Bart Lamont and Justin Krandel imagined revolutionizing lawn maintenance. Their business, Robin Autopilot, was founded to handle frequent problems in landscaping, such as erratic weather patterns and irregular laborers. They unveiled a service that combines human edging and trimming with robotic mowers.
The Robo-Mowers, as the robotic lawn mowers were called, could operate for up to 12 hours on a single charge before returning to their charging station. This service was designed to keep lawns immaculate no matter what the weather brought.
On Shark Tank Season 9, Justin and Bart asked for $500,000 in exchange for 5% ownership of their company. They departed the tank without a contract, despite their creative strategy.
This post will examine what transpired with Robin Autopilot following Shark Tank and whether the business was successful even without an investment. Will the entrepreneur get a deal on Shark Tank? Check out our Robin update to find out!
Robin net worth 2024
Bart Lamont and Justin Krandel asked for a $500k investment in exchange for 5% equity in their company. This meant they valued their company at $10 million. They left the tank without a deal, maintaining that valuation. After the show aired, Robin Autopilot saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of MowBot in 2024 is about $9.2 million.
Robin Shark Tank Update
In terms of a Robin update, Significant adjustments were made to Robin Autopilot following their Shark Tank participation. The Fahey firm is a holdings firm with headquarters in Ohio that purchased the business in July 2019.
It appears that Justin and Bart, the company’s founders, may have sold their shares because they are no longer mentioned on the team or investor pages. Robin introduced a new steering system in September 2020 to improve the mowers’ performance in confined areas.
Additionally, they joined together with TurfBot Mowing to provide a subscription service for lawn care companies. Under this approach, businesses can use Robin’s goods in exchange for a monthly charge.
Robin wanted to hire 150 landscaping companies by 2021, having hired 40 by 2020. August 2022 saw the company change its name to MowBot. Currently, MowBot brings in more than $7.3 million annually.
No, Shark Tank failed to approve a deal for Robin Autopilot. In their company pitch, Bart and Justin requested $500,000 in exchange for 5% stock. They talked about their prospects for growth and revenue while showcasing their cutting-edge robotic lawn care service. But none of the Sharks put forth a bid. Daymond John, Robert Herjavec, Richard Branson, Lori Greiner, and Mark Cuban all made the decision not to invest in the business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Richard Branson | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Robin Shark Tank pitch
Bart Lamont and Justin Krandel started Robin Autopilot in order to address issues they were having in their own landscaping company. They desired to solve the problems of dishonest employees and whether that could influence their operation.
Their concept was to deliver dependable and regular lawn maintenance through the use of robotic mowers. Managing fenced yards and other obstacles while combining robotic technology with conventional lawn care services proved a difficulty. They had trouble growing the technology and convincing financiers of its possibilities.
In our Robin update research, Justin and Bart demonstrated their robotic lawn care business on Shark Tank. They want $500,000 in exchange for a 5% stake in their company. They described how their Robo-Mowers operated and how their fenced-in yards were intended to be navigated.
The $3 million in income and 10,000 jobs each month serviced by the founders were emphasized. They wanted to build their company, but in order to do so, they required funding. Though they had a compelling case and an original concept, the Sharks declined to make them an offer.
In regard to a Robin update, The Sharks asked several questions concerning Robin Autopilot during the pitch. They were curious about the company’s plans for growing without sacrificing the standard of their offerings.
Lori Greiner asked if Robin should be a service-oriented company instead of one that focuses on products. Mark Cuban was worried about how long it would take to grow the company. Robert Herjavec wasn’t convinced of the company’s growth prospects, while Richard Branson believed the valuation was high. Daymond John declined as well. The business model’s sustainability and scalability were questioned by the Sharks.
The Sharks’ replies were overwhelmingly negative. Lori Greiner thought that rather than providing a service, the business strategy should concentrate on selling things. Mark Cuban believed that it would take too much time to scale the company.
Robert Herjavec did not see substantial growth potential, while Richard Branson thought the valuation was overpriced. It was Daymond John’s decision not to invest. Bart and Justin exited the tank without a contract because there were no offers on the table.
On Shark Tank, Robin Autopilot had numerous difficulties. The Sharks had doubts about the business’s capacity to grow efficiently. According to Lori Greiner, a product should be the main focus instead of a service model. Scaling, in Mark Cuban’s opinion, would be too sluggish.
The valuation, in Richard Branson’s opinion, was excessive. Daymond John did not recognize the investment potential, while Robert Herjavec failed to see a clear path for major expansion. All of the Sharks decided not to take the chance because of these worries. Even though there was no deal. Robin Autopilot changed and succeeded by rebranding and using fresh business tactics.
Product Availability
Following its rebranding as MowBot, the business charges lawn care companies a monthly fee to utilize the Robot-Mowers. This subscription model is offered by means of partnerships with different landscaping firms.
MowBot makes its goods and services available to customers through partnerships and franchising agreements rather than selling them directly to them. The company’s website is up to date and contains specifics on pricing and availability in addition to information about services and franchising opportunities.
Conclusion
Shark Tank’s journey for Robin Autopilot was difficult at first, but eventually fruitful. The business modified its business plan and changed its name to MowBot even though it was unable to get a deal on the show. By using a subscription-based strategy, they were able to reach a wider audience and experienced rapid development, generating over $7.3 million in revenue annually.
Despite initial investor support, the company’s novel robotic lawn care approach has shown efficaciousness. As of right now, MowBot is still developing and growing, with new upgrades and possible future expansions. Future advancements could see a wider market reach and more advancements in robotic technology, with an eye toward how MowBot continues to influence the gardening sector.
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.
