MountainFlow Eco-Was is a line of plant-based ski wax that appeared on Shark Tank Season 12 Episode 12 and was pitched by skier Peter Arlein. The eco-friendly wax aims to rid the slopes of petroleum-based wax and replace it with plant-based wax that is more friendly towards the environment. After landing a deal with Daymond John, you may be looking for a MountainFlow Eco-Wax update!
Shark Tank MountainFlow Eco-Wax Update
- Entrepreneur: Peter Arlein
- Business: Eco-friendly ski wax
- Ask: $250,000 for 10% equity
- Result: $300,000 for 20% equity
- Shark: Kevin O’Leary and Barbara Corcoran
As we mentioned above, MountainFlow’s eco-wax is designed to be eco-friendly and rid the slopes of other waxes made from petroleum, which is harmful to the environment. Peter Arlein has managed to create a line of plant-based wax that is easy to apply on the go or can be melted into hot wax for a more detailed touchup to ensure a smooth glide.
Peter shared with the sharks that he has built up an elite group of skiers to help promote the product and had managed to earn $150,000 in sales over the past 12 months. Further, he is expecting to increase that to $750,000 in sales over the next 12 months as non-petroleum-based wax will be moving into foreign markets.
Luckily, a couple of the sharks were skiers and were instantly interested in the line of products. Kevin O’Leary and Barbara Corcoran teamed up to offer $250,000 for 20% equity, while Daymond John offered $250,000 for 25% and hoped to get an influencer friend on board. After some negotiations, Peter landed a deal with Kevin and Barbara for $300,000 for 20% equity.
In terms of a MountainFlow update, the eco wax will likely be working with Barbara and Kevin to bring it into markets outside of the USA. As Kevin mentioned during the
When we get a more official MountainFlow update, we will be sure to let you know! For more product updates from Season 12 Episode 12, be sure to check out the links below.