WiTricity Secures Additional $18M

USA –

WATERTOWN, MA, WiTricity, the company wirelessly charging the future of mobility, announced an additional $18 million to its previously announced October fund raise of $34 million.
The extension included investments from Tony Fadell's Future Shape and other private investors. Fadell also joins WiTricity's newly formed Board of Advisors.

Stage 1 Ventures led the first tranche of $34 million with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas).

WiTricity is the global industry leader in wireless charging, powering a sustainable future of mobility that is electric and autonomous. WiTricity's patented magnetic resonance technology is being incorporated into global automakers' and Tier 1 suppliers' EV roadmaps and is the foundation of major global standards developed to support wide-scale adoption. Advancements like dynamic charging of moving vehicles, and the charging of autonomous robots and vehicles without human intervention all depend on WiTricity technology. See how WiTricity enables a magically simple, efficient charging experience.

WiTricity

149 Grove Street – Watertown, MA 02472

617-926-2700

www.witricity.com