WiTricity Extends Recent Funding for a Total of $52M
WiTricity, the company wirelessly charging the future of mobility, announced an additional $18 million to its previously announced October fund raise of $34 million for a total of $52 million. The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell also joins WiTricity’s newly formed Board of Advisors.
Stage 1 Ventures led the first tranche of $34 million with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation(Americas).
As global automakers race to support both consumer and government-generated demand for zero-emissions vehicles, they are also developing wireless charging capabilities that will improve the owner experience. Many of the world’s top automakers and their Tier 1 suppliers have licensed WiTricity’s technology, including Toyota, Mahle, TDK, IHI, Shindengen, Daihen, Aptiv, Anjie Wireless, Yura, VIE, Green Power, and Lumen Freedom. The technology can already be seen in action with McLaren’s Speedtail Hyper-GT and the BMW 530e iPerformance.
“With EVs we traded pumping gas with a dirty, heavy hose for pumping electrons with a dirty, heavy charging cable? That’s not revolutionary! Why can’t you just park anywhere—at home, at work, out shopping—and charge without plugging in?! WiTricity has created the global standard for high-efficiency wireless charging. WiTricity’s patented tech is being deployed worldwide in cars, buses, bikes, and robots.”
WiTricity’s technology enables a hands-free and efficient charging experience for EV drivers. The company envisions a not-too-distant future when dynamic charging will support moving vehicles (from taxi queues to roadways), and autonomous vehicles and robots will charge without human intervention. These advancements depend on WiTricity’s wireless power transfer innovation and patented magnetic resonance technology.
As the company readies for the transition from technology and standards development to broad market adoption, WiTricity has secured advisory support from several of the world’s leading authorities on designing consumer experiences, building leading edge technology, and monetizing intellectual property. The new Advisory Board includes:
“These investments enable WiTricity to capitalize on the incredible commercial momentum for electric vehicle adoption globally. With the global standard set for EV wireless charging, and automaker launches imminent, wireless charging should become a primary feature of EVs coming to market in the next design cycle. As you layer in the growing demand for autonomy in both transportation and industrial settings, wireless charging will become not just a convenience, but a key component of mobility. As we ready for mass-market adoption, we’re excited to bring on a Board of Advisors who bring important insights and opportunities to WiTricity.”
This article was originally published by WiTricity Corporation.
Siemens and MAHLE have signed a letter of intent to see how they could work together to make inductive charging systems more standardised.
Although electric vehicles are often seen as a simple solution for reducing emissions from transport, this hype is arguably not the reality.
Today, transport operators can have access to all the data required to build data-informed transport networks.
Navya has partnered with the Minnesota Department of Transportation, AECOM, and the city of White Bear Lake to deploy an autonomous shuttle.
Italy has launched its first General Plan of Cycling Mobility, which includes an investment of 1.2 billion EUR.
The city of Sharjah is actively developing the next level of intelligent traffic management capabilities together with Kapsch TrafficCom.
Padam Mobility works to better communicate and optimise the estimated travel times for its on-demand and paratransit services.
The venture building program ATOM Mobility Hub is helping ambitious entrepreneurs to build mobility ventures from zero.
Padam Mobility and Hacon have developed a mobility app for the southwest of France, which maps the entire mobility offer in the region.
Argo AI has established the Argo Safety Advisory Council to provide advice on safety practices and policies for its autonomous operations.
A recent article in Wired highlighted the gender gap that currently exists in electric vehicles: WiTricity sheds light on the subject.
Hyundai has unveiled its HMG Smart City master model which incorporates underground autonomous mobility and advanced air mobility solutions.
MaaS can play a part in addressing some of the bigger societal issues set out by the UN's Sustainable Development Goals.
The UK government has published an update on its Transport Decarbonisation Plan, outlining its commitments to reducing GHG emissions.
NY Waterway has unveiled its first retrofitted ferry, which will provide greener transport on the Hudson River.
Keolis aims to partner with on-demand transport specialist, Padam Mobility, to take the Lyon autonomous shuttle service to the next level.
Ford has developed a hands-free robot charging station for electric vehicles (EV) that can be operated via the driver's smartphone.
SIMOUV has awarded Keolis a contract to operate and enhance its multimodal public transport network in Valenciennes, France.
NZ Post has added New Zealand's first hydrogen truck to its delivery fleet thanks to its collaboration with Hyundai Motors New Zealand.
ZapBatt has partnered with Toshiba to create a more efficient and economical battery for micromobility vehicles using LTO cells.
Future Mobility will take place at UK House: The Commonwealth Business Hub, during the 2022 Commonwealth Games on Thursday 4 August.
