What Happened to Electra Beverages After Shark Tank?
What is Electra Beverages?
Electra Beverages is a company that sells sports nourishment. Their rehydrating drink comes in three flavors: Passion Punch, Litty Lemonade, and Oh Yeah Orange.
It is designed for athletes as well as the average on-the-go person, and it contains a number of essential vitamins, minerals, and electrolytes. It also has very little sugar or artificial sweeteners.
The business was formed by Fran Harris, a former WNBA player in the United States who previously played professionally in Switzerland. She received her bachelor’s degree from the University of Texas and has worked as an ESPN analyst and college basketball coach.
Through her trading business Fran Harris Enterprises, LLC, she not only supervises Electra but also provides motivational speaking, mentorship to players and coaches, and sports facility development advice.
Who is the founder of Electra Beverages?
Fran Harris founded Electra, which has offices in Dallas and Austin. Harris is a former WNBA basketball player who claims to have consumed “hundreds of hydration drinks” over the previous 30 years. She also worked as a health and beauty sales professional for Proctor & Gamble.
She didn’t like the hydration drink options on the market (a $23 billion business dominated by Gatorade), so she set out to make her own.
Oh, yeah, passion punches! Her three favorite flavors are orange and Litty Lemonade. Each 16 ounce container includes vitamins, amino acids, antioxidants, and electrolytes, but no artificial colors or chemicals are used.
She contributed to the company’s early 2020 debut with a $7212 IndieGoGo campaign. Harris is no stranger to the small screen.
She has been on Good Morning America, Nowadays, CNN, CNBC, and MSNBC as a life and business advisor, in addition to competing in collegiate and professional sports on television.
What Happened to Electra Beverages at Shark Tank pitch?
Fran Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210. She wants a Shark to help her navigate the rivers and to have extensive retail distribution.
Fran entered the pitch seeking for $350,000 for a 20% stake in her firm, which was valued at $1.75 million.
Fran introduces herself, the product, and hands out samples. The Sharks like it, but there are many reservations about how difficult it is to get into the beverage market.
Fran has practically no sales because her company is still in its infancy. She claims she requires the funds for a manufacturing run, research and development, and marketing support. The Sharks all exit when Fran says she has a pair of excellent players eager to join the team.
When Barbara hears of this, she offers $100,000 in addition to a $250,000 line of credit in return for 30% ownership of the company. Fran must include one of the two anonymous athletes in the mix for the offer to be accepted. Fran takes the pitch and leaves with a deal.
What Happened to Electra Beverages After Shark Tank?
This episode was re-aired for the first time just two months after it first aired. There is no indication that the deal has been completed, and the firm has not been posted on Barbara’s website, implying that they are still in due diligence.
Since it initially aired, this new advertising has been released: As of July 2021, the deal with Barbara appears to have fallen through. Electra is only available on the company’s website and is not available in any stores.
The company is still in business as of January 2022, and the yearly revenue has not been reported.
Competitors of Electra Beverages
Electra Beverages’ main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab.
Net Worth of Electra Beverages
During the pitch, the firm’s value was $1.75 million; however, the company is still in operation as of January 2022.
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Electra Beverages FAQs
What exactly is Electra Beverages?
Electra Beverages is a company that sells sports nourishment. Their rehydrating drink comes in three flavors: Passion Punch, Litty Lemonade, and Oh Yeah Orange.
It is designed for athletes as well as the average on-the-go person, and it contains a number of essential vitamins, minerals, and electrolytes. It also has very little sugar or artificial sweeteners.
Who is the founder?
Fran Harris founded Electra, which has offices in Dallas and Austin. Harris is a former WNBA basketball player who claims to have consumed “hundreds of hydration drinks” over the previous 30 years. She also worked as a health and beauty sales professional for Proctor & Gamble.
How much was seeking on Shark Tank?
Fran was seeking $350,000 for a 20% stake in the company, which was valued at $1.75 million on the show.
Did Fran have a deal on Shark Tank?
Yes, she had a deal with Barbara Corcoran.
How much money did Barbara Corcoran put up?
Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company.
Is Electra Beverages still in operation?
As of January 2022, the company is still in operation.
Where is Electra Beverages located?
They have offices in Austin and Dallas.
What website does Electra Beverages have?
Their website address is https://idrinkelectra.com/
Is Electra Beverages safe to drink?
Because they employ natural components in the creation, they say their product is safe to drink and devoid of any artificial colors, chemicals, and preservatives. They’re also gluten-free, so anyone with that ailment may consume their beverage without worry.
Electra Beverages sells how many products?
The three available flavors are Passion Punch, Oh Yeah Orange, and Litty Lemonade. These are available in 16 FL oz. liquid containers with no added sugar, artificial additives, or preservatives for $2.99 each.
What is the claim to fame of Electra Beverages?
Athletes are Electra’s target market. This product provides people with energy without making them feel bloated.
Is Electra Beverages available for shipping?
Yes, it may be transported to any nation; however there will be an additional charge. Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. sports drink container, which costs $2.99.
Does Electra Beverages ship to countries other than the United States?
At the moment, this product is only accessible in the United States.
Are there any adverse effects of drinking Electra Beverages?
Because the product is created from natural materials, there are no known adverse effects.
What is the promo code for Electra Beverages?
As of January 2022, Electra Beverages’ website does not presently offer a promotional code.
How long will it take Electra Beverages to deliver my order?
Depending on the area, Electra Beverages will deliver the order within 7 days.
Where can I get Electra Beverages?
This product is widely accessible in Walmart shops around the United States.
How do I make a payment to Electra Beverages?
Electra Beverages accepts only credit cards as payment.
What was the sales model of Electra Beverages?
They were marketing the product to athletes and other active people who were on the go during the off-season. They also stated that they would like to promote the product to professional boxers, MMA fighters, and other sportsmen that require a rapid way to hydrate while fighting/training.
Who is the CEO of Electra Beverages?
Fran Harris is the President and CEO of Electra Beverages.
