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Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →Coolpeds founder Tony Chan left Shark Tank without a deal. Later reports describe crowdfunding fulfillment complaints and fading customer support; by December 2025, a status update called the brand functionally defunct. There is no dependable current buying channel established by the available reporting.
What happened when Coolpeds appeared on Shark Tank?
Tony Chan pitched Coolpeds in Season 9, Episode 23, which aired February 18, 2018. He asked for $250,000 in exchange for 5% of the company, implying a $5 million valuation. No Shark invested.
Recaps describe the Sharks raising concerns about the scooter market, Coolpeds’ focus on both the briefcase scooter and the Ampere electric-car concept, and the company’s ability to execute. In the televised-pitch recap, Mark Cuban’s reaction was reported as: “They’re selling cool,” followed by “I’d be a fool to sell cool.”
Shark Tank Blog reported that Coolpeds said it had made about $500,000 in sales during the preceding 18 months. SlashGear’s 2025 retrospective reported a roughly $399 retail price and $170 manufacturing cost. These are historical figures attributed to company claims or retrospective reporting, not audited financial results.
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- 【500W Motor & 21 MPH Top Speed】 This electric scooter powered by a 500W rated motor, reaches up to 21 MPH, perfect for city commuting, outdoor travel & campus cycling
- 【21 Miles Max Range】 This electric scooter for adults and teens rides up to 18–21 miles per charge with the high-capacity 36V 7.8AH battery. Fully recharges in 4 hours, giving you long rides with less waiting time
- 【8.5" Honeycomb Solid Tires & 20° Hill Climb】 8.5-inch honeycomb tires provide maintenance-free riding, solid grip, and smooth shock absorption, while easily conquering slopes up to 20°
- 【Dual Braking System + Bright Lights + IPX4】 This escooter features both electronic and rear drum brakes for reliable stopping power. Equipped with a bright headlight, rear taillight, and IPX4 waterproof rating for safe riding day or night in light rain
- 【Portable, Foldable & Lightweight】 This foldable electric scooter weighs only 35.1 lbs and supports riders up to 264 lbs. When folded, it measures 44.1"×16.7"×16.1", making it easy to carry or store in offices, subways, or car trunks
What was the Coolpeds briefcase scooter?
It paired a small electric scooter with a briefcase or carry-on shell, aiming to help with short urban trips, campus travel, and connections to transit, offices, or airports. The idea was to combine a personal last-mile vehicle with luggage that could be carried when the rider reached a destination.
The figures vary by version and source. SlashGear’s account of the televised pitch describes an 11-pound scooter without the luggage attachment and a speed of 7–15 mph. The 2016 Indiegogo campaign listed a different set of campaign-era specifications. Those campaign figures should not be treated as verified specifications for a later retail model.
| Version or report | Reported figures | What the figures describe |
|---|---|---|
| Televised pitch, as reported by SlashGear (2025) | 11 lb without the luggage attachment; 7–15 mph | Figures attributed to the scooter shown and described on the show. |
| Indiegogo campaign (2016) | Up to 20 km/h (about 12 mph); up to 10 km range; about 7.9 kg; 24 V/6 Ah lithium-ion battery; 2–3 hours to charge | Campaign-era specifications; the campaign also said the battery could be replaced. |
| Indiegogo campaign rewards (2016) | $468–$599 | Campaign reward prices, not evidence of a current retail price. |
| SlashGear website observation (2025) | A legacy briefcase listing with a claimed $699 price | A listing observed in a retrospective, not confirmation of dependable current inventory. |
Indiegogo’s campaign described the Briefcase as a “high-quality carry-on suitcase with a built-in electric scooter”; that wording was the company’s marketing, not an independent assessment.
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- POWERFUL MOTOR & 20 MPH TOP SPEED: Electric scooters is equipped with a powerful 500W peak motor, reaches speeds of up to 18 MPH for a smooth and efficient ride. making it perfect for daily commutes and city travel.
