When was InductEV founded?

InductEV was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is InductEV located?

InductEV is headquartered in Malvern, United States. It is registered at Malvern, Pennsylvania.

How many employees does InductEV have?

As of Sep 30, 2026, the latest employee count at InductEV is 30.

Is InductEV a funded company?

InductEV is a funded company, having raised a total of $32.9M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 09, 2011.

When was the latest funding round of InductEV?

InductEV's latest funding was a $***** Conventional Debt round on Apr 11, 2022, with participation from 0 investor.

Where does InductEV rank among its competitors?

InductEV ranks 3rd amongst 255 active competitors, of which 59 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Solace Power, which secured $10.3M in Feb, 2026.

Who are the top competitors of InductEV?

InductEV's top competitors include Energous, WiTricity and ElectReon. Among them, Solace Power secured the most recent funding round in February, 2026.

InductEV - 2026 Company Profile, Team, Funding & Competitors

InductEV is an acquired company based in Malvern (United States), founded in 2011. It operates as a Provider of wireless charging solutions for transit and port fleet vehicles. InductEV has raised $32.9M in funding from Volvo Group and The Martin Group. The company has 255 active competitors, including 59 funded and 11 that have exited. Its top competitors include companies like Energous, WiTricity and ElectReon.

Company Details

Provider of wireless charging solutions for transit and port fleet vehicles. The company designs wireless chargers and software for electric vehicle charging. It offers wireless power transfer technology for high-duty cycle operations. The company's solutions aim to extend battery life and reduce electricity bills.

Website: inductev.com
Email ID: *****@inductev.com
Phone Number: +1 **********
Registered Address: Malvern, Pennsylvania

Key Metrics

Founded Year

2011

Location

Malvern, United States

Stage

Acquired

Total Funding

$32.9M in 10 rounds

Latest Funding Round

Conventional Debt, Apr 11, 2022, $*****

Investors

Volvo Group & 3 more

Ranked

3^rd among 255 active competitors

Employee Count

30 as on Sep 30, 2026

Similar Companies

X-Charge & 43 more

Exit Details

Acquired by ElectReon (Mar 10, 2026)

View InductEV's full profile

InductEV is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Momentum Dynamics Corporation CIN: 270965163 , United States, Active	Sep 16, 2009	-	63 (As on Dec 31, 2024)	-

InductEV got acquired by ElectReon on Mar 10, 2026.

Click here to take a look at InductEV's acquisition in detail

InductEV has raised a total funding of $32.9M over 10 rounds. Its first funding round was on May 09, 2011. InductEV has 4 institutional investors.

Here is the list of recent funding rounds of InductEV:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 11, 2022	1014174	Conventional Debt	8025031	5937941	8174780	5108738
Dec 02, 2021	1653113	Conventional Debt	5407800	6531731	7927784	8273094
Jul 10, 2019	7546672	Series C	1193356	2570618	8703277	9874413

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View details of InductEV's funding rounds and investors

InductEV's employee count trend

InductEV has 30 employees as of Sep 26. Here is InductEV's employee count trend over the years:

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Top competitors of InductEV include Energous, WiTricity and ElectReon. Here is the list of Top 10 competitors of InductEV, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Energous 2012, San Jose (United States), Public	Provider of RF-based charging solutions	$5.5M	Herald Investment Management, MDB Capital ... & 2 others	66/100
2nd	WiTricity 2007, Watertown (United States), Series G	Magnetic resonance-based wireless charging solutions for electric vehicles	$146M	Foxconn Electronics, Future Shape & 19 others	62/100
3rd	InductEV 2011, Malvern (United States), Acquired	Provider of wireless charging solutions for transit and port fleet vehicles	$32.9M	Volvo Group, DeSimone Group Investments & 2 others	59/100
4th	ElectReon 1992, Tel Aviv Yafo (Israel), Public	Developer of wireless charging technology	-	Migdal Group, Psagot Investment House & 4 others	58/100
5th	Solace Power 2007, Mount Pearl (Canada), Series C	Offering wireless charging infrastructure using Resonant Capacitive coupling	$19.8M	Boeing, Lockheed Martin & 2 others	56/100
6th	Reach 2014, Redwood City (United States), Series B	Online platform offering wireless energy solutions	$39.1M	DCVC, Y Combinator & 15 others	56/100
7th	Ossia 2008, Bellevue (United States), Series C	Provider of wireless charging solution	$54.6M	KDDI Open Innovation Fund, ENEOS Group & 11 others	56/100
8th	Eggtronic 2012, Modena (Italy), Series B	Manufacturer of charging accessories	$30M	Rinkelberg Capital, European Investment Bank ... & 5 others	56/100
9th	Powermat 2006, Petah Tikva (Israel), Series B	Provider of induction-based wireless charging solutions	$108M	Hudson Clean Energy Partners, Goldman Sachs ... & 13 others	55/100
10th	Salcomp 1975, Salo (Finland), Acquired	Manufacturer of power supplies for electronic devices	-	AP6, Nordstjernan	54/100