# WiBotic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wibotic

- Industry: Electronics
- Headquarters: Seattle, US
- Website: www.wibotic.com
- Total disclosed funding: $8.2M
- Latest round: Series A (Jun 11, 2020)
- Investors on record: 10

## About

WiBotic Inc. designs and develops wireless autonomous charging solutions for robotic systems, significantly enhancing their operational efficiency and minimizing downtime across various industries.Founded in 2015 in Seattle, US, WiBotic specializes in wireless charging technology for robots and devices. The company, led by founder Ben Waters, has successfully completed four deals, with the most recent being a Series A round in June 2020, raising USD 5.7 mn from several investors including Aves Capital Management and SV Tech Ventures.WiBotic specializes in wireless autonomous charging solutions tailored for robots, devices, and fleets, utilizing advanced charging hardware and fleet energy management software. Their systems enable universal embedded robot identification and communication, supporting various battery chemistries, voltages, and charging rates. This versatility caters to multiple applications, including mobile, aerial, and underwater robotics, serving industries such as logistics, agriculture, and military operations. Clients include Clearpath Robotics and DroneMatrix, with operations spanning North America, Europe, and parts of Asia.WiBotic generates revenue primarily through the sale of its wireless charging systems and software services, including fleet management solutions and integration APIs. The business model focuses on direct-to-business transactions, allowing customers to purchase charging systems or subscribe to fleet management services. The pricing structure is customized based on the scale of deployment and system features, with various options available to meet different battery requirements and charging needs.Following their Series A funding of USD 5.7 mn in June 2020, WiBotic plans to leverage this capital to expand its product offerings and enter new markets. The company aims to design new products that enhance charging capabilities for emerging robotics applications and is targeting expansion into markets across Europe and Asia by 2022. The funding will support these initiatives, allowing WiBotic to broaden its reach and enhance its technology portfolio.

## Funding rounds

- Series A, Jun 11, 2020, $5.7M — WRF Capital, The W Fund, Rolling Bay Ventures, SV Tech Ventures, Junson Capital, Aves Capital Management
- Seed, Apr 26, 2017, $2.5M — Tsing Capital, WRF Capital, The W Fund, Wisemont Capital, Comet Labs, Digi Labs

## Investors

- Tsing Capital (https://capitalatlas.ai/funds/tsing-capital) — Seed
- WRF Capital (https://capitalatlas.ai/funds/wrf-capital) — Seed, Series A
- The W Fund — Seed, Series A
- Wisemont Capital (https://capitalatlas.ai/funds/wisemont-capital) — Seed
- Comet Labs (https://capitalatlas.ai/funds/comet-labs) — Seed
- Digi Labs (https://capitalatlas.ai/funds/digi-labs) — Seed
- Rolling Bay Ventures (https://capitalatlas.ai/funds/rolling-bay-ventures) — Series A
- SV Tech Ventures (https://capitalatlas.ai/funds/sv-tech-ventures) — Series A
- Junson Capital — Series A
- Aves Capital Management (https://capitalatlas.ai/funds/aves-capital-management) — Series A