# Powermat Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/powermat-technologies

- Industry: Electronics
- Headquarters: Petah Tikva, Israel
- Website: www.powermat.com
- Total disclosed funding: $25M
- Latest round: Series B (Dec 15, 2021)
- Investors on record: 2

## About

Powermat Technologies Ltd. delivers advanced wireless power solutions, specializing in innovative charging technologies for various industries, enabling seamless power delivery across multiple applications.Founded in 2006 in Petah Tikva, Israel, Powermat Technologies Ltd. focuses on wireless power innovation. The company has raised a total of USD 25.00 mn through SERIES B funding, with the latest round completed on December 15, 2021, co-led by Foxconn Industrial Internet Co., Ltd. and Hudson Sustainable Investments. The leadership includes CEO Elad Dubzinski, while André Heinisch and Ran Poliakine are listed as founders.Powermat specializes in innovative wireless power and charging solutions that cater to diverse industry needs. Their core offerings include the Powermat PMT family, which utilizes direct current (DC) power technology, and the Powermat PMQ family, compliant with the Qi wireless charging standard. These products facilitate seamless power delivery in various applications, including automotive, robotics, drones, telecommunications, medical devices, and consumer electronics. By employing a hybrid approach that combines magnetic induction and resonance, Powermat's technology offers substantial flexibility in design, allowing clients to customize solutions to meet specific requirements. Their clientele includes industry leaders such as General Motors and Samsung, serving markets primarily in North America, Europe, and Asia, where the demand for advanced wireless charging capabilities continues to grow.Powermat generates revenue through strategic partnerships and business-to-business transactions with prominent companies across multiple sectors. The company’s revenue model typically involves direct sales of their wireless charging platforms to large enterprises, where clients integrate Powermat's technology into their own products or systems. Transactions often occur on a contractual basis, with terms negotiated to align with the project scope and client needs. For example, a major automotive client might engage Powermat to provide customized wireless charging solutions for their electric vehicle models, resulting in a multi-year contract that outlines specific deliverables and payment schedules. Through these collaborations, Powermat aims to enhance the customer experience by providing advanced charging capabilities while establishing a steady revenue stream from its flagship products.In December 2021, Powermat Technologies Ltd. raised USD 25.00 mn in SERIES B funding, which will be utilized to grow its team. The company is expected to focus on developing new products and expanding into new markets, specifically targeting regions in Asia and Europe by 2023. This funding will support the hiring of additional personnel to enhance their product development capabilities and market presence.

## Funding rounds

- Series B, Dec 15, 2021, $25M — Hudson Sustainable Group, Foxconn Industrial Internet Co., Ltd.

## Investors

- Hudson Sustainable Group (https://capitalatlas.ai/funds/hudson-sustainable-group) — Series B
- Foxconn Industrial Internet Co., Ltd. — Series B