WiTricity gets $34m transmission

Nov 2, 2020 • Robert Lavine

Stage 1 Ventures led the latest round for the wireless charging technology provider, a spinout of Massachusetts Institute of Technology.

WiTricity, a US-based provider of wireless energy transfer technology spun out of Massachusetts Institute of Technology (MIT), has raised $34m in a round led by venture capital firm Stage 1 Ventures.
The round also featured Mitsubishi Corporation (Americas), a subsidiary of Japan-headquartered conglomerate Mitsubishi, and Air Waves Wireless Electricity, a vehicle for Kenneth Horowitz, co-founder of cellular frequency licensor Cellular One.
Founded in 2007, WiTricity has developed wireless electric vehicle charging technology that uses magnetic resonance.
The…

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