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 Mar 31, 2026, the latest employee count at InductEV is 35.

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 8th amongst 245 active competitors, of which 56 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Wi-Charge, which secured $20M in May, 2025.

Who are the top competitors of InductEV?

InductEV's top competitors include Ossia, Wi-Charge and Energous. Among them, Wi-Charge secured the most recent funding round in May, 2025.

InductEV - 2026 Company Profile, Team, Funding & Competitors

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

8^th among 245 active competitors

Employee Count

35 as on Mar 31, 2026

Similar Companies

HEVO & 41 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	Documents
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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 11, 2022	7583539	Conventional Debt	8887609	2163918	6782179	8427244
Dec 02, 2021	2801416	Conventional Debt	9513899	2488157	7040055	4085867
Jul 10, 2019	2413165	Series C	9320975	8803921	2300739	4716005

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View details of InductEV's funding rounds and investors

InductEV's employee count trend

InductEV has 35 employees as of Mar 26. Here is InductEV's employee count trend over the years:

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Top competitors of InductEV include Ossia, Wi-Charge and Energous. 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	Ossia 2008, Bellevue (United States), Series C	Provider of wireless charging solution	$54.6M	KDDI Open Innovation Fund, ENEOS Group & 11 others	68/100
2nd	Wi-Charge 2010, Rehovot (Israel), Series C	Offering optical wireless charging solutions	$23M	Standard Industries, Keter Holdings & 23 others	63/100
3rd	Energous 2012, San Jose (United States), Public	Provider of RF-based charging solutions	$5.5M	Herald Investment Management, MDB Capital ... & 2 others	59/100
4th	ElectReon 1992, Tel Aviv Yafo (Israel), Public	Developer of wireless charging technology	-	Psagot Investment House, Migdal Group & 4 others	59/100
5th	WiBotic 2015, Seattle (United States), Series A	Provider of wireless charging solutions for industrial robots	$13.5M	SV Tech Ventures, The W Fund & 9 others	54/100
6th	GuRu 2017, Pasadena (United States), Series A	Provider of wireless charging solutions	$15M	Bold Capital Partners, Kairos Ventures & 2 others	54/100
7th	Salcomp 1975, Salo (Finland), Acquired	Manufacturer of power supplies for electronic devices	-	AP6, Nordstjernan	53/100
8th	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
9th	Powermat 2006, Petah Tikva (Israel), Series B	Provider of induction-based wireless charging solutions	$108M	Hudson Clean Energy Partners, Goldman Sachs ... & 13 others	52/100
10th	WiTricity 2007, Watertown (United States), Series G	Magnetic resonance-based wireless charging solutions for electric vehicles	$146M	Foxconn Electronics, Future Shape & 19 others	51/100