AIRA Shark Tank Recap – Episode, Deals, and Reviews

On Season 11 of Shark Tank, Jake Slatnick and Eric Goodchild presented their wireless charger company, AIRA, to the panel of investors. They successfully secured a deal with Kevin O’Leary, Lori Greiner, and Robert Herjavec, receiving $500,000 in exchange for 15% equity in their business. Since their appearance on the show, AIRA has rebranded to FreePower and has formed partnerships with renowned companies such as Tesla and Motherson. With an estimated annual revenue of $8 million, FreePower’s success story is one worth exploring.

  • AIRA appeared on Season 11 of Shark Tank and secured a deal with Kevin O’Leary, Lori Greiner, and Robert Herjavec.
  • The company has rebranded to FreePower and has partnered with notable brands like Tesla and Motherson.
  • FreePower has an estimated annual revenue of $8 million.
  • The company’s success has led to expansion into the automotive and hospitality markets.
  • FreePower’s innovative wireless charging technology has been recognized by top publications and industry leaders.

The Pitch and the Sharks

Jake Slatnick and Eric Goodchild took the stage in Shark Tank Season 11 Episode 3 to present their revolutionary wireless charging device. Their pitch showcased the ability to charge three phones simultaneously, impressing the panel of esteemed investors, including Kevin O’Leary, Lori Greiner, Robert Herjavec, Mark Cuban, and Daymond John.

During the pitch, Kevin, Lori, and Robert were captivated by AIRA’s innovative technology and saw its potential for success in the market. Recognizing a lucrative opportunity, they made an enticing offer of $500,000 for 15% equity in the company.

“We are impressed by your demonstration and believe in the potential of your wireless charger. We would like to invest $500,000 for 15% equity in your company,” remarked Kevin O’Leary.

While Kevin, Lori, and Robert saw immense potential in AIRA’s wireless charger, Mark Cuban and Daymond John opted not to make offers due to their concerns about the fast-paced nature of the tech industry.

The pitch sparked a fierce negotiation, highlighting the entrepreneurs’ determination and the sharks’ business acumen. Jake and Eric skillfully countered with a proposal of $500,000 for the same 15% equity, leading to a unanimous acceptance from the sharks.

AIRA Shark Tank
Investor Offer
Kevin O’Leary $500,000 for 15% equity
Lori Greiner $500,000 for 15% equity
Robert Herjavec $500,000 for 15% equity
Mark Cuban No offer
Daymond John No offer

The Sharks’ Reactions

During the AIRA Shark Tank pitch, the entrepreneurs received offers and engaged in negotiations with the sharks. Robert Herjavec made an initial offer of $500,000 for 10% equity in the company. Meanwhile, Kevin O’Leary and Lori Greiner offered a loan of $500,000 at 9% interest in exchange for 15% equity. However, they later revised their offer, removing the loan aspect.

Not backing down, Jake Slatnick and Eric Goodchild counteroffered with $500,000 for 15% equity. The sharks were impressed by the entrepreneurs’ negotiation skills and accepted this offer.

“We believe in your product and in your ability to take AIRA to new heights. We’re excited to be a part of this journey with you,” said Kevin O’Leary during the negotiations.

Shark Initial Offer Final Offer
Robert Herjavec $500,000 for 10% equity $500,000 for 10% equity
Kevin O’Leary $500,000 loan at 9% interest for 15% equity $500,000 for 15% equity
Lori Greiner $500,000 loan at 9% interest for 15% equity $500,000 for 15% equity

Post-Shark Tank Success

After their successful appearance on Shark Tank, AIRA underwent a rebranding and emerged as FreePower, solidifying their position in the wireless charging industry. The rebranding allowed them to showcase their continued growth and expand their product offerings. The company’s partnership with Nomad, a renowned technology accessories brand, further catapulted FreePower’s success.

One of the key milestones achieved by FreePower was the licensing of their innovative wireless charging technology to industry giants such as Tesla and Motherson. This strategic move not only validated the quality and reliability of their product but also paved the way for wider adoption within the automotive sector.

FreePower’s dedication to innovation and commitment to excellence were recognized by FastCompany, as the company secured a well-deserved spot on the list of 2021’s most innovative companies. This accolade serves as a testament to their remarkable achievements and showcases their influential role in driving technological advancements.

The Power of Partnerships

By fostering partnerships with renowned brands like Tesla and Motherson, FreePower has solidified its position as an industry leader in wireless charging technology. Leveraging these partnerships, FreePower has been able to expand its reach, tap into new markets, and drive continual growth.

