GeoOrbital is a product that wants to change the way we ride bicycles. The idea behind it is simple. The GeoOrbital wheel turns any normal bike into an electric bike in less than a minute. The founders Michael Bertov and Dakota Decker wanted to solve a common problem for cyclists. Many people don’t want to ride their bikes because they fear getting tired or sweating too much.
They also worry about going up hills. They wanted to make an electric bike that was easy to use. This led to the creation of GeoOrbital. They came on Shark Tank to get funding and grow their business. They asked for $500,000 for 5% of the company. They hoped the sharks would like the idea and help them reach more customers. Will the entrepreneur get a deal on Shark Tank? Check out The GeoOrbital update to find out!
GeoOrbital Net Worth Shark Tank Update 2025
Michael Bertov and Dakota Decker asked for a $500k investment in exchange for 5% equity in their company. This meant they valued their company at $10 million. They did not make a deal with any of the sharks. After the show aired, GeoOrbital saw a big increase in website traffic, sales, and social media exposure. However, the company’s growth slowed in later years, and it appears to no longer be in business as of 2025. The current net worth of GeoOrbital is estimated to be $0.
In our GeoOrbital update research, After their pitch on Shark Tank GeoOrbital continued to grow. They had a successful Kickstarter campaign before going on the show. This raised over $1.2 million. They also won awards like the Edison Award for Innovation in 2018. They were named one of Time Magazine’s “Inventions of the Year” in 2019. These accomplishments helped the company build its reputation.
They sold their product through big retailers like Amazon, Best Buy, and Brookstone. However, things started to slow down. By 2020, their social media pages stopped updating. Their website was no longer selling their products. They also stopped appearing on major retail sites. It is unclear what happened after 2020. It seems that the company is no longer active. Based on available information it looks like GeoOrbital may no longer be in business.
In terms of a GeoOrbital update, GeoOrbital did not get a deal on Shark Tank. They asked for $500,000 for 5% of their company. They presented their idea well and showed the sharks how the GeoOrbital wheel worked. They had already raised a lot of money on Kickstarter. The product was getting attention and sales were growing. But the sharks were not impressed with the price point.
They also didn’t feel that the company had a clear path to success. Mark Cuban didn’t like the price and dropped out. Lori Greiner didn’t see a good future for the product and was out. Kevin O’Leary wanted to buy the mini bike but didn’t want to invest in the company. Chris Sacca didn’t want to get involved in retrofitting bikes. Barbara Corcoran also wasn’t interested in investing. In the end, none of the sharks made an offer.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
GeoOrbital Shark Tank pitch
The goal of Michael Bertov and Dakota Decker was to make riding a bicycle more enjoyable and easier. Their personal bike experiences served as the inspiration for GeoOrbital. They observed that a lot of people had trouble riding standard bikes. Some were afraid they might become fatigued or run out of breath so they didn’t want to ride their bikes. Biking up slopes was disliked by some.
They believed that these issues could be resolved by an electric bike. However, the majority of electric bikes were too heavy and costly. The thought of needing to purchase a brand-new bike also turned off other folks. Michael and Dakota therefore devised a solution. They invented an electronic wheel that installs itself. Any standard bike may accommodate this wheel.
The bike would be converted to an electric one in sixty seconds. They worked hard to develop this product. They spent time and money designing a wheel that was easy to use. They even patented their invention. After a successful Kickstarter campaign, they were ready to take their product to the next level.
Michael and Dakota excitedly presented their invention as soon as they entered the Shark Tank studio. They described the operation of the GeoOrbital wheel. They demonstrated how to install it on any bike in less than 60 seconds. The hub of the wheel was equipped with an electric motor. Smaller wheels inside the main wheel were powered by this motor. The bike could reach 20 miles per hour thanks to the powerful motor.
Without pedalling, the wheel could carry a rider up to 20 kilometers on a single charge. They added that the range could reach 50 miles if the rider pedaled. They demonstrated its ease of installation to the sharks.
