Zuum Net Worth – How Much Is This Company Worth?

If you have ever watched Shark Tank, you may have noticed the company Zuum. This is a new entrant on the block, but it has a big claim to fame. The company was started by two college kids, who took the time to lay the foundations for this venture.

In the early stages, they were looking for a $125,000 deal for 20% of the business. They even launched an IndieGoGo campaign to raise the money. As of 2019, the company has raised $25,470. It has also made appearances on Shark Tank. However, the company has not yet made a sale.

One of the coolest features of the Zuum Hover Shoes is their ability to be carried by hand. They can hold up to 220 pounds. Plus, they have a battery that lasts for 1.5 hours, so you can go about your daily routine without having to worry about running out of juice.

Although the hover shoes can be a bit pricey, they are a worthy investment. The company isn’t looking for a fortune; it wants to bring a high-tech solution to the transportation industry. Not only do they make the most of their time in traffic, but they also cut down on emissions.

Founders Mason Buechler and Chico Guerra started the company in 2018. They originally intended to create an eco-friendly product, but they discovered that they had so much more in store for them. Their new venture, Zuum Technologies, is a company that aims to reinvent the way people travel. By eliminating emissions, they can help reduce the carbon footprint of the world.

They have been able to get their first prototype from the manufacturer. After receiving feedback from potential customers, they made some tweaks to the design. Now, their hover shoes can go up to 8 MPH, have a battery that lasts for 1.5hours, and can hold up to 220 pounds.

Zuum isn’t the only footwear company that has appeared on Shark Tank. Others include Solemates heel protectors, Xero shoes, Freshly Picked, and the ISlide line of slides. A few of these companies have actually been able to strike deals. But it is the company’s newest product that has caught Sharks’ attention.

It is also a smart move for the company to go to a crowdfunded platform to raise the capital it needs to take their brand to the next level. Using Kickstarter, they were able to raise $24,253 in March. Additionally, they were able to earn $25,000 for the fanciful, and albeit modest, ZUUM Skate Shoes.

In the end, however, the biggest hurdle for them was the money. As of the time of this writing, their net worth is one million dollars. That doesn’t mean that they’ll never go out of business; as of March 2022, they are still operating.

While there are plenty of other hoverboard and skateboard companies out there, it is definitely the best of the bunch. You can buy them on Amazon, and they are a good way to enjoy the benefits of roller skating while not having to worry about falling over.