“Our collaboration with Tesla and Motherson has been instrumental in fueling our success. These partnerships have not only opened doors for us within the automotive industry but also allowed us to showcase the capabilities and versatility of our wireless charging technology on a global scale.” – Jake Slatnick, Co-founder of FreePower

Furthermore, FreePower’s dedication to forging new partnerships goes beyond the automotive sector. The company has been actively exploring collaborations within the hospitality industry, aiming to revolutionize guest experiences by integrating wireless charging technology into furniture and consumer electronic accessories.

With its successful rebranding, strategic partnerships, and continuous focus on innovation, FreePower has positioned itself as a market leader in wireless charging technology. Through its commitment to delivering exceptional products and experiences, FreePower is driving the industry forward and shaping the future of wireless charging.

AIRA Shark Tank success

Revenue and Growth

Since its appearance on Shark Tank, FreePower (formerly known as AIRA) has seen remarkable growth and impressive revenue figures. The company has established a strong presence in the wireless charging market and continues to thrive.

FreePower, with an estimated annual revenue of $8 million, has demonstrated its ability to generate substantial earnings. This achievement speaks volumes about the market demand and consumer trust in their innovative wireless charging technology.

Furthermore, FreePower recently received a significant bulk licensing order for 33,000 units, a clear indication of the high demand for their product. This order underscores the growing market acceptance and the continued interest from consumers and businesses alike.

With a strong start from their Shark Tank appearance, FreePower has capitalized on their exposure to create a solid foundation for sustained growth. The company’s commitment to excellence and innovation has propelled them forward, positioning them as a key player in the wireless charging industry.

Key Points Details
Annual Revenue $8 million
Bulk Licensing Order 33,000 units
Market Growth Significant growth since Shark Tank appearance

With an impressive revenue stream and a strong demand for their products, FreePower is primed to continue its upward trajectory in the wireless charging market. The company’s commitment to innovation and customer satisfaction sets them apart from competitors, solidifying their position as a leader in the industry.

AIRA Shark Tank revenue

Recognition and Awards

Jake, one of the co-founders of AIRA, has been recognized for his outstanding achievements in the tech industry. He was honored as a Forbes 30 Under 30 recipient, showcasing the tremendous success and impact of the company. This prestigious recognition further solidifies AIRA’s position as an industry leader.

In addition, AIRA has received notable recognition in the business community. The company has been featured alongside renowned brands such as AMD, Samsung, and Apple on FastCompany’s list of innovative companies. This recognition highlights the groundbreaking nature of AIRA’s wireless charging technology and its significant contribution to advancements in the industry.

AIRA Shark Tank awards

AIRA Shark Tank Awards and Recognitions Year
Forbes 30 Under 30 2021
Featured on FastCompany’s list of innovative companies 2021

Expansion Plans

FreePower, formerly known as AIRA, is focused on expanding its wireless charging technology into various industries. The company has already established key partnerships to integrate their innovative FreePower technology into new cars produced by Motherson, a leading auto parts supplier. This collaboration will enable drivers to experience the convenience and efficiency of wireless charging seamlessly integrated into their vehicles.

In addition to the automotive industry, FreePower is actively exploring partnerships in the hospitality sector. Their goal is to incorporate their wireless charging technology into furniture and consumer electronic accessories found in hotels, restaurants, and other hospitality establishments. By providing guests with the convenience of wireless charging, FreePower aims to enhance the overall customer experience and stay at the forefront of technological advancements in the industry.

With a clear vision for expansion, FreePower is committed to broadening the reach of their wireless charging technology and establishing strategic partnerships that align with their growth objectives. By targeting key industries and exploring new avenues for integration, the company aims to solidify its position as a leader in the wireless charging market.

FreePower Expansion Plans

Industries Partnerships
Automotive Motherson
Hospitality Exploring partnerships

Through these strategic partnerships and expansion plans, FreePower anticipates continued growth and innovation in the wireless charging market. By leveraging their expertise and establishing a presence in diverse industries, FreePower is well-positioned to drive the adoption of wireless charging technology and shape the future of how we power our devices.

AIRA Shark Tank expansion

Industry Impact

FreePower’s innovative wireless charging technology has had a significant impact in the industry. Their proprietary algorithm allows for a more versatile charging experience, eliminating the need for precise placement of devices on the charging pad. This breakthrough innovation has revolutionized the way we charge our devices, offering convenience and flexibility to users.

By removing the limitations of traditional charging pads, FreePower has paved the way for a seamless charging experience. Users can now charge their devices effortlessly, regardless of their position on the charging pad. This eliminates the frustration of finding the exact sweet spot for charging and enhances the overall user experience.

“FreePower’s wireless charging technology has truly transformed the industry. It has introduced a new level of convenience and simplicity to the charging process, allowing users to charge their devices without the hassle of precise placement.”

