The joint venture between battery maker Duracell and Powermat is expected to start next year after P&G took an equity stake.
New York-listed consumer goods company Procter & Gamble, which makes Duracell batteries, has invested an undisclosed amount as part of a larger strategic partnership with Powermat, an Israel-based company making wireless charging pads for mobile devices.
The joint venture between Duracell and Powermat is expected to start next year.
Stassi Anastassov, Duracell president, said: "Several decades ago, Duracell was a pioneer in a new revolutionary product category, alkaline roundcell batteries.
"Today it is a multi-billion dollar category. In a not…
