Aira Shark Tank Update

Aira Shark Tank Pitch

Eric Goodchild and Jake Slatnick appeared on Shark Tank Season 11, Episode 3, which aired on October 13, 2019, with tesla coil-based wireless charging.

Aira is listed in the Accessories Gadgets category. In plain terms, the business is described as tesla coil-based wireless charging.

Aira asked the Sharks for $500,000 for 7%, implying a valuation of about $7.1 million.

On the show, Aira made a listed deal with Lori Greiner, Kevin O'Leary, and Robert Herjavec for $500,000 for 15%.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $7.1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Aira After Shark Tank

Aira accepted an on-air Shark Tank deal for $500,000 for 15%, and follow-up reporting says the deal closed after filming. (Aira Shark Tank Update

In August 2021, the company did a $12 million Series Seed funding round. (Aira Shark Tank Update

The deal closed, but apparently, Robert is the only Shark involved. (Aira Shark Tank Update

In January 2020, they exhibited at CES and were well received. (Aira Shark Tank Update

At the show, they unveiled FreePower, a product that can charge multiple devices placed anywhere on the pad’s surface. (Aira Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches