# Reach Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reach-labs

- Industry: Energy Storage & Batteries
- Headquarters: Oakland, US
- Website: www.reachpower.com
- Total disclosed funding: $41M
- Latest round: Series B (Dec 2, 2022)
- Investors on record: 6

## About

Reach Labs, based in the US, specializes in advanced wireless power delivery solutions utilizing patented power beaming technology to efficiently transmit energy without physical connections.Founded in 2014 and headquartered in Oakland, US, Reach Labs is dedicated to developing advanced wireless power solutions. The company was established by Chris Davlantes, who has a history in founding technology ventures. In December 2022, Reach Labs secured USD 30 mn in Series B funding led by Data Collective, with participation from Collaborative Fund, Transform VC, and Y Combinator, raising the total amount to USD 30 mn across all funding rounds. The company has completed 4 deals to date, with its most recent deal occurring on December 2, 2022.Reach Power Inc. specializes in advanced wireless power delivery solutions that integrate patented power beaming technology designed to transmit energy without the need for physical connections. Their core offerings include a range of optimized power transmitters that facilitate reliable wireless energy infrastructure tailored for a variety of applications, including defense, manufacturing, and public safety. The technology enables devices in hard-to-reach areas to remain powered continuously, thereby enhancing operational efficiency and minimizing downtime for advanced technologies such as drones, electric vehicles, and autonomous sensors. The company’s solutions cater primarily to sectors that require consistent power delivery in challenging environments, including military operations and industrial manufacturing. Reach Power has positioned its products in key geographical markets, focusing on defense institutions, logistics firms, and public safety agencies across North America, Europe, and Asia.Reach Power Inc. operates on a transactional model that encompasses partnerships and direct sales to business clients in varied sectors. Their business structure involves the provision of customized, scalable wireless power solutions that are integral to their client’s operations, including government organizations and manufacturers. Clients engage with Reach through contracts for the deployment of their wireless power systems, which may include ongoing maintenance and upgrades as part of service agreements. The company’s flagship products, which utilize advanced AI-driven control systems for optimized power delivery, are priced based on the complexity and scale of installations, reflecting the specific needs of their customers. While specific pricing plans and revenue details are not disclosed, the transaction framework underscores a B2B model focusing on long-term partnerships and tailored power solutions.Following the recent funding round in December 2022, Reach Labs plans to leverage the USD 30 mn raised to enhance their wireless power-at-a-distance technology, aiming to deliver solutions to billions of devices globally. The company is also focused on expanding its market presence in North America, Europe, and Asia, targeting specific sectors that have emerging needs for reliable wireless power solutions. Upcoming product launches are anticipated to further diversify their offerings and solidify their market position.

## Funding rounds

- Series B, Dec 2, 2022, $30M — Y Combinator, Collaborative Fund, DCVC, Transform VC
- Series A, Aug 23, 2018, $11M — Y Combinator, DCVC
- Seed, Sep 1, 2015, $0.1M — Y Combinator, NewDo Venture, Lynett Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series B
- NewDo Venture (https://capitalatlas.ai/funds/newdo-venture) — Seed
- Lynett Capital (https://capitalatlas.ai/funds/lynett-capital) — Seed
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A, Series B
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series B
- Transform VC (https://capitalatlas.ai/funds/transform-vc) — Series B