W Star

Alain Savoie and Patrick Tetreault of W Star pitched their reinvented aluminum truck wheels, which feature improved self-cleaning and cooling capacity, along with colour options, and are said to extend wheel life by 30% at a similar price to standard wheels. The wheels are designed and engineered in Canada and the US but manufactured in China. The company had $8.5 million in sales in 2024 with a 31% gross margin, projected to grow to almost $13 million this year, and Patrick Tetreault personally invested $2.5 million after selling a previous company for $7.5 million. They sought $1 million for 2% equity, valuing the company between $31 million and $50 million based on their accountant's assessment, but have no patent on the technology.

All five Dragons declined to invest. Manjit Minhas felt 2% equity was too little to entice an investor. Brian felt the founders did not need capital, just advice. Michele Romanow was concerned about the lack of a clear exit strategy since the founders had no intention of selling. Wes felt the valuation was too rich and too little equity was offered, citing unresolved tariff risks. Arlene did not think the valuation was unreasonable but felt it wasn't the right space for her to invest in. No deal was made.

W Star appears to have closed. Its products may no longer be available.