WiTricity Corporation
Latest round
- Series F
Last raised
- Apr 2015
Total raised
- $55M
Investors
- 5
About WiTricity Corporation
Founded in 2007, chaired by Alex Gruzen as CEO, and based in Massachusetts, the US, WiTricity Corporation, helps commercialize new technology for wireless electricity and charging. The company was founded based on the idea of MIT Professor Marin Soljacic, Peter H. Fisher, and Andre Kurs, to find methods to wirelessly connect mobile electric devices to the existing electric grid. The company has over 1000 patents granted worldwide. The company's clients that have licensed the company's technology include Toyota, Mahle, TDK, IHI, Shindengen, Daihen, and Aptiv among others. As of 2021, the company staffs 42 employees. The company's technology is the medium that ties the existing electric grid to a broad range of mobile and wireless devices as well as electric vehicle wireless charging. WiTricity's portfolio of products includes automotive solutions such as drive solutions for autonomous electric vehicles.6-11 kW EV charging development system enables cars to park and charge wirelessly. WiTricity’s product has applications for mobile robots, automatic guided vehicles, cordless tools and instruments, golf carts, industrial vehicles, electric passenger and commercial vehicles, ventricular assist devices, pacemakers, defibrillators, military systems, and smart cards, along with industrial applications. Additionally, the company offers engineering services and support such as application support and consulting services, technical training, custom development, modeling, and installation as well as support for licensees, partners, and customers as a part of its complete product and service portfolio. The company patented magnetic resonance technology enables the development of new and improved consumer electronics devices such as laptops, mobile, and televisions as well as commercial, medical, and industrial devices. WiTricity exclusively offers reference designs, technology transfer, and engineering support services for electric vehicle wireless charging solutions.
Who invested in WiTricity Corporation
5 investors across 4 rounds
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Questions about WiTricity Corporation
Who invested in WiTricity Corporation?
WiTricity Corporation has 5 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has WiTricity Corporation raised?
WiTricity Corporation has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did WiTricity Corporation last raise money?
WiTricity Corporation's most recent round on record is a Series F, in Apr 2015.
What does WiTricity Corporation do?
Founded in 2007, chaired by Alex Gruzen as CEO, and based in Massachusetts, the US, WiTricity Corporation, helps commercialize new technology for wireless electricity and charging.
Where is WiTricity Corporation headquartered?
WiTricity Corporation is headquartered in Watertown, US.
Which VCs invest in companies like WiTricity Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back power & utilities companies at WiTricity Corporation's stage. Their profiles are linked below.
VCs backing power & utilities startups at Series F
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