Aira FreePower Shark Tank Net Worth 2023 | Aira FreePower Shark Tank Updates

Aira FreePower Shark Tank Net Worth

Aira FreePower is a wireless charging company that appeared on Shark Tank and received a $500,000 investment from Lori Greiner, Kevin O’Leary, and Robert Herjavec in exchange for 15% equity.

The company’s net worth has varied over time, with estimates ranging from $4 million to $50 million.

According to one source, the company was valued at $8.3 million on Shark Tank but received investment at a $3.3 million valuation.

What is Aira and Who is the Founder of Aira?

Aira is a company that creates wireless charging platforms for multiple devices. Their charging technique, called “FreePower,” allows users to charge their devices by simply placing them on the charging surface without needing to locate a specific spot.

The company is compliant with the Qi standard, which means it is compatible with smartphones from major manufacturers, such as Apple, Google, Samsung, and Huawei. In addition, Aira can charge other devices like air pods, remote controllers, and watches.

Eric Goodchild and Jake Slatnik, who both attended Arizona State University, founded the company in 2017. Goodchild has a bachelor’s degree in electrical engineering and a master’s degree in embedded systems.

He founded Goodchild Engineering, a design and engineering firm that focuses on special effects for stages and theatres. Meanwhile, Slatnick has a degree in Entrepreneurship Technology, and he co-founded many start-ups, including Tap Contact Exchange and Hammack Apparel Inc.

At Aira, Goodchild and Slatnick wanted to improve upon existing wireless charging technology. Instead of creating its own wireless charger, the company chose to license its technology to other manufacturers. The first collaboration was with Nomad, a lifestyle brand that developed a wireless charging gadget.

Aira’s FreePower technology allows Nomad to create wireless charging products that do not require a specific sweet spot for charging. The company believes its technology can be used in cars, coffee shops, and other commercial facilities.

Aira Shark Tank Pitch

Eric Goodchild and Jake Slatnik presented their firm, Aira, on season 11 episode 3 of Shark Tank, seeking $500,000 for a 7% stake in their company, valued at $7.1 million.

They impressed the Sharks with their technology and a Tesla coil but were questioned about their $30,000 monthly burn rate. However, their partner, Nomad, had pre-ordered 33,000 units, which impressed the Sharks.

Robert Herjavec made the first offer of $500,000 for a 10% stake in the company. Lori Greiner quickly followed with an offer of a $500,000 loan at 9% interest for a 15% equity stake to Shark Kevin O’Leary.

O’Leary emphasized that he could help with licensing because of his experience, but Herjavec tried to convince the founders to accept his offer, stating that they did not require a line of credit and that they would build the company together.

Eventually, Aira’s founders agreed that they were looking for strategic partners and not just a line of credit. Greiner and O’Leary adjusted their offer to include cash and the expertise of two Sharks for a 15% equity stake.

However, Aira’s founders surprised the Sharks by proposing that all three pool their resources and invest $500,000 for a 15% equity stake, which the Sharks accepted.

After the show, Aira made a contract and debuted their FreePower technology at CES in January 2020, which allows simultaneous charging of multiple devices on the pad’s surface. They plan to use this technology in automobiles, furniture, and consumer electronics.

As of June 2021, Aira’s annual revenue is $4 million, and on August 3, 2021, they announced a $12 million funding round led by private investors.

Summary Table: Aira Freepower Shark Tank

CATEGORY	INFORMATION
Company Name	Aira FreePower
Founder(s)	Eric Goodchild and Jake Slatnik
Year Founded	2017
Industry	Wireless Charging
Shark Tank	Season 11 Episode 3
Valuation on Shark Tank	$7.1 million
Investment from Sharks	$500,000 for 15% equity
Competitors	Powermat, Ossia, WiTricity
Revenue (June 2021)	$4 million
Latest Funding (August 2021)	$12 million
Latest President	Jawad Ahsan
Strategic Advisor for Wireless Charging	Steve Pazol
Notable Product	FreePower technology and Nomad Base Station Pro Wireless Charger
Latest Updates	Always releasing firmware updates to improve products
Featured In	Forbes, FastCompany, TechCrunch

Aira Net Worth

Eric and Jake appear on Shark Tank in search of $500,000 in exchange for a 7% stake in their firm. This shows a $7.1 million valuation.

They accepted an offer from Robert, Lori, and Kevin of $500,000 for 15% stake in the business thus bringing the valuation to $3.3 million.

Aira Competitor

Powermat, Ossia, and WiTricity are among Aira’s main rivals.

Aira Freepower Shark Tank Updates

Aira is a wireless charging technology company that used to go by the name AiraPower. In 2020, the company released a wireless charging system that was compared to Apple’s AirPower. The system was called “the closest thing to AirPower” that could be found at the time.

