Aira is a wireless surface product powered by “FreePower” technology. This technology uses a multi-coil array that supplies power across the entire surface.
As a result, when a wireless charging phone is placed anywhere on the surface, it is easily detected and charged. Multiple devices can be charged simultaneously with this next-generation product.
FreePower is designed to be compatible with a wide range of devices while meeting strict regulatory standards. With this wireless charging surface, 15W of fast charging is divided among the devices based on their needs.
| Company Name | Aira (FreePower) |
| Founder | Eric Goodchild and Jake Slatnick |
| Founded | Nov 2017 |
| Product | Wireless Charging Surface |
| Asked For | $500K for 7% equity |
| Final Deal | $500K for 15% equity |
| Shark | Robert Herjavec, Kevin O’Leary and Lori Greiner |
| Episode (Shark Tank USA) | S11 E3 |
| Air Date | Oct 13, 2019 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Phoenix, Arizona, United States |
| Lifetime Worth (Sales) | $4 Million+ |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
How Was The Shark Tank Pitch Of Aira?
Eric Goodchild and Jake Slatnick entered Shark Tank asking for $500k for 7% equity. Eric introduced the sharks to his bipolar Tesla coil. The co-founders emphasized that they viewed the project as a licensing business.
Their wireless charging product can be made in any shape, and they had already secured a licensing deal with a large company, which placed an order for 33,000 units. They also received a prepaid royalty for these 33k units.
Currently, the company’s monthly burn rate is $30,000, which increased to $50,000 after hiring an engineering team.
Daymond John stated that he didn’t see the long-term potential in the business, so he dropped out. Robert Herjavec made an initial offer of $500k for 10% equity. Kevin O’Leary and Lori Greiner offered a loan of $500k at 9% interest for 15% equity.
Kevin and Lori later revised their offer to $500k for 15% equity. Eric and Jake countered by asking Robert, Lori, and Kevin to team up and make a joint offer of $500k for 15% equity.
Finalized: Kevin, Lori, and Robert invest $500k in exchange for 15% equity in Aira.
Aira Shark Tank Update
The company successfully secured funding from Shark Tank, with Kevin O’Leary, Lori Greiner, and Robert Herjavec investing together. The company has a clear vision to expand into both the automotive and consumer product industries.
FreePower’s first wireless charger was the Nomad Base Station Pro, which gained recognition and won CES Innovation Awards in both 2021 and 2022. Co-founder Jake was named to Forbes’s “The Next 1000” and “30 Under 30 North America” in 2023.
In August 2020, FreePower released the new Nomad Base Station Pro Wireless Charger priced at $229. The company also rebranded the names Aira and Airpower.com to FreePower after their Shark Tank appearance.
In September 2022, FreePower announced the addition of Steve Pazol as a Strategic Advisor for wireless charging technology.
On September 28, 2020, FreePower acquired the patent assets of the wireless charging firm Spansive. In December 2020, Motherson Innovations Company Limited made a strategic investment in FreePower.
In August 2021, the company raised $12 million in a Series Seed funding round to expand into the automotive, enterprise, and hospitality sectors. By March 2022, FreePower had raised an additional $12 million in venture funding.
As of December 2022, the company’s estimated annual revenue stood at $4 million. By February 2023, FreePower had raised a total of $24 million in funding.
Following their Shark Tank success, FreePower’s brand name changed from AiraPower to FreePower. We will continue to follow Eric Goodchild, Jake Slatnick, and their company’s progress for further updates.
What Is The Net Worth of Aira?
The company was valued at $8.3 million during its Shark Tank appearance but ultimately received investment at a lower valuation of $3.3 million. As of February 2023, FreePower has raised a total of $24 million in funding.
Yes, Aira (Free Power) is still in business as of April 2024.
