PolarPro CEO Jeff Overall showed up on Shark Tank, where the Sharks offered 1,000,000 dollar live deal, promising the organization would get into the cell phone adornment market.
PolarPro later collaborated with OtterBox to make seven frill for the case producer’s new measured environment.
What is PolarPro?
PolarPro is a firm that produces great embellishments for GoPro cameras, cell phones, and robots, for example, receivers, stands, cameras, mounts, expansion shafts, channels, and cases.
PolarPro is a California-based organization that takes special care of activity sports lovers and producers around the world. PolarPro follows a straightforward plan of action.
Jeff Overall established the organization to make, fabricate, and circulate adornments for famous cameras like the GoPro.
PolarPro Shark Tank
Generally entered the tank with a couple of mark items that he was especially glad for. He planned to show the GoPro augmentation shaft he made called the PowerPole.
The special component of this device is that clients can charge their cameras while recording themselves from different points while utilizing it to record selfies.
PolarPro’s most well known item then, at that point, however he likewise needed to grandstand a couple of others.
Organization Name PolarPro
Entrepreneur Jeff Overall
Product Accessories for GoPro and camera
Speculation Asking For $500,000 for 10% value in PolarPro
Last Deal $1,000,000 for 20% value in PolarPro
Shark Robert Herjavec and Mark Cuban
Episode Season 7 Episode 8
Business Status In Business
Website Visit Website
Who is the Founder of PolarPro?
Jeff Overall is the pioneer behind PolarPro, a California surfer and business visionary who started by assembling snap-on channels for GoPros and drones.
He pitched his worthwhile firm to Shark Tank in 2015 and made an agreement with two sharks: Robert Herjavec and Mark Cuban contributed $500,000 each in return for a 10% stake.
PolarPro Before Shark Tank
PolarPro as of now offers a large number of Go Pro frill, which have gotten many captivating (dominatingly positive) surveys.
PolarPro outside receivers were accounted for to have network issues in past audits, however the organization tuned in and answered expeditiously.
PolarPro likewise offers channels for the DJI Phantom Drone, which right now has a 4.5-star rating on Amazon.
Each of the five-star audits have been checked, however just two surveys give this item three unsubstantiated stars.
The PolarPro 3-Pack Polarizer Kits for the GoPro Hero4 and Hero3+ (the item I’m keen on) has a surprising 4.7 Stars, with all surveys rating it as a 4 or 5 star5-star item.
Jeff Overall established the organization with a polarizing channel that upgraded GoPro cameras’ sharpness, variety, and difference when utilized outside.
PolarPro Shark Tank
The organization presented another product offering of stuff planned explicitly for shooting in outrageous settings, for example, skydiving, scuba jumping, snowboarding, hang skimming, and skiing in 2011.
PolarPro’s PowerVault, an underlying battery charging case, was one more item he needed to feature.
The GoPro conveying case permits clients to charge various batteries or USB gadgets any place they are without requiring customary electrical plugs.
The PowerVault is, basically, a definitive convenient charger. Furthermore, Overall wished to show an inspecting of his robot channel sets to the sharks.
Clients can utilize this item to safeguard the focal point mounted to their robot cameras while recording brilliant and clear video.
PolarPro held a lot of item request when it entered the tank, and they accepted that shark ventures could push their organization to greatness.
How Was the Shark Tank Pitch PolarPro?
Jeff Overall showed up on Shark Tank mentioning a venture of $500,000 in return for a 10% stake in PolarPro.
Mark Cuban consented to contribute $1 million for a 20% stake in PolarPro. Jeff left the Shark Tank stage getting it from Mark Cuban.
What has been going on with PolarPro After Shark Tank?
Jeff Overall had the option to get a significant arrangement in the tank. What is the present status of his business?
PolarPro product offering fans may be satisfied to discover that the organization seems, by all accounts, to be finding real success.
They are as yet presenting new items as of this composition, and they have a sizable web-based entertainment following on Instagram and Facebook.
Be that as it may, PolarPro is as yet selling great on the web and in a couple of different leisure activities or surf shops, in spite of not hammering out a significant agreement with a significant retailer.
Jeff Overall and his team keep on getting a charge out of extraordinary progress in the activity sports and robot networks, and there is by all accounts no foreseeable resolution for their undertaking.
The PolarPro brand has stayed focused on venturing into the cell phone market since Overall showed up on Shark Tank.
