Sway Motorsports Net Worth

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Sway Motorsports Net Worth ^ Sway Motorsports is the company that developed the Sway, an electric scooter with three wheels. It can be propelled and guided with only a simple turn of the head. Shaking your body to the side allows you to drive the moped-skateboard hybrid vehicle.

Sway Motorsports Net Worth
Sway Motorsports Net Worth

Because of its odd steering mechanism, the scooter can lean into corners just like the two-wheeled Yamaha Niken. This is possible because of the scooter’s design. This idea is a lot like a leaning three-wheeler conversion kit that can be put on Harley-Davidson and Honda Goldwing motorcycles.

Joe is interested in forming a partnership with a distributor that will make and sell the motorcycle, and this will lead to the development of an OEM manufacturer dealership program for the automobile.

This has been his goal from the beginning of his career: to manufacture the automobile and get it distributed through a chain of independent dealers. Following the sale of an advance of $350,000, he anticipates having the product in his possession within the next year. It is his opinion that in the not-too-distant future, no one will be able to circumvent the limitations of his patents on the Sway.

Sway Motorsports Revenue

On the season finale of Shark Tank, episode 623, Joe Wilcox, the developer of the Sway Motorsports Bike, will be featured. By combining the capability of swinging the complete bike by leaning in the appropriate direction with the presence of a third wheel, Joe has developed a form of transportation that is not only secure and dependable but also accessible to anybody. In addition to that, it looks like a great deal of fun!

In response to Kevin’s inquiry, Joe provided the amount of $7999 as the price. This sum of money will be put toward locating an original equipment manufacturer (often known as an OEM), which is a business that produces components for the goods of other companies. Joe has plans to collaborate with this OEM.

Since the first prototype of the Sway was shown off in 2012, there have not been many significant developments. A lithium-ion battery with 4.2 kilowatt-hours of capacity powers a six-kilowatt electric motor. This battery is comparable to the one used by Tesla. With this, the Sway can achieve a maximum speed of 55 miles per hour and a maximum range of approximately 40 miles.

The vehicle that we are discussing currently has a lithium iron phosphate battery pack with a capacity of 60 V and 20 Ah, which gives it the ability to travel up to 16 kilometers before it needs to be recharged (10 miles). Sway made the decision to install a battery pack with a capacity of 60 Ah in the automobiles that were designed for sale, which resulted in a range of 30 miles (48 kilometers).

The Sway has wheels with a diameter of 10 inches, and its dimensions are 1.32 meters, 0.89 meters, and 1.02 meters, which makes it fairly compact (52 x 35 x 40 inches).

Sway Motorsports Net Worth
Sway Motorsports Net Worth

Even though it weighs a hefty 104 kilograms, the contraption is able to reach speeds of up to 40 miles per hour (64 kilometers per hour) thanks to a hub motor in the rear wheel that has 3,500 watts of power (230 lb).

It wasn’t long before Joe became well-known for his contributions to the toy industry as an IDEO Senior Toy Designer and toy inventor. After that, he spent the rest of his professional life serving as the Chief Executive Officer of Sway.

Sway Motorsports out of business

According to Kevin O’Leary, there is no middle ground because the market is still in a state of change and the options are either black or white. Only if the project is unsuccessful will he be able to get his money back, and even then, only if he is able to find someone to build it for him and the project is successful.

It is still possible to view the Sway Motorsports website, which demonstrates that the company is making progress on the development of Sway. Since Joe is currently working as the Director of Advanced Vehicle Development, there is strong evidence that the product in question was never built and is no longer being manufactured.

It is Wilcox’s intention to have the agreement finalized by the year 2018, which is also the year in which he hopes to reveal a more rapid prototype for an on-road vehicle. ABC airs new episodes of Shark Tank (Season 9) every Sunday night at 9 o’clock.

It would appear that Wilcox began working on prototypes for the Sway Motor Sports Electric Bike concept as early as 2011 (although this cannot be confirmed). You can watch one of the first videos made by Sway Motorsports below. It shows how the cutting-edge design of this new type of electric bike has many benefits.

The company’s founder and current CEO, Joe Wilcox, was the impetus for the creation of Sway Motorsports. Before founding Sway, he worked for the National Aeronautics and Space Administration as an industrial designer. Sway is named after his former employer.

Two years after the episode of Shark Tank aired, Wilcox disclosed in March 2017 that Sway Motorsports is looking for a finance partner “to make the vehicles more affordable for consumers.” This comes after the company appeared on the show. The Sway Lithium may be purchased for $7,999, while the Sway LithiumPlus may be purchased for $10,999.

Sway Motorsports where to buy

Paul Strobel, who works for the website ERideHero.com and is an expert on micro-mobility, thinks that “this could very well be a game-changer for electric vehicle transportation.”

Although the specific date has not been disclosed as of yet, we anticipate that it will be disclosed within the next several days. These forward-thinking ideas are all contributing to the creation of a future that is both more prosperous and more environmentally responsible.

The inventor of Sway, Joe Wilcox, appeared on an episode of Shark Tank in the year 2015. He’d come to the Tank hoping to secure a $300,000 investment in exchange for a 20% ownership stake. Even though it was obvious that Wilcox would be successful, the Sharks decided to part ways with him.

Sway Motorsports Net Worth
Sway Motorsports Net Worth

Because the battery and the mass of the tilting mechanism are kept in separate compartments, the Sway is able to retain its center of gravity as close to the road as is safely practicable. You won’t become aware of the tilting mechanism until you really start driving it. When we were first presented with it, there was one significant quality about it that caught our interest.

Spread the love

Spread the loveSway Motorsports Net Worth ^ Sway Motorsports is the company that developed the Sway, an electric scooter with three wheels. It can be propelled and guided with only a simple turn of the head. Shaking your body to the side allows you to drive the moped-skateboard hybrid vehicle. Because of its odd steering…

Spread the love

Spread the loveSway Motorsports Net Worth ^ Sway Motorsports is the company that developed the Sway, an electric scooter with three wheels. It can be propelled and guided with only a simple turn of the head. Shaking your body to the side allows you to drive the moped-skateboard hybrid vehicle. Because of its odd steering…