Aira Wireless Charger Net Worth, History, Founder, Shark Tank Deal (Updated)

Imagine attending an important call, but suddenly your cell phone dies. You try to connect it with the charger, but, unfortunately, the charger got broken. Or perhaps you plugged your device to charge before going to bed but woke up to a dead battery because it wasn’t aligned properly.

We all encounter these situations on a daily basis, and no matter how thick the copper wires in chargers are, they will eventually break or stop working.

To remain out of this hectic situation, you need to buy Aira. Their wireless phone charging is the solution to all your problems.

Aira Wireless Charger Net Worth

Aira is the new era of technology that uses Free Power technology, which enables consumers to place their devices in any way, in any shape, and will still get optimum charging.

The Aira Wireless Charger net worth is over $ 4 million as of 2022.

Aira: Free Power Technology

Aira not only provides a wireless charging experience, but it also sets a new technology trend.

Wireless charging has a number of flaws, and people are not happy about that; for instance, on wireless charging, you can connect only one device, charging stations are not compatible with certain phones, the phone needs to be perfectly aligned, and rails are needed to hold the device.

But Aira has solved all the above problems with its ” Free Power.” Free power is a free-position wireless charging platform. It is a combination of proprietary hardware and software that is protected by 30 patent assets with 7.5-watt output per device. That will overcome all the limitations and enable surface power of any size.

The free power is engineered by the highest level of security and safety and designed to be Qi compliant and works well with Qi-enabled devices, including Samsung, Apple, and Google.

Their free power is not limited to any particular device specification.

Establishment of the Company

Aira was founded in 2017 with the idea to innovate a start-up with a vision of wireless charging effortlessly, elegantly, and everywhere.

Unlike other wireless charging that fails to deliver and additionally puts a burden on the user, Aira, with its Free Power technology, enhances the user’s experience through which you can charge your devices anywhere and across surfaces.

Founder of the Company

Jake Slatnick is the current chief executive officer and the founder of the company, while Jawad Ahsan is the current president of Aira. Jake Slatnick has earned a bachelor’s degree in Technology for Arizona State University.

He was recognized and honored among the first class of 250 standouts as Forbes ‘The Next 1,000’ in 2021. Apart from Aira, he is also the founder of many other companies. He started his first company when he was just 13 years old.

He oversees the company’s marketing, business development, product, and growth strategy.

Jawad Ahsan has earned a degree of BA in Economics and International Studies from the College of the Holy Cross and also an MBA degree in General Management from MIT Sloan School of Management.

Jawad has extensive experience as a public and private tech company chief financial officer. He oversees the growth of companies and organizations.

Aira During Shark Tank

Jake Slatnick made his Shark Tank appearance with Eric Goodchild in season 11, episode 3, and told the sharks about their product. They narrated to the Sharks that they had started their business in 2017 as Juic and rebranded their name to Aira.

These two had partnered with a company called Nomad. This company also sells wireless charging devices and phone cases.

At the time of the Shark Tank appearance, they had not started their own business and that Nomad that gave life to Aira. Jack wanted to sell a more versatile and powerful version, and that’s why he appeared on Shark Tank.

Eric and Jack sought $500,000 in exchange for a 7% stake in their company. The product was not up for sale at the time of the Shark Tank appearance, though.

Nevertheless, the Sharks were impressed by the product Jack brought to Shark Tank, and they started bidding immediately. Kevin O’Leary, Robert Herjavec, and Lori Greiner made their offers. As the product was a new era of technology, they all wanted to invest in it.

Then Eric and Jake suggested teaming up, and they all agreed. All three of the Sharks invested a total of $500,000 for 15% equity.

What Happened to Aira After Shark Tank Deal?

The deal with the Sharks closed, but apparently, only, Robert is the only Shark involved in it. The transition was completed only by Robert Herjavec, and he showed up at CES in January 2020. He and jack also did a $12 million series funding round in August 2021.

Aira company has now put this new technology into cars, furniture, and consumer electronics.

The company’s yearly revenue is $ 4 million as of 2022 and is still growing rapidly.