Shark Tank Bumpeez Update

Bumpeez Update | Shark Tank Season 16

Israel Schaya always loved amusement parks as a kid, but being too short for the rides meant missing out on the fun. Years later, as a father of six, he watched his own kids face the same disappointment; long lines, big crowds, and getting turned away. That’s what led him and Michael Bergida to create Bumpeez, a ride-on bumper car with an inflatable character, lights, and music, bringing the thrill of bumper cars straight to the living room. Will the sharks get on board and help Bumpeez grow? Let’s jump into our Bumpeez update and pitch recap to find out.

SharkResult
Robert Herjavec and Barbara CorcoranAccepted offer of $100,000 for 15% equity plus $5 royalty until 50,000 units sold
Kevin O’Leary$100,000 for 25% equity
Mark CubanNo offer
Lori GreinerNo offer

Shark Tank Bumpeez Pitch

Shark Tank Bumpeez Update
  • Entrepreneurs: Michael Bergida and Israel Schaya
  • Business: Children’s toy and entertainment 
  • Ask: $100,000 for 10% equity
  • Result: $100,000 for 15% equity plus $5 royalty
  • Sharks: Robert Herjavec and Barbara Corcoran

Michael and Israel introduced Bumpeez, an at-home bumper car that brings amusement park fun to kids.

Bumper Car for Kids
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Unlike other ride-on cars, Bumpeez features a self-inflating character, colorful lights, and music. It runs on a rechargeable battery and inflates at the push of a button.

When playtime is over, it deflates for easy storage. Safety was a key feature, as the car includes a five-point harness, adjustable speed settings, and a parental remote.

As a result, It’s designed for kids as young as 18 months, including those with disabilities.

The business operates mainly on Amazon, where the entrepreneurs sell Bumpeez for $149.99, with a production cost of $52.

They told the sharks that In just nine months, they made $520,000 in sales. However, they weren’t looking for money alone.

Instead, they wanted a strategic partner to help them secure licensing deals and retail partnerships.

Given their strong background in accounting and e-commerce, they had already built a successful Amazon pet and toy business. Now, they aim to take Bumpeez to a much larger market.

As the pitch progressed, Kevin O’Leary wanted to know if a similar product already existed. Lori Greiner questioned whether they had simply added an inflatable character to an existing ride-on car.

In response, they confirmed securing patents for both their design and utility.

Meanwhile, the entrepreneurs also explained to the sharks that while their pet brand had earned $7 million, Bumpeez had only recently become profitable.

Kevin offered $100,000 for 30% equity, later reducing it to 25% equity.

Meanwhile, Barbara Corcoran and Robert Herjavec teamed up to offer $100,000 for 10% equity.

However, Michael and Israel hesitated, hoping to involve more sharks. This move backfired, leading Barbara and Robert to withdraw their offer.

Realizing their mistake, the entrepreneurs quickly countered with a $5 royalty per unit for the first 50,000 units.

In response, Barbara and Robert returned with a new deal: $100,000 for 15% equity plus the $5 royalty. This time, Michael and Israel accepted.

Let’s get a Bumpeez update to see where Michael and Israel have been up to since their Shark Tank appearance.

Shark Tank Bumpeez Update

Our Bumpeez update found that the company received a big boost in sales after airing on Shark Tank. On Amazon alone, the company is selling around 400 units a month.

Further, it now offers a special Shark Tank Bundle that includes its Dino and Unicorn Bumper Car at a discounted price.

Furthermore, our Bumpeez update found that it has been recognized as one of the Top 25 Toys for STEAM by The Toy Association.

If you’re interested in a cumper car, products can be found on the Bumpeez website and on Amazon.

Once the dust settles, we will be back with another Bumpeez update!

For other company updates from Shark Tank Season 16 Episode 11, look below:

Before you go, be sure to check out our list of all the Shark Tank Season 16 products.

Marvin
Marvin Uzor
Content Writer |  + posts

Marvin Uzor is a content contributor for Shark Tank Recap. He specializes in crafting engaging, well-researched content that delve into the latest Shark Tank stories, keeping readers hooked. He has a soft spot for his favorite Shark Tank companies, Bombas and Doorbot, known for their innovation and impact.