HTT Plethore Supercar

a Canadian built supercar

The ask$1,500,000for 20% of the business

Implied valuation$7.5Mask / equity

On-air resultDeal agreed

Founders: Sébastien Forest, Carl Descoteaux

On the record

The deal, on the record

HTT Plethore Supercar pitched for $1,500,000 in return for 20% equity.

Season: 6, ep 17
On-air outcome: Struck a deal
Deal terms: Ask was 1.5M for 20%. On-air terms: $1M for 20% plus $500K in loans plus rights to buy 3 cars at cost. Same paragraph continues "This deal fell through after the transmission failed during a test drive", which indicates a deal was agreed on air and collapsed in due diligence. Wikipedia cites Mary Teresa Bitti, "Dragons breathe fire into Plethore", Driving.ca, 2011-02-21 (link now dead). This is the HTT Pléthore article, not the Dragons' Den Canada article listed as exhausted.
Investing Dragons: W. Brett Wilson, Robert Herjavec
Category: Automotive

Tracked by Dragons Den Hub. Deal terms come from the aired episode; availability reflects our latest check only.