Matthew Harris and Kenny Lerner have created a product that will keep your vehicle safe from water damage up to three feet. Will the sharks want to invest during
Shark Tank Extreme Vehicle Protection Update
- Entrepreneurs: Matthew Harris and Kenny Lerner
- Business: Cover for cars that protect against flooding
- Ask: $50,000 for 20% equity
- Result: $50,000 for 33.3% equity
- Shark: Daymond John
Matthew and Kenny walked into
With protection from 24 to 36 inches of rising tide and floodwaters, EVP is designed to keep your car, powersport vehicle, and outdoor furniture safe when the weather threatens your valuable property. 360° Weather Protection - The EVP is not just a cover, it fully protects whatever you put in it.
Robert Herjavec got to test it out on a car they brought to the tank. Kevin O’Leary compared the product to a car-specific Ziploc, while Robert said that as a self-defined car guy he’d already encountered a similar type of cover before.
When asked about numbers, the guys said they’d sold around 150 units at car shows and body shops. Mark Cuban immediately went out because he didn’t see growth potential in the investment.
Robert liked the idea but didn’t think people thought much of their cars in extreme weather cases. He went out. Lori Greiner was not interested in the aesthetic of the product and confessed she wasn’t a car person before also going out.
Kevin offered to throw in $50,000 along with a sales platform and his very qualified team. In exchange, he wanted $30 per unit in perpetuity.
Daymond John interrupted to offer $50,000 and a similar sales platform to Kevin’s. In exchange, he wanted to be a third partner with 33.3% equity.
Matthew and Kenny wanted to know if Kevin was going for unlimited royalties. Kevin countered with $30 per unit until 1,000 units had been sold. Daymond told the business partners that they’d prefer someone invested in the product, like him.
In the end, Matthew and Kenny agreed with Daymond and accepted his deal. Let’s take a look at our Extreme Vehicle Protection update to see what happened after
Our Extreme Vehicle Protection update reveals that the company experienced success after it was featured on
We are unsure of how much revenue Matthew and Kenny are bringing in, but it seems they are on the right track. If we get more news on an Extreme Vehicle Protection update, we will be sure to let you know.
Would you like to find out about the other companies featured in Season 7 Episode 28? Follow the links below to read about the other company updates in the episode.
Are you interested to find out even more on companies and products? Check out our Season 7 Products Page before you go!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!