Motors. Tony is a general car enthusiast and alumnus of the University of California, Los Angeles’ Magna cum Lauda program.

He was able to cover his education expenses by buying used cars, restoring them, and reselling them. Tony is still actively involved in the business, and he continues to run things out of his Santa Monica office and showroom. Additionally, he conducts business online and ships goods all over the world.

coolpeds shark tank

The company seeks to boost profitability as it broadens its global presence in the market for electric vehicles. Since he was seven years old, Tony has been interested in the construction or repair of automobiles since he has always had a passion for them.

He has also always had a keen interest in ecologically friendly technology and transportation. He, therefore, made the decision to merge his two loves. As a result, he started creating the initial version of his electric scooter.

Related: Rule Breaker Shark Tank Updates 2022: What Happened to Rule Breaker After Shark Tank?

He started the process by raising more than $40,000 over three years through crowdfunding on IndieGoGo. During this time, he also had a job with the Ampere Motor Company. This business manufactures electric automobiles.

At the 2017 Los Angeles auto show, Coolpeds showed a prototype of their three-wheeled sports motorcycle, which is available for $9900.00 on the Coolpeds website. Early in 2018, they started taking deposits for orders, with manufacturing beginning later that year. Tony made the decision to seek out more investors in order to grow his company.

Before Shark Tank, Cool Peds

coolpeds shark tank

On a scooter with a backpack strapped to the front, Shark Tank participants enter the room. This is a fictional figure who wants to create a brand-new form of public transit. Looking at Robert, Lori, and Barbara remark that it seems like something made just for him.

Even the convenience of using it to travel to an airport is mentioned. Simple in its design, the scooter has a plastic container fastened to the front. Tony Chen here; I’m calling from Los Angeles, California. His business is called CoolPeds USA, and he is asking for a $250,000 investment in return for a 5% ownership position.

The world’s most fashionable and lightweight electric automobiles are made by Tony. For instance, the first lightweight electric scooter in the world was created especially for tourists. You can use it to get to and from the train station, the parking lot, a sizable campus, and even the airport boarding gate. It can also be rented out.

All of this is possible without having to lug around a large backpack, and you’ll enjoy your commute! With the bag easily removed, you can travel at speeds ranging from 7 miles per hour at a moderate pace to a maximum of 15 miles per hour. They also have electronic brakes, which means that each time you brake, the battery is charged.

This device has a replaceable battery that can be charged quickly and easily in almost any place. You can even use the USB cable to charge your phone while you’re out and about. Tony shows how the scooter can be folded in on itself to show how light it is.

It is among the lightest electric scooters in the world, weighing little under 11 pounds and having a length of just under 11 inches. Tony wants to make green transportation solutions available to everyone on the earth that are pleasurable, dependable, and affordable. Which of the Sharks would like to approach and move about with the CoolPeds America?

How Would You Rate CoolPeds’ Shark Tank Pitch?

On Shark Tank, Tony Chan asked for a $250,000 investment in exchange for a 5% ownership stake in CoolPeds.

Conclusion: Sharks and CoolPeds did not reach an agreement.

What Happened to CoolPeds After Shark Tank?

coolpeds shark tank

Even if the website appears to be at the very least amateurish and vulgar, CoolPeds is still in operation. Normally priced at $499, the Shark Tank-featured Briefcase Electric Scooter is now on sale for $399 to coincide with the ABC broadcast.

The Ampere Electric Roadster and the bike are two further goods they provide. iBike is an electric bicycle with a number of cutting-edge features thanks to its 350-watt hub motor and electronic braking system. It has a compact folding design that is perfect for carrying the bike. A carbon steel frame houses everything mentioned above.

Regular use of the bike is possible, or you may utilize the 350-watt motor to pedal at up to 20 mph and for up to 20 miles on a single charge. A motorcycle-style accelerator is built into the grips. For $499, you may acquire the gadget. A link on the solitary item Ampere Electric Roadster directs you to a brand-new website.

The firm claims that the electric car costs $9,900 and has a range of up to 150 miles. As seen by the vehicle’s appearances on various local news programs, it is also making appearances at auto and motor exhibitions. When you preorder the electric suitcase scooter, you will also get a discount on the $199 reserve price.

In the spring of 2018, Ampere promoted a free public test drive event, but there is no information available about it. The electric briefcase scooter from Coolpeds was on sale on Amazon, where it had a pitiful rating of 3.9 stars based on just seven user reviews.

Since two consumers received things that were broken or defective as soon as they opened the package, the majority of the complaints were related to the packaging and shipment. Another claims that despite having been purchased in 2015, the quality is subpar and the unit is fragile.

Related: Smart Wheel Shark Tank Updates 2022: What Happened to Smart Wheel After Shark Tank?

Instead of going via Amazon, you may buy the CoolPeds electric suitcase scooter straight from the company’s website. As of June 2022, Coolpeds is still taking orders for the Ampere car, which seems odd.

Additionally, according to the business, it offers for sale electric moped scooters, electric luggage, and electric scooters. Since January 2021, this company’s Facebook page has not been updated. The “contact us” section of CoolPeds’ official website is no longer present, and the company’s goods are no longer offered on Amazon.

Is CoolPeds Still in Operation?

coolpeds shark tank

As of June 2022, CoolPeds and Ampere are both still in operation. The Coolpeds website is still up and operating, and Coolpeds products are still available for purchase there. However, buyers are advised against buying anything from the website since they run the danger of losing their money and having no way to get a refund.

Chan is asking $9,900 for the purchase of Amperes. He is taking reservations for the car, which he plans to manufacture this spring, in exchange for a $200 100% refundable deposit. By going to the Ampere electric roadster reservation page, you can make a reservation for an Ampere electric roadster right now. Oh, and you’ll also get a free electric bike if you buy an Ampere right away!

What Is CoolPeds’ Net Worth?

When CoolPeds made its Shark Tank debut, it was valued at $5 million. As of 2022, CoolPeds has a net worth of around $5 million.

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