✓ Got a deal Acquired Season 9, Ep. 7 🚗 Automotive

WaiveCar on Shark Tank

WaiveCar is an electric car-sharing service that offered free rides supported by advertising displayed on the vehicles. It aimed to make short city trips affordable while increasing exposure to electric vehicles.

Check price on Amazon

We may earn a commission when you buy through our links. It never affects what we write. How we make money

🖨️ Giving this as a gift? Print the "story behind your gift" card

⏱ WaiveCar in 30 seconds

The ask$500K for 2%Valued at $25M
In the tankDeal: $500K for 2%With Kevin · loan
After the showNot confirmedNo public record either way
TodayAcquiredBought by REEF, a SoftBank-backed company, in December 2021, and the …

WaiveCar Shark Tank deal

Asked for: $500,000 for 2%
Asking valuation: $25M
Result: Deal
Final deal: $500,000 for 2%
Deal valuation: $25M
Shark: Kevin O'Leary
Structure: Loan / credit line
Founders: Zoni Honig and Isaac Deutsch
From: CA
Aired: Oct 29, 2017

Asked

$25M

Got

$25M

Would you have invested in WaiveCar?

The pitch

Zoni Honig and Isaac Deutsch from CA pitched WaiveCar in Shark Tank Season 9, Episode 7 (aired Oct 29, 2017). They asked for $500,000 in exchange for 2% equity, valuing the business at $25M. The entrepreneurs walked away with a deal from Kevin O'Leary: $500,000 for 2%. Part of the investment was structured as a loan or line of credit.

What happened to WaiveCar after Shark Tank?

Acquired

WaiveCar was acquired: Bought by REEF, a SoftBank-backed company, in December 2021, and the REEFDRIVE program that took over its service stopped operating in 2023..

Sources (2)

📝 Know something we don't? Suggest an update

Reviews of WaiveCar

No reviews yet. Have you tried WaiveCar? Tell other shoppers what you think.

Frequently asked questions

Did WaiveCar get a deal on Shark Tank?

Yes. WaiveCar got a deal with Kevin O'Leary for $500,000 and 2% equity.

Which Shark invested in WaiveCar?

Kevin O'Leary invested in WaiveCar on Season 9 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is WaiveCar still in business?

WaiveCar was acquired: Bought by REEF, a SoftBank-backed company, in December 2021, and the REEFDRIVE program that took over its service stopped operating in 2023..

What season and episode was WaiveCar on Shark Tank?

WaiveCar appeared in Season 9, Episode 7, which first aired on October 29, 2017.

Where can I buy WaiveCar?

Search for WaiveCar on Amazon or major retailers; availability varies.

What was WaiveCar's valuation on Shark Tank?

The founders valued WaiveCar at $25,000,000 when they entered the Tank, and the final deal valued it at $25,000,000.