WiTricity

WiTricity Corporation specializes in wireless power solutions utilizing patented magnetic resonance technology. Founded in 2007 and based in Watertown, Massachusetts, the company focuses on various applications, including electric vehicle (EV) charging, mobile device charging, wireless batteries, and medical devices. WiTricity is recognized as a leader in the development of wireless charging for both passenger and commercial vehicles, playing a key role in establishing global standards for EV wireless charging. Its technology enables seamless energy transfer through oscillating magnetic fields, allowing clients to adopt wireless charging systems that eliminate the need for plug-in connections. The company's extensive patent portfolio underpins its innovations, attracting automakers and suppliers seeking to enhance the convenience of EV charging and promote future autonomous driving technologies. WiTricity also licenses its technology to original equipment manufacturers, enabling them to integrate wireless power transfer into their products across various sectors, including consumer electronics, industrial applications, and military uses.

Joe Benz JD

CEO and Board Member

Denis M. Murphy

CFO

1 past transactions

Qualcomm Halo

Acquisition in 2019
Qualcomm Halo specializes in wireless electric vehicle charging (WEVC) technology, aiming to facilitate the widespread adoption of electric vehicles. The company's innovative approach employs inductive charging, allowing electricity to be transferred wirelessly through the air between magnetic coils installed in the roadway and those fitted to electric vehicles. This technology is designed to enhance convenience for users and streamline the charging process, thereby supporting the transition to electric mobility on a larger scale. By simplifying the charging experience, Qualcomm Halo seeks to contribute significantly to the growth of the electric vehicle market.
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