Co-owned by Mark Cuban, Tower Electric Bikes is a direct to consumer brand launched to fill the brand void in the hyper-growth $30B eBike market by developing the world's first eBike brand focused obsessively on creating high-end electric beach cruisers, inline with Tower's beach lifestyle brand. By selling direct to consumer only, Tower sells comparable quality eBikes at half of what they go for in retail.
Mark Cuban invested $150,000 in Tower Paddle Boards based on a Shark Tank pitch in 2011. We've paid him out more than $1 Million in dividends to date and he's still got his ownership stake. On several occasions he's singled out Tower as one of his best Shark Tank investments.
He's mentioned us as one of his best investments of ABC’s Shark Tank too many times to keep track of - Forbes in 2012, the Howard Stern Show in 2013, the INC GrowCo in 2014, ABC's 2020 in 2017, People Magazine in 2018, and many more.