Drones are becoming a big part of our lives. People use them for fun, making videos, or even delivering things. But most drones have limits. They can only fly so high or so fast. This can be frustrating for people who need more advanced features. That’s where XCraft steps in.
XCraft is a drone and airplane combined. It can switch modes to do more things and reach higher speeds. JD Claridge and Charles Manning, the founders of XCraft, came to Shark Tank to show how amazing their product is.
They explained how their drone can fly at speeds of up to 60 miles per hour. It can also reach heights of 10,000 feet. This makes it perfect for tracking objects that move fast. They also created a Phone Drone. This lets people turn their smartphones into drones.
The founders believed their products would change how drones are used. The entrepreneurs asked for $500,000 in exchange for 20% equity. Did the entrepreneurs get a deal on Shark Tank? Check out our XCraft update to find out!
XCraft Net Worth Shark Tank Update 2025
JD Claridge and Charles Manning asked for a $500,000 investment in exchange for 20% equity in XCraft. This meant they valued their company at $2.5 million. They made a deal with all five sharks for $1.5 million in exchange for 25% equity. This new deal valued XCraft at $6 million. After the show aired, XCraft 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 XCraft is about $9.66 million.
The company got a huge boost from appearing on Shark Tank. Even though the deal with all five sharks never closed, the show brought them a lot of attention. Their website crashed because so many people wanted to learn more about drones. The founders started a Kickstarter campaign right after the episode aired. They raised about $170,000 through this campaign. This helped them move forward.
In 2018, they raised over $1 million on StartEngine. This is a platform for funding. Today, XCraft has crowdfunded over $4.4 million. This shows that people are really interested in their products. The company is also working on new models. They are even talking to the Department of Defense. Before these talks, they were making about $5 million in annual sales. XCraft is still in business and growing. You can visit their website to see their latest updates.
XCraft’s pitch on Shark Tank was unforgettable. The entrepreneurs asked for $500,000 in exchange for 20% equity. But things changed quickly. All five sharks wanted a piece of the company. In the end, the sharks agreed to invest $1.5 million for 25% equity. This means each shark got 5%.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | $1 million for 20% equity | N/A | N/A |
| Kevin O’Leary | 1# $750,000 for 25% equity 2# $1 million for 25% equity 3# $1 million for 20% equity | N/A | N/A |
| Daymond John | $1 million for 25% equity | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| All the Sharks | $1.5 million for 25% equity | Yes |
XCraft Shark Tank Update
JD Claridge and Charles Manning are the creative minds behind XCraft. JD has a background in aviation. He always loved building and flying things. Charles, on the other hand, is a tech expert. He saw the potential in drones and how they could be more than just flying cameras.
The inspiration for XCraft came from a desire to make drones more useful. JD wanted something that could do more than just hover in one place. He envisioned a drone that could transform into an airplane. The two founders worked hard to turn this idea into reality.
They faced many challenges. Building a product that combines drone and airplane technology is not easy. They also needed funds to bring their product to the market. But they didn’t give up. Their hard work led them to Shark Tank.
JD and Charles entered the Shark Tank with confidence. They showed the sharks how their drone could switch from drone mode to airplane mode. They explained the technical details in a simple way.
The drone could fly at high speeds and reach heights that regular drones couldn’t. They also introduced their Phone Drone. This unique product allowed people to turn their smartphones into flying devices.
The entrepreneurs explained their business model. Each drone costs around $400 to make but sells for $1,899. They needed $250,000 for inventory. The other $250,000 would go into making the Phone Drone. JD and Charles were very clear about how they would use the money. Keep reading our XCraft update to see what happens next!
The sharks had many questions about the product. Kevin O’Leary asked about the cost and profit margins. JD explained that it cost $400 to make one drone, but they sold for $1,899. This meant there was a lot of room for profit.
Daymond John wanted to know about their competition. Charles explained that no other product could switch between drone and airplane modes like theirs.
Lori Greiner asked about safety. JD assured her that the drone had been tested and was safe to use.
Mark Cuban asked if they had any other offers from investors. Charles mentioned that some companies were interested but wanted to control the product. This made Mark feel more confident about investing.
Robert Herjavec wanted to know about the Phone Drone. JD explained how it worked and why it was a game-changer.
Each shark had a strong reaction to XCraft. Kevin O’Leary loved the profit margins and quickly made an offer. He started with $750,000 for 25% equity.
Daymond John liked the innovation and offered $1 million for 25%.
Lori Greiner matched Daymond’s offer. Kevin then increased his offer to $1 million for 20%. The bidding war made things exciting.
JD and Charles sensed they had the upper hand. They asked if all five sharks would join in for a $10 million valuation. The sharks hesitated. After a quick discussion, JD and Charles returned with a new offer. They asked for $1.5 million at a $6 million valuation. This would give each shark 5% equity. The sharks agreed, and the deal was made on the show.
Product Availability
The company’s drones are still available. They have expanded their product line with new models. These drones are more advanced and cater to different needs. You can find their products on their website. They are also in talks with the Department of Defense. This shows they are moving into larger markets.
The pricing starts at $1,899. This might seem high, but the features justify the cost. The drones are designed for professionals who need high performance. You can buy them online through their website. They also have crowdfunding options, so you can support their new projects.
Conclusion
XCraft’s journey on Shark Tank was filled with excitement. The company showed the world a drone that could do more than just fly. Although the deal with the sharks didn’t close, the show gave them huge exposure. They raised money through crowdfunding and continued to grow. Today, they are working on new models and exploring bigger markets like defense.
The founders’ hard work and vision have kept the company alive. XCraft is a great example of how appearing on Shark Tank can change a business’s future. We’ll keep an eye on their progress and share more updates in the future. Stay tuned for the next chapter in XCraft’s story!
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.
