Tremont Electric, founded by inventor Aaron LeMieux, developed the nPower PEG, a portable device that generates electricity from human motion. Despite pitching the idea on Shark Tank, Tremont Electric didn’t secure a deal.
However, the appearance increased awareness and interest in renewable energy solutions. The company raised funds through a Kickstarter campaign but has struggled to maintain momentum. As of 2024, Tremont Electric is no longer in business, and its latest valuation remains undisclosed.
The nPower PEG, once a promising innovation, failed to achieve widespread adoption and ultimately led to the company’s closure.
Tremont Electric Net Worth
Estimated Net worth | $2 million (2016) |
Annual Sales Revenue | Not available |
Lifetime sales | Not available |
Investor | None |
Founder | Aaron LeMieux |
Employees | Not available |
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 |
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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 2024, since the business is no longer functioning.
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.