The Underbody Charger from Schunk is designed to allow efficient, safe and autonomous charging of electric vehicles in just a few minutes.
Japan Post has announced plans to install InnovizOne LiDAR sensors on its postal delivery vehicles to enable autonomous driving.
The current regulatory framework creates barriers to adapting fleets for use as multi-operator demand-responsive transport.
e-Scooter ridership is generally higher among males compared to females, so many operators are working to bridge this sex gap.
Helbiz is expanding its operations into Australia through a partnership with Logan City Council in Queensland.
London Fire Brigade is working with Emergency One to deploy the UK's first hybrid-electric fire engine, the ZEPA1.
TIER has announced that it will pilot its latest Internet of Things (IoT) module, 'Parrot' on 60 e-scooters in London.
Amidst a global weather crisis, vehicle-to-grid (V2G) technology is seemingly becoming more and more important.
MS Medstraum, the world’s first fully electric zero-emission high-speed ferry is ready to start operations from Stavanger, Norway.
Miraflores is the first city to launch a comprehensive Smart City project in Peru, featuring technology developed by Kapsch TrafficCom and Cibernos.
Hitachi Rail has launched its 360Pass smart ticketing app to digitally connect transport using Bluetooth sensors in Genoa, Italy.
The 6th Annual Ticketing Innovations Summit will take place in Berlin on 19-20 September. Ticketing, pricing and passenger experience.
Geotab has unveiled a new report examining progress amongst local authorities in England making the transition to Electric Vehicles (EVs).
The UK Business Secretary has announced £273m for low-carbon aerospace innovation, including solar powered aircraft and medical drones.
TIER has partnered with superapp enabler, Splyt to allow urban citizens to conveniently access TIER's fleet of shared electric vehicles.
The Arizona Department of Transportation has selected AECOM to develop a plan for the statewide deployment of EV charging stations.
If you're looking to fund your vehicle-sharing business, crowdfunding might be one of the options worth taking into consideration.
The Tallinn Transport Department and Auve Tech have launched an autonomous shuttle service in the Mustamäe district of Tallinn, Estonia.
HumanForest has launched London's first shared electric moped trial, targeting delivery drivers as ICE mopeds are hugely popular in the city.
The Swedish Transport Administration has assigned Kapsch TrafficCom to build a new Multi-Lane Free-Flow system (MLFF) in Gothenburg, Sweden.
Operators Transbus and Transcal have become the latest Rio Grande do Sul companies to sign up to use Optibus’ software.
Helbiz is releasing its AI-powered HelmetChecker tool to help operators meet compliance requirements and increase the safety of their riders.
For 2022, InnoTrans has announced the launch of a Mobility+ exhibition focused on supplementary mobility solutions.
Volocopter has partnered with Singapore’s Institute of Technical Education to launch a VoloCity public exhibition.
Connecticut Transportation Institute is planning an autonomous vehicle test and research facility at the University of Connecticut (UConn).
Neuron has implemented its ‘brain’ within e-scooters in Ottawa, making it the first city to benefit from the technology for its entire fleet.
After implementing a telematics solution from Geotab, DB Regio Bus, created significant cost savings and fleet sustainability improvements.
Autoliv and POC are developing bicycle and e-bike helmets equipped with airbag technology to improve cyclist safety.
As summer sets in, InstaVolt shares it's top tips for an easy breezy summer for you and your electric vehicle.
Metro has celebrated the groundbreaking of a new 5.5-mile path that will connect cyclists and pedestrians with transport services across LA.
Network Rail has partnered with APCOA and Compleo to install 450 electric vehicle (EV) charging points at UK railway stations.
Link Transit reported that the operating cost of its electric fleet is about 51% of a diesel-fueled bus, thanks to wireless chargers from Momentum Dynamics.
Pivot Power has opened Europe’s most powerful electric vehicle charging hub at Oxford’s Redbridge Park and Ride.
Helbiz has announced a new collaboration with SNAV to promote multimodal travel by integrating e-scooter and ferry services in Naples, Italy.
The European Union Aviation Safety Agency (EASA) has become the first regulatory authority to publish rules for operating urban air taxis.
MaaS provider SkedGo will collaborate with Transport for Greater Manchester (TfGM) to help ease city congestion and encourage public transport use.
Volvo Group Venture Capital has announced a strategic investment in Optibus to advance bus electrification and the digitalisation of public transport.
Amazon has launched its first UK micromobility hub for e-cargo bikes, which will carry out more sustainable deliveries across Central London.
Paragon ID, provider of digital identification solutions, has acquired UrbanThings, a leading UK supplier of digital transport solutions.
TfL has completed major improvements on the roads around Hammersmith gyratory, unlocking a 5km cycleway from Kew Bridge to Hammersmith.
