Aira is a revolutionary wireless charging product, which can also be called a wireless charging surface. Through this wireless charging product, wireless devices like phones, airpods, laptops, tablets etc. can be charged simultaneously.
This product is a next-generation charging technology. The company making this wireless wireless charging product was started in November 2017 by Eric Goodchild and Jake Slatnick.
They developed this flagship wireless charging platform to provide people with a single wireless charging solution. Hardware, software, and magnetics experts of this company have contributed to make this product.
Eric is a tech person and had created a world record by making a bipolar Tesla coil. The two business partners earlier started Nomad, a lifestyle brand of smartphone accessories and wireless charging devices.
Eric and Jake both appeared on Shark Tank Season 11 Episode 3 to raise funding for the company, asking the sharks for $500,000 for 7% equity at $8.3 Million Valuation. This company is working on making next generation wireless charging device.
What Is Aira (Wireless)?
Aira is a wireless surface product and “FreePower” technology has been used behind this product. The special thing about this technology is that multi-coil array has been used in it, which supplies power to the entire surfacecase.
Due to this, keeping the wireless charging phone on any part of the surface, it gets easily detected and charged. Multiple devices can be charged through this next-generation charging product.
This FreePower is designed to be -compatible as well as meet the strictest regulatory standards. By charging multiple devices through this wireless charging device, 15W fast charging is divided according to each device.
|Company Name||Aira (FreePower)|
|Founder||Eric Goodchild and Jake Slatnick|
|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|
|Headquarters||Phoenix, Arizona, United States|
|Lifetime Worth (Sales)||$4 Million+|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Aira?
Eric Goodchild and Jake Slatnick are both co-founders of the Aira (FreePower) company. Both of them together started this company in November 2017. Both these partners come from different study backgrounds.
Eric is an electrical engineer and completed college from Arizona State University Polytechnic. After college, he worked in several companies, including Orbital, Axon and More.
Eric, along with his friend Jake, started this company in November 2017 in the Phoenix, Arizona area. He left this company on March 2022, although in 2009 he started a company named Goodchild Engineering LLC. Since October 2022 Eric is the cofounder and CTO of Graff Golf.
Jake chose to become a businessman after completing his studies in Technology Entrepreneurship from Arizona State University. He started two businesses during college, Tap Contact Exchange and Hammak Apparel. Jake is the cofounder and CEO of the Freepower company.
How Was The Shark Tank Pitch Of Aira?
Eric Goodchild and Jake Slatnick both entered Shark Tank and asked the sharks for $500k for 7% equity. Eric introduced Shark about his bipolar Tesla coil.
The co-founder said that they see this project as a licensing business. This wireless charging product can be made into any shape. They have done their first licensing deal with a big company and have got an order for 33,000 units of the product from them.
They had received prepaid royalty of 33k units from the company. Currently the monthly money Burn Rate of this company is $30,000 and has increased to $50,000 after hiring an engineering team.
Daymond John said that he does not see the long term vision in this, so he is out. Robert Herjavec made the first offer of $500k for 10% equity. Kevin O’Leary and Lori Greiner also offered a loan of $500 at 9% interest for a 15% equity.
Kevin and Lori changed the offer to $500k for 15% equity. Eric & Jake ask Robert, Lori, and Kevin to team up and make a counter offer of $500k for 15% equity.
Finalized: Kevin, Lori and Robert invest $500k in exchange for 15% equity in Aira.
What Happened To Aira After Shark Tank?
The company got funding in Shark Tank and Kevin, Lori and Robert together invested in it. The company has a vision that it wants to enter both the automotive and consumer product industries.
Freepower’s first wireless charger was the Nomad Base Station Pro. This company has also received the CES Innovation Awards for 2021 and 2022. Co founder Jake has been included in Forbes “The Next 1000” and “30 under 30 North America 2023”.
Freepower released Nomad’s new Base Station Pro Wireless Charger on Aug 2020 in the $229 price range. The Aira and Airpower.com names were branded into Freepower after Shark Tank.
In September 2022, FreePower did a press release and said that Steve Pazol joined the company as a Strategic Advisor for the feature of wireless charging.
On September 28, 2020, the company had acquired the patent assets of wireless charging firm Spansive. In December 2020, a strategic investment was made in this company by Motherson Innovations Company Limited.
On August 2021, the company raised a $12 million series seed funding round to expand business in the automotive, enterprise, and hospitality sectors.
According to CrunchBase, in March 2022, this company had raised another $12 million funding in the venture round. As of December 2022, the estimated annual revenue of this company is $4 million. As of February 2023, the company has raised a total of $24 million in funding.
Aira Shark Tank Update
This company was successful in getting funding on Shark Tank. Kevin, Lori and Robert showed interest in investing in this business. The name of this brand has changed from AiraPower to FreePower.
We’re following Eric Goodchild and Jake Slatnick along with their company for further updates.
What Is The Net Worth of Aira?
The company was valued at $8.3 million on Shark Tank but got investment at $3.3 million valuation. This company has raised total $24 million funding till February 2023. In the coming time, this company will need more investment to make wireless charging.
Tesla has launched a wireless charging product on December 2022 and its price is $300. This wireless charging device from Tesla is similar to Freepower.
Is Aira Still In Business?
The maker of next generation wireless surfaces is raising funding to grow this company. On 2021, this company raised $12 million investment to expand the business in automotive, enterprise, and hospitality sectors.
Eric, another partner of this business, left the company in March 2022. Jawad Ahsan became a board member in Freepower by investing a lot of money in this company and was elected as the President on May 2022.
The brand has been featured in several media publications including Forbes, FastCompany, TechCrunch and many more.
Yes, Aira (Free Power) is still in business as of February 2023.
frequently asked questions
How did Aira do after Shark Tank?
After Shark Tank, Aira is growing very well and this brand has raised a total of $12 million funding.
When was Aira on Shark Tank?
Shark Tank Season 11 Episode 3 aired on Oct 13, 2019.