Kickstarter

Next into the tank are Michael Burtov and Dakota Decker of GeoOrbital, seeking $500,000 for five percent equity.

GeoOrbital turns a regular bike into an electric bike in seconds. Simply remove the front wheel of any bike and replace it with the GeoOrbital wheel—and pedaling becomes completely optional. According to their website, “simply clip on the throttle and use it like a gas pedal – the harder you press the faster you go. The 500W motor puts out TWICE the power of an Olympic cyclist. Pedal if you want, sit back if you don’t.” The wheel, which can be totally recharged in four hours, costs $995 and is available in silver or black.

Kevin O’Leary and Barbara Corcoran have fun trying out GeoOrbital, but Corcoran worries that buying an electric bike might actually be cheaper than buying their wheel. Guest shark wishes the duo would actually focus more time on their “innovative” bike and not the wheel and goes out.

Mark Cuban worries about distribution in an already competitive market and goes out, followed by Lori Greiner. O’Leary thinks the price is too high and goes out, as does Corcoran.

Social Media Reacts to GeoOrbital’s Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you try out GeoOrbital? Sound off in the comments section below!