Air Car Shark Tank Update

AirCar Zero Pollution Motors - Automotive

Fell ThroughNow:Out of BusinessOtherSeason 6, Episode 27New Paltz, NYby Ethan Tucker and Pat BooneWebsite

What Happened to Air Car After Shark Tank

Is Air Car still in business? No — the company has shut down.

Deal Fell Through

Herjavec's investment was contingent on securing U.S. licensing rights from MDI (the French manufacturer), but MDI's licensing terms were never agreed upon.

  • US licensing rights from MDI never secured
  • No AIRPods reached US customers
  • Effectively defunct by 2025

Last updated Sep 7, 2026.

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The Air Car Shark Tank Pitch

Ethan Tucker and Pat Boone of New Paltz, NY pitched Air Car on Shark Tank Season 6, Episode 27, which aired Friday, May 1, 2015, asking for $5M for 50% of the company — a $10M valuation.

Robert Herjavec agreed to invest $5M for 50% equity, valuing the company at $10M. The deal fell through after the show. Herjavec's investment was contingent on securing U.S. licensing rights from MDI (the French manufacturer), but MDI's licensing terms were never agreed upon.

Watch the Pitch

Pitch Details

Aired
S6E27May 1, 2015
Ask
$5Mfor 50%
Ask Valuation
$10M

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$5M
Equity
50%
Valuation
$10M
Robert HerjavecRobert Herjavec