Air Car Shark Tank Net Worth 2023
The net worth of Zero Pollution Motor in 2023 after Shark Tank is unknown. Zero Pollution Motors appeared on Shark Tank in 2015, and its valuation was $10 million.
The founders of Zero Pollution Motors, Pat Boone and Ethan Tucker, pitched their idea of air-powered automobiles on Shark Tank.
They presented their idea before five shark investors, namely Mark Cuban, Kevin O’Leary, Robert Herjavec, Lori Greiner, and Daymond John.
The sharks were intrigued by the noiseless, pollution-less, and power-efficient air-based cars. However, the idea did not pan out as planned.
Zero Pollution Motors is a company with the goal of developing and manufacturing cars with zero pollution. These cars run on compressed air and are also known as AirPods.
Based on their explanation, the cost of producing one Air Car would range between $3700 and $5100. These Cars would cost $10,000 each.
What is Air Car (Zero Pollution Motors)? Who Founded Air Car (Zero Pollution Motors)?
Zero Pollution Motors (ZPM) has been granted the license to produce the Air Car, an alternative to the internal combustion engine that utilizes compression, by MDI, a Luxembourg-based company.
ZPM has also secured the rights to construct one of the first modular plants in the United States to manufacture these air-powered vehicles, which are marketed under the brand name “AIRPod.”
Pat Boone and Ethan Tucker established Zero Pollution Motors (Air Car) in 2000, and they possess two decades of industry experience. According to the company, they are the first in the United States to produce an air-compressed vehicle.
The AIRPods are designed as zero-emission city cars and are available in three different versions, each with varying seating and cargo storage capacities while retaining the same fundamental chassis. These prototypes have been tested by KLM/AirFrance for use as emission-free vehicles in airports.
Zero Pollution Motors planned to start production of the AIRPods in the middle of 2019.
Air Car/ Zero Pollution Motors Shark Tank Pitch
Zero Pollution Motors was featured on the US reality television show Shark Tank in May 2015, and Robert Herjavec agreed to invest $5 million for a 50% stake in the company.
However, the investment arrangement fell through because the company did not have the rights across North America.
According to the company’s website, they planned to begin manufacturing in Europe in the first quarter of 2018 and were accepting order reservations. They also aimed to produce the first compressed air-powered car for sale in the United States by mid-2019.
Unfortunately, it appears that Zero Pollution Motors has shut down operations as production did not start.
Air Car Shark Tank Updates
Zero Pollution Motors, the company that pitched the Air Car on Shark Tank, is no longer in business. The company had hoped to have their vehicles ready to be sold throughout the United States when they appeared on Shark Tank in 2015.
At the time, they were seeking $5 million in exchange for 50% of their company. They were able to strike a deal with Robert Herjavec for $5 million for 50% of Zero Pollution Motors, contingent on getting rights to all of the US.
Although the company’s website is still up, it has not been updated in some time, and the only option for getting an Air Car is to reserve. There was a cancellation of production, and the company is no longer operating. The company that pitched the Air Car on Shark Tank is no longer in business.
They were seeking $5 million in exchange for 50% of their company when they appeared on Shark Tank in 2015 and were able to strike a deal with Robert Herjavec. However, the company is no longer operating, and there was a cancellation of production.
Air Car Shark Tank Table Summary:
|Net Worth (2023)||Unknown|
|Founders||Pat Boone and Ethan Tucker|
|Sharks||Mark Cuban, Kevin O’Leary, Robert Herjavec, Lori Greiner, and Daymond John|
|Air Car/ Zero Pollution Motors||Utilizes compression as an alternative to internal combustion engine|
|Production||Planned to start mid-2019, but no production started|
|Shark Tank Updates||The company is no longer in business|
|Compressed Air Car||Fueled by pressure vessels filled with compressed air, non-polluting, and has a lower risk of explosion|
|AIRPod||An example of an AIR Car, a small, urban vehicle that is powered by compressed air and has zero emissions, with a range of around 100 miles per compressed air tank|
|Investment on Shark Tank||$5 million from Robert Herjavec for a 50% stake in the company, but the deal did not materialize.|
|Valuation on Shark Tank||$10 million|
|Current Status||The company is no longer operating, and there was a cancellation of production.|
|Cost of Producing||Between $3700 and $5100 per Air Car.|
|Characteristics||Noiseless, pollution-less, and power-efficient air-based cars|
|Advantages||Non-polluting, lower risk of explosion, and can be used in potentially explosive work atmospheres|
|Disadvantages||Lower energy density, shorter range, and require more frequent refueling.|
AIR Car FAQS
What Is The AIR Car?
