Lectec offers innovative STEM kits for building electric skateboards while learning engineering, coding, and physics. Make learning fun and hands-on!
When Jared Ebersole gave his nephew an electric skateboard for Christmas, he never expected that the gift would ignite a passion for learning about technology, engineering, and coding. Instead of simply riding the board, his nephew was far more intrigued by how it worked—the motors, the gears, and the batteries that made the board function.
This sparked an epiphany for Jared: why don’t schools teach science this way? He realized that most science lessons in schools are dry, difficult to connect with and fail to capture students’ imagination. What if students could learn in a hands-on, practical environment instead of through traditional classroom methods? This realization led to Lectec, a revolutionary product that blends learning with fun. Through Lectec’s educational kits, kids can build and ride their electric skateboards while learning about engineering, physics, and coding dynamically and engagingly.
But the big question is: would the Sharks on Shark Tank see the potential in this educational innovation? After the show, let’s dive into the pitch and the exciting developments at Lectec.
Key Takeaways
- Lectec is an educational technology company that creates hands-on kits for building electric skateboards to make learning STEM subjects like engineering, coding, and physics more engaging and practical for kids.
- Pitch Details: The founders, Jared Ebersole and Luke St. Amand, entered Shark Tank Season 16 seeking $100,000 for 10% equity in their business.
- Investment Outcome: They secured a deal with Robert Herjavec for $100,000 in exchange for 15% equity.
- Product Offering: They offers electric skateboard and scooter kits designed for educational purposes, along with step-by-step guides to help users build and learn.
- Expansion: Post-Shark Tank,They expanded its product line and launched Lectec Academy, an online platform with educational resources for students.
- Market Focus: Initially targeting schools, after-school programs, and summer camps, Lectec has also considered expanding into the consumer market.
- Revenue: In just 10 months, the company generated $146,000 in sales, showcasing significant potential for growth in the educational sector.
Lectec’s Net Worth in 2024:
The net worth of Lectec in 2024 could be roughly between $667,000 and $1 million, depending on which growth projection is more accurate.
Lectec’s Net Worth in 2025:
In 2025, the estimated net worth of Lectec, the company behind the STEM kits, could range from approximately $700,000 to $2.66 million. This wide range reflects different assumptions about the company’s growth and valuation, including potential investments and sales performance. The lower end of this range might reflect more conservative growth projections, while the higher end could result from successful partnerships or significant market expansion.
Lectec on Shark Tank: Pitch
Entrepreneurs: Jared Ebersole and Luke St. Amand
Business: Educational technology kits for building electric skateboards
Ask: $100,000 for 10% equity
Result: $100,000 for 15% equity from Robert Herjavec
Jared and Luke entered the Shark Tank arena, hoping to convince the Sharks that their hands-on STEM education model was the future of learning. The core idea behind Lectec is simple but profound: instead of relying on textbooks or lectures, students can build electric skateboards and ride them while learning core scientific concepts such as motors, gears, and batteries. The electric skateboard kits teach students about the mechanics and dynamics of transportation technology and allow them to engage in real-world applications of science and engineering.
When asked about their target market, Jared explained that, so far, their focus had been on schools, after-school programs, and summer camps. They had not yet ventured into the consumer market. This focus on education was a key part of their mission to make STEM learning fun and accessible.
Financial Overview:
- The full Lectec kit, which includes everything a student needs to build and ride their electric skateboard, is priced at $349.
- The production cost of each kit is $149, which leaves a healthy margin for the company.
- Within 10 months of operations, they generated $146,000 in revenue, showing strong early-stage success.
However, as the pitch progressed, some sharks, like Lori Greiner, believed Lectec could also have strong consumer market potential. This suggests creating separate models for educational and direct-to-consumer markets.
Despite the suggestions from some sharks, the focus remained on education. Jared explained that his vision was to empower students with practical STEM skills and to foster curiosity about science in a way that traditional teaching methods couldn’t achieve. This passion and clarity resonated with Robert Herjavec, who offered $100,000 for 25% equity in the company.
Kevin O’Leary also presented a proposal, offering $100,000 for 10% equity plus a $10 royalty per unit sold, capped at $500,000. While the royalty offer seemed intriguing, Jared and Luke were more inclined toward Robert’s straightforward equity deal.
After some negotiation, Robert adjusted his offer to 15% equity in exchange for the $100,000 investment. Jared and Luke ultimately chose Robert’s deal, securing his backing and moving forward with an exciting partnership.
Lectec Update: Growth and Expansion Post-Shark Tank
Since its appearance on Shark Tank, Lectec has made significant strides in both product development and market expansion. The company has introduced new products, broadened its educational offerings, and launched a new online platform to support its mission of making STEM learning more accessible and engaging for students of all ages.
