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WiTricity Corporation
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Short description

Provider of wireless energy transmission technology meant to power a wide range of household and industrial appliances

Founded in 2007
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Watertown, MA Watertown, United States
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Updated by Chuck Smith at WiTricity Corporation on 07/15/2014

Edited by Cleantech Group on 11/03/2022

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Date Company
08/13/2012

Efficient Power Conversion Corporation Efficient Power Conversion Corporation

EPC and WiTricity have jointly developed a high-efficiency wireless power demonstration system utilizing the high-frequency switching capability of gallium nitride transistors.

Confirmed by Efficient Power Conversion Corporation

Partnerships
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Date Partner Type
01/17/2023
VTT VTT
Partnership to support zero emission transportation through wireless charging systems .
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Confirmed by VTT
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IPO INFORMATION

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Date Investors Type Amount
08/10/2022 Siemens Siemens , Stage 1 Ventures Stage 1 Ventures , Delta Electronics Delta Electronics , Airwaves Wireless Electricity Airwaves Wireless Electricity , Japan Energy Fund Ventures Japan Energy Fund Ventures , Mirae Asset Financial Group Mirae Asset Financial Group (6)
Post-money valuation of
Funding, including $25 million from Siemens announced in June, will support the acceleration of commercialization for wireless EV charging and V2G technologies.
Growth Equity $63,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

WiT-2000M

enables charging of three devices simultaneously

Pilot/Early Revenue Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
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