WiTricity

WiTricity Corporation, founded in 2007 and based in Watertown, Massachusetts, specializes in wireless power solutions utilizing magnetic resonance technology. This innovative technology allows for efficient energy transfer over distance, enabling a variety of applications such as mobile device charging, electric vehicle (EV) and hybrid electric vehicle (HEV) charging, in-vehicle charging, and powering medical, industrial, and military devices. WiTricity's products are designed for multiple sectors, including consumer electronics, automotive, and medical devices, and the company also licenses its technology to original equipment manufacturers (OEMs) for product integration. The company emerged from research conducted at the Massachusetts Institute of Technology, where the principles of wireless electricity were first developed, demonstrating practical applications such as illuminating a light bulb from over two meters away. WiTricity continues to lead the industry in intellectual property and expertise in wireless power transfer.

Joe Benz JD

CEO and Board Member

1 past transactions

Qualcomm Halo

Acquisition in 2019
Qualcomm Halo specializes in wireless electric vehicle charging (WEVC) technology aimed at facilitating the widespread adoption of electric vehicles. The company utilizes inductive charging, which allows electricity to be transferred through the air between magnetic coils installed in the roadway and the vehicle. This innovative approach eliminates the need for physical connections, providing a convenient and efficient charging solution for electric vehicles, thereby supporting the transition to more sustainable transportation options.
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