LARQ is a stainless steel water bottle that cleans itself. It uses UV-C LED technology to get rid of bacteria, viruses, and mold that cause bad smells in the water and on the bottom of the bottle. It’s a high-tech bottle that can clean itself and make the water inside it safe to drink.
At its highest setting, it uses UV-C technology that is safe for the environment to kill up to 99.9999 percent of germs and 99.9999 percent of viruses. The LED light is at the bottom of the bottle cap. Justin Wang is the CEO and one of the people who started the company LARQ.
With its award-winning design and effective UV-C LED technology for purifying water on the go, his LARQ Bottle promises pure water that goes beyond filtration.
The bottle’s PureVisTM UV-C LED technology is unique and patented. It uses 280 nanometer UV light to kill germs by starting a photochemical reaction that destroys their DNA.
Who is the founder of LARQ?
Justin Wang is the CEO and co-founder of LARQ. He is a former venture capitalist turned entrepreneur with a love for design. Before he started LARQ, he worked at different tech startups and non-profits.
The Journey of Companies After Appearing on Shark Tank:
- Phoozy Net Worth: Did The Brand Sky Rocketed After Shark Tank Appearance?
- What Happened With Hello Prenup During & Shark Tank Actual Networth After The Show!
LARQ Shark Tank Pitch
In 2017, Justin Wang started a successful Kickstarter campaign that raised more than a million dollars for his company, LARQ. Both customers and critics liked the product, which made it popular quickly and led to more sales. Time Magazine even said that LARQ was one of the “Top 10 Smartest Sustainable Products of 2018.”
The company ran successful IndieGoGo campaigns and went back to Kickstarter in 2020 to fund their next product, the “world’s first self-cleaning bottle.” In 2020, they said that Seventure would lead a $10 million Series A funding round in which DCM would also take part.
Wang went on Shark Tank in 2021 to ask for a $500,000 investment in exchange for a 1% stake in his company, which he thought was worth $50 million. He gave impressive sales numbers, and the sharks were impressed with how well the business was doing.
Wang got several offers, but in the end, she decided to take $1 million from Kevin O’Leary and Lori Greiner for a 4% stake, with no advisory shares.
Larq Water Bottle Net Worth Takes Off After Appearing on Shark Tank
After getting several offers from the Sharks, Justin finally made a deal with Kevin O’Leary and Lori Greiner for $1 million and 4% of the company.
After the episode of Shark Tank aired, the company reportedly got an extra $10 million. In December 2020, three-time NBA champion Daymond Green joined forces with Larq.
The company’s water bottle that cleans itself is still for sale, and they have added more products to their line.
Customers can buy their products from the company’s website, from different e-commerce sites, and from wholesalers all over the world. Justin Wang, co-founder and CEO of Larq, is still in charge of the company.
How Shark Tank Helped These Companies Achieve Success:
- Spergo Net Worth 2022: How Much Is The Worth of Shark Tank Alumni?
- FitDeck Net Worth: What Happened to Fit Deck After Shark Tank?
LARQ’s Competition in the Market
There are other rival products for the LARQ Bottle, according to the company’s official website. One of these is the Roxane, a portable UV light that costs around $159 and may eliminate up to 90% of bacteria, including salmonella, E. coli, and listeria. However, it is ineffective on cloudy water.
The Aquion water purification system, a portable water disinfection device in the form of a bottle with built-in ceramic electrodes, is another rival. It can only clean pure water and costs about $65 but is environmentally friendly, secure, powerful, and economical.
Another item is the Cheers Healthy Water carbon filter, which is created in the USA and costs about $58 per unit. It can remove pollutants like lead, copper, and mercury as well as contaminants like chlorine, smells, and taste.
Although it can create up to 1000 gallons of clean drinking water and can filter out viruses, germs, and toxins, the L10 portable water purifier, which costs around $65 per unit, is ineffective on cloudy or contaminated water.