Taking young children on bike rides can be a joyful experience, with fresh air, bonding time, anda healthy activity. But most families find existing bike setups for kids to be clumsy, unsafe, or simply not fun. Harnessing multiple child seats, trailers, or balancing on tandem bikes often ends in frustration and risk.
Aaron Powell saw this daily struggle firsthand. He wanted a better, safer way to bike with his little ones. After discovering cargo bikes in Sweden, he brought the idea back to the U.S., where such simple and sturdy solutions were still rare. His product, a three-wheeled electric cargo bike built to carry up to four kids, offered a smooth, engaging, and eco-friendly way to replace short car trips with family adventures.
In Shark Tank Season 12, Episode 18, Aaron asked for $250,000 in exchange for 10% equity. He offered the Sharks a demo and compelling financials. By the end, he walked away with a $100,000 equity investment and a $150,000 loan for 15% equity, thanks to Barbara Corcoran (later joined by Robert Herjavec), proving that this Dutch-inspired transportation solution found the right fit on American shores.
Bunch Bikes Net Worth Shark Tank Update 2025
Aaron was looking for an investment of $250k in exchange for 10% equity in the company. At the time of the episode, he valued his company at $2.5 million. Aaron successfully secured a deal with Barbara for an investment of $100k and a $150k loan in exchange for 15% equity in the company. The investment adjusted the company’s net worth to around $666k. After the show was aired, Bunch Bikes saw a big increase in website traffic, sales, and social media exposure. As per my rough estimate, the current net worth of Bunch Bikes is around $2.7 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Daymond John
Out
N/A
N/A
Lori Greiner
Out
N/A
N/A
Kevin O’Leary
Out
N/A
N/A
Barbara Corcoran
$250,000 for 40% equity$250,000 for 33.3% equity$100,000 + $150,000 loan for 15% equity
$250,000 for 20% equity$100,000 + $150,000 loan for 10% equity
Yes
Mark Cuban
Out
N/A
N/A
Aaron Powell Backstory + Their Initial Pitch
Aaron Powell’s story begins with a family trip to Malmö, Sweden, where he first saw his parents riding cargo bikes with their children. Those trips looked effortless and joyful. Back in Denton, Texas, he wanted that same ease and connection during his family outings.
He started Bunch Bikes in 2017, importing heavy-duty cargo bikes and building a direct‑to‑consumer model. The insulated cargo box seats multiple children, or even pets, and an electric motor assists in pedaling. But bringing a fully assembled bike to U.S. consumers posed challenges: shipping costs hit $450 per bike, and retail prices ranged from $4,000 to $6,000, far from impulse purchases for typical families.
Aaron prepared thoroughly for Shark Tank. He practiced his pitch, planned financial tables, and ensured he could deliver a clear demonstration. On the show, he highlighted early traction in sales,$2.7 million since 2017, with $2 million projected for the next year. He emphasized that beyond transportation, the bikes enabled family memories, sustainable habits, and hands-on lifestyle change.
Queries + Shark’s Responses, and Final Deal
Once Aaron presented the bike, the Sharks asked about its origins.
Mark Cuban noted the high price and saw inefficiency in capital use, saying that investors might be better off elsewhere. he bowed out.
Lori Greiner focused on originality. Aaron had replicated a Swedish design and did not own proprietary rights; this made her uncomfortable, and she declined, too.
Daymond John expressed concern over affordability; a $6,000 bike felt out of reach, and he passed. Kevin O’Leary pointed out long payback periods and said returns could be slow, as well.
That left Barbara Corcoran. She liked the product and saw potential in family markets. She offered $250,000, but wanted 40% equity, far higher than Aaron’s ask. Aaron countered, offering 20%, and Barbara replied with 33.3%.
In the final negotiation, they agreed to a creative structure: $100,000 for equity plus a $150,000 loan for 15%.
Today, Bunch Bikes offers several models through its website, fully assembled and delivered to the door. These include The Original, The K9 (for pets), and The Preschool. The new Bunch Connect is a two-wheeled electric cargo bike that can attach to a standard bicycle. There’s also a mini version designed for children to ride.
Prices range from around $6,499 for the original model to $6,999 for the preschool trike. The bikes are customizable with canopies, seats, colors, and accessories like rain covers and dog seats. Financing options such as Affirm (0% APR) are available.
Safety and quality are central: robust frames, seat belts, 500 W motor power, and full lab-tested weight capacity up to 600 lbs. Bikes ship fully assembled, making it easier for families to get started.
What Happened To The Bunch Bikes After Shark Tank?
When the episode aired in March 2021, Aaron’s company saw immediate gains in awareness. He reports that interest “millions of Americans now know that… family cargo bikes exist”. Orders surged, as projected by Shark Tank Blog, citing sales of $1.8 million and a major partnership with Lucca & Livvy Beverages for a $2 million bike order over three years.
By mid‑2021, Bunch Bikes had entered due diligence and closed the deal with Barbara and Robert. They then moved into a 12,000‑sq‑ft warehouse and ramped up operations. Though there was a CPSC recall in May 2023 affecting the Preschool model due to lead‑paint levels, the company resolved it promptly and maintained revenue at around $2.7 million through mid‑2024.
In early 2025, they offered new financing promos and updated safety specs. They now serve families across the U.S. and Canada, offering test rides, rebates, and active community engagement through events and digital channels.
Bunch Bikes shows how a simple idea rooted in family connection and sustainable transportation can evolve into a thriving business. Aaron’s pitch on Shark Tank addressed both heart and mind: a desire for quality family time, balanced with real sales and operations data. Despite criticism, Barbara’s investment and Robert’s joining helped him scale.
Since then, the company has launched new models, secured millions in sales, resolved quality challenges, and built a dedicated customer base. Bunch Bikes went from solving one family’s problem to empowering communities, and turning what felt like a European niche into a growing American movement.
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
