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

Alex Gruzen

CEO

Denis M. Murphy

CFO

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 enables the transfer of electricity through the air between magnetic coils embedded in the road and those installed in the vehicle. This innovative approach eliminates the need for physical connectors, providing a convenient and efficient charging solution that supports the growing demand for electric mobility. By focusing on this advanced charging technology, Qualcomm Halo seeks to enhance the infrastructure for electric vehicles and contribute to a more sustainable transportation future.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.