Tremont Electric, a human-powered charger for mobile devices, was started by Aaron LeMieux in 2008. Tremont Electric net worth was $500 million at the time of their pitch in 2013 based on the $2,000,000 offer for an 22% of equity of the company.
They appeared on season 4 of Shark Tank USA in 2013. But the Sharks were not interested in investing in Tremont Electric due to high valuation.
Tremont Electric is no longer in business. The company went out of business in 2016, after failing to secure contracts for its kinetic energy harvesting technology with major energy suppliers.
See also: Similar products on Amazon.
Tremont Electric Net Worth
| Net worth | $500 million (2013) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founder | Aaron LeMieux |
| Employees | – |
Tremont Electric Net Worth Timeline
| Net Worth 2023 | – |
| Net Worth 2022 | – |
| Net worth valuation 2013 after appearing on Shark Tank | N/E |
| Net worth valuation 2013 before appearing on Shark Tank | $500 million |
Tremont Electric Pitch on Shark Tank
| Product | Human-powered charger for mobile devices |
| Episode | Season 04 Episode 22 |
| Founder | Aaron LeMieux |
| Asked for | $2,000,000 for 22% Equity |
| Company name | Tremont Electric |
| Final deal | None |
| Shark | None |
| Location | USA |
Don’t miss these product from Season 04
Tremont Electric Founder
Tremont Electric was founded by Aaron LeMieux in 2008.The networth of Tremont Electric’s founder, Aaron LeMieux, is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2013 | Appeared on Shark Tank season 04 |
| 2014 | Expanded its testing program to include several other energy suppliers. |
| 2015 | Secured a major contract with a major energy supplier to deploy its kinetic energy harvesting technology on a commercial scale. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Tremont Electric was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Tremont Electric went out of business in 2016. And the product is no longer available in the market.
