This prevents him from accepting the offer. Many established companies have already established themselves as leaders in this market. Electra is multitalented and beautiful, all of which she has used to become one of the most famous faces in show business. This Electra energy drink company has been running for a long time and now it is running well in May 2020 as well. Customers who are thirsty can acquire its items for shipment immediately from their website and participating stores. Fran Harris, the founder of the Electra brand, is a multitalented female who has been athletic in her college time. However, Greiner said, sports drinks are not her cup of tea and decided that she was out. What Happened to The Dough Bar After Shark Tank? The drink is designed to provide healthy hydration to athletes and everyday doers. Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. Yes, Electra is still in business today. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. Electra Harris said her Counter Offer was too much equity but she would like to stay in 25% equity with the same deal. In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. Olivia Munn Bikini Photo from Las Vegas Shows Off Her, The Most Disregarded Fact Regarding Marijuana Explained, Cardi B Shows Off Her Thong Bodysuit in A New Instagram, Electra Drink Net Worth: What Happened to Electra in Shark Tank?. Lori gushes about how much she admires Harris intelligence and self-assurance. However, the deal was contingent on Harris landing a major athletic spokesperson. Fran Harris founded Electra, which has offices in Dallas and Austin. Electra Beverages sells how many products? Electra founder and CEO Fran Harris pitched to the panel of Sharks on Shark Tanks 12th season, asking for $350,000 in exchange for 20% in her company. Are there any adverse effects of drinking Electra Beverages? Electra Sports Drink appeared on Shark Tank seeking $350,000 for a 20% stake in the company, which would have valued the company at $1.75 million. In her appearance on 'Shark Tank' Electra Beverages founder Fran Harris landed a deal worth $350,000 from shark Barbara Corcoran. She wanted $350,000 in exchange for 20% ownership in the business. What Happened to Potty safe After the Shark Tank pitch? It also has very little sugar or artificial sweeteners. If you love staying up-to-date on the latest and hottest Hollywood, Bollywood, Entertainment, and Tech-related news then Imm3rsive is the place you are looking for. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. Yes, She likes to go to the gym. The founder, Fran Harris, created Electra after realizing how many calories and how much sugar was in some of the biggest sports drink brands on the market. The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. Drink powders were first offered by her company in 2022. It is a kind of a drinks brand that makes hydration drinks. What Happened To Crispy Cones After The Shark Tank? Dont forget to give it a good shake before serving. By staying ahead of industry trends and continuously adapting to the needs and preferences of its target audience, Electra Sports Drink can ensure its long-term success and financial growth. It was the first ST episode of the new year and we didn't disappoint. As Seen On Shark Tank Electra is a better-for-you hydration beverage feat. Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. WebElectra Sports Drinks Net Worth During her appearance on Shark Tank Season 12 Episode 9, Fran Harris was seeking $350,000 for a 20% stake in her sports nutrition company, Electra. When he isnt reading the source material for a piece or decompressing with a comfort horror movie, Nik is usually somewhere on his bike. Fran Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210. The Sharks were impressed with the product but had concerns about entering the beverage industry, especially since the company had almost no sales due to being in its early stages. What Happened To Range Beauty After Shark Tank. What are the ingredients in Electra Sports Drinks? Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! The company was founded by a group of sports enthusiasts and nutritionists who identified a gap in the market for a sports drink that could cater to the specific needs of athletes. Electra comes in three flavors- Passion Punch, Oh Yeah! The cost of their wares is stated at $11.9. Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. Texas startup Electra Beverages to pitch sports drink, lifestyle The Toilet Safe is a kid, Read More What Happened to Potty safe After the Shark Tank pitch?Continue, What Happened to Longhairs after Shark Tank Pitch? Q2. Sports Drinks Harris answered that around $30,000 will go to inventory, $25,000 will be for research and development, and the rest will go to logistics, sales, and marketing. Electra Sports Drinks commitment to product innovation has also been a driving force behind its financial success. They have a high rate of sales, and in addition to selling online, they also sell to stores. Also, in 2020, Electra has raised $40,000 from WeFunder. As seen in the Shark Tank episode, Harris was exuding confidence and optimism about her brand and her capability to succeed in the harsh world of sports beverages. This category only includes cookies that ensures basic functionalities and security features of the website. The Dough Bar offers healthier doughnut, Read More What Happened to The Dough Bar After Shark Tank?Continue, What Happened to IReTron After the Shark Tank Pitch?