Eric Goodchild and Jake Slatnick arrived at Shark Tank with a brilliant concept. They developed a wireless charger that differed greatly from the kind we are familiar with. While wireless charging seems great a lot of products require you to position your phone precisely in order for it to work. It won’t charge if you move it much. Eric and Jake noticed this issue. They therefore created a new thing.
Regardless of where you set your phone on the pad, their wireless charger can charge it.
They were aware that users of wireless chargers would find this to be a significant change. In the episode, they asked the sharks for assistance in expanding their company. They requested $500,000 for a 7% stake in the business. Will the entrepreneur get a deal on Shark Tank? Check out our AIRA update to find out!
AIRA Net Worth Shark Tank Update 2025
Eric Goodchild and Jake Slatnick asked for a $500k investment in exchange for 7% equity in their company AIRA. This meant they valued their company at $7.14 million. They made a deal with Robert Herjavec, Lori Greiner, and Kevin O’Leary for $500k in exchange for 15% of their company. This new deal valued their company at $3.33 million. After the show aired, AIRA saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of AIRA (now FreePower) is about $5.32 million.
AIRA remains functioning to this day. AIRA fared incredibly well following the show. The business even renamed itself. It is now known as FreePower. The company will continue expanding in 2024. It is profitable, bringing in about $8 million annually. AIRA is now widely used. Large corporations are eager to employ FreePower’s wireless charging technology. Among these businesses are Motherson and Tesla.
AIRA is also a major player in the auto industry. New cars are being equipped with wireless chargers.Making this choice after Shark Tank was a wise move. The item is still being produced. Many people are aware of it now. FreePower technology is found in contemporary cars and devices. Numerous large corporations have licensed the company’s technology.
It’s true that AIRA closed a deal on Shark Tank. Jake Slatnick and Eric Goodchild, the company’s founders first requested $500,000 in exchange for 7% ownership in their venture. It was decided by three sharks to invest in the company.
Robert Herjavec, Lori Greiner, and Kevin O’Leary jointly offered $500,000 in exchange for 15% of the AIRA’s shares. The deal was made when Jake and Eric accepted this offer. This agreement helped AIRA’s development into the business that is now FreePower.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $500,000 for 10% equity | #1 $500,000 for 15% equity #2 $500,000 for 5% equity | Yes to 2nd offer |
| Lori Greiner | $500,000 as a loan with 9% interest and 7% equity | #1 $500,000 for 7% equity #2 $500,000 for 5 % equity | Yes to 2nd offer |
| Kevin O’Leary | $500,000 as a loan with 9% interest and 7% equity | #1 $500,000 for 7% equity #2 $500,000 for 5% equity | Yes to 2nd offer |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
AIRA Shark Tank pitch
When Jake Slatnick and Eric Goodchild noticed a problem with the way people were charging their gadgets they founded AIRA. The majority of wireless chargers are difficult to use. They require that the gadget be precisely positioned in a designated area. Users found this to be frustrating. Jake and Eric set out to create a wireless charger that would not require precise positioning.
Eric was fascinated by technology and had even constructed a strong Tesla coil while still in high school. He created a free-position charging surface by applying his understanding. Jake and Eric encountered numerous difficulties while creating their work of art. Making sure the solution could charge numerous devices at once without giving up efficiency was one of the main obstacles.
Jake and Eric made a captivating and convincing pitch when they first stepped into the Shark Tank. They demonstrated their product’s operation to the sharks. Up to three devices might be charged simultaneously on the AIRA wireless charging pad without exact positioning being required. The sharks were impressed by this.
They clarified that other businesses might obtain licenses to use their technologies. The most important aspect of their business plan was this. Their first large license order, for 33,000 units, had already been received. The company’s founders requested $500,000 in exchange for 7% ownership. They clarified that the funds would be utilized to expand their company and increase production.
The sharks questioned the merchandise constantly. They were curious about the technology’s operation and how it differed from earlier models of wireless chargers. Jake and Eric clarified that exact positioning was not necessary for their charging surface to simultaneously power many devices. The sharks were also interested in the product’s potential for licensing.
Companies were intrigued by their technology as Jake and Eric revealed that they had already gotten a bulk order for 33,000 units. The sharks were impressed and developed greater confidence in the company as a result.
Daymond John and Mark Cuban were the first sharks to go. They were concerned that AIRA would fall behind as they both believed that the tech industry was changing swiftly. But Kevin O’Leary, Lori Greiner, and Robert Herjavec realized the company’s potential. Robert made a 10% equity offer of $500,000.
A loan of $500,000 with 9% interest and 15% equity was proposed by Kevin and Lori.
But when Robert stated that Jake and Eric didn’t require credit they quickly withdrew the financing portion of their offer. Following some haggling, Jake and Eric put out a final proposal. They made a total offer of $500,000 for 15% shares to each of the three sharks. The agreement was reached by the sharks.
What Went Wrong With AIRA On Shark Tank?
Not every shark expressed interest in making an AIRA investment. Daymond John and Mark Cuban made the decision not to submit proposals. Both of them were worried about the rapidly changing tech industry. They believed that AIRA’s technology might quickly become outdated.
Daymond and Mark were concerned that as new wireless charging technologies emerged the company may fall behind. They left because of these worries. But the ultimate deal came about because the other sharks recognized the long-term benefits of licensing AIRA’s technology.
Product Availability
Through licence agreements, FreePower’s technology which was first known as AIRA is now broadly accessible. One of their principal collaborators is Nomad, which uses FreePower’s technology to create the Nomad Base Station. The device eliminates the requirement for exact positioning by enabling users to charge many devices on one surface. Motherson and Tesla’s products also use technology from FreePower.
Some of Tesla’s cars are equipped with wireless charging technology from FreePower. Together with FreePower, Motherson is a major automotive supplier and together they will introduce wireless charging technology to the car industry. FreePower items can be purchased online through both their own website and the web pages of various partners. The product and the brand that has obtained a license from FreePower to use its technology determine the price.
Conclusion
AIRA’s (now FreePower’s) Shark Tank journey has been a successful one. The business has expanded tremendously since striking an agreement with Robert Herjavec, Lori Greiner, and Kevin O’Leary. To introduce their wireless charging technology to new markets they have teamed with well-known brands including Motherson and Tesla.
They continue to innovate in the tech area, and their expected yearly income is $8 million. Several partners, such as Nomad, which used FreePower’s technology to develop a wireless charging base, offer access to the technology. Since its Shark Tank pitch the company has gone a long way and its future growth might be much greater. We anticipate more collaborations and fresh products from them.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
