When it comes to costumes, people love dressing up for fun events, parties, or even contests. But most costumes are static and just about looks. They do not have much action. Imagine wearing something that turns you into a real drivable car.
That is exactly the problem Drew Beaumier wanted to solve. He came up with a unique invention called Drive Suits. These wearable costumes can transform a person into a car that can actually move.
Drew appeared on Shark Tank Season 4 to pitch this fun and innovative idea. He asked for $150,000 in exchange for 20% of his company. His goal was to bring these exciting suits to the market. The sharks loved seeing the live demonstration. But not all of them were impressed by the business side. Did the entrepreneur get a deal on Shark Tank? Check out our Drive Suits update to find out!
Drive Suits Net Worth Shark Tank Update 2025
Drew Beaumier went on Shark Tank asking for $150,000 for 20% of his company. This meant he thought his business was worth $750,000. He made a deal with Kevin O’Leary for $150,000 for 30%, lowering the valuation to $500,000. The episode was aired on November 9, 2012. The transforming robot costume company later shut down. The current net worth of Drive Suits is $0 in 2025.
The deal with Kevin O’Leary did not go through after the show. But that did not stop Drew from continuing his efforts. He took his Drive Suits idea to different TV shows and events. Over time, Drew rebranded his business as Robots and Cars Entertainment, Inc., also called R.A.C.E.
In 2023, Drive Suits is still around. However, they are not sold in stores. Instead, they are available for hire. People can book them for special appearances at events or shows. While the exact financial details of the company are unclear, R.A.C.E. is still in business and has managed to stay relevant.
Yes, Drew Beaumier got a deal on Shark Tank. Kevin O’Leary offered him $150,000 in exchange for 30% of his company. Kevin also added a condition. He wanted to partner with a major toy company to take Drive Suits to a larger market. Drew accepted Kevin’s offer on the show.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Lori Griener | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | $150,000 for 30% equity contingent on a partnership with a toy company | N/A | Yes |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | $150,000 for 40% equity | N/A | No |
Drive Suits Shark Tank pitch
Drew Beaumier is the creative mind behind Drive Suits. He was inspired by his love for costumes and cars. He wanted to create something fun that could also be practical. That is how he came up with the idea of wearable costumes that could transform into drivable cars.
In the early stages, Drew faced many challenges. He had no sales before coming to Shark Tank. But he had spent a lot of time showcasing Drive Suits at different events and contests. His hard work paid off as he won five contests, earning $25,000 in prize money. Even though his invention got a lot of attention, turning it into a business was not easy.
Drew entered the Shark Tank with his Drive Suits team in full action. They drove into the tank wearing their costumes, transforming from robots to cars in real time. This live demonstration immediately caught the attention of the sharks.
Drew asked for $150,000 in exchange for 20% equity in his company. He explained that Drive Suits were wearable devices that transformed into drivable vehicles. He shared that the suits could go up to 10-12 mph. While he had no sales yet, he had won several contests and made $25,000 from prize money.
Drew also mentioned his goal of creating 20 unique suits and launching a marketing campaign to attract a wider audience. Keep reading our Drive Suits update to see what happens next!
The sharks had many questions about the Drive Suit.
Robert Herjavec asked about the speed of the suits. Drew said they could go up to 10-12 mph. Robert also wanted to know if there was anything proprietary about the product. Drew admitted that there was no patent yet.
Daymond John questioned the product’s market readiness. He felt there were too many unknowns and said it might be too soon to invest.
Barbara Corcoran shared her concern as a mother. She said the suits might not be safe for kids to use.
Mark Cuban asked about the cost and marketing plans. Drew explained his idea of making 20 units and creating a viral campaign.
Each shark had a different response to Drive Suits.
Robert Herjavec was the first to go out. He liked the concept but felt there was nothing unique or patentable about the product.
Daymond John also went out. He thought the product was not ready for investment due to many uncertainties.
Barbara Corcoran said she would be scared to see kids in such suits. For this reason, she decided not to invest.
Mark Cuban offered $150,000 for 40% equity. He wanted to make 20 suits, create a viral campaign, and optimize the design with an engineer.
Kevin O’Leary offered $150,000 for 30% equity. His plan was to partner with a major toy manufacturer. If he could not make this deal, his investment would not proceed.
Drew chose Kevin’s offer as he believed it had the potential to take Drive Suits to a larger market.
Product Availability
The suits are not available for purchase. Instead, R.A.C.E. offers them for hire. The suits are often used for special appearances at events, shows, and commercials.
While you cannot buy Drive Suits in stores or online, they continue to entertain audiences. The company does not have a clear online retail presence, but it remains active in the entertainment industry.
Conclusion
Drive Suits had an exciting journey on Shark Tank. The innovative concept of drivable costumes impressed the sharks. However, the lack of sales and safety concerns raised questions about its marketability. Drew accepted Kevin O’Leary’s deal on the show, but it did not move forward after filming.
Despite this, Drew continued to push his idea. He rebranded the company to Robots and Cars Entertainment, Inc. Today, the suits are still in action at events and shows. This story proves that even without a successful Shark Tank deal, creative ideas can find their place in the market. Stay tuned for future updates about Drive Suits and their journey!
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
