In order to maintain grid stability and the transition to autonomous vehicles, Investments are made to quicken the development and commercialization of wireless charging for automobiles and other products.
A Million-dollar Investment
WiTricity Corporation, founded in 2007, has recently finished a fresh investment round of $63 million. The round, led by a $25 million investment from industrial behemoth Siemens AG, includes investors Stage One, Airwaves Wireless Electricity, and Delta Electronics. Japan Energy Fund and Mirae Asset Capital are among other significant investors.
With the funding, WiTricity will be able to speed up product development for both passenger and commercial wireless charging. It will also aid WiTricity in transitioning into manufacturing for fleets of all sizes, including light-duty and large commercial vehicles.
WiTricity Technology Drives Wireless Charging
WiTricity technology is used in applications ranging from consumer electronics to industrial robotics. Its power ranges from milliwatts to kilowatts.Â
WiTricity chose to license its technology to Wiferion, a top producer of solutions for mobile, wireless power supplies for industrial e-vehicles. With licensees currently manufacturing devices like wirelessly charged factory robots, e-Scooters, and e-Bikes, the opportunities for WiTricity technology go far beyond electric vehicles.
Other Collaborations
WiTricity also collaborates with top automation manufacturer Siemens to improve the effectiveness of wireless charging in commercial and passenger electric vehicles.
WiTricity – an Overview
WiTricity, a pioneer in wireless EV charging, has been in charge of advancing and managing magnetic resonance technology in commercial and passenger vehicles since 2007. The company’s technology is supported by a patent portfolio. It is the cornerstone of accepted international EV wireless charging standards like SAE, ISO, and GB. Automakers and Tier 1 suppliers now rely on WiTricity to do away with plug-in charging and promote the deployment of EVs.
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