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Xtorch Net Worth 2022

XTorch Net Worth 2022

XTorch is a company founded by Gene and Keidy Palusky. The company provides rugged and reliable solar-powered flashlights to people in need. The company donates 25% of its net profit to partner international relief agencies. By 2022, its net worth could reach $1 million.

The XTorch is a durable flashlight that can last between seven and ten years. Its battery is made of 3000 mAh and can be used for at least two years without charging. It also has a solar panel that can produce a one-watt output. The product is also waterproof and resistant to UV rays. XTorch’s founders are Gene and Keidy Palusky, a husband and wife team. Gene was a real estate expert before founding the company. He would purchase properties. Later, he would serve as a missionary in poor countries. He met his wife in Colombia, where they met.

XTorch was valued at $1.4 million at the time of its Shark Tank appearance. The two founders had spent many years building up the business. Their portable charging and power storage devices sold $113,000 units last year. Herjavec wanted to buy XTorch outright. His initial offer was $500,000, but Gene and Keidy Palusky countered with $1 million.

The startup has received widespread media coverage. It has even been featured in the largest newspaper in Minnesota, The Star Tribune. Gene and Keidy Palusky hope to double their sales every year. They expect to earn about $3.2 million in revenue every year by 2022. The couple have two young children and a mother who help them with the business.

Gene and Keidy came up with the idea for XTorch. The two had a vision for a solar-powered flashlight that could last for hours. But the existing offerings in the market were not up to their expectations. The company created Xtorch, a solar-powered flashlight that also functions as a mobile phone charger.

XTorch is currently in the process of raising money to expand their business. Their initial capital raise was $150,000 for a 10% stake in the company. They plan to donate at least a quarter of their profits to nonprofit organizations. Their mission to help people in need remains their top priority.

The founders of XTorch are donating at least 25% of their profits to non-profits. The company also donates a percentage of its retail profits to the non-profit organizations. Their goal is to reach $1 million in sales by 2022. Its products have been featured in numerous publications, and have received favorable reviews from consumers.

Keidy and Gene were inspired by college students who had trouble studying in the dark. They traveled to Africa, where electricity was scarce. This resulted in many students studying without light at night. Gene and Keidy decided to make a product that could solve the problem. They created the XTorch solar flashlight, which sells for $60. The company also offers a case for phones that functions as a backup phone charger.

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