Tremont Electric Net Worth 2024 Update (Before & After Shark Tank)

As of 2024, Tremont Electric is out of business, having ceased operations in 2018.
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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 RevenueNot available
Lifetime salesNot available
InvestorNone
FounderAaron LeMieux
EmployeesNot available

Tremont Electric Pitch on Shark Tank

ProductHuman-powered charger for mobile devices
EpisodeSeason 04 Episode 22
Founder Aaron LeMieux
Asked for$2,000,000 for 22% Equity
Company nameTremont Electric
Final dealNone
Shark None
LocationUSA

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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

YearAccomplishment
2013Appeared on Shark Tank season 04.
2014Expanded its testing program to include several other energy suppliers.
2015Secured 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.

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