PowerPot Update | Shark Tank Season 5

David Toledo and Caleb Light engineered a pot that can charge cell phones as it boils water. It’s popular with campers, but will the sharks give them a deal on Shark Tank Season 5? Find out in our PowerPot update!

Shark Tank PowerPot Update

PowerPot Update

  • Entrepreneurs: David Toledo, Caleb Light
  • Business: Cooking pot that charges phones
  • Ask: $250,000 in exchange for 10% equity
  • Result: $250,000 in exchange for 20%
  • Sharks: Mark Cuban

David and Caleb brought their PowerPot to the tank, the first of their company Power Practical’s products. Powered by the boiling water, Caleb says their product can charge 90% of USB devices as quickly as home chargers.

POWER PRACTICAL Luminoodle Under Cabinet Lighting – Click LED Light Strip for Shelves, Kitchen Cabinets, & Furniture, 3-Pack Includes Power Button & Tape Adhesive - Warm White (2700K)

Shine On: Look on the bright side of LED lights with our evenly spaced strip lighting that illuminates any kitchen cabinet or shelf. Stick to Click: Setting up these wireless under cabinet lights is simple; adhere them to a wood, metal, or plastic surface, turn on, & you're done!

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They initially funded the pot on Kickstarter, setting out to raise $50,000, but they surpassed their goal, raising $126,000. They sold $300,000 worth of product in the then-current year. Caleb projected their next-year sales to be $2 million, drawing some laughs from the panel.

The mention of camping without electricity triggered some rough memories in Kevin O’Leary, and he said he wanted nothing to do with the product. Daymond John said the business was too small for him to invest in at the time. Lori Greiner and Robert Herjavec agreed, saying it was too early to tell whether the concept would take off.

Mark offered $250,000 in exchange for 20% equity. Caleb countered with an offer of 12%, 3% advisor options, and a seat on the board of their company. Mark accepted and the guys walked away with a deal! What was next for their company? Keep reading our PowerPot update to find out!

We have interesting news to share in our PowerPot update. After doing the deal with Mark, the product was sold in camping and outdoors retailers all over the country. They sold well, and the company was acquired by Thrasio, a brand management company. Power Practical no longer has a website, but a storefront on Amazon still exists, mostly selling LED strip lights. The PowerPot however, is no longer available.

Would you like to learn about the other companies featured on Season 5 Episode 24? Follow the links below for our other company updates from the episode.

For even more on companies and products, be sure to stop by our Season 5 Products Page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!