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WiTricity
Provides technology to enable wireless power transfer over distance using magnetic resonance
About WiTricity
WiTricity is a pioneering company in the field of wireless electric vehicle (EV) charging solutions. The company's primary focus is on making the charging process for electric vehicles as easy and convenient as possible. This is achieved through their innovative wireless charging technology, which allows customers to charge their vehicles without the need for physical cables or plugs.
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The company serves a broad range of clients, including automakers and consumers who own electric vehicles. They operate in the rapidly growing electric vehicle market, which is driven by increasing environmental awareness and government incentives for clean energy.
WiTricity's business model is centered around the design, testing, and manufacturing of wireless EV charging solutions. They have already developed their 5th generation of wireless charging solutions, with previous generations having been tested and deployed by global Original Equipment Manufacturers (OEMs).
The company generates revenue by selling these wireless charging solutions to automakers and other businesses in the automotive industry. They also offer a FastTrack program to accelerate OEMs into the world of wireless charging, providing another source of income.
In summary, WiTricity is a forward-thinking company that is revolutionizing the way electric vehicles are charged. Their wireless charging solutions not only make the charging process more convenient for consumers but also help to build brand loyalty for automakers.
At a glance
- Status
- Operational
- Founded
- 2007
- Headquarters
- Watertown, United States
- Employees
- 42
- Open positions
- None listed
- Dealroom signal
- 63.9/100
- Sub-industry
- Energy Storage, Maintenance, Autonomous & Sensor Tech
- Sector
- Transportation, Automotive, Intellectual Property, Autonomous Mobility, Drones, Spinout, Sustainable Development Goals, EV Charging, EV Charging Hardware, Climate Tech, Electric Mobility
- Business model
- Manufacturing
- Investment activity
- 1 company, latest Feb 2019
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Aug 2022 | $65M | $500M | Mirae Asset Capital · Stage 1 Ventures · Japan Energy Fund · Air Waves Wireless Electricity | ↗ |
| GRANTOther financing | Mar 2022 | $50K | — | Michigan Economic Development Corporation | — |
Growth signals
Latest recorded traffic for WiTricity is 7.4K monthly website visits, up 37% over the last three months. WiTricity's team declined 10.6% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Michigan Economic Development Corporation
Series A3 investors entered at this stage
- SPStata Venture Partners
- APArgonaut Partners
Argonaut Ventures
Series B and later11 investors entered at this stage
Haiyin Capital
Intel Capital
Foxconn Technology Group
Stage 1 Ventures
Mitsubishi
Future Shape
Siemens
Mirae Asset Capital
Japan Energy Fund- AEAir Waves Wireless Electricity
Delta Electronics Capital
Other known investors4 additional known investors
BloombergNEF
Chartline Capital Partners
Massachusetts Institute of Technology- Qualcomm
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about WiTricity on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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