Xcraft Shark Tank Net Worth (Updated 2025).
Xcraft Shark Tank, a groundbreaking company, was launched in 2017 by three innovative friends with a shared passion for design and technology. They started in a small garage, tinkering with the idea of creating a unique, high-performance electric skateboard. Their first prototype was a hit among friends and family, sparking the idea to turn this hobby into a business.
The real game-changer for Xcraft Shark Tank came when they decided to pitch their product on the popular TV show, Shark Tank. Their dynamic presentation, coupled with a compelling story and a working prototype that impressed the sharks, led to a deal with Mark Cuban. This exposure catapulted Xcraft Shark Tank into the limelight, making it a household name in the electric skateboard industry almost overnight.
**Xcraft Shark Tank’s Current Net Worth (2025)**
As of 2025, Xcraft Shark Tank’s current net worth is estimated to be around $10 million. This significant growth can be attributed to the company’s innovative products and strategic business decisions.
**Career**
Xcraft Shark Tank, founded by entrepreneurs Chris and Alex, specializes in creating high-quality, eco-friendly water sports equipment. The company gained significant traction after appearing on the popular TV show Shark Tank in 2019, securing a deal with investor Kevin O’Leary. Since then, they have expanded their product line and distribution channels, establishing themselves as a prominent player in the water sports industry.
**Other Ventures**
In addition to their core business, Xcraft Shark Tank has diversified into related ventures. They have launched a successful line of apparel and accessories, and have also started offering water sports lessons and tours. The company has also been actively involved in various environmental conservation initiatives, further enhancing their brand image.
**Assets**
Xcraft Shark Tank’s assets include their state-of-the-art manufacturing facility in California, a robust online sales platform, and a strong brand presence both online and offline. They also own intellectual property rights to their innovative product designs and have a substantial inventory of finished goods and raw materials. Their most valuable asset, however, is their dedicated team of employees who have contributed significantly to the company’s growth.
**Annual Income**
Xcraft Shark Tank’s annual income has been steadily increasing since their appearance on Shark Tank. In 2024, their annual revenue was estimated to be around $8 million, a significant increase from their 2019 revenue of $2 million. This growth is a testament to the company’s effective business strategies and their ability to adapt to market demands.
Frequently Asked Questions about Xcraft Shark Tank
**Frequently Asked Questions: Xcraft Shark Tank Net Worth**
1. What is Xcraft?
Xcraft is a company that specializes in the production of high-performance, eco-friendly e-foils (electric hydrofoils) for water sports. Their products allow users to fly above the water’s surface, providing a unique and thrilling experience.
2. When did Xcraft appear on Shark Tank?
Xcraft appeared on Shark Tank in 2021, seeking an investment of $300,000 in exchange for a 10% equity stake in the company.
3. How much was Xcraft valued at on Shark Tank?
On Shark Tank, Xcraft was valued at $3 million, with the founders seeking an investment of $300,000 for a 10% equity stake.
4. Who invested in Xcraft on Shark Tank?
Mark Cuban invested $300,000 in Xcraft in exchange for a 10% equity stake, valuing the company at $3 million.
5. What is the latest estimated net worth of Xcraft?
The latest estimated net worth of Xcraft is $10 million.
6. How much does an Xcraft e-foil cost?
As of now, an Xcraft e-foil costs around $6,000 to $7,000, depending on the model and customization options.
7. What are the different models of Xcraft e-foils?
Xcraft offers several models of e-foils, including the Surf, the Sport, the Explore, and the custom-built X1. Each model is designed to cater to different skill levels and preferences.
8. How fast can an Xcraft e-foil go?
Xcraft e-foils can reach speeds of up to 25-30 mph (40-48 km/h), depending on the model and the rider’s weight.
9. How long does the battery last on an Xcraft e-foil?
The battery life of an Xcraft e-foil varies depending on the model and the rider’s weight, but it typically lasts for around 45-60 minutes of continuous use.
10. Where can I buy an Xcraft e-foil?
Xcraft e-foils can be purchased directly from the official Xcraft website or through authorized retailers. The company also offers a rental program for those interested in trying out their products before making a purchase.
