Leaux Racing Trikes Update | Shark Tank Season 7

In sixth grade, Tyler Hadzicki built a tricycle for a science project but found that regular trikes couldn’t turn smoothly or do tricks. That led him to create Leaux Racing Trikes, a low-riding trike with a rear steering handle that lets riders spin, slide, and stay in control. It makes riding more fun and exciting, giving people a new way to enjoy tricycles. But will the sharks believe it can be a successful business? Let’s get into our Leaux Racing Trikes update and pitch recap to find out.

If you’re short on time, here’s a quick overview of what happened to Leaux Racing Trikes after Shark Tank.

Tyler entered Shark Tank Season 7, seeking $120,000 for 20% equity in Leaux Racing Trikes. No shark saw the need to invest in his business after his pitch. He left with no deal.

In terms of a Leaux Racing Trikes update, the company has ceased operations since 2016.

Shark	Result
Barbara Corcoran	No offer
Kevin O’Leary	No offer
Lori Greiner	No offer
Robert Herjavec	No offer
Mark Cuban	No offer

Shark Tank Leaux Racing Trikes Pitch

• Entrepreneur: Tyler Hadzicki
• Business: Race car and tricycle hybrid
• Ask: $120,000 for 20% equity
• Result: No deal
• Shark: None

Tyler rode into Shark Tank on the back of his racing car and tricycle hybrid, his signature Leaux Racing Trikes model.

He sought an investment to expand his production facility and bring in a quality inspector, ensuring each trike met his high standards before reaching customers.

Leaux Racing Trikes is a three-wheeled ride designed for fun, fast turns, and cool tricks. It sits low to the ground, giving riders better control as they slide, spin, and cruise around.

Unlike regular tricycles, it has both front handlebars and a rear steering handle, making it easy to pull off smooth drifts and quick turns.

If a rider just wants to roll without spinning, the back wheels can lock in place for a steady ride.

Tyler explained to the sharks that each trike is tested before being shipped out, making sure it works as expected.

Robert Herjavec, clearly intrigued, insists on trying it out, and Mark Cuban and Kevin O’Leary decide to join him.

Once the chaos settles, Tyler shifts the focus to the story behind his invention. He explains that the idea first took shape as a sixth-grade science project.

Despite the rough start, Tyler took his idea to Kickstarter, where he managed to sell 130 trikes. The manufacturing cost stood at $180 per unit, while each one sold for $350.

However, quality remained a top priority. To ensure each trike met his standards, he personally tested every unit at his factory in Mexico.

Nevertheless, with growing demand, he needed a larger facility and an inspector to handle quality control. That’s where he hoped the sharks would step in.

While Barbara Corcoran admires Tyler and his product, she believes it’s still too early to invest and decides to pass.

Mr. Wonderful, on the other hand, doesn’t see a clear path to turning it into a sustainable business, so he bows out as well.

Meanwhile, Lori Greiner feels uneasy about the fact that Tyler oversees every inspection himself. She thinks he’s too far removed from the production process to scale properly, so she’s out.

Robert believes the pricing is too low and that Tyler needs to define whether it’s a toy or a serious racing trike. Without that clarity, he walks away from the deal.

Finally, Mark acknowledges the innovation behind it but questions where the business can go from here. Since he doesn’t see it reaching mass-market success, he also declines.

Frustrated about the sharks’ response to his pitch he calls them rude, feeling that they dismissed his vision too quickly.

This left Leaux Racing Trikes without a deal. Where is the company now? Find out in our Leaux Racing Trikes update.

 Shark Tank Leaux Racing Trikes Update

Our Leaux Racing Trikes update found that shortly after the episode aired, Tyler faced significant challenges. His company struggled to scale operations and ceased business in 2016.

This will be our final Leaux Racing Trikes update.

Make sure to check out the other company updates from Season 7 Episode 10. You can find them here:

• Glow Recipe Update
• Sarah Oliver Handbags Update
• Trunkster Update

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