Mobile phone charging stations for companies were developed by Amber. Customers may use their charging stations to charge their phones in public settings. People running out of battery while on the road is no longer an issue thanks to this. Amber was established by Bill Shuey and Kyle Byrd with the intention of meeting this expanding demand.
In season six of Shark Tank, the entrepreneurs made an appearance to make a pitch for their product. For 20% ownership in their business, they want $200,000 in exchange. Their device could be purchased for $2,000 or rented for $150 a month. Will the entrepreneur get a deal on Shark Tank? Check out Amber’s update to find out!
Amber Charger Net Worth Shark Tank Update 2025
Mark Frohnmayer and Ryan Grepper went on Shark Tank asking for $500,000 for 10% of their company. This meant they thought their business was worth $5,000,000. They did not make a deal with any Shark. The episode was aired on September 26, 2014. The device charging company later shut down. The current net worth of Amber Charger is $0 in 2025.
Amber failed to negotiate a deal on Shark Tank. The business had difficulties once the episode aired. The company was unable to overcome the obstacles it encountered. Amber failed in 2015 despite their best efforts. Co-founders Kyle Byrd and Bill Shuey persisted. After that, they worked on other projects and used the knowledge they had gained from Amber in their other endeavors.
They persisted in their efforts to develop and use novel concepts. Amber’s experience serves as a reminder of how challenging it can be to transform a concept into a successful company.
Unfortunately, Amber couldn’t secure any deal on Shark Tank. Co-founders Kyle Byrd and Bill Shuey requested $200,000 in exchange for 20% of their business. However, none of the sharks decided to invest once they presented their product. Lori Greiner and Mark Cuban were the first to go. They thought the product lacked the strength to compete.
According to Kevin O’Leary, it was among the worst concepts he had ever seen. Robert Herjavec and Daymond John also made the decision to pass. Amber was not a wise investment in their opinion. Ultimately Amber departed the tank without a deal after no sharks made a bid.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Amber Charger Shark Tank pitch
Bill Shuey and Kyle Byrd saw the need for charging stations in public areas and found Amber. They had the concept after they noticed how frequently people’s phone batteries died when they were out and about. People’s reliance on mobile phones is increasing as technology advances. They require a means of being charged. The charging stations made by Amber were designed to address this gap.
However, it was difficult to turn this concept into a business. Both product design and manufacture presented difficulties for them. They needed to figure out how to keep the prices low enough so that companies could afford the charging stations. The manufacturing process was the main issue. The production cost per unit was around $1,000. This made it hard for them to offer the product at a reasonable price.
Amber also faced competition from other companies that offered similar products. The company was not able to make enough money to overcome these challenges.
The sharks were shown Amber’s product by Bill Shuey and Kyle Byrd. They described the operation of their mobile phone charging stations. They gave companies two options for obtaining the goods. The first choice was to spend $2,000 on the charging station. Leasing it for $150 a month was the second option. Additionally, Bill and Kyle clarified that the device was made to safely charge phones.
To ensure that consumers’ phones remained secure while charging, they employed a fingerprint scanner. This was a wonderful selling point for firms, according to the co-founders. They thought that offering a safe way to charge would draw clients. They requested $200,000 from the sharks in exchange for 20% ownership in Amber. They believed that this funding would enable them to develop and grow the company.
The sharks had many questions about the product. Robert Herjavec was concerned about the fingerprint scanner. He questioned whether the low-cost fingerprint scanner would be as effective as the high-end versions. The sharks seemed to agree with Robert. They worried that the scanner might not work well enough to keep phones secure. This concern was a big issue for the sharks.
They were unsure if customers would trust the product if the scanner was not reliable. Lori Greiner also had concerns. She believed that the charging station was too far behind the competition. She thought that other products in the market were more advanced. Lori felt that Amber’s product would not stand out in such a competitive market. She also worried about the manufacturing costs.
The sharks could not believe that each unit cost $1,000 to make. They thought this was too high for the price of the product. The co-founders tried to explain the costs, but the sharks remained unconvinced. Kevin O’Leary was very critical of Amber’s product. He called it one of the worst ideas he had ever seen. He did not believe the product was a good investment.
Daymond John and Robert Herjavec also decided to pass. They felt the product was not ready for success. The sharks all seemed to agree that Amber would face too many challenges to be profitable. Despite the co-founders’ best efforts, no sharks made an offer.
The sharks were not interested in Amber’s mobile phone charging stations. Mark Cuban dropped out first. He said he never invested in products like Amber’s. He did not believe the company had enough potential to succeed. Lori Greiner followed Mark and dropped out as well. She felt the product was too far behind the competition and did not see it as a good investment. Kevin O’Leary did not hold back.
He criticized the idea and called it one of the worst he had ever seen. He also dropped out quickly. Daymond John and Robert Herjavec were the last to drop out. They both felt that Amber’s product was not strong enough to succeed in the market. They agreed that the product would have a hard time competing with others in the market. In the end, all the sharks passed on the deal. Amber left Shark Tank without any offers.
What Went Wrong With Amber On Shark Tank?
The sharks were not sufficiently impressed by Amber’s goods. The sharks declined to make the investment for a number of reasons. The fingerprint scanner was one of the primary issues. The other sharks, including Robert Herjavec, were concerned that the inexpensive scanner would not be effective enough to safeguard phones. Customers would not use the charging stations if they did not trust the scanner.
The high cost of production was another issue. The sharks were shocked to learn that each item cost $1,000 to make. Because of this Amber found it challenging to charge a fair price for the goods. In addition, Lori Greiner thought the product was out of date in comparison to other comparable items available on the market. She thought Amber would find it difficult to compete.
Additionally, Lori Greiner felt the product was outdated compared to other similar products in the market. She believed Amber would struggle to compete. Finally, Kevin O’Leary criticized the idea and called it one of the worst he had ever seen. This negative feedback made it clear that the sharks did not see potential in Amber. In the end, the co-founders left Shark Tank without a deal.
Product Availability
Amber’s invention was intended to serve as a commercial mobile phone charging station. It made it possible for users to safely charge their phones in public settings. Companies may lease the charging stations for $150 a month or buy them for $2,000. With the fingerprint scanner, the device was designed to be secure and simple to use.
However Amber found it difficult to expand the company when the sharks rejected the investment. The business was unable to overcome its obstacles. The company Amber closed its doors in 2015. It is no longer possible to buy the product.
Conclusion
Amber’s journey on Shark Tank was a tough one. The co-founders, Bill Shuey and Kyle Byrd were unable to secure a deal. The sharks raised concerns about the product’s security and high manufacturing costs. They also felt Amber’s charging station was too far behind the competition.
Despite these challenges, Bill and Kyle used their experience with Amber to help them with future projects. However, Amber went out of business in 2015. The company was unable to survive in a competitive market. This marks the end of Amber’s story.
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.