All you needed to do was swap out the standard front wheel for the GeoOrbital one. Then you just activated the throttle and began to ride. The wheel functioned exactly like any other bike. It had the same brakes and pedals as a non-electric bike.
The founders want $500,000 in exchange for 5% of their business. They clarified that they had previously raised more than $1 million on Kickstarter and were selling the goods. Additionally they were receiving positive comments from clients. It was their hope that the sharks would recognise the potential in their product and assist them in expanding their company.
The sharks had a lot of questions about the product. They wanted to know more about how it worked and what made it different from other electric bikes. Kevin O’Leary was the first to try the wheel. He was impressed by how fast it went. He took it for a spin and saw how easy it was to use. Barbara Corcoran was also interested in trying it. She jumped on a bike and went for a ride down the hallway.
She was nervous about hitting the wall at the end but was impressed with the product. The sharks asked about the price of the wheel. Michael and Dakota explained that it would retail for $950. The sharks wanted to know if that price was competitive. Some sharks thought it was too high. They wondered if it would be cheaper to buy a whole electric bike instead. The founders argued that their product was cheaper and more flexible.
With GeoOrbital people didn’t need to buy a new bike. They could just upgrade their current bike to electric. The sharks also wanted to know about the company’s sales and growth. Michael and Dakota shared that they had raised $1.26 million on Kickstarter and had generated over $200,000 in sales. They were going to start shipping the product in two months.
They had already sold some units through their website and had received positive feedback. The founders also talked about how they were working on a mini electric bike that could be sold in addition to the wheel. However, they made it clear that the mini bike was a side project and not their main focus.
The sharks weren’t sufficiently impressed to offer a deal. The first person to leave was Mark Cuban. The product’s pricing point didn’t appeal to him. He believed that the typical consumer could not afford it. Lori Greiner left as well. She didn’t believe the business had a clear long-term goal. The idea appealed to Kevin O’Leary but he was unwilling to invest. He stated that while he would purchase the small bike, he had no interest in investing in the business.
The idea of retrofitting outdated bikes did not sit well with Chris Sacca. He would rather spend his money on brand-new electric bikes than ones that could be mounted on an already-existing bike. Barbara Corcoran declined the offer as well. She said she would buy the mini bike but wasn’t interested in investing in the company. In the end, none of the sharks made an offer.
What Went Wrong With GeoOrbital On Shark Tank?
The cost was the primary deterrent for the sharks. The sharks believed that the wheel could not handle $950. They reasoned that purchasing an entire electric bike would be more cost-effective. Retrofitting vintage bikes was not seen by the sharks as the way of the future. Electric bikes that were intended to be electric from the beginning were what they wished to get.
The competition was another factor that made the sharks reject the arrangement. The bicycle market is fiercely competitive. Electric bikes and their parts are produced by numerous firms. The sharks were worried that these larger businesses would be too strong for GeoOrbital to compete with. They also questioned the company’s ability to grow and expand its market reach.
Product Availability
GeoOrbital offered a unique product. The electric wheel could be installed on any regular bike. It was available in two sizes: 26 and 28 inches. These sizes fit most standard bicycles. The wheel had a built-in electric motor that made it easy to go up hills and travel long distances. It had a throttle that allowed the rider to control the speed. The product also had solid tires instead of air-filled ones, which helped prevent flat tires.
GeoOrbital was available for purchase on their website and through major retailers like Amazon, Best Buy, and Brookstone. The retail price was $950. The product was shipped directly to customers. However, by 2022 GeoOrbital products were no longer available on their website or major retail sites. It appears that the company stopped selling its products and is no longer in business.
Conclusion
GeoOrbital was a promising idea that brought innovation to the world of cycling. The electric wheel made it easy to turn any bike into an electric one. Despite not getting a deal on Shark Tank the company found success early on with crowdfunding and awards. However, it seems that the company is no longer active as of 2024. The product is no longer available for purchase and the company has stopped updating its social media. It is likely that GeoOrbital is out of business, but it remains an interesting example of how innovation can sometimes struggle to find long-term success.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