- LONG BATTERY LIFE: Foldable Scooter uses a 36V 7.8AH powerful battery built for short trips to school, work, or around the neighborhood without the worry of running out of battery
- SMART APP CONTROL: Connect your electric scooter to the mobile app for convenient operation and real-time monitoring. Use the app to activate the electronic lock, view real-time speed, switch speed units, adjust riding modes, control the headlight, and enable cruise control for a smarter and more customizable riding experience.
- 8.5" PNEUMATIC TIRES & IPX4 WATER RESISTANCE: This fast electric scooter has 8.5-inch air-filled tires that provide shock absorption and grip, which easily climb 20° slopes. With an IP65 waterproof rating, it can withstand splashes and light rain, making it a reliable choice for commuters and adventure seekers alike.
- PORTABLE & FOLDABLE: ONE-STEP FOLDING: To collapse the scooter in just 3 seconds and hold up to 220lb, which is easy to carry and store, ideal for commutes, subways, offices, or car trunks, making it ideal for adults and teens alike.
What happened to Coolpeds after the show?
Crowdfunding and fulfillment complaints
Later accounts from SlashGear and Shark Tank Blog describe complaints involving incomplete or defective deliveries tied to Chan’s crowdfunding projects, refund requests, and loss of access to the crowdfunding platform. These reports indicate serious fulfillment problems, but they do not establish the outcome of every individual order or refund request.
The company promoted more than one product
Coolpeds also promoted the Ampere electric-car concept and other scooters. The broader lineup differed from the briefcase scooter that viewers saw on the show, and Shark Tank recaps report that the Sharks questioned the company’s focus.
Reports point to a fading business
SlashGear’s 2025 retrospective found a sparse website and a legacy product listing. Shark Tank Companies, by contrast, reports no company website, no Amazon presence, and an out-of-business status. Shark Tank Tales’ December 2025 update describes the brand as functionally defunct, citing persistent complaints, refunds, fulfillment problems, and minimal support activity. Taken together, these reports do not support treating the legacy listing as proof that the scooter is currently available from a dependable seller.
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- POWERFUL MOTOR AND LONG BATTERY LIFE - The 350W electric brushless hub motor allows for speeds up to 18mph. High capacity battery with a Max. travel range of up to 17 miles under specific conditions. And our product has passed stringent UL 2272 testing. (Testing lab name: SGS)
- STABLE AND DURABLE FOR COMMUTING - Extremely smooth when accelerating and turning, Hiboy electric scooters have been made solid and durable quality with solid tires and whole frame.
- BEING SAFER WITH TECHNOLOGY - Hiboy E-Scooter S2 are made with front, middle and rear 3 lights. And double braking system features a disc braking and eABS regenerative anti-lock braking.
- HIBOY APP - Simply pair Hiboy Electric Scooter via Bluetooth and use the app to lock your scooter, to view riding statistics such as battery life. It works with both iPhones and Android smartphones.
- PORTABLE DESIGN - Hiboy e-scooter collapses for easy storage in car trunks and closets, beneath subway seats, and inside other compact spaces. Extra detachable scooter’s seat is available for more comfortable option. (Seat NOT included)
Can you still buy the Coolpeds briefcase scooter?
The available reporting does not establish a reliable, active source for buying a new Coolpeds Briefcase. The differing website snapshots and the report of no Amazon presence make an old listing or third-party offer an uncertain basis for a purchase. A listing by itself does not confirm that a product is in stock, that the seller is authorized, or that the buyer can get support, replacement parts, or a refund.
If considering a used unit, ask the seller to demonstrate that it powers on and runs, and confirm what is included: scooter, luggage shell, charger, and battery. Because later reporting describes weak support and fulfillment problems, do not assume that a replacement battery, repair, warranty service, or refund will be available.
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Is Coolpeds still in business?
The strongest available status descriptions are that Coolpeds is out of business, according to Shark Tank Companies, or functionally defunct, according to Shark Tank Tales’ December 2025 update. The cited reporting does not establish a formal dissolution date or provide a definitive closure statement from Tony Chan. “Functionally defunct” is therefore a reported practical assessment, not a confirmed legal status.
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