The company has since changed its name to FreePower. In May 2022, Jawad Ahsan became the President of FreePower after investing a lot of money in the company. Steve Pazol joined the company as a Strategic Advisor for the feature of wireless charging in September 2022.

FreePower’s technology uses multi-coil arrays to supply power to the entire surface of a wireless charging pad. The company released Nomad’s new Base Station Pro Wireless Charger in August 2020.

The Base Station Pro Wireless Charger uses FreePower technology and was priced at $229. FreePower has partnered with Nomad to put its technology into the Nomad Base Station.

FreePower’s technology is always becoming more advanced, and the company releases firmware updates to improve its products.

The Freepower updater automatically retrieves the latest firmware version from Aira’s servers, and users do not need to redownload the updater for each firmware release.

The company has been featured in several media publications, including Forbes, FastCompany, and TechCrunch. As of February 2023, FreePower is still in business.

Aira FAQS

What Is Aira Freepower?

Aira is a wireless charging technology company that used to go by the name AiraPower. In 2020, the company released a wireless charging system that was compared to Apple’s AirPower. The system was called “the closest thing to AirPower” that could be found at the time.

The company has since changed its name to FreePower. In May 2022, Jawad Ahsan became the President of FreePower after investing a lot of money in the company. Steve Pazol joined the company as a Strategic Advisor for the feature of wireless charging in September 2022.

FreePower’s technology uses multi-coil arrays to supply power to the entire surface of a wireless charging pad. The company released Nomad’s new Base Station Pro Wireless Charger in August 2020. The Base Station Pro Wireless Charger uses FreePower technology and was priced at $229.

FreePower has partnered with Nomad to put its technology into the Nomad Base Station.

FreePower’s technology is always becoming more advanced, and the company releases firmware updates to improve its products.

The Freepower updater automatically retrieves the latest firmware version from Aira’s servers, and users do not need to redownload the updater for each firmware release.

The company has been featured in several media publications, including Forbes, FastCompany, and TechCrunch. As of February 2023, FreePower is still in business.

How Does Aira Freepower Works?

Aira FreePower is a wireless charging technology that uses magnetic induction to charge devices. When a wire-wound coil is energized, it forms a magnetic field. When a receiving coil is placed over this field, it couples with the transmitter and power flows from coil to coil.

FreePower dynamically positions its magnetic fields, also known as “flux,” to activate combinations of one, two, or three coils based on the location of a device’s receiver, delivering high-efficiency, high-quality charging experiences.

Nomad’s Base Station Pro is a wireless charging pad that uses Aira FreePower technology to charge up to three devices simultaneously. The charger contains 18 overlapping coils and a layer of controllers on a circuit board that provide the smarts that make its position-free placement charging possible.

Aira’s technology is the beating heart of the Nomad Base Station Pro, making it a unique wireless charger that’s hard to beat.

Aira’s FreePower technology allows users to drop any Qi phone or wireless charging earbud case anywhere on the charging pad’s surface, and they will charge. FreePower wirelessly charges multiple devices that are placed anywhere on the charging pad’s surface.

Most standard wireless chargers have a small, centered target where devices have to be aligned perfectly to charge, but Aira and FreePower solve this fundamental flaw with wireless charging.

Tesla’s $300 wireless charger uses Aira FreePower wireless charging technology. The charger has 30 Qi charging coils that will charge a device no matter what orientation it’s in or where it’s placed on the platform.

What Happened To Aira Freepower After Shark Tank?

Aira is a wireless phone charging pad that uses “FreePower” technology to charge devices without cables. The founders of Aira, Eric Goodchild and Jake Slatnick, appeared on Shark Tank in Season 11 Episode 3, seeking an investment of $500,000 in exchange for 7% equity.

They received offers from all five Sharks and ultimately made a deal with Kevin O’Leary, Robert Herjavec, and Lori Greiner for $500,000 in exchange for 15% equity.

After the Shark Tank episode aired, Aira changed its name to FreePower. The company rolled out a charging pad that can charge multiple devices at once and continues to raise money.

In August 2021, Aira announced that it had raised $12 million led by private investors, including Lori Greiner and Robert Herjavec.

It seems that Robert Herjavec is the only Shark still involved with the company. Aira/FreePower has a vision to enter both the automotive and consumer product industries. NOMAD is currently selling a Base Station Pro with Aira’s FreePower technology for $199.95.

What Is The Current Valuation Of Aira Freepower?

Aira was valued at $8.3 million on Shark Tank but received investment at a $3.3 million valuation. As of February 2023, the company has raised a total of $24 million in funding. However, there is no information on the current valuation of Aira FreePower beyond this.

Is Aira Freepower Still In Business?

Yes, Aira FreePower is still in business as of April 2023. Aira FreePower is a wireless charging company that appeared on Shark Tank and received a $500,000 investment from Lori Greiner, Kevin O’Leary, and Robert Herjavec in exchange for 15% equity.

