LuminAID

LuminAID Shark Tank update: is it still in business?

LuminAID makes solar-rechargeable lights that pack flat and inflate into a lantern. Anna Stork and Andrea Sreshta designed the first version in 2010 as architecture graduate students at Columbia, in response to the Haiti earthquake, and founded the company in 2011, according to Wikipedia. It is based in Chicago. Before the show it won several business plan competitions, and it received a U.S. patent for its lighting technology in 2016, Wikipedia reports. They pitched in the Season 6 episode that aired February 20, 2015. CNBC reports they asked for $200,000 for 10% and took Mark Cuban's offer of $200,000 for 15%, with an option to lead the next financing round. Wikipedia reports that all five sharks made offers. CNBC later described the company as "Mark Cuban-backed," which confirms the partnership went beyond the handshake. The company expanded from the original inflatable lantern into a line of solar lanterns, some doubling as phone chargers. In November 2021, Adventure Ready Brands announced it had acquired LuminAID; the deal was also covered by Chicago Inno. The price was not disclosed. Is LuminAID still in business? Yes, as a brand owned by Adventure Ready Brands. As of October 14, 2026, luminaid.com is live with a 2026 copyright and a product line of solar lanterns and lantern-chargers. Product specs quoted on the site, such as run times, are the maker's claims and haven't been tested by us.