Aira Shark Tank Update – Shark Tank Season 11
Eric Goodchild and Jake Slatnick appeared on Shark Tank Season 11. They unveiled Aira, a wireless phone charging solution, for investment and landed a deal with three of the Sharks.
Eric Goodchild and Jake Slatnick want the Sharks to get a charge out of Aira, their wireless phone charging solution, in Shark Tank Season 11 Episode 3. Aira uses “FreePower™” technology that charges your wireless device without a cable. The business is “pre-launch” and plans to have their product available “later this year.”
Check out other Shark Tank Season 11 Episodes.
About Aira
| Category | Details |
|---|---|
| Business Name | Aira |
| Founders | Eric Goodchild and Jake Slatnick |
| Industry | Wireless Charging Technology |
| Product | Wireless phone charging pad with “FreePower™” technology |
| Funding | Self-funded and partnership with Nomad |
| Deal Status | Deal secured with Kevin, Lori & Robert |
| Investment Asked | $500,000 for 7% equity |
| Deal Outcome | $500,000 for 15% equity |
| Valuation | $7,142,857 |
Eric and Jake started the business in November 2017 as Juic and rebranded the name to Aira. Jake has a background as an entrepreneur; he founded a hacky sack business and a menswear line, and previously dabbled in a wireless contact exchange app.
Eric is the tech guy. He’s an electrical engineer by profession and has an extensive resume working with embedded electrical systems. His other business, Goodchild Engineering, designs high-voltage stage and theatrical special effects for museums and educational exhibits. He also holds the Guinness World Record for making the World’s most powerful bipolar Tesla Coil.
The two men partnered with a company called Nomad to bring Aira to life. Nomad is a lifestyle brand of smartphone cases that also sells a wireless charging device. Eric and Jake aim to sell a more powerful and versatile version. Their charger is a pad that can charge multiple devices at once.
A common problem with wireless charging is smartphones have “sweet spots” that make it necessary to place the phone “just so” on the pad to ensure proper and complete charging. The Aira pad uses a proprietary algorithm to detect a phone’s sweet spot and guarantee that it charges properly.
Since the business isn’t selling a product yet, it’s a start-up. They likely want a Shark’s cash and expertise to get the business up and running quickly. Will a Shark see the power of this opportunity?
Aira Shark Tank Pitch
Eric and Jake enter seeking $500,000 for 7% of the company. The Sharks are impressed with the giant Tesla coil and the technology the guys brought to the Tank. The $30,000 a month burn rate is concerning to the Sharks. Their fears are calmed when the guys reveal they have an order for 33,000 units.
Did Aira Get a Deal on Shark Tank?
Yes, the bidding begins almost immediately. Kevin, Robert, and Lori all make offers. Eric and Jake suggest they team up, and they agree. All three Sharks invest a total of $500,000 for 15%.
Aira Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The deal closed, but apparently, Robert is the only Shark involved. In January 2020, they exhibited at CES and were well received.
At the show, they unveiled FreePower, a product that can charge multiple devices placed anywhere on the pad’s surface. The company is looking into putting this new technology into cars, furniture, and consumer electronics accessories.
In August 2021, the company did a $12 million Series Seed funding round. It plans to use the funds to expand into the automotive and hospitality markets. As of November 2022, the company is earning $4 million in annual revenue.
The estimated net worth of Aira is $5.3 million as of 2025.
Posts about Aira on Shark Tank Blog
Where Can You Buy It?
Aira chargers are available for purchase on their official website. Check out their social media pages for more updates: Facebook and Twitter.
Quick Summary
- Eric Goodchild and Jake Slatnick presented Aira, a wireless phone charging solution using “FreePower™” technology.
- The technology allows multiple devices to be charged simultaneously without precise placement on the pad.
- They sought $500,000 for 7% equity in the company.
Interested in knowing more about the products from this episode? Check out other businesses that participated alongside Aira.
