Life Lift Systems Shark Tank Update | Life Lift Systems Still In Business?
Life Lift Systems (From Shark Tank)
The company was founded by entrepreneurs Levi Wilson and Tim Todd, based in Oklahoma City, Oklahoma. Their innovation addresses the need for accessible and effective storm shelter solutions in residential settings, aiming to provide safety and peace of mind to homeowners in storm-prone areas.
Since its appearance on Shark Tank, Life Lift Systems has continued to grow its market presence, focusing on expanding its product line and enhancing its offerings in the storm shelter industry.
For more detailed information, you can visit their official website or view updates on their progress through various online sources.
The Vortex Vault Tornado Shelter Bed is an innovative new technology that allows for in-home protection from severe weather without sacrificing and additional space in your home
It is manufactured in Oklahoma but available throughout the United States via a dealer network. The storm shelter bed allows many advantages over traditional in-ground and above ground shelters and can be moved to different rooms or moved to a new home when you move.
It is also the perfect solution for wheelchair and mobility scooter users as well as those with limited mobility as they can easily access the shelter without the danger of accessing steps of a traditional in ground shelter.
The bed lift system also acts as high low option allowing for easier transfers back and forth from the bed to a wheelchair.
Description
Life Lift Systems Shark Tank Update
While Life Lift Systems/Vortex Vaults initially found success after their Shark Tank appearance, the company appears to have collapsed in the following years due to product quality issues, poor customer service, and potential legal troubles, leaving many customers dissatisfied and without a functioning storm shelter
Life Lift Systems shark tank update:
- After securing a $550,000 deal with Mark Cuban for 25% equity in Season 10, the company rebranded to Vortex Vaults in 2021 and was reportedly generating around $4 million in annual revenue as of April 2023.
- However, by October 2023, the company’s website and social media channels had gone dark, and a Kansas-based retailer called Storm Defense Systems said Vortex Vaults had gone out of business abruptly. The retailer stated that the company’s founder, Levi Wilson, had fired his business partner Tim Todd.
- Numerous customer reviews on sites like Shark Tank Shopper have reported major issues with the product, including alignment problems, the shelter getting stuck, and the company providing poor customer service and being unresponsive. Some customers said they felt unsafe using the malfunctioning shelters.
- There are indications that Vortex Vaults/Life Lift Systems may have faced legal issues, as the Kansas retailer mentioned a warehouse in Oklahoma City being locked up due to “some legal action.”
Life Lift Systems Still In Business?
Life Lift Systems/Vortex Vaults is no longer in business, likely due to product quality issues, poor customer service, and potential legal troubles, which led to the company’s abrupt collapse after initially finding success on Shark Tank. The company appears to have gone out of business sometime in late 2023.