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WiTricity, the industry pioneer in efficient wireless power transfer over distance, today announced it has closed a $34 million investment round. Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas). The infusion of capital will enable WiTricity to continue its leading-edge wireless power platform development, expand its intellectual property portfolio, and capitalize on the commercial momentum for wireless charging for electric vehicles (EVs) and in the broader mobility market.


“The mobility industry is at a remarkable inflection point. As automakers increasingly prioritize electrification, the industry seeks to improve the EV ownership experience. Our wireless charging shifts the act of charging to the background—just park and it charges. We have been working with the automotive industry for over a decade to make this a reality.

The new financing round validates our market position and vision for a future of wirelessly charged mobility. The expanding EV market is now ready, industry standards are set, and we’re excited to bring the wireless charging experience to customers.”


Alex Gruzen, CEO, WiTricity


Additional information can be found in the WinTricity Press release.