Xcraft Net Worth 2024 [Shark Tank Update]

Xcraft is an electric drone manufacturer company. Basically, this company makes multi-purpose drones that can fly very fast and record video. There are two different moods of flying in this type of drone. Xcraft drones can fly in both vertical mood and horizontal mood.

Each drone contains four different wings with powerful motors. If you need to capture any video of fast-moving things like cars or bikes then you may use a drone of Xcraft. The drone is really fast and it can go up to 400 meters high.

The feature of this product is very impressive and many people use this drone for professional videography. The co-founders of XCraft drone company have visited one of the most popular Television shows Shark Tank. Now you will know if XCraft drone company was able to make any deal with the Sharks or not.

XCraft Shark Tank Overview:

XCraft Shark Tank Update:

JD Claridge and his partner Charles Manning have attended Shark Tank season 7 when the 5th episode was airing on screen. They brought one of the XCraft drone with them to show the judges. Both of the co-founders have described the using process of the drone and also told in which case these drones can be used.

They said the advantages of using the XCraft drone instead of normal drone. Then they told me about the requirements of XCraft company. Claridge and Charles were asking for $500k investment for the development of their company. In return, they offered 20% equity of the company.

But, the outcome of this proposal was very interesting. Because all the Sharks were interested in investing their money on XCraft company. So, Claridge and Charles decided to provide 5% equity for each of the Sharks but in that case their requirement was $1.5 million.

xCraft Drone Captures the Attention of All Sharks, Kevin O’Leary, Mark Cuban, And Other 3 Sharks Take A Bite With $1.5 Million. At last Kevin O’Leary, Mark Cuban, Daymond John, Robert Herjavec, and Lori Greiner jointly invested that valuation on XCraft.

What happened to XCraft after Shark Tank?

After Shark Tank XCraft has made the deal with all the Sharks of the show and the company has achieved a huge amount of investment which was even more than expected. The TV appearance of this company was like a free advertisement for the products so, the sale of this company has also grown. XCraft drone manufacturer company is still active in the market.

XCraft Net Worth 2024:

XCraft company net worth is $20 million in 2024. The co-founders of this company has said that the manufacturing cost of each drone is $400 and the retail price of each product is $1800 in the market.

XCraft Founder’s:

JD Claridge and Charles Manning have founded the drone company XCraft. First of all they have developed the product and then they started to manufacture it commercially. Now it is one of the multi-million dollar worth company that has passed through Shark Tank and it was able to impress all the judges of Shark Tank. Presently JD Claridge is the CEO of XCraft.

About XCraft:

Xcraft drones are known for their quality and innovation, often featuring advanced flight capabilities, long flight times, and high-quality cameras. It’s important to note that my knowledge is based on information available up until September 2021, and Xcraft may have released developments or new products since then.

If you’re interested in purchasing a specific Xcraft drone or learning more about their latest offerings, I recommend visiting their official website or contacting their customer support for the most up-to-date information.