Product Expansion: New Kits and Learning Materials
Lectec has expanded its product line beyond the original electric skateboard kits. The company now offers electric skateboard and scooter kits, allowing students to explore engineering principles through different types of transportation technology. The new kits come with step-by-step guides, making the assembly process easy and enjoyable.
Each kit is designed to teach students how to build and operate electric vehicles and understand the underlying science and mechanics that power them. This hands-on approach to learning enables students to apply concepts like motor dynamics, gear ratios, battery efficiency, and coding, giving them a comprehensive STEM education experience that’s both practical and fun.
Lectec has also made the kits customizable for different learning environments. The company offers tailored kits for schools, after-school programs, and summer camps, with varying difficulty levels, to cater to students of all ages.
Lectec Academy: An Online Learning Platform
In addition to their physical products, It has also launched Lectec Academy, an online platform that offers interactive learning modules and educational resources to supplement their kits. This platform provides students with tutorials, engineering challenges, coding exercises, and videos that enhance the learning experience.
Lectec Academy is designed for students from middle school to college, making it a versatile resource for various educational levels. The platform also includes interactive quizzes and project challenges, encouraging students to apply what they’ve learned in real-world scenarios, such as building prototypes or solving engineering problems.
With the advent of Lectec Academy, the company has turned from being a product manufacturer into an educational content provider, offering a holistic learning experience that blends physical, hands-on kits with comprehensive digital learning tools.
Increased Demand and Expanded Market Reach
Since the airing of the Shark Tank episode, It has seen an uptick in demand. Schools, after-school programs, and summer camps have continued to adopt Lectec kits, integrating them into their STEM curricula. This growth has been fueled not only by the exposure on the show but also by the company’s strong commitment to providing a quality educational experience.
Lectec’s online sales platform has also helped the company reach a broader audience. The company now sells kits directly to consumers through its website, making purchasing the products easier for parents, students, and educators. Additionally, They has begun offering bulk orders for schools and other educational institutions, providing customizable kits that can be branded with the school’s logo or adapted for specific learning needs.
Partnerships with Educational Institutions
Lectec has partnered with various educational institutions, offering their kits as part of STEM programs designed to engage students in hands-on learning. These partnerships have helped Them expand its footprint in the academic sector and opened doors to new opportunities in both the public and private education sectors.
One of the most exciting aspects of these partnerships is how they have helped foster collaboration between educators, students, and the broader tech community. Lectec’s products have provided teachers with an innovative way to introduce complex concepts like coding and engineering design to their students in a way that feels less like a textbook lesson and more like an interactive project.
Challenges Faced by Lectec and How They’re Overcoming Them
While Lectec has experienced strong growth, it hasn’t been without its challenges. One of the primary obstacles the company faces is scaling production to meet growing demand. As more schools and consumers become interested in the product, the need for a larger supply chain and faster fulfillment times has become apparent. To address this, They works with manufacturing partners to streamline production and ensure they can meet the demand without compromising product quality.
Another challenge Lectec is tackling is the expansion into the consumer market. While the company has a strong foothold in education, many see great potential for its products in the consumer sector. To navigate this transition, Lectec plans to introduce new products that cater to the consumer market, including DIY kits for adults who want to learn about electric skateboards and scooters.
Future Outlook: What’s Next for Lectec?
With the support of Robert Herjavec, Lectec is poised for even greater success. The company has a growing appetite for educational products that make STEM learning exciting and interactive. They plans to expand its product offerings with new kits to cover additional science, technology, and engineering areas. The potential for growth in the consumer market remains high, and the company is well-positioned to tap into this opportunity with its proven educational approach.
Lectec’s future includes further developing Lectec Academy with new learning modules, interactive projects, and community engagement initiatives. The goal is to create a comprehensive ecosystem for STEM education that provides students with the tools, knowledge, and confidence to pursue careers in science and technology.
Conclusion
Lectec’s innovative approach to STEM education, combining hands-on kits with digital learning, is changing how students engage with science, technology, engineering, and math. Through their products, They are making these complex fields more accessible, fun, and applicable to real-world scenarios. Thanks to the backing of Robert Herjavec and the success of their Shark Tank appearance, Lectec is on track to make a lasting impact on education.
As they expand their product line and reach, Lectec is on its way to becoming a household name in STEM education. With a focus on both education and consumer markets, It has the potential to revolutionize how we teach the next generation of innovators.
Stay tuned for future updates as Lectec continues to grow and evolve, shaping the future of STEM education one electric skateboard at a time.
For the latest updates from Shark Tank Season 16, Episode 11, explore the links below:
- FLAMINGO UPDATE
- JOYBELLS UPDATE
- BUMPEEZ UPDATE
Before you go, make sure to check out our list of all the Shark Tank Season 16 products.
