Aira FreePower Shark Tank Update | Aira FreePower after the Shark Tank Pitch?
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.
The start-up entered the market fairly early, at a period when major companies had yet to create an approved gadget for charging numerous products simultaneously.
It is compliant with the widely used wireless charging protocol known as the Qi standard, which means it will work with smartphones from major manufacturers including Apple, Google, Samsung, and Huawei.
Additionally, it can charge a range of additional gadgets such as air pods, remote controllers, and watches.
Who is the Founder of Aira?
Eric Goodchild and Jake Slatnik launched the firm in 2017. 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.
In 2017, he teamed up with Goodchild to establish Juic, which they eventually renamed as Aira.
At Aira, Goodchild and Slatnick set out to improve upon the currently existing wireless charging technology.
Their Aira’s FreePower technology enables simultaneous charging of many devices on the charging surface without requiring a “sweet spot” setting.
Rather than developing their own wireless charger, the technology business chose to license the technology and collaborated first with lifestyle brand Nomad on the latter’s wireless charging gadget.
The Aira founders recognized that licensing the technology and private labelling the goods would benefit their firm more.
Manufacturers of wireless chargers, such as Nomad, can then use the patented technology to create wireless charging goods for retail consumers.
Additionally, the creators stated that they envision their technology being used in automobiles, coffee shops, and other commercial facilities.
What happen to Aira at the Shark Tank Pitch?
Eric and Jake appear on Shark Tank season 11 episode 3 in search of $500,000 in exchange for a 7% stake in their firm. This shows a $7.1 million valuation.
The Sharks are taken aback by the enormous Tesla coil brought to the Tank by the lads.
They are likewise impressed by the technology. The Sharks are concerned about the $30,000 per month burn rate.
They said that their partner Nomad has placed a pre-order for 33,000 units. The Sharks were undoubtedly pleased by this pre-order number, as well as the Tesla coil they brought on stage.
Robert Herjavec was the first Shark to provide $500,000 in cash in exchange for 10% stock.
Lori Greiner did not lose a beat in announcing her offer to Shark Kevin O’Leary for a $500,000 loan at 9% interest in exchange for a 15% stock split.
O’Leary stated that they can assist entrepreneurs with licensing because they have done it previously.
Herjavec felt the Aira founders’ reluctance and attempted to convince them to accept his offer. “You do not require a line of credit,” Herjavec informs the entrepreneurs. “You’re establishing a company. We’re going to construct this thing together.”
Aira’s founders concur, stating, “We are seeking strategic partners.”
Greiner and O’Leary swiftly modified their offer to include cash rather than merely a line of credit, as well as the experience of two Sharks, but at a 15% equity stake.
Yes, Aira landed a contract after surprising the Sharks with a counter offer.
With three Sharks fighting for a contract, Aira founders Goodchild and Slatnick offered that the three Sharks pool their resources and spend $500,000 in exchange for a 15 percent equity stake.
Herjavec was astonished at first and studied the situation while Greiner and O’Leary waited. Herjavec said “Done!” when he was finally pleased.
Greiner and O’Leary also accepted Aira’s counter offer, and the three Sharks stood to shake hands on the agreement.
Aira after the Shark Tank Pitch?
The transaction was completed, they showed at CES in January 2020 and were favourably appreciated.
They debuted FreePower at the conference, a solution that can charge numerous devices placed wherever on the pad’s surface.
The business is considering using this new technology into automobiles, furniture, and consumer electronics. The company’s yearly revenue is $4 million as of June 2021.
Aira announced a $12 million funding round led by private investors on August 3, 2021.
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 valuation to be $3.3 million.
Aira Competitor
Powermat, Ossia, and WiTricity are among Aira’s main rivals.
Aira FAQS
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.
