What Happened to Brake Free Helmet Light After Shark Tank?
What is Brake Free Helmet Light?
Brake Free is a detachable helmet item designed to increase motorcyclists’ visibility and safety on the road. Brake Free detects when a bike’s speed decreases and is wireless, app-free, and simple to install on the majority of helmets.
Because the components are detachable, they may be used by several helmets or users. Brake Free was created by two motorcycle enthusiasts, Henry Li and Alexander Arkhangelskiy.
Li formerly worked as a mechanical Engineer for companies such as Wolfe Engineering, zSpace 3D, Fitbit, and castAR.
Arkhangelskiy had previously worked for Parrot Cellular, EGO Boutique, and AT&T before putting his business degree to action when they started their own company.
Who is the founder of Brake Free Helmet Light?
Brake Free was established by two motorcycle enthusiasts, Henry Li and Alexander Arkhangelskiy. Li conceived the idea while working for a Silicon Valley software entrepreneur.
He is concerned about safety as an avid motorcycle rider; therefore he formed a team to assist in the creation of the equipment. The first prototype was finished in 2014.
Brake Free is safer than regular motorcycle lights since the helmet is at eye level for other drivers. Motorcycle brake lights are too low and too small.
The lights, which are actually a collection of small LED lights, get brighter while braking or decelerating. Because the light mounts to the back of any motorcycle helmet, no other equipment is necessary.
According to Li, it’s a totally wireless device that “knows” when to light up owing to “gyro meters and accelerometers with a powerful and unique braking detection algorithm.” In other words, it’s a smart brake light.
With a $259,797 IndieGoGo campaign in April of 2017, the company finally took off. Due to manufacturing and shipping issues, certain pre-orders may not be delivered until spring 2020.
They’ve now ironed out the kinks, and Brake Free is now available for $169.99 on their website. They also provide a number of accident protection plans.
What Happened to Brake Free Helmet Light at Shark Tank?
Henry Li and Alex Arkhangelskiy seek a deal for Brake Free, a smart LED brake light for motorcycle helmets, in Shark Tank episode 1125. Given their difficulties with manufacturing, they are searching for a Shark to help them navigate that sector of the company.
Henry and Alex entered the Shark Tank in seeking $200,000 in return for a 10% stake in their company, which worth $2 million.
They tell their story, make their argument, and then hand out samples. They provide the Sharks with information on their IndieGoGo sales and costs.
Each device costs $43 to manufacture and retails for $169. They want the money from Shark Tank to help them scale up.
Barbara tells the guys that she should be clutching this because her brother was paraplegic after being hit by a truck while riding his motorcycle, but she doesn’t think they’ll be able to sell it; she’s out.
Lori likes the goods, but she doesn’t invest in things that have a significant level of responsibility, so she’s out.
Robert thinks it’s a terrific idea and has offered $200,000 for 20% equity shares.
They want to hear from Mark, which irritates Robert. The guys ask Mark and Robert whether they want to work together, and the Sharks agree.
The guys ask if Mark and Robert want to join, and the Sharks accept. They strike a deal with Mark and Robert for $200,000 for 20% equity shares, and they depart the pitch with the deal from two Sharks.
What Happened to Brake Free Helmet Light After Shark Tank?
The deal with Mark and Robert was never completed when the gentlemen departed the ground with the deal from two Sharks. For the guys, the money was superfluous.
As of June 2021, they have sold over 7000 pieces, totaling over $1 million in sales (six months after broadcasting in December 2020).
They are now only available in the United States, but they intend to grow into a global brand in the future. The firm is still in operation as of January 2022, with annual revenue of $3 million.
Brake Free Helmet Light’s Net Worth
During the pitch, the firm was valued at $2 million; nevertheless, the company is still in operation as of January 2022, with yearly sales of $3 million, and so the company net worth might have been higher than that of pitch.
Brake Free Helmet Lights FAQs
What exactly is a Brake Free Helmet Light?
Brake Free is a detachable helmet item designed to increase motorcyclists’ visibility and safety on the road. Brake Free detects when a bike’s speed decreases and is wireless, app-free, and simple to install on the majority of helmets. Because the components are detachable, they may be used by several helmets or users.
Who created this?
Brake Free was created by two motorcycle enthusiasts, Henry Li and Alexander Arkhangelskiy.
How much did they want for on Shark Tank?
They wanted $200,000 in return for a 10% stake in their firm, which was worth $2 million.
Were they able to close the deal?
They did, indeed. They walked away from the pitch with a deal from Mark Cuban and Robert Herjavec.
How much money did they put in?
They put out $200,000 for 20% stock holdings in the firm, but the deal never finalized.
Is the company Brake Free Helmet Light still in operation?
Yes, Brake Free is still in operation in January 2022.
How much income does Brake Free Helmet Light generate?
As of January 2022, they have made $3 million in sales.
Where can I find the Brake Free Helmet Light?
They have their headquarters in San Francisco, California.
What is the Brake Free Helmet Light website?
Their website is located at http://www.brakefreetech.com/.
Is the Brake Free Helmet Light effective?
Yes, they are a working product that is being marketed successfully.
Is Brake Free Helmet Light available for shipping?
They do, in fact, ship all over the world.
How much does the Brake Free Helmet Light cost?
As of January 2022, the selling price of Brake Free Helmet Light is $169.
Where can I purchase Brake Free Helmet Light?
Their product is available for purchase on their website as well as on Amazon.
How does the Brake Free Helmet Light headset appear?
The headset has three buttons and maybe simply fitted to any helmet with a back vent. The buttons are used to detach the brake light from the helmet and to switch between red, yellow, and green lights (the colors indicate how much braking your bike is doing).
What is the operation of the Brake Free Helmet Light?
The headgear has three buttons for releasing the brake light and changing the colors.
What is the operation of the Brake Free Helmet Light?
Brake Free is a high-intensity smart LED brake light that dramatically improves motorcycle visibility. It connects to the back of the current helmet, and its sensors alert others if they slow down brakes, engine braking, or downshift. Brake Free is now available to buy!
When the Brake Free Helmet Light glows, what does it mean?
When the brake light appears, it implies that the car is either low on braking fluid, the emergency brake has been activated, the ABS unit is malfunctioning, or the sensors are malfunctioning. Most cars include a sensor that detects whether or not the parking brake is engaged.
How can I make a payment for Brake Free Helmet Light?
Credit cards, PayPal, and bank transfers are all accepted methods of payment.
What happened to the founders?
Brake Free Helmet Light was co-founded by Henry Li, who has a technological expertise. Brake Free Helmet Light was co-founded by Alexander Arkhangelskiy, who has an experience in advertising.
