On Shark Tank, the drone firm xCraft sparked a feeding frenzy.
According to owners J.D. Claridge and Charles Manning of the Idaho-based company that was featured on Friday’s show, their drone can go from hover to flight mode, traveling at up to 60 mph and reaching altitudes of up to 10,000 feet.
Despite the fact that xCraft’s drone hasn’t yet been released, the co-founders had $173,000 in pre-orders through a Kickstarter campaign and their business website when they went to the sharks. According to VentureBeat, Manning was hired by Claridge, an aerospace engineer in his mid-thirties, to assist with managing the company’s commercial operations last year. In addition to serving as Kochava’s CEO, Manning has 20 years of experience in the software sector.
Shark Tank and XCraft
JD Claridge and Charles made a grand entrance into the tank by flying the X PlusOne into the space in front of them. After a safe landing, they compared the development of the drone industry to the beginning of aviation. By inventing manned flight, the Wright brothers altered how people saw transportation. Similar unmanned flights were being carried out by drones. A drone was redefined with the X PlusOne.
Although many conventional drones could hover, this one had a wide range of uses because it could transform into a plane. The X PlusOne could do everything, even filming a moving car and traveling farther on a single charge. It could also easily switch between its two modes while flying and be programmed to take a particular route. JD and Charles asked for a $300,000 investment for twenty percent of XCraft.
Update for XCraft in 2022: After Shark Tank
The deal between the Sharks and xCraft was never finalized. But that hasn’t stopped their success. Even though they have stopped selling items to the general public in order to concentrate on making drones for businesses and military units, they are still operating as of August 2022. According to what we can tell, they are today valued at over $17 million, a huge increase from the $6 million they had when they first went on Shark Tank.
They also started a Kickstarter campaign for their phone drone project, which was successful in raising more than $170,000, well exceeding their initial $100,000 goal. A number of venture capital firms, including Meyer Equity and Mountain Man Ventures, have also agreed to invest in them. They also used a StartEngine campaign to raise more than $1 million.
Padrone, Matrix RTK, Nano One, Shadow, Matrix SE, and Maverick Mapper are now their six available products.
Once the Nest Cover Is Opened, the Panadrone Will Lift Off on Its Own.
Panadrone: This drone can shoot high-definition video while flying up to 400 feet in the air. Furthermore, it has the ability to function as a node in a mesh network. Simply choose the appropriate altitude on the included tablet, then click the “launch” button. The Padrone will autonomously open the nest cover and take off. Those who would like to request a live demo can do so from their official website.
The Matrix RTK, which was created for surveyors and engineers, is ideal for people who want to take high-resolution mapping photographs. For the most accurate autonomous path, it can additionally be coupled with a GPS bay station.
The Nano One, their most recent invention, is a wind- and rain-resistant drone intended for military surveillance. To ensure mission success, it has ultra-portable capabilities including the auto return and lost link failsafe.
Shadow: This unmanned aerial vehicle can fly up to 100 feet in the air and be tethered for up to 24 hours. Additionally, it has an emergency backup power system that will guarantee its safe return in the event of a power system breakdown.
The Maverick is ideal for reconnaissance, according to Maverick Mapper. It has a Skydroid controller and can map 40 acres on its own in 25 minutes. You can follow them on social media if you’d like to be updated on their most recent news. Their official Facebook page (@xcraftuav) is updated frequently, and they have an active Instagram account (@xcraftuav) with over 10.8K followers.