USA – WiTricity, a Watertown, MA-based EV wireless charging company, raised an additional $18m in funding.
The round added to its previously announced $34m funding led by Stage 1 Ventures with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas).The extension included investments from Tony Fadell’s Future Shape and other private investors. WiTricity is a wireless charging company providing patented magnetic resonance technology which enables a hands-free and efficient charging experience for EV drivers. Many top automakers and their Tier 1 suppliers have already licensed WiTricity’s technology, including Toyota, Mahle, TDK, IHI, Shindengen, Daihen, Aptiv, Anjie Wireless, Yura, VIE, Green Power, and Lumen Freedom. 01/03/2021The company has also formed a new board of advisors including: 01/03/2021
