Mitsubishi was among the latest investors in the charging technology provider, joining the likes of Foxconn, Intel, Toyota, Haier, Delta, Schlumberger, Systech and Omar Zawawi Group.

WiTricity, a US-based provider of wireless energy transfer technology, has raised $34m from investors including Mitsubishi Corporation (Americas), a subsidiary of Japan-headquartered conglomerate Mitsubishi.

The round was led by venture capital firm Stage 1 Ventures and also featured an Air Waves Wireless Electricity, a vehicle for Kenneth Horowitz, co-founder of cellular frequency licensor Cellular One.

Founded in 2007 as a spinout from Massachusetts Institute of Technology (MIT), WiTricity has developed wireless electric vehicle charging technology that uses magnetic resonance.

The…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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