Tngnt Ski Bikes Net Worth Shark Tank Update 2025

Winter sports lovers often face a problem: when it snows, they have to put their bikes away and wait for spring. Scott Carr and Bill Pierce, who loved mountain biking in the 1980s, found this frustrating. To solve it, they created Tngnt ski bikes, which are special bikes that let people ride even when there’s snow on the ground.

These ski bikes mix features from traditional bikes and skis, allowing for a fun and stable ride on snowy hills. They stand out because of their unique design that makes them easy to control and balance. Scott and Bill have developed several patented technologies to improve their bikes, including a special system to keep the skis attached securely. 

They pitched their idea on Shark Tank, asking for $200,000 in exchange for a 20% ownership of their company, showcasing their passion and engineering skills.

Tngnt Ski Bikes Net Worth Shark Tank Update 2025

Scott and Bill were looking for an investment of $200k in exchange for 20% equity in the company. At the time of the episode, they valued their company at $1 million. Scott and Bill successfully secured a deal with Robert for an investment of $200k for 40% equity in the company. The investment adjusted the company’s net worth to around $500k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Tngnt in 2025 is around $1.7 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Barbara Corcoran	Out	N/A	N/A
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	$200,000 for 40% equity	$200,000 for 30% equity	Yes
Mark Cuban	Out	N/A	N/A

Scott and Bill Backstory + Their Initial Pitch

Scott and Bill are two friends who love mountain biking, especially in Colorado. They noticed that winter made it hard to ride, so they dedicated years to creating a special bike that could handle snowy conditions. After a lot of hard work, they successfully developed a bike and patented their designs, leading to six years of experience in making these bikes before they showcased their product on Shark Tank.

On the show, they introduced two different bike models priced between $999 and $1,549. Each bike costs about $500 to produce. Although they had made $500,000 in total sales, which might seem small for some businesses, they highlighted how their unique technology sets their bikes apart from others on the market.

Some of the standout features of their bikes include:

– A steering system that lets riders shift their weight to steer, so no special skills are needed.

– Reduced chances of falling compared to skiing.

– It is compatible with existing ski lifts, allowing riders to easily access ski resorts.

– Sturdy design suitable for beginners and experienced riders alike. 

In short, Scott and Bill have worked hard to create an innovative bike for winter riding, aiming to make the experience safer and more accessible for anyone who loves adventure.

 Queries + Shark’s Responses, and Final Deal

Mark Cuban was the first to express his doubts. He mentioned that he didn’t think Tngnt would appeal to a large enough audience to be successful.

Kevin O’Leary shared his skepticism about whether the business could grow significantly. He felt that the current numbers did not justify an investment.

Both Lori Greiner and Barbara Corcoran decided not to invest either. They were worried that Tngnt wouldn’t attract a wide enough range of customers.

However, Robert Herjavec was interested in Tngnt and believed in its potential. He made a bold offer of $200,000 in exchange for a 40% stake in the company. Robert also had a plan to help promote the product by using his connections with famous Olympic snowboarder Shaun White. 

After some back-and-forth negotiations, where the founders of Tngnt suggested that they would give Robert 30% instead of 40%, they ultimately agreed to Robert’s original offer.

Product Availability

Tngnt currently offers two types of models for customers interested in their products. Entry-Level Model for $1,499 and Carve 2.0 Pro for $2,399. 

You can buy these models Directly from Tngnt’s official website. Also At certain ski resorts across North America that are partnered with Tngnt. 

Overall, Tngnt provides options for both beginners and those seeking professional quality, with flexible purchasing locations.

What Happened To The *Company After Shark Tank?

After appearing on Shark Tank,” Tngnt, a company that likely sells snow sports equipment, saw impressive growth in several areas. The company’s website saw 400% more visitors, meaning a lot more people were interested in what they were selling. They introduced a high-end version of their product called the Carve 2.0 Pro, priced at $2,399, showing they were expanding their offerings.

Tngnt began selling its products in Canada, broadening its customer base. Their annual earnings grew significantly, reaching $5.2 million.

However, by July 2024 Robert Herjavec, who was expected to help the company, had not become as involved as hoped. Still, Tngnt managed to do well on its own, achieving a valuation of $1.7 million. They teamed up with resorts, likely promoting their products in those locations.

They expanded their selection to include accessories like leashes and specialty skis, which added more sales opportunities. Positive word-of-mouth within snow sports communities helped build their reputation and attract more customers. 

Conclusion 

Tngnt is a company that appeared on Shark Tank, where entrepreneurs pitch their products to sharks. Tngnt focuses on a specific product designed for people who love winter sports, helping them continue to enjoy their favorite activities even when there’s snow on the ground.

When the founders, Scott and Bill, presented their product, the sharks were skeptical about how big the market for it really was. However, Scott and Bill were very passionate about their idea and worked hard to make it a success. Even though they didn’t end up making a deal with one of the sharks, the exposure from being on the show helped their business grow significantly.

For those who are enthusiastic about winter sports and looking for new adventures, Tngnt provides a unique way to keep enjoying the slopes during the snowy season.