This article is about Xtorch Net Worth and other information. Most people have used a standard flashlight, but two billion lack reliable energy sources.
Gene and Keidy Palusky’s solar-powered flashlight, Xtorch, aims to address this issue. However, they didn’t secure a deal on Shark Tank.
Introduction The Xtorch
A solar-powered flashlight called the XTorch needs to be charged in the sun before usage. It can endure repeated hits on the ground or in water and is adaptable for both indoor and outdoor uses.
Users of this flashlight can save spending $2,000 on batteries by using it for up to 48 hours on a single charge. It has a USB charging cord, two torches, and other solar-powered accessories.
The XTorch is the best choice for low-light activities like camping, strolling, learning, and other pursuits because it has a maintenance-free lifespan of 7–10 years with normal use.
Its 3000 mAh lithium-ion battery also allows it to be charged by both ordinary electricity and solar energy.
Establishing The Company (XTorch)
Gene was persuaded by Keidy to leave his real estate firm behind and go on an adventure, which is how they ended up in Africa where there was little electricity.
After Keidy developed malaria in the dark while studying without light, moved pupils were even more inspired to act.
Gene created the $60 apiece XTorch solar flashlight in 2015 and established EJ Case to produce and market the product. The flashlight doubles as a backup phone charger in addition to being a source of light.
The Founder of Xtorch
XTorch was founded by Gene Palusky and Keidy Palusky. They put a lot of work into making this thing.
Gene Palusky began his career as a sculptor before going on to study fine arts at Macalester College and the University of Wisconsin for his master’s degree.
But after 15 years of fighting to make ends meet, he turned to real estate and spent 20 years buying and renovating dilapidated flats.
Gene first met Keidy while on vacation in the Dominican Republic; she would later become his wife. Gene was the creative power behind the company, but Keidy was the engine.
Some Features of Xtorch
- The XTorch needs 32 hours of gloomy weather and 22 hours of direct sunlight to fully charge. When the sky is heavily clouded, just 15% of solar radiation is transmitted.
- The XTorch may be fully charged through USB on a computer in 1.5 hours, but no cables or adapters are included with the light.
- Any ordinary USB chord can be used to recharge mobile devices from the XTorch.
- The XTorch can function for up to three years after being fully charged.
- Pre-installed is a 1-watt monocrystalline solar panel.
- A silicone USB cover shields the solar panel from harm.
- The XTorch is immune to UV rays and can be used in any climate.
- The lights are designed to float.
- At only 9.4 ounces and 8.5 inches in height, it is highly portable.
Xtorch Net Worth and Other Information
|Xtorch Founder||Gene Palusky and Keidy Palusky|
|Xtorch Founded Year||2018|
|Xtorch Headquarters Location||Minnesota, US|
|Asked for||$150,000 for 10% equity|
|Episode||Season 12 Episode 22|
|Final Deal||No Deals|
|Product||Rechargeable solar-powered flashlight|
|Business Status (2023)||In Business|
|Xtorch Net Worth||$1 million|
Xtorch Shark Tank Appearance
In 2020, the Palusky couple applied for a spot on Shark Tank and asked for $150,000 in exchange for 10% of their company. Without relying on independent retailers, they wished to boost direct customer sales.
The Sharks learned during the pitch that the XTorch flashlight lacked a patent, and the majority of them decided not to invest because they were concerned about the company’s track record of sales.
Robert Herjavec made a $500,000 offer to buy the whole company, but Gene countered with a $1 million offer for 100% of the company. Gene requested at least $750,000, but Robert again denied after Gene’s request.
Finally, the business owners left without concluding a transaction.
Xtorch Before Shark Tank
Gene Palusky discovered that many youngsters could only attend school during the day owing to the absence of lighting facilities while working in numerous locations with restricted access to energy.
Furthermore, it might be expensive to charge mobile phones because there aren’t many reliable power sources, which is difficult in times of need.
In order to solve this issue, Gene’s wife Keidy, a teacher, developed the idea for the XTorch, a gadget that offers inexpensive and environmentally friendly lighting.
The $300,000 investment made by the pair in the product’s development has paid off. 200 of the company’s 1,500 torches were sold in 2018 at a profit of $60 each.
Sales had climbed by 350% by 2020, and 25% of profits were given to charitable organizations.
Xtorch After Shark Tank
Following its appearance on Shark Tank, XTorch received over 2,000 orders, resulting in a 350% increase in sales over the prior year as fans were drawn to the product’s concept and background.
The product has a 4.5-star rating on Amazon and is quite popular.
The Paluskys persisted despite several viewers’ opinions that they ought to have accepted Robert’s offer, focusing more on philanthropic endeavors. XTorch’s current net worth is $1 million and is continuously increasing.
By 2024, the business hopes to treble annual sales, generate $3.2 million in income, and give 25% of its profits to international charities.
Xtorch Net Worth
As of 2023, Xtorch net worth is estimated at $1 million. 25% of this company’s profits go to charity.
Xtorch Shark Tank Update
Despite the show having minimal impact on them, the Xtorch company was able to sell 1400 units in a matter of weeks after making an appearance on Shark Tank.
The majority of their orders came from Amazon and their website, and they also work with numerous local, national, and international nonprofits.
However, there is currently little data accessible regarding their earnings and business activities.
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The Xtorch Pitch
On Shark Tank, Gene and Keidy Palusky presented their X-Torch product in an effort to raise $150,000 for a 10% ownership stake.
They explained the history of the creation of the item and disclosed that it costs $18.50 to produce and is sold for $55.95.
The Sharks discovered that the product was not copyrighted and that the company had only made a total of $53,000 in sales between 2019 and 2021.
The option was rejected by Mark, Kevin, and Daniel, but Robert Herjavec indicated interest in purchasing the entire business.
The Xtorch of Advantages and Disadvantages
The advantages of using the Xtorch are:
- A reasonably priced solar-powered torch is the XTorch.
- It is buoyant, airtight, and waterproof.
- There are three illumination settings and two brightness levels to choose from.
- It is small and light, making it ideal for storing in a trunk or purse.
- The flashlight has a glow feature and a 400-lumen maximum output.
- You can defend yourself, use it for nighttime navigation, and use it in an emergency.
The disadvantages of using the Xtorch are:
- There are no notable downsides to this item.
Xtorch As A Public Figure – Social Media Influencer
|Social Media Site||Linked Destination|
|Xtorch Website||Click Here|
|Xtorch Facebook||Click Here|
|Xtorch Instagram||Click Here|
|Xtorch Twitter||Click Here|
|Xtorch Youtube||Click Here|
|Xtorch Linkedin||Click Here|
XTorch Still In Business
Over 80% of buyers gave Xtorch a 5-star rating on Amazon and found it to be very helpful, indicating an overwhelmingly positive response.
Both domestically and abroad, the product can be bought. Xtorch is still in use as of 2023.
The philanthropic activity of Xtorch has also been highlighted in a number of media outlets, including Southwest Journal, StarTribune, Gadget Hints, Best Camp Kitchen, Edina, Kare, and Gear Junkie.
FAQ – Xtorch Net Worth
What is Xtorch?
The Xtorch is a solar-powered flashlight, lantern, and backup cell phone charger. It’s designed to be durable and reliable for off-grid and emergency use.
We’ve field-tested it in remote environments and under harsh conditions to ensure it works when needed.
What is Xtorch net worth?
As of 2023, Xtorch’s net worth of approximately $1 million.
Who founded the Xtorch?
The Xtorch founder is Gene Palusky and Keidy Palusky.