Auckland charges to PowerbyProxi exit

Oct 27, 2017 •

Apple has acquired the wireless charging technology developer, spun out of University of Auckland in 2007.

PowerbyProxi, a New Zealand-based wireless charging spinout of University of Auckland, has been acquired by technology firm Apple for more than $100m.

While the exact figure has not been confirmed, the deal’s miminum value was confirmed by New Zealand government agency Overseas Investment Office in a summary approval.

Founded in 2007, PowerbyProxi has been developing wireless charging technology for a range of battery powered devices including sensors, robotics and medical equipment.

Sensor manufacturer TE Connectivity took a 10% stake in…

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