Lectec Shark Tank

Electric Skateboard & Scooter

Lectec Shark Tank

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Table of Contents

Founding and Vision

The inception of Lectec was inspired by a personal experience of co-founder Jared Ebersole. After gifting his nephew a hand-built electric skateboard for Christmas in 2021, he noticed his nephew’s keen interest in understanding its mechanics rather than just riding it. This observation led Ebersole to envision a product that could make STEM education more interactive and practical. Partnering with Luke St. Amand, a data scientist with a passion for computer science ignited during the 2020 lockdown, they established Lectec. Their mission was to create educational kits that would provide students with a tangible understanding of engineering principles through the assembly of electric vehicles.

Summary

Lectec offers DIY electric skateboard and scooter kits aimed at enhancing STEM education through hands-on learning. Co-Founders Jared Ebersole and Luke St. Amand sough $100,000 for 10% equity.

Jared and Luke secured a deal with Robert Herjavec for $100,000, 15% equity.

After its appearance on Shark Tank, Lectec broadened its product range to feature electric skateboard and scooter kits, offering users step-by-step guides for easy learning.

Robert Herjavec
Accepted offer of $100,000 for 15% equity
Kevin O’Leary
$100,000 for 10% equity plus a royalty of $10 per unit sold until $500,000 is paid
Mark Cuban
No offer
Lori Greiner
No offer
Barbara Corcoran
No offer

Lectec Shark Tank Experience

Lectec Shark Tank Pitch

In February 2025, Lectec’s founders appeared on Season 16, Episode 11 of Shark Tank, seeking an investment to further their educational initiatives. They presented their electric skateboard kits, emphasizing their potential to revolutionize STEM learning by making it hands-on and engaging. The pitch resonated with the sharks, leading to multiple offers. Ultimately, they secured a deal with Robert Herjavec, who invested $100,000 for a 15% equity stake in Lectec.

Pitch Summary

Season and Episode
Season 16, Episode 11
Air Date
February 7, 2025
Entrepreneurs
Jared Ebersole and Luke St. Amand
Product
Lectec specialized in DIY electric vehicle kits—specifically electric skateboards and scooters—designed to enhance STEM education by providing students with hands-on learning experiences.
Investment Sought
$100,000
Equity Offered
10%
Valuation
$1 million
Initial Sales
$146,000 over a 10-month period
Retail Plans
Lectec’s primary market focus was on educational institutions, aiming to integrate their kits into school curricula to promote practical STEM learning. The kits were also made available for direct consumer purchase, broadening their reach to individual learners and enthusiasts.
Final Deal
Robert Herjavec offered $100,000 for 15% equity.

*After the filming of a Shark Tank episode, investments are subject to thorough audits and evaluations. During this time period, the terms of the investment can be altered or canceled by either party. As a result, the deals presented on the show may not always come to fruition for various reasons. This site does not guarantee the accuracy of any final investment figures.

Post-Show Developments

Following their Shark Tank appearance, Lectec has continued to evolve. They have expanded their product line to include not only electric skateboards but also scooters and bikes, broadening the scope of their educational impact. Additionally, they have launched Lectec Academy, an online learning platform that provides educational materials for students from middle school to college, further supporting their mission to make STEM education accessible and engaging. 

Safety and Curriculum Integration

Understanding the importance of safety in educational tools, Lectec has incorporated several safety features into their products. Notably, each kit includes a fire extinguisher built into the battery, and the vehicles have adjustable riding modes starting at 3 mph, ensuring a safe learning environment for students. Beyond the assembly process, Lectec offers an expansive curriculum that encourages customization and further learning, allowing students to delve deeper into engineering concepts and applications.

Product Features and Specifications

Lectec’s flagship products are their electric skateboard and scooter kits, designed to provide a comprehensive learning experience. Each kit includes all necessary parts and tools, along with step-by-step instructions, enabling students to assemble their own electric vehicles. This process not only teaches technical skills but also fosters critical thinking and problem-solving abilities. The kits are versatile, suitable for various educational settings including middle schools, high schools, and colleges. They align with subjects such as Science, Career and Technical Education (CTE), Engineering, and Physics. Lectec has collaborated with educational institutions like Mineola High School and the City College of New York’s Afterschool STEM Institute to integrate their kits into curricula, enhancing the practical learning experiences of students.

Lectec Shark Tank

Final Thoughts

Lectec’s journey exemplifies how innovative approaches can transform traditional education methods, making learning more interactive and impactful. By merging practical engineering projects with comprehensive curricula, Lectec is inspiring the next generation of engineers and problem-solvers.

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FAQs

What is Lectec?

Lectec offers DIY electric skateboard and scooter kits designed to enhance STEM education by providing hands-on learning experiences.

Who founded Lectec?

Lectec was co-founded by Jared Ebersole and Luke St. Amand.

What was Lectec’s Shark Tank deal?

On Shark Tank Season 16, Episode 11, Lectec secured a $100,000 investment from Robert Herjavec in exchange for 15% equity.

How much were Lectec’s initial sales?

Lectec achieved $146,000 in sales over a 10-month period prior to their Shark Tank appearance.

What educational benefits do Lectec kits offer?

Lectec kits provide practical experience in engineering and physics, making STEM subjects more engaging and accessible for students.