X-torch Net Worth And Shark Tank Us Pitch
- 1.1 xtorch Net Worth: Creating The Business Organization
- 1.2 X-torch Net Worth: Appearing on Shark Tank
- 1.3 After Appearing On “Shark Tank,” What Happened To XTorch?
Have you ever been in a dire situation and wished you had a powerful flashlight? Sometimes the sun sets earlier than intended on your camping vacation, or the power goes out, leaving you in an unfamiliar area without light. XTorch is not currently offered on Amazon, it isn’t easy to calculate its current value. They exclusively offer their goods on the official XTorch website. Two billion people throughout the world now lack access to electricity. The lack of light and vitality is a burden, rendering people immobile for as much as half the day.
Xtorch Net Worth: Who Is The Person Who Started XTorch?
XTorch was started by Gene and Keidy Palusky. Gene wanted to make XTorch because he saw how hard it was for people in Guinea, where he worked in travel and development. Keidy Palusky, on the other hand, is their secret weapon. The XTorch was made possible because of what she knew. She grew up in the Dominican Republic, so she knows and understands how people live without power and light, which works all the time. She gives them ideas for design and marketing and helps them keep the company’s mission in mind. Lastly, Bob is their lead engineer. He helped them develop their product many times and was in charge of designing and making it.
xtorch Net Worth: Creating The Business Organization
Gene got away from his real estate company with the assistance of Keidy, who encouraged him to embark on an adventure. They proceeded to African countries where many populations did not have access to modern conveniences such as electricity. They were especially moved by the pupils who studied in the dark during the evening. Keidy’s illness with malaria, which she allegedly contracted from being in the dark, was the final straw that forced the parents to take action. Gene came up with the idea for the XTorch solar lighting in 2015. In addition, he founded EJ Case, the firm currently producing his items and charging customers $60 for each one. In addition to acting as a source of illumination, it could also charge a backup phone.
X-torch Net Worth: Appearing on Shark Tank
In 2019, this xtorch made $53,000 in sales, but it still needed money. Their idea was so good that they asked the Shark Tank for money in exchange for 10% of the business for $150,000. They meant business and wanted to boost sales directly to end users, cutting out middlemen. The Sharks were no longer interested in the Xtorch lamp because it didn’t have a patent and hadn’t sold well recently.
On the other side, enters Robert Herjavec with an offer to purchase the business for $500,000 in cash. Gene then came to take full ownership of the company, but he was only awarded one million dollars. Afterward, Gene came forward to Robert with his request for $750,000, but Robert declined. Persons engaged in commercial activities were needed to reach a consensus.
- Gene and Keidy Palusky, Entrepreneurs
- Solar-powered flashlights for sale
- For 10% equity, please provide $150,000.
- Consequence: deadlock
- Lack of Sharks
After Appearing On “Shark Tank,” What Happened To XTorch?
Once the show aired, they got 2,000 orders because many people who watched Shark Tank liked their product and the story behind it. Compared to the last fiscal year, the increase in income is 350%. The fact that 4.5% of people on Amazon like their products is a good sign for them. Still, a lot of people think the Paluskys shouldn’t have taken Robert up on his offer because they think Gene’s demand was a fair deal for Robert, which he turned down.
Xtorch Net Worth: Current Status?
One company that did not secure a contract in the Shark Tank was XTorch. In addition, our web-based investigations have led us to believe that the firm will eventually use $1,000,000 to stabilize the market. In addition, their charitable efforts brought in new business. Hence, by December of 2023, XTorch has established itself as a thriving enterprise. Since then, it has been available for purchase on both their website and Amazon. The company’s charitable efforts helped boost its profile over time. They have a 4.5-star rating and many great reviews on Amazon. It means there is interest in purchasing their wares.
What Is xtorch net worth?
Before the price drop to $49.95, XTorch was initially priced at $55.95 during the Shark Tank presentation.
What stores carry XTorch?
If XTorch is sold out on Amazon, you may purchase it directly from the XTorch website.
What is XTorch’s current wealth status?
Gene and Keidy’s reported sales figures place XTorch’s valuation at well over USD 1,000,000. The actual net worth, however, is impossible to determine.