Tremont Electric Shark Tank Update

Tremont Electric Shark Tank Pitch

Aaron Lemieux created a baton-shaped device that converts motion into electricity that can be put in a backpack and used as a mobile outlet to recharge a dying phone called the nPower Peg. Aaron's initial target market is the off-the-grid hikers but ultimately hopes to scale his patented technology into larger applications under the company, Tremont Electric.

Aaron has sold 1300 units total for $199 each ($259k in revenue). Aaron's grand plan is to use the personal devices as a proof-of-concept to transition into large devices placed in the ocean to generate electricity from waves.

The sharks aren't buying into the idea and at $2 million it is a significant buy-in. For $2 million perhaps Aaron should've said the devices will rain gold like the Sullivan Generator

Tremont Electric After Shark Tank

According to hivelocitymedia.com

The last Tweet from @npowerpeg