The AIR Car is a type of compressed air car that is fueled by pressure vessels filled with compressed air. The compressed air is stored in a tank and released into a pipe when the accelerator is pressed, and then into the engine where the pressure of the air’s expansion is used to drive the pistons that power the engine.
The AIRPod vehicle, developed by MDI, is an example of an AIR Car. It is a small, urban vehicle that is powered by compressed air and has zero emissions. The AIRPod is able to achieve city speeds of about 20-30 mph with a range of around 100 miles per compressed air tank.
Compressed air cars have several advantages over traditional gasoline-powered cars. They are non-polluting, have a lower risk of explosion, and can be used in potentially explosive work atmospheres, brush-fire areas, the vicinity of strong magnetic electric fields, and radio quiet zones.
However, compressed air has a lower energy density than liquid nitrogen or hydrogen, which means that compressed air cars have a shorter range and require more frequent refueling.
Despite the advantages of compressed air cars, they have not yet become widely available. The MDI Air Car made its public debut in 2002 and was predicted to be in production “within six months” in January 2004, but as of 2022, it was not in production.
Zero Pollution Motors, LLC is launching the urban car of the future, now, as one of the US licensees for Luxembourg-based MDI, the developer of the Air Car as a compression-based alternative to the internal combustion engine.
However, there are only a handful of compressed air cars that might see the light of day.
Is AIR Car And Airpod The Same?
The AIRPod and AIR Car are two different compressed-air vehicles, although they share some similarities. The AIRPod is a zero-emission urban vehicle that was developed by Motor Development International (MDI). It comes in three different configurations and has been tested for use in airports by KLM/AirFrance.
However, no production car has been created yet as of October 2018. On the other hand, the AIR Car is a concept car developed by Tata Motors in collaboration with MDI.
It also runs on compressed air and has a 175-liter storage tank that can be refilled with an external pump or an electric motor. Although the AIR Car has not been produced yet, Tata Motors plans to launch its own compressed air vehicle.
AIRPod and AIR Car are both compressed-air vehicles developed by MDI, but they are different from each other.
What Happened To Air Car After Shark Tank?
Zero Pollution Motors, the company that developed the AIRPod, an environmentally friendly car powered by compressed air, was featured on Shark Tank in 2015. During the show, the company founders Ethan Tucker and Pat Boone asked for $5 million for 50% of the company.
Robert Herjavec expressed interest in the product and made a deal with the company, but the deal ultimately fell through.
Since appearing on Shark Tank, Zero Pollution Motors has faced financial difficulties and is now out of business. The company had hoped to have their vehicles available for sale throughout the United States by 2017 or 2018, but this did not happen.
The company’s website has not been updated recently, and its most recent Facebook post is from 2018. It seems that the business is no longer operational.
What Is The Current Status Of Zero Pollution Motors?
Zero Pollution Motors (ZPM) is a company that plans to sell the first compressed air-powered car in the US by mid-2024. The company is a US licensee for MDI, the developer of the Air Car, and has secured the rights to build a modular plant to produce the air-powered vehicles branded as AIRPod.
ZPM is currently seeking $5,000,000 in funding in exchange for a 25% equity stake to set up the first factory. However, ZPM has gone out of business previously.
In 2015, the company appeared on Shark Tank with the hope of selling its vehicles throughout the US around 2017 or 2018, but the deal with Robert Herjavec fell through, and ZPM did not have the rights to distribute its vehicles in North America.
