What is Kymera Body Boards and what problem does it solve? Kymera Body Boards are lightweight, electric-powered personal watercraft that offer a more affordable and accessible alternative to traditional jet skis. They address the high cost and bulkiness of jet skis, providing a user-friendly option for recreational water activities.
Summary
- Kymera Body Boards appeared on Shark Tank Season 10, seeking $250,000 for 5% equity.
- Founder Jason Woods had previously appeared on Shark Tank but failed to secure a deal.
- The company offers electric-powered bodyboards, kayaks, and surfboards.
- Kymera accepted an offer from Robert Herjavec for $500,000 for 10% equity.
- Despite the deal falling through, Kymera has experienced significant growth, exceeding $1 million in sales in 2023 and reaching over $6 million in lifetime revenue.
- The company operates through international distributors and direct sales.
Kymera Body Boards Shark Tank Update | Shark Tank Season 10
What are Kymera Body Boards?
Kymera Body Boards are electric-powered personal watercraft. Imagine a surfboard with a built-in motor!
They are designed to be lightweight and easy to use. This makes them a fun and more affordable alternative to traditional jet skis.
The Kymera Story
Jason Woods, the inventor of Kymera Body Boards, spent nearly a decade developing his idea. He wanted to create a watercraft that was both fun and accessible to everyone.
After years of work, he finally brought his product to Shark Tank, hoping to secure an investment to help his business grow.
Kymera Body Boards on Shark Tank
1. The Pitch
Jason Woods had actually appeared on Shark Tank before, but he didn’t get a deal the first time. He came back in Season 10 with a more refined product and a stronger business pitch.
Here’s a breakdown of his second pitch:
| Entrepreneurs | Jason Woods and Adam Majewski |
|---|---|
| Business | Kymera Body Boards (electric-powered watercraft) |
| Ask | $250,000 for 5% equity |
| Deal | $500,000 for 10% equity |
| Sharks | Robert Herjavec |
| Season – Episode | Season 10, Episode 21 |
| Original Air Date | March 3, 2019 |
| Website | Kymera Body Boards |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. Jason Woods’ Second Chance
Jason’s first appearance on Shark Tank didn’t go well. The Sharks felt he wasn’t prepared and his product wasn’t ready. But Jason didn’t give up.
He took their criticism to heart, improved his product, and came back stronger. This determination impressed the Sharks in his second appearance.
3. The Sharks’ Reactions
This time, the Sharks were much more receptive to Jason’s pitch. They were impressed with his progress, the expanded product line, and the strong sales figures. They saw that Kymera had real potential for success.
4. Robert Herjavec’s Investment Offer
Robert Herjavec was particularly enthusiastic about Kymera Body Boards. He saw the potential for the company to become a major player in the water sports market.
He offered Jason and Adam $500,000 for 10% equity, a deal they quickly accepted.
Kymera Body Boards Update
1. Did the Deal with Robert Herjavec Go Through?
While it initially seemed like Jason and Adam secured a fantastic deal with Robert Herjavec, things didn’t quite go as planned.
Unfortunately, the deal with Robert fell through after the show aired. This sometimes happens on Shark Tank for various reasons, such as due diligence issues or changes in business strategy.
2. Company Growth and Sales Figures
Even without Robert’s investment, Kymera Body Boards continued to ride the wave of success.
The company has been steadily growing, and their sales figures are impressive. They’ve achieved over $6 million in lifetime sales and surpassed $1 million in sales in 2023 alone.
3. Product Line Expansion
Kymera didn’t just stick with body boards. They expanded their product line to include electric kayaks and surfboards.
This smart move allowed them to reach a wider audience and cater to different water sport enthusiasts.
4. International Distribution and Sales Channels
Kymera Body Boards are making a splash worldwide! The company has established a strong network of 29 international distributors.
This means their products are available in many different countries. They also sell directly to customers through their website, making it easy for anyone to purchase their own Kymera watercraft.
The Future of Kymera Body Boards
1. Continued Innovation and Product Development
Kymera is likely to keep innovating and improving its products. This could mean lighter boards, longer battery life, or even new features like built-in GPS or cameras.
By staying ahead of the curve, Kymera can continue to attract new customers and keep its current customers excited about what’s next.
2. Market Expansion and Brand Awareness
While already selling internationally, Kymera could expand into new markets and increase its brand awareness.
This might involve targeted marketing campaigns, sponsorships of water sports events, or collaborations with influencers.
Greater visibility will help more people discover the fun and freedom of Kymera Body Boards.
3. Potential for Future Investment and Partnerships
Even though the deal with Robert Herjavec didn’t work out, Kymera could still attract future investment or form strategic partnerships.
This could provide the company with the resources to scale its operations, develop new products, and reach even more customers.
With its strong track record and innovative products, Kymera is well-positioned for continued growth and success in the exciting world of water sports.
FAQs
Where can I buy a Kymera Body Board?
You can purchase Kymera Body Boards directly from their website or through one of their authorized dealers around the world.
How much does a Kymera Body Board cost?
The price varies depending on the model and any added features, but you can expect to invest around $5,000 for a Kymera Body Board.
How long does the battery last on a Kymera Body Board?
The battery life depends on usage, but you can generally expect to get around 30-60 minutes of ride time on a single charge.
Are Kymera Body Boards difficult to learn to ride?
No, they are designed to be user-friendly and easy to learn. Many people are able to get the hang of it within minutes.
What is the warranty on a Kymera Body Board?
Kymera offers a warranty on their products. It’s best to check their website or contact them directly for the most up-to-date warranty information.
The Bottom Line
Kymera Body Boards is a company making waves in the water sports world. Despite facing challenges and a failed Shark Tank deal, they have achieved remarkable success. With innovative products, a growing international presence, and a focus on customer satisfaction, Kymera is a brand to watch. Whether you’re a seasoned water sports enthusiast or just looking for a fun new way to enjoy the water, Kymera Body Boards offer an exciting and accessible option.
