WiTricity
Wireless Charging
Meet WiTricity
- The leader in bringing wireless EV charging solutions to the mainstream market
- $175 MM of capital raised
- Driver and basis of key industry standards necessary for widespread adoption
- Implemented at key automotive OEMs • Systems available starting in 2023
- Established technology leadership
- Superior magnetic resonance technology
- Full suite of automotive-grade software
- Strong IP portfolio of 1,250+ patents
- Market-ready solutions
- Fleets and consumers
- On- and in-ground charging
US Government is Strongly Behind Wireless EV Charging
FY23 Appropriations
- USG support and funding for EVs and related infrastructure remains a priority
- Significant dollars and opportunities for wireless EV infrastructure programs and dollars with robust, bipartisan support in both House & Senate
NDAA
- Deputy Assistant Secretary of Defense for Environment and Energy Resilience must brief House Committee on Armed Services not later than February 1, 2023, on efforts to deploy wireless electric vehicle charging infrastructure at defence installations
- Wireless EV charging achieved official definition within FY23 NDAA, via Representative Brenda Lawrence
Inflation Reduction Act
- Strong positive outcomes from the Inflation Reduction Act – Passed in House and Senate
- $3 B for purchase of USPS zero-emission vehicles and requisite infrastructure purchase, design, and installation
- High investment in EV tax credits → leads to more EV chargers in the future
Department of Transportation
- Bipartisan Infrastructure Law allocates $7.5 B for EV charging – wireless expected to play a key role in deployments
EV Charging Landscape
Level 2 Charging
Positives
- Most common method of charging
- Familiar to consumers
Negatives
- May require electrical work for installation
- Prone to component failure and vandalism
- Impacted by adverse weather conditions
- No single type of connector
- Inaccessible for disabled drivers
Use Cases
- Public charging stations
- Commercial (work) offices
- Home charging
Direct Current Fast Charging (DCFC)
Positives
- Fastest method of charging
Negatives
- Very expensive to install and to use
- Impractical for widespread adoption
- Very demanding on power grid
- Damages EV battery systems
- Same accessibility issues as L2 Charging for the disabled populace
Use Cases
- Highway corridors for distance travel
- Fleet charging for vehicles that require very high uptime