In 2020, the creator of ZPM stated that the company is not yet fully funded and is waiting for a factory prototype from MDI by 2022. However, recent concerns about climate change could generate interest in the product.
Although ZPM’s website is still taking preorders as of 2022, it remains unclear if the company is still in operation or if it will be able to produce the AIRPod as planned.
What Was The Reaction Of The Sharks To The Air Car?
During their appearance on Shark Tank, Zero Pollution Motors was seeking $5 million for 50% of their company. The sharks expressed concerns about the company’s plans, suggesting that they should aim for a national deal instead of one limited to Hawaii.
Robert Herjavec offered $5 million, but only if the company made a deal for the entire US market. While the sharks initially chuckled at the unveiling of the Air Car, Mark Cuban was impressed and offered to invest in the business.
However, Zero Pollution Motors ultimately did not make a deal with Cuban or any of the other sharks. There is no further information available about the specific reactions of the sharks to the Air Car beyond their initial chuckles.
What Was The Deal Between Robert Herjavec And Zero Pollution Motors?
Zero Pollution Motors is a Vermont-based company that manufactures a car design fueled by compressed air, called the AIRPod, which is capable of traveling up to 50 mph with an 80-mile range and takes four minutes to fill up the air tank.
The company’s co-founder, Pat Boone, was also the pitchman for the company. When the company appeared on Shark Tank, Robert Herjavec offered to invest $5 million for a 50% stake in the company, but the deal fell through when he discovered that the company was only a distributor and did not control the rights to distribute its vehicles in North America.
Despite this setback, the company’s website is still active and taking preorders as of 2022. In 2020, the creator of Zero Pollution Motors, Ethan Tucker, mentioned in an interview that the company was not yet fully funded and was waiting for a production facility while looking at the financials.
The $5 million investment that the company had hoped to receive was intended to set up an assembly plant in Hawaii to produce the AIRPod.
Which Shark Invested In The Air Car?
Robert Herjavec invested $5 million to own 50% of Zero Pollution Motors, the company that created the Air Car, during their appearance on Shark Tank.
Ethan Tucker and Pat Boone pitched the company on the show, offering a 50% equity stake in exchange for $5 million. The Air Car is an environmentally friendly car that is powered by compressed air and has been in development since the year 2000.
What Were The Sharks’ Concerns About The Air Car?
In an episode of “Shark Tank” that aired on May 1, the sharks were interested in the AIRPod, an air-powered car, but worried that if the product became popular, it would only be available in certain states unless the company secured nationwide rights.
Robert Herjavec’s offer to invest in AIRPod was contingent on the company securing the entire U.S. market. Similarly, when Zero Pollution Motors pitched their air-powered car on “Shark Tank,” the sharks argued for a national deal instead of one limited to Hawaii.
Robert Herjavec’s offer to invest $5 million in the company was also contingent on securing the entire U.S. market. The sharks’ concerns were that the product would be limited to a specific region and that securing nationwide rights was crucial for the company’s success.
Who is Zero Pollution Motors?
Zero Pollution Motors is the US licensee to MDI, the Luxembourg-based company that developed the Air Car.
It is a company with a mission to help the environment by reducing pollution and greenhouse gas emissions.
They design, manufacture, and sell electric vehicles that are able to reduce our dependence on petroleum-based fuels.
Zero Pollution Motors was dedicated to making eco-friendly transportation available to everyone.
Their license designates them as an “air car dealer-manufacturer.”
They plan to create small, regional facilities around the United States to manufacture and sell air automobiles.
What is the AirPod?
AIRpod is a compressed-air vehicle in development by Motor Development International.
It was developed by MDI as the solution to urban pollution and urban mobility.
The AIRPod is planned to be produced in three different configurations that will vary the number of seats and amount of cargo storage while keeping the same basic chassis.
The standard, which was shown on Shark Tank, seats 2-4 passengers.
When was Zero Pollution Motors founded?
Zero Pollution Motors (Air Car) was started in 2000 by Pat Boone and Ethan Tucker.
What is Ethan’s background?
