Revolights Net Worth Shark Tank Update 2025

Kent Franovich aimed to enhance nighttime biking safety. He observed that standard bike lights illuminated solely in the forward direction. This put riders at risk from the sides. Revolights were invented by Kent. These lights utilized LEDs on bicycle rims. They illuminated the path in front and enhanced visibility on the sides. His concept was clever and one-of-a-kind. Kent introduced Revolights to Shark Tank.

He sought $150,000 in exchange for 10% of his business. He wished the Sharks would assist him in reducing expenses and increasing revenues. Inside the tank, Kent presented his product and vision. He demonstrated how Revolights functioned. In one year he had sold lights totaling $600,000. However he required assistance to achieve a profit. Will the entrepreneur get a deal on Shark Tank? Check out the Revolights update to find out!  

Revolights Net Worth Shark Tank Update 2025

Kent Frankovich went on Shark Tank asking for $150,000 for 10% of his company. This meant he thought his business was worth $1,500,000. He made a deal with Robert Herjavec for $300,000 for 10%, raising the valuation to $3,000,000. The episode was aired on March 7, 2014. The smart bicycle lighting company operated for several years before shutting down. The current net worth of Revolights is $0 in 2025.

Revolights had a strong start after Shark Tank. The deal with Robert Herjavec helped the company grow. Bikers loved the product. It became popular in the cycling world. Revolights were sold online and in stores. But in 2019 Kent announced the company was closing. He shared the news with fans. He said there were personal and professional reasons for the decision.

This was a sad end for a great idea. Today, in 2024, Revolights is no longer in business. Fans still remember it as a helpful and innovative product.

Yes Kent got a deal on Shark Tank. Robert Herjavec offered $300,000 for 10% of Revolights. Kent accepted this offer. Robert believed in Kent and the product. The deal gave Kent a chance to grow his company.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Lori Greiner	Out	N/A	N/A
Robert Herjavec	$300,000 for 10% equity	N/A	Yes
Kevin O’Leary	$150,000 for 7% royalty	N/A	N/A
Daymond John	$300,000 for 30% equity	N/A	N/A
Mark Cuban	Out	N/A	N/A

Revolights Shark Tank pitch

Kent Franovich had a passion for bicycles and technology. He aimed to enhance safety in biking for all. He noticed an issue with bicycle lights. The majority of the lights illuminated only ahead. Motorcyclists were difficult to spot from the sides. Kent applied his expertise as a mechanical engineer to address this issue. He created Revolights. These lights utilized LEDs along with an accelerometer.

The lights illuminated the path where the bike was heading. They additionally illuminated the sides. Developing Revolights was challenging. Kent encountered numerous obstacles. Creating the lights was costly. Marketing them on the Internet was difficult. He required assistance to share his concept with a larger audience. That’s the reason he appeared on Shark Tank.        

The presentation made by the student was both clear and intelligent. He detailed the issue with bicycle lights. He then demonstrated how Revolights addressed the issue. He demonstrated to the Sharks how the lights functioned. They were simple to set up and appeared fantastic. 

Kent revealed his sales figures. In a year, he sold Revolights totaling $600,000. The majority of sales occurred online. Every unit was produced at a cost of $100. The cost was $139 for a single wheel and $229 for a pair. However, the business had not achieved profitability yet. 

Kent requested $150,000 in return for 10% ownership of his firm. He sought assistance to reduce expenses and increase revenue. The Sharks paid attention. They posed numerous inquiries.         

The Sharks exhibited interest in the product. Kent was asked numerous questions. They were interested in the sales information. Kent mentioned that he sold $600,000 in a single year. The majority of sales occurred online. 

The Sharks inquired about expenses. Kent mentioned that the cost to produce each unit was $100. The cost was $139 for a single wheel or $229 for a pair. The Sharks believed the profit margin was limited. 

The Sharks inquired about patents as well. Kent stated that his product has a patent. This made it difficult for others to replicate. They inquired about the intended audience. Kent stated that his primary customers were cycling enthusiasts. However, he aimed to connect with a larger audience.            

Daymond John was the initial one to present an offer. He proposed $300,000 in exchange for 30% of the business. Kent believed this was excessive equity.  Kevin O’Leary proposed $150,000 in exchange for a 7% royalty on each unit sold. Kent was unhappy with the royal proposal. He sought an equity agreement. Robert Herjavec presented the top proposal. He proposed $300,000 for a 10% share.

Kent was fond of this arrangement. However, he inquired whether there were additional offers. Mark Cuban was not happy. He believed Kent was utilizing Shark Tank for exposure. Mark withdrew from school. The remaining Sharks were concerned as well. They suggested that Kent should agree to Robert’s proposal. Kent agreed to Robert’s offer. He exited the tank wearing a broad grin.           

What Went Wrong With Revolights On Shark Tank?

Mark Cuban thought Kent was not serious. He said Kent only wanted publicity. This made the other Sharks worried. Some Sharks thought the profit margin was too small. They said the costs were too high. They thought it would be hard to make money. The Sharks also said the product was for a small market. They wanted Kent to expand his audience. 

Product Availability

Revolights were a unique product. The lights used LEDs and an accelerometer. They lit up the road ahead and the sides. This made biking safer at night. The product came in two options. One was a kit for existing wheels. The other was a wheel with pre-installed lights.

Revolights were sold online and in stores. The company had a website where people could buy them. The price was $139 for one wheel or $229 for two wheels. Revolights were popular among bikers. People loved the safety and style.

Conclusion

Revolights had a bright start. Kent Franovich created a smart product. He got a deal on Shark Tank with Robert Herjavec. But the company closed in 2019. Kent said personal and professional reasons led to this decision. Fans still remember Revolights as a great idea. It made biking safer and more fun.