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It is their vision for the future of urban transport and the convenience they are offering with their revolutionary new board. In the end, Inboard Technology agreed to a $750,000 loan at 9% interest over 36 months for 4% equity.Īn electric skateboard brand that promises to revolutionize urban transportation is not something new, but there are some things that set Inboard Technology apart from the rest. The brainchild of Ryan Evans, Dave Evans, and Chris Haley, all of whom come from Santa Cruz, California, the founders of Inboard Technology came on Shark Tank to see an investment of $750,000 in exchange for 4% stake in their company, which had an $18.750-million-dollar evaluation. There are dozens of other electric skateboards that are doing the rounds right now, but what truly sets apart the M1 Skateboard is that it has motors inside the wheels. The board costs around $1,399 and comes with a PowerShift battery and a soft carry bag. and comes with in-wheel motors, integrated LED lights, and regenerative braking. Inboard Technology is the ‘world’s first electric skateboard with motors inside the wheels.’ The board boasts a top speed of 24 mph. Whether it is going to the store, or just going around the neighborhood, Inboard Technology wants to be the one to take you there. The company is committed to expanding the e-transportation market and making it fun for people to commute within the city. If you’ve been shopping around the latest urban transportation trend and have been looking at electric skateboards, you may have come across the M1 electric board by Inboard Technology. Welcome to our review of Inboard Technology.