Pat Boone began his career as a musician, whereas Ethan Tucker worked as an actor, producer, and playwright.
What was Ethan’s first project?
While residing in Vermont, Ethan embarked on a project that required him to write a movie about one of the renowned innovators, Nikola Tesla.
What was Zero Pollution Motors’ deal with investors?
The investor and automobile enthusiast Robert Herjavec, investors agreed to contribute $5 million in exchange for a 50% stake in the business.
What happened to the Zero Pollution Motors deal?
After the show, the deal fell through because the deal depended on receiving a design license to sell AIRPod in the United States.
What was the biggest challenge?
Zero Pollution Motors didn’t own the rights across North America.
What are Zero Pollution Motors’ goals?
Zero Pollution Motors claims it is “poised to produce the first compressed air-powered car for sale in the United States by Q4 2017-Q1 2018.”
What is Zero Pollution Motors?
Zero Pollution Motors is among the US licensees for Luxembourg-based MDI and is the developer of air-powered vehicles, popularly known as AIRPod.
What was the motivation behind Ethan’s and Boone’s?
The drive behind Ethan’s and Boone’s ideas of producing eco-friendly cars was to create clean and no-pollution locomotives to save the environment in the crowded cities of the US.
They hoped to make a significant impact in the world by eventually cutting the fossil fuels needed for transportation and completely eliminating tailpipe pollution.
What was Ethan’s background?
While residing in Vermont, Ethan worked on a project involving writing a screenplay about Nikola Tesla, one of the proclaimed inventors.
What happened to Zero Pollution Motors?
Zero Pollution Motors is currently out of business.
The company has a website where people may sign up for updates and be added to the “Air Car” waiting list.
Which Shark Tank Episode did the Zero Pollution Motors pitch take place in?
Ethan Tucker pitches Zero Pollution Motors, the US licensee for Luxembourg-based MDI – developer of the Air Car, in Shark Tank episode 626.
How much does an Air Car cost to produce?
Each Air Car costs between $3700-$5100 to make and they sell for around $10,000.
What’s the deal with them?
DEAL with Robert for $5 million for 50% of Zero Pollution Motors contingent on getting rights to all of the US.
What’s the deal with Herjavec?
Legendary pop singer Pat Boone and entrepreneur Ethan Tucker were able to persuade investor Robert Herjavec to invest $5 million for a 50% ownership.
The deal with Robert never closed.
What makes zero-pollution motors different?
Things were looking good for startup automaker Zero Pollution Motors and its compressed-air powered car, AIRPod.
What is the production schedule?
Zero Pollution Motors (ZPM) was poised to produce the first compressed air-powered car for sale in the United States by mid-2019.
ZPM has attained the right to build one of the first of several modular plants in the United States to produce the air-powered vehicles branded ‘AIRPod’.
What were the company’s plans to open plants in Europe?
The company’s website promised that manufacturing in Europe will begin in the first quarter of 2018 and that order reservations would be accepted.
What was the cost of AirPod cars?
In September 2013, it was announced that the vehicle will be on sale in the summer of 2014, with a base model with a 100-kilometer range starting at 7000 Euros and a variant with a better engine that utilizes petrol in addition to compressed air, offering a 250-kilometer range for 8000 Euros.
What are the current construction plans for MDI’s new plant?
In March 2016, they posted images showing the construction of the forthcoming factory in Sardinia as “underway”.
Is Air Car (Zero Pollution Motors) Still in Business?
Zero Pollution Motors is no longer in operation. The firm is most known for its AIRPod, dubbed the “Air Car” since it is an environmentally friendly vehicle propelled by compressed air.
Originally, Air Car’s goal was to produce eco-friendly vehicles to compete with traditional gas-powered vehicles, but after some production delays and a change in plans they was not fully operational.
Currently, Air Car seems to have shut down operations as productions did not start.
What is the pre-order policy?
As of September 2021, the website is still taking pre-orders.
What are the company’s plans for the future?
The company has a website where people may sign up for updates and be added to the “Air Car” waiting list.