WiTricity - About the company
WiTricity is a series G company based in Watertown (United States), founded in 2007 by Marin Soljacic. It operates as a Magnetic resonance-based wireless charging solutions for electric vehicles. WiTricity has raised $146M in funding from investors like Siemens, Stage 1 Ventures and Delta Electronics.
Company Details
WiTricity offers magnetic resonance-based wireless charging solutions for electric vehicles. The system uses a single continuous magnetic field to transfer power at a significant range based on this methodology, it has has developed an electric vehicle charging solution that offers a power transfer rate of 3.6-11 kW. It offers a charging pad that needs to be installed on the ground. Users have to level their vehicle above the pod to charge the vehicles.
- Website
- witricity.com
- Social
- Email ID
- *****@witricity.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2007
Location
Watertown, United States
Stage
Series G
Total Funding
$146M in 10 rounds
Latest Funding Round
Ranked
1st among 2 active competitors
Employee Count
91 as on Feb 20, 2025
Similar Companies
Legal entities associated with WiTricity
WiTricity is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Witricity Corporation CIN: 261180424 , Belgium, Active | Sep 30, 2007 | - | 48 (As on Dec 31, 2021) | - |
HaloIPT Ltd. CIN: 3015020 , New Zealand, Active | Jul 20, 2010 | - | - |
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WiTricity's funding and investors
WiTricity has raised a total funding of $146M over 10 rounds. Its first funding round was on Nov 30, 2007. Its latest funding round was a Series G round on Jun 09, 2022 for $*****. 5 investors participated in its latest round. WiTricity has 21 institutional investors.
Here is the list of recent funding rounds of WiTricity:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 09, 2022 | 3389881 | Series G | 7778261 | 7024390 | 1541550 | 7523677 |
Feb 23, 2021 | 5861290 | Series F | 6888443 | 6903092 | 9001525 | 6959120 |
Oct 29, 2020 | 1329291 | Series F | 1939037 | 2337966 |
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WiTricity's founders and board of directors
Founder? Claim ProfileThe founders of WiTricity is Marin Soljacic.
Here are the details of WiTricity's key team members:
- Marin Soljacic: Co-Founder & Board Member of WiTricity and founder of 2 other companies, Lightelligence and Lightelligence. Contact Info: 1 email address
View details of WiTricity's Founder profiles and Board Members
WiTricity's employee count trend
WiTricity has 91 employees as of Feb 25. Here is WiTricity's employee count trend over the years:
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WiTricity's Competitors and alternates
Top competitors of WiTricity include Evatran. Here is the list of Top 10 competitors of WiTricity, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | WiTricity 2007, Watertown (United States), Series G | Magnetic resonance-based wireless charging solutions for electric vehicles | $146M | 62/100 | |
2nd |  Evatran 2009, Durham (United States), Unfunded | Provider of wireless electric vehicle charging system | - | - | 16/100 |
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WiTricity's Investments and acquisitions
WiTricity has made no investments or acquisitions yet.
Reports related to WiTricity
Here is the latest report on WiTricity's sector:
News related to WiTricity
Filter this listMedia has covered WiTricity for 1 event in last 1 year, It was about company updates.
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WiTricity Presents Wireless Charging for Electric Golf Carts and New Automaker at CESElectric Cars Report•Jan 11, 2024•WiTricity
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WiTricity Taps Denis Murphy as Chief Financial OfficerAftermarket News•Oct 19, 2023•WiTricity, Noble
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WiTricity wants to simplify vehicle integration of its charging systemselectrive.net•Jul 13, 2023•WiTricity
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Witricity and Abt E-Line to Offer Wireless Ev Charging for Volkswagen Id.4 in 2024Electric Cars Report•Mar 28, 2023•WiTricity, ABT e-Line
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WiTricity and ABT e-Line to Bring Wireless EV Charging to the Streets of EuropePR Newswire•Mar 23, 2023•ABT e-Line, WiTricity
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WiTricity wirelessly charges autonomous e-buses in claimed industry firstjust-auto•Feb 09, 2023•WiTricity, Yutong Bus
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WiTricity and VTT Join Forces to Aid Zero-Emissions TransportationGeospatial World•Jan 18, 2023•WiTricity, VTT
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