SkyRide Shark Tank Update

Skyride is the creation of entrepreneur Scott Olsen. Rollerblades are his most famous invention, and most people have heard of them! Olson’s latest invention was shown in episode 313 of Shark Tank.

Skyride is an elevated monorail powered by human power. You may push the Skyride “capsule” along an elevated track by pedaling or rowing. The tracks and vehicles of Olson feature Rollerblade wheels.

This product is unlikely to have the mass appeal of Rollerblades, but it is a very interesting concept!

Olson has built a prototype track in his garden, but he envisions Skyride becoming a component of urban mass transportation.

Skyride is envisioned as a replacement for driving in crowded places.

What Is SkyRide?

Scott Olson’s SkyRide is a human-powered monorail system that rises above the ground. Cyclists can either pedal or row, depending on the model they are using. 

Scott designed it for physical training, fun, and mobility. Accessible to persons of all ages and abilities; there is an Electric-Assist if necessary.

SkyRide rides combine a bicycle and monorail experience to create an exciting theme park experience. 

SkyRide After Shark Tank

You ride for as long as you like on this human-powered, carbon-neutral rollercoaster.

Carnival Cruise Line’s SkyRide system has proved to be extremely popular, allowing passengers to experience a unique experience on the top deck while enjoying panoramic views of the ocean.

Company NameSkyride
EntrepreneurScotty Olson
ProductRoller Coaster Powered by Humans
Investment Asking For$3,000,000 For 20% stake in SkyRide
Final DealNo Deal
SharkNo Shark
Episode Season 3 Episode 13
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of SkyRide?

Scott Olson founded Sky Ride in 2012. The inventor of rollerblades, which many of us who grew up in the early 1990s would fondly recall.

Scott founded and operated OS Designs, a production firm dedicated to inventing and testing new goods before they are released to the market. He is also the chief executive officer of SkyRide.

SkyRide Before Shark Tank

Rollingblade inventor Scott Olson devised the idea for Skyride, a monorail powered by human power.

Olson conceived of the concept of this new product about twenty years ago. The idea was to make it so that people can exercise on a bicycle without worrying about the risks of riding a bicycle on the road or in the mountains. It almost seemed as if he was trying to re-invent the wheel.

Skyride vehicles are suspended from tracks, as their name would suggest. A person riding in the vehicle propels it along the rail—the type of machine being utilized dictates the person’s actions.

This company’s goods allow the user to simulate rowing, cycling, and gliding. Skyride is designed to be used for commuting, entertainment, and exercise.

The machines were designed to be as accessible as possible for people with disabilities, including those with physical disabilities.

Skyride was intended to achieve what Scott Olson’s rollerblades had done for the world: change it.

How Was The Shark Tank Pitch Of SkyRide?

Scott appeared on Shark Tank, asking $3 million for a 20% stake in SkyRide. Although he has not made any sales, he claims to be working on several new projects.

He intends to advertise Skyride as a cheap mode of transit for ski resorts and as a thrilling ride for municipalities.

However, the Sharks have reservations about it. Barbara has decided to leave the company despite her admiration for Scott.

SkyRide After Shark Tank

Even Daymond doesn’t know how to do a business out of it, so he’s out as well.

Mark lacks the necessary construction knowledge to develop this, so he is out.

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They’re both out because Robert doesn’t see how the company can benefit consumers, and Mr. Wonderful doesn’t like it for other reasons. 

Scott Skyrides exits the Shark Tank without securing any investment.

What Happened To SkyRide After Shark Tank?

Shark Tank hasn’t resulted in any sales since the company appeared on the show. The company promotes the product and has several projects “in the works,” but nothing has been built.

The goal is to have one or two operating systems in place by the end of the year. A third ride was to be launched on Carnival Cruise Ships in 2020.

Carnival describes them as the most popular attraction on their ships. The company’s annual revenue was $900,000 by July 2021.

SkyRide Shark Tank Update

Scott Olson’s business is still doing rather well despite being unsuccessful in securing investment on the show. What is its most recent and biggest success?

Carnival just signed an agreement with Skyride to put a Skyride on their new Vista ships, now under construction. 

Guests will be able to ride the Carnival Vista Skyride on the ship’s sports deck and get some exercise while admiring the ocean vistas as they do so.

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Scott Olson also plans to open a few Skyclubs worldwide where individuals can pay a fee to use the Skyride machines for fitness purposes.

After their appearance on Shark Tank, the company gained media attention, with many viewers believing Scott and his product were unfairly judged.

However, given this new information, I’m inclined to believe that Mr. Olson didn’t require any outside assistance for his innovation to gain traction.

Is SkyRide Still In Business?

Olson has not abandoned the SkyRide project. If you’re on a Carnival Vista cruise this year, you should check it out. 

The ship’s 800-foot track, which tops out at 150 feet above sea level and reaches a top speed of 25 miles per hour, has been installed and will be operational on May 2, 2016.