Cabify has launched Spain's first fleet of hydrogen-powered ride-hailing vehicles with four Toyota Mirai vehicles.
The European Commission has invested 5.4 billion EUR in 135 infrastructure projects across the EU to promote sustainable future transport.
EDF are launching a new, limited edition version of their GoElectric EV Tariff, with lower prices exclusively for Pod Point customers.
The sophisticated VoloIQ digital platform is set to harmonize Volocopter's operations and bring its UAM ecosystem to life.
Helbiz is continuing its US expansion by providing shared e-scooters in Tampa and increasing its fleets in Flint and Miami Lakes.
WiTricity has announced that it will exhibit at the North American International Auto Show (NAIAS) in Detroit in September 2022.
The Volkswagen Group and Siemens have invested 450 million USD in the Electrify America ultra-fast electric vehicle charging network.
Cisco and Ford CEOs discuss the role of technology in transforming the automotive industry and how people use their vehicles.
At Aurora, we strongly believe that safety must be at the core of autonomous vehicle development and deployment.
NASA’s Advanced Air Mobility mission is developing design tools to help manufacturers reduce noise impacts of future drones and air taxis.
e-Scooters offer a sustainable urban mobility solution that should be safely integrated into the UK's current transport network.
Germany is one of Europes’s most important transport hubs, making it an interesting candidate for Mobility as a Service (MaaS).
Aurrigo has trialed two autonomous shuttles at Alnwick Castle and Alnwick Gardens as part of a new study led by the CCAV and BritainThinks.
Finding suitable solutions for end-of-life batteries is pivotal, and the repurposing of batteries opens multiple opportunities for different energy players.
EVBox shares some of the findings from this year’s edition of the EVBox Mobility Monitor, a market research report on EV adoption.
UN Regulation No. 157 has extended the maximum speed limit for Automated Driving Systems (ADS) to 130 kilometres per hour.
Helbiz and Wheels have signed a letter of intent for Helbiz to acquire the Los Angeles-based micromobility platform by the end of this year.
Ipswich Buses will be one of the first UK operators to debut Optibus’ Operations product, in addition to implementing Optibus’ cloud-native software.
RMV and Deutsche Bahn have announced they will operate autonomous on-demand shuttles in the Rhine-Main region of Germany from 2023.
Air Nostrum Group has signed an aircraft reservation agreement with Hybrid Air Vehicles (HAV) for ten Airlander 10 hybrid aircraft.
Danfoss has announced that the electric ferry, Ellen has sailed more than 50 nautical miles on a single charge, setting a new world record.
At Global Mobility Call, Paul Álvarez Gentles, Madrid Regional Manager of Bolt, presented the potential of car clubs to replace private cars.
The first edition of Global Mobility Call addressed the role of mobility as a service (MaaS) in creating a sustainable transport industry.
Oxbotica is using advanced AI in the metaverse to accelerate the deployment of AV technology, reducing emissions generated by vehicles driving actual miles.
Using the latest technologies, cities can maximise the potential of urban waterways to develop sustainable and efficient transport networks.
Geotab has announced its collaboration with Renault to combine its vehicles' telematics capabilities with the MyGeotab fleet management platform.
Optibus introduces Operations, the first real-time solution for public transportation depot operations and the newest product in Optibus’ platform.
InstaVolt has received £110m in senior debt financing to continue its significant expansion of rapid EV charging infrastructure throughout the UK.
Lime has launched the Citra, a fully-motorised zero-emissions e-bike, which is being trialled in Long Beach, California.
Global Mobility Call was opened on 14 June by Raquel Sánchez, Minister of Transport for Spain, and José Vicente de los Mozos of IFEMA Madrid.
The UAE Ministry of Energy and Infrastructure has selected Siemens to provide a nationwide network of ultra-fast electric vehicle chargers.
An autonomous terminal tractor, fitted with EasyMile driverless technology, was successfully tested in mixed traffic terminal operations.
On June 8 2022 the new location of the Elaad Testlab in Arnhem, where EVBox charging stations will be tested, was officially opened.
Siemens makes strategic investment in WiTricity and licenses their technology for future wireless EV charging products.
Pod Point has partnered with BMW Group UK as a preferred home charger supplier for BMW's electric vehicles.
SkedGo believes that mobility as a service can change the face of mobility for the better and ultimately do public good.
Digital Charging Solutions GmbH is boosting the development of electromobility in Germany with the new CHARGE NOW charging service.
Waymo Via and Uber Freight are partnering to accelerate the rollout of autonomous trucks across the US and support the logistics industry.
Use the form opposite to get in touch with WiTricity directly to discuss any requirements you might have.