PolarPro and Otterbox have teamed up to deliver a progression of exquisite, snap-on cell phone embellishments that incorporate an additional battery, a card peruser, a fish-eye focal point, and a couple of speakers that clasp onto the rear of a telephone.
PolarPro’s BeatPulsar Bluetooth speaker weighs 3.5 pounds, retails for $60, and serves as a phone call speaker.
What are the Products of PolarPro?
New OtterBox uniVERSE Cases are intended to fit the most recent iPhone 6, 6, and 7 models, empowering clients to add compatible modules from a few embellishment producers. An opened rail on the rear of the case permits modules to rapidly connect.
PolarPro Shark Tank
The PolarPro Business Bundle transforms the iPhone into a business stage that helps efficiency. The bundle incorporates the accompanying things:
PolarPro PowerPack (MSRP $49.99)
PolarPro PowerPack fits serenely close by or pocket when connected to OtterBox uniVERSE case.
PowerPacks give hours of extra battery power, and white LED lights screen the excess limit.
PolarPro Beat Pulsar Wireless Mobile Speaker
PolarPro’s Beat Pulsar Wireless Mobile Speaker cuts into OtterBox uniVERSE to convey upgraded remote sound execution.
Its two 40 mm speakers produce clearly, blasting tones, and the incorporated amplifier takes into account ideal sound quality during telephone calls in a hurry.
PolarPro Stash is a moderate wallet that can hold three cards and money. The OtterBox uniVERSE case was intended to supplement it.
The thin plan is created from authentic calfskin. Veritable cowhide and against slip embed give security to important cards, distinguishing proof, and money.
Shark Tank Investor’s Views on PolarPro
Mark Cuban asks about the degree to which the organization can fill in the robot market. Jeff gauges they will raise somewhere in the range of $40 and $50 million in the following couple of years. A proposition of $500,000 for 10% is precisely very thing Mark needs.
Daymond John maintains that them should increment to 15% and acknowledge Mark’s proposition, yet Mark declines. Daymond will do the exchange however needs a 15% commission. His counteroffer is 1,000,000 to 17.5%.
Kevin O’Leary says he is doing likewise as the cell phone business and should extend quicker.
Lori Greiner values having a stake in the game. She offers $500k for 10% possession.
Robert Herjavec is pleased with his business, yet he accepts he wants subsidizing to develop it further. He gives to take a 10% stake for $500,000 as a trade off for joining.
Jeff got 1,000,000 bucks in return for a 20% stake in the organization, which was more than he anticipated. Because of that, they can develop their business fundamentally.
They have never been expected to sign any exchanges with significant retailers and have been highlighted in numerous web-based shops. PolarPro items are selling great online also. Nonetheless, their repetitive appearance on the show helped sell more items.
They sell channels for telephones and DSLR cameras, links, focal points, and even card perusers.
A portion of their most up to date items incorporate the Ultralight Matte Box and the Litechaser Pro Mobile Lens and Filter System. They offer Anamorphic Style Filters for Digital Cameras.
They sell different things, for example, downpour coats, wool sweaters and shirts, and long sleeve shirts and sweaters. The conveyance in the United States is free, going from $49.99 to $199.99.
Likewise, they cooperated with Otterbox to make a line of cell phone snap-on extras. They’ve delivered speakers, fisheye focal points, cards, and batteries.
One year from now they will deliver another camera sack named the Boreal 50L. It will have sufficient room for 50 lbs. Cameras and other gear.
Boreal 50L is produced using 600D polyester, and its DWR covering makes it multiple times more grounded than most other camera sacks.
Its lashes and sewing have been tried against weight burdens to guarantee it can convey even the heaviest stuff.
This sack includes an enormous fundamental compartment that actions 10 creeps by 6.5 inches. You won’t need to stress over attempting to fit every one of your focal points and camera bodies inside the sack.
It will accompany water bottle holders, a hip belt that can be effortlessly adjusted to accommodate your gadget, from there, the sky is the limit. In the event that you request a rucksack from Boreal, it will cost just $20. The item will transport in April 2023.
In the event that you might want to be told when the knapsack is delivered yet don’t have any desire to contribute time making a preorder, you can pursue email notices.
Maybe the organization was doing genuinely well. Keep going year, they were on target to acquire $4.7 million from selling their items. You can visit their site here if you have any desire to see a portion of their stuff for yourself.
What Is the Net Worth of PolarPro?
The valuation of PolarPro was $5 million when it showed up on Shark Tank. The total assets of PolarPro is $4 million starting around 2022.