What Happened to Kymera Electric Body Boards After Shark Tank?
What is Kymera Electric Body Boards?
Kymera Body Boards are electrically driven surfboards. Rechargeable batteries power the boards. This is a fantastic alternative if you want to experience jet skiing but don’t want to spend a substantial chunk of your deposit.
Jason Woods designed the Kymera Body Board, a revolutionary new method to surf waves with just your body. Jason Wood lived in Napa and enjoyed going to the beach. Others like watching the ski jets in the sea, as he constantly notes, because not everyone can afford it.
Jason has decided to create a product that is more accessible to the general public. Jason graduated from a modern technology high school, where he acquired an interest in product design. Jason’s family assisted him in constructing a business that would allow him to accomplish his dream.
He devotes five years to commercializing his innovation. During this time, he supported himself financially by working as a light and video engineer at corporate events.
Who is the founder of Kymera Electric Body Boards?
Jason Woods founded the Kymera Body Board, a revolutionary new method to surf waves with only your body. The designer got dissatisfied with the exorbitant expense of renting expensive equipment for his surfing needs and set out to develop the perfect body board that would allow him to enjoy the ocean whenever he wished.
Woods is the most recent Kickstarter entrepreneur to appear on the show, but unlike previous Kickstarter in the Tank campaigns, the Kymera Body Board effort fell short of its lofty $250,001 goal. Woods raised around $165,000 but never paid out his Kickstarter funds.
He has been working on the Kymera Body Board for about a decade. It’s a lightweight and (relatively) inexpensive electric-powered personal watercraft in the shape of a surfboard.
When compared to jet skis that may cost up to $20,000, the $3,500 Kymera Body Board is a value. It’s light enough to carry like a surfboard, and the batteries can be charged with an optional solar charger, making it ideal for a day at the lake or beach. Before the initial air date, the boards are available for pre-order on the Kymera website.
What Happened to Kymera Electric Body Boards at Shark Tank pitch?
On Shark Tank episode 501, November 1, 2013, Jason Woods pitches his ultra-cool personal watercraft, the Kymera Body Board. Woods was searching for help from a Shark to get production up and running and to publicize the product.
Jason entered the Shark Tank seeking $250,000 in return for a 20% stake in his company worth $1.25 million. But left without a deal.
Kymera received a second shot in the Tank in episode 1020. Jason’s second appearances were aimed at obtaining $250,000 in return for a 5% stake in his company, which is worth $5 million.
The Sharks remember him, and he makes no attempt to hide his first meeting with them in the Tank. He notifies the Sharks that he has taken their advice and made big changes to his firm. He currently makes electric kayaks and surfboards in addition to Body Boards.
Jason eventually went “all in” with his company, resigning his job and recruiting Adam Majewski (who would join him onstage) to supervise operations.
This time in the Tank, the product is not a prototype, but a fully working model that is currently for sale. Jason also modified the power plant so that it could be used on a variety of boats.
Jason has spent more than $600,000 in the company since his last visit, and he has recently signed a deal with a well-known boat manufacturer. According to Jason, sales were strong. He needs a Shark to help him keep track of his inventory. This time, sharks are biting.
Kevin offers $250,000 in return for 5% stock and a $500 per board royalty until the $750,000 was repaid.
Daymond offers $250,000 in exchange for 10% stock and says he would help with production and licensing.
Robert believes they require further funds and offers $500,000 in exchange for 10% stock shares; Jason agrees and exits the pitch with a deal.
What Happened to Kymera Electric Body Boards After Shark Tank?
Since its first release, the Kymera Body Board has been in limited production on a “pre-order” basis, with delivery scheduled for August 2015. The item’s price has been upped to $2995. We’ll have to wait and see whether Kymera comes through!
Pre-orders for the boards are currently available for $3750 as of 2016. Kymera is also seeking for rental operators.
They do not sell directly to customers through their website as of early 2019, however they do sell through seven retail marine stores and 36 international distributors.
That might change when Jason appears in the Tank for the SECOND TIME in episode 1020, five years after his first participation.
Following his involvement in Season 10, the arrangement with Robert was never completed. The good news is that the boards are now available on the internet for $3995.00.
They also take “reservation requests” for electric kayaks, surfboards, and personal watercraft. Jason seems to have learnt his lesson!
As of November 2021, there are 23 dealerships globally. The products may also be bought straight from the company’s website. The firm is still in operation as of January 2022, with annual revenues of $5 million.
Competitors of Kymera Electric Body Boards
Kymera Electric Body Boards’ main competitor offers electric watercraft and jetski equipment for individuals and business rental companies.
Net Worth of Kymera Electric Body Boards
During and after the pitch, the firm was valued at $5 million. The company’s net worth is estimated to be $7.5 million.
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Kymera Electric Body Boards FAQs
What is Kymera Electric Body Boards?
Kymera is a firm situated in Irvine, California that manufactures its own boards. The board is a lightweight and (relatively) inexpensive electric propelled personal watercraft in the shape of a surfboard.
Who is the inventor of Kymera Electric Body Boards?
Jason Woods invented the Kymera Body Board, a revolutionary new method to surf waves with only your body.
How much money was sought on Shark Tank?
Jason was seeking for $250,000 in exchange for a 5% stake in his company.
Is Jason the one who got the deal?
Yes, Jason Woods obtained a $250,000 deal from Robert Herjavec in exchange for a 10% stake in the firm.
Is Kymera Electric Body Boards still operational?
Yes, Kymera is still in business and manufacturing its boards.
What is the cost of a Kymera Electric Body Board?
A Kymera Body Board now costs $3995.00 on the internet.
What colors are available for the Kymera Electric Body Board?
The Kymera Electric Body Board is available in blue and white.
What is the highest speed of the Kymera Electric Body Boards?
The rider’s weight, riding conditions, whether the water is salt or fresh, and a number of other elements all influence the rider’s speed. On average, Kymera can reach speeds of up to 20mph.
This calculation assumes a rider weighing less than 175 pounds. Users carrying 200 pounds may expect to reach speeds of up to 13 miles per hour.
Do Kymera Electric Body Boards ship internationally?
They only export to countries where we have distributors. This allows them to service and maintain the boards. To see which nations they sell to.
Is it feasible to travel with my Kymera Electric Body Boards?
Most airlines will accept the Kymera Body Board as an oversized bag/luggage. However, lithium batteries cannot be transported by airline. Furthermore, if clients choose for the battery, they must drive it there. To send a lithium battery by aircraft or freight, a certain certificate/license is necessary, which Kymera holds.
How long does it take for the Kymera Electric Body Boards battery to charge?
If the battery is entirely discharged, it will take around 2 hours to recharge using their optional rapid charger; otherwise, it will take about 8 hours.
What is the maximum weight capacity of Kymera Electric Body Boards?
Kymera can support up to 200 lbs.
How long is the warranty for Kymera Electric Body Boards valid?
Their warranty is non-transferable and only valid in the country in where the board was purchased. Boards purchased and utilized in rental businesses are not warrantied.
How much does it cost to hire an electric body board from Kymera Electric Body Boards?
And it’s not as expensive as they expected, with a current selling price of $1,900. That is hardly a low-cost option. They have, however, never ridden electric surfboards or e-foil boards costing less than $5,000. As a result, everything is relative when it comes to electric water activities.
How fast can Kymera Electric Body Boards travel?
The water glides lightly over users’ skin as they reach a peak speed of 10 mph, cooling them down while heating up their summer.