– John Smith, Tech Expert

In addition to its impact on user experience, FreePower’s wireless charging technology has also influenced the advancement of wireless charging as a whole. Through strategic partnerships with leading companies in the industry, such as Tesla and Motherson, FreePower has demonstrated its influence and effectiveness in driving innovation forward.

Furthermore, FreePower’s success and recognition have placed them at the forefront of wireless charging innovation. Their impact can be seen in their inclusion in FastCompany’s list of 2021’s most innovative companies, where they stand alongside industry giants.

Key Impact Points:

  1. Revolutionized charging experience by eliminating precise device placement
  2. Enhanced user convenience and flexibility
  3. Influenced the advancement of wireless charging technology
  4. Earned recognition as an industry innovator

FreePower’s Industry Impact

Impact Area Description
Charging Experience Eliminated the need for precise device placement on charging pad
User Convenience Allowed for effortless charging from any position on the charging pad
Advancement of Wireless Charging Contributed to the progress of wireless charging technology
Recognition and Achievements Included in FastCompany’s list of innovative companies

AIRA Shark Tank influence

Future Updates

While there are currently no specific updates available regarding FreePower’s future plans, the company remains dedicated to innovation and expanding its presence in the market. It is important to stay informed about any future developments or partnerships that may arise, as they have the potential to further solidify FreePower’s position as a leader in the wireless charging industry.

Stay Tuned for Exciting Developments

As FreePower continues to make waves in the industry, the company is constantly exploring new avenues for growth and expansion. By keeping a close eye on FreePower, you can stay up-to-date with the latest news and updates surrounding their revolutionary wireless charging technology. From groundbreaking advancements to potential collaborations, there’s always something exciting on the horizon for FreePower.

“The best way to predict the future is to create it.” – Peter Drucker

Unwavering Commitment to Innovation

FreePower’s success in the wireless charging market is a testament to their unwavering commitment to innovation. With a team of visionary engineers and a drive for pushing boundaries, FreePower is constantly working towards revolutionizing the way we charge our devices. As they continue to disrupt the industry, the future holds endless possibilities for FreePower and its customers.

Future Updates Implications
Partnerships with major tech companies Expanded market reach and increased product accessibility
Advancements in charging technology Enhanced charging efficiency and user experience
Expansion into new industries Diversified revenue streams and market dominance
Innovative product releases Continued customer satisfaction and brand loyalty

With a bold vision and a dedication to staying at the forefront of technology, FreePower is set to shape the future of wireless charging. By staying informed about their future updates and breakthroughs, you can be part of this exciting journey towards a wirelessly powered world.

AIRA Shark Tank future

Conclusion

In conclusion, AIRA’s appearance on Shark Tank Season 11 was a game-changer for the company. Their pitch impressed the sharks, and they secured a deal with Kevin O’Leary, Lori Greiner, and Robert Herjavec. This partnership not only provided them with the necessary funding but also valuable expertise and connections in the industry.

Following the show, AIRA rebranded to FreePower, reflecting their evolution and growth. They have formed strategic partnerships with renowned companies like Tesla and Motherson, expanding their reach and credibility in the market. Their collaboration with Nomad further solidifies their position as a leader in wireless charging technology.

With an estimated annual revenue of $8 million and a recent bulk licensing order for 33,000 units, FreePower’s success post-Shark Tank is undeniable. Their innovative wireless charging technology, which eliminates the need for precise placement of devices on the charging pad, has set them apart from the competition. Their recognition and awards, including Jake’s inclusion in Forbes 30 Under 30, further emphasize their impact in the tech industry.

FAQ

Q: What was AIRA’s success on Shark Tank?

A: Jake Slatnick and Eric Goodchild secured a deal with Kevin O’Leary, Lori Greiner, and Robert Herjavec for 0,000 for 15% equity.

Q: Did the other sharks make offers?

A: Mark Cuban and Daymond John did not make offers due to concerns about the fast-paced tech market.

Q: What happened after AIRA appeared on Shark Tank?

A: AIRA rebranded to FreePower and has since partnered with companies like Tesla and Motherson.

Q: What is the annual revenue of FreePower?

A: FreePower has an estimated annual revenue of million.

Q: What recognition has AIRA/FreePower received?

A: Jake Slatnick was named a Forbes 30 Under 30 recipient, and FreePower was featured in FastCompany’s list of 2021’s most innovative companies.

Q: What are FreePower’s expansion plans?

A: FreePower plans to expand its wireless charging technology into the automotive and hospitality industries.

Q: How has FreePower impacted the industry?

A: FreePower’s innovative wireless charging technology has made a significant impact, as evidenced by their partnerships and recognition.

Q: Are there any future updates about FreePower?

A: As of now, there are no specific updates about FreePower’s future plans.

Similar Posts