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 Shark Tank pitch, lots of countries are banning wax made from petroleum, opening the door for Peter’s line of plant-based ski wax.
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.
For more Shark Tank Season 12 company updates, be sure to check out our Season 12 Products page.