After the show, Aira made a contract and debuted their FreePower technology at CES in January 2020, which allows simultaneous charging of multiple devices on the pad’s surface.

Aira FreePower is setting a new standard for wireless charging with FreePower, an elegant hardware and software solution that offers complete freedom of placement across surfaces.

Aira FreePower has raised a total of $12 million in funding. The company is expanding into the automotive, enterprise, and hospitality sectors.

Aira FreePower is partnering with world-class brands across a diverse range of industries to enhance their products with next-generation charging technology. The company is also working on FreePower 2.0, which is expected to launch by the end of 2023.

In 2022, Steve Pazol joined Aira FreePower as a Strategic Advisor for the feature of wireless charging. Aira FreePower has been successful in getting funding on Shark Tank, and the company is growing very well.

Aira FreePower has won numerous prestigious awards and successfully launched multiple consumer products with Nomad and others.

What is Aira?

Aira is a wireless charging platform firm that creates chargers that are designed to fit effortlessly into an attractive surroundings while simultaneously charging several devices.

Their technique is dubbed “FreePower,” and it enables users to set their smartphone imprecisely while still receiving a full charge.

Who are the founder of Aira?

Both founders of Aira, Eric Goodchild and Jake Slatnick, attended Arizona State University prior to founding the company.

Goodchild obtained a bachelor’s degree in electrical engineering and a master’s degree in embedded systems.

He later founded Goodchild Engineering, a high-tech design and engineering firm specializing in stage and theatrical special effects.

Meanwhile, Slatnick got a degree in Entrepreneurship Technology. He co-founded many start-ups, including Tap Contact Exchange and Hammack Apparel Inc.

How much was they seeking in the Shark Tank?

In the Shark Tank, they are seeking $500,000 in exchange for a 7% stake in their firm. This shows a $7.1 million valuation.

Did they get the deal from the Sharks?

Yes! In the end, Aira landed a deal with Robert, Lori and Kevin.

How much was the deal?

Aira was given a $500,000 investment in exchange of 15% stake in the company.

Is Aira still in business?

Yes, Aira is still in business and they are planning to release a new product line in the summer of 2021.

Where is Aira located?

Aira is located in Chandler, Arizona.

Where can they learn more about Aira?

They can learn more about Aira by visiting their website at www.airapower.com. They can also connect with them on the following social media platforms: Twitter, Facebook and Instagram.

What episode of Shark Tank featured Aira?

Aira appeared on the Season 11 Episode 3 of Shark Tank.

What type of products does Aira make?

Aira makes wireless charging station for mobile phones, tablets, air pods, remote controllers, and watches.

When was Aira featured on Shark Tank?

Aira was featured on October, 13th 2019.

What happened to Aira on Shark Tank?

After the Aira Shark Tank episode aired, the charging tech business released FreePower, a pad that can charge many devices at once, and it is still raising funds.

For $199.95, NOMAD is presently selling a Base Station Pro with Aira’s FreePower technology.

What exactly is FreePower?

Aira’s FreePower is a free-position wireless charging platform. FreePower is a proprietary hardware and software combination that is covered by 30 patent assets.

They create, engineer, and distribute FreePower modules to their partners for integration into their product lines.

Where can they buy an Aira wireless charger?

Aira is not a consumer brand, hence they do not directly sell wireless chargers. They are a technology provider that develops FreePower technology, a patented free-position wireless charging platform.

They collaborate with OEMs and brands to integrate their technology into their products and bring it to market.

So, even though they don’t sell Aira-branded chargers, they may still buy Aira items via their partners. Their first partner, Nomad, is now shipping FreePower-enabled Base Station Pro.

What devices can charge with FreePower?

It presently works well with Apple, Samsung, and Google wireless charging devices, as well as a range of other Qi-enabled gadgets.

Who currently sells FreePower products?

Although they have multiple unannounced and in-the-works agreements, the only firm releasing a FreePower product currently is Nomad with their Base Station Pro.

How many devices can FreePower charge simultaneously?

FreePower is a technological platform that is not bound by product standards. They can create it in any size to charge any number of devices since they develop the technology and software that allow FreePower.

So, although present FreePower products (such as Nomad’s Base Station Pro) can charge up to three devices at the same time, future FreePower products may be able to charge many more.

Is FreePower dangerous because the surface is so large?

The FreePower surface is completely secure! When not in use, it consumes substantially less power than a normal single coil charger.

It quickly locates charged gadgets by utilizing unique circuitry and proprietary algorithms.

What is the net worth of Eric Goodchild?

Eric Goodchild’s net worth is unavailable

What is the net worth of Jake Slatnick?

Jake Slatnick’s net worth is unavailable.