Extreme Vehicle Protection Car Cover Update | Shark Tank Season 7

After a big storm flooded cars in their neighborhood, Matthew Harris and Kenny Lerner saw how hard it was for people to protect their vehicles. So they came up with Extreme Vehicle Protection—a giant, heavy-duty bag that you drive your car into and seal shut before a storm. It helps keep cars safe from water and wind. Will the sharks seal the deal? Let’s find out in our Extreme Vehicle Protection update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Extreme Vehicle Protection after Shark Tank.

Matthew and Kenny entered Shark Tank Season 7 to pitch Extreme Vehicle Protection. They sought $50,000 for 20% equity. After their pitch, they reached an agreement for a deal with Daymond John for $50,000 for 33.3% equity.

In terms of an Extreme Vehicle Protection update, the company expanded its product range and earned positive attention for its recyclable materials, but struggled to scale effectively. The company’s online presence and retail availability declined, and it appears to have ceased operations.

Shark	Result
Daymond John	Accepted offer of $50,000 for 33.3% equity
Kevin O’Leary	$50,000 for $30 per unit until 1,000 units had been sold
Lori Greiner	No offer
Mark Cuban	No offer
Barbara Corcoran	No offer

Shark Tank Extreme Vehicle Protection Pitch

• 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 Shark Tank to talk about their Extreme Vehicle Protection product, a cover that could keep cars safe in floods.

Their product is a protective bag designed to shield vehicles from damage during floods and hurricanes.

Matthew began by pointing out that most people have emergency plans for themselves and their valuables, but not for their cars.

To demonstrate, they invited Robert Herjavec to drive a Chevy Volt into the bag. Robert followed instructions, slowly driving onto the plastic sheet. Kevin O’Leary compared the product to a car-specific Ziploc.

Matthew said each bag costs $250 to $350, depending on the size.

Kevin asked when someone should use the bag. Kenny recommended using it in serious weather situations like hurricanes when moving the car isn’t possible.

Daymond John liked the product as a general-use car cover, saying the ones he owns often slip off.

Robert noted he had bought a similar product 15 years ago. That version inflated around the car but needed electricity.

Kenny pointed out that Extreme Vehicle Protection works without power. It only takes two people and two minutes to set up.

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 the business scaling.

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 made a royalty-based offer of $50,000 along with a sales platform and his very qualified team. In exchange, he wanted $30 per unit in perpetuity.

Daymond 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.

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 Shark Tank.

Shark Tank Extreme Vehicle Protection Update

Our Extreme Vehicle Protection update found that the company expanded its line beyond vehicle protection bags, adding windshield covers, equipment, and furniture storage products.

Further, their products also earned praise for using 100% recyclable materials.

Despite these efforts, Extreme Vehicle Protection faced challenges in scaling its operations.

At the time of writing our Extreme Vehicle Protection update, the EVP website is still live, but the social channels haven’t been updated since March 2022.

We can’t say for sure, but it looks like the business is closing up shop and Matthew and Kenny are trying to sell off their remaining inventory.

If we get any additional info, we will be back with another Extreme Vehicle Protection update.

For more on Shark Tank Season 7 Episode 28, check the links below!

• Camp No Counselors Update
• Gladiator Lacrosse Update
• VPcabs Update

Before you go, be sure to check out our list of all the Shark Tank Season 7 products.