WiTricity develops wireless charging systems for electric vehicles using magnetic resonance technology, allowing vehicles to charge automatically when parked over ground-based pads. This eliminates the need for plug-in charging, reducing operational costs and enhancing the user experience for both passenger and commercial EVs.
Funding
$63M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SFounders
Product
Problem
Electric vehicle (EV) charging is often inconvenient due to the need for manual plug-in connections, leading to potential safety hazards, wear and tear on charging cables, and increased operational costs, especially for commercial fleets. Existing plug-in systems can also suffer from lower uptime and space inefficiencies.
Solution
WiTricity develops wireless charging solutions for EVs, utilizing magnetic resonance technology to enable automatic charging when vehicles are parked over ground-based charging pads. This eliminates the need for cables, simplifying the charging process and enhancing the user experience. The system is designed to be as fast and efficient as plug-in charging, while also being safe, easy to maintain, and functional in various weather conditions. WiTricity's technology supports autonomous vehicle applications and vehicle-to-grid (V2G) capabilities, preparing fleets for future demands.
Target Audience
The primary target audience includes EV fleet operators seeking to reduce operational costs and improve vehicle uptime, as well as automotive manufacturers looking to offer a convenient charging experience to EV owners.
Features
- Magnetic resonance technology for efficient wireless power transfer.
- Ground-based charging pads that initiate charging automatically upon parking.
- Scalable charging solutions suitable for passenger cars, commercial fleets, and autonomous vehicles.
- Automotive-grade design and manufacturing capabilities.
- Support for dense-pack parking to maximize available real estate.
- Lower maintenance requirements compared to plug-in systems, leading to higher uptime.
- Compatibility with golf carts, low-speed electric vehicles, and NEVs.