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WiTricity

WiTricity designs, develops and manufactures wireless charging systems for electric vehicles. Read more

WITRICITY TOP COMPETITORS OR ALTERNATIVES

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Momentum Dynamics is perceived as one of WiTricity's biggest rivals. Momentum Dynamics is headquartered in Malvern, Pennsylvania, and was founded in 2009. Like WiTricity, Momentum Dynamics also operates in the Computers, Peripherals, Networking and Electronic Equipment industry. Momentum Dynamics generates 57% the revenue of WiTricity.

Ossia is one of WiTricity's top competitors. Ossia is a Private company that was founded in 2008 in Bellevue, Washington. Ossia operates in the Electrical Components & Equipment industry. Compared to WiTricity, Ossia has 25 fewer employees.

Powermat has been one of WiTricity's top competitors. Powermat was founded in 2006 in Petah Tikva, Center District. Like WiTricity, Powermat also works within the Computers, Peripherals, Networking and Electronic Equipment industry. Powermat generates $2.5M more revenue than WiTricity.

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Growth Score - 1/1

Is $14M a good estimate for WiTricity's revenue?

WiTricity Acquisitions

No recent acquisitions found related to WiTricity

WiTricity Funding History

Since WiTricity was founded in 2007, it has participated in 6 rounds of funding. In total WiTricity has raised $84.0M. WiTricity's last funding round was on Feb 2021 for a total of $18.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Venture Round
Feb 2021
$18M

Future Shape

Venture Round
Oct 2020
$34M
Debt - PPP (CARES Act)
May 2020
$1M - $2M
Series E
Oct 2013
$25M
Series A
Oct 2008
$4M
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Since WiTricity was founded in 2007, it has participated in 6 rounds of funding. In total WiTricity has raised $84.0M. WiTricity's last funding round was on Feb 2021 for a total of $18.0M

WiTricity Investments

No recent investments found related to WiTricity

WiTricity News

December 4, 2020Telecompaper

WiTricity licenses wireless charging technology to Thailand's Delta

(Telecompaper) WiTricity, a provider of wireless power transfer over distance, has licensed its wirel... See more »
November 4, 2020Charged EVs

Wireless charging provider WiTricity raises $34 million in venture capital

Wireless power transfer specialist WiTricity has closed a $34-million investment round. Stage 1 Ventu... See more »
November 1, 2020Global University Venturing

WiTricity gets $34m transmission - Global University Venturing

Stage 1 Ventures led the latest round for the wireless charging technology provider, a spinout of Mas... See more »
October 30, 2020Venture Capital Journal

WiTricity inks $34m

Watertown, Massachusetts-based WiTricity, a provider of wireless power transfer solutions, has secure... See more »
October 30, 2020Green Car Congress

WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

Wireless power transfer pioner WiTricity closed a $34-million investment round. Stage 1 Ventures led ... See more »
June 12, 2020Zephyr Net

Lumen Freedom, WiTricity Enter Technology Licensing Agreement

WiTricity, a company that specializes in wireless power transfer over distance, and Lumen Freedom, an... See more »
June 11, 2020Telematics Wire

Lumen Freedom to use WiTricity technology for electric vehicle wireless charging

WiTricity and Lumen Freedom announced they have entered into a technology licensing agreement. The ag... See more »

WiTricity Blogs

February 11, 2019WiTricity Blog

WiTricity Acquires Qualcomm Halo

Deal Unifies Technology Platforms to Accelerate Wireless Electric Vehicle (EV) Charging Adoption; Qua... See more »
February 11, 2019WiTricity Blog

WiTricity Is Buying Qualcomm Halo's Wireless Electric Car Charging Tech

Sebastian Blanco Contributor Transportation Wireless electric vehicle charging is the ideal technolog... See more »
December 12, 2018WiTricity Blog

WiTricity Wireless Charging Featured in Honda's Vehicle-to-Grid Energy Management System

Honda V2G will create value for Honda owners and electric utilities, and will debut at the 2019 Consu... See more »
December 4, 2018WiTricity Blog

WiTricity Wins Inaugural Autonomous Vehicle Technology ACES Award

Wireless charging technology recognized for its innovations in the electric, autonomous vehicle space... See more »
October 25, 2018WiTricity Blog

Is Wireless Charging for Cars Finally Here?

The Massachusetts startup WiTricity has developed a mat that charges electric vehicles using magnetic... See more »
October 22, 2018WiTricity Blog

Witricity Bring Wireless Electric Charging to Automobiles

NECN, This week in business: Witricity CEO Alex Gruzen talks about the company's work to create wirel... See more »
October 16, 2018WiTricity Blog

Anjie Wireless Licenses WiTricity Technology for China Electric Vehicle Market

Wireless charging expected to play significant role in China EV deployment Watertown, Mass., U.S.A. -... See more »

WiTricity Press Releases

November 1, 2017Business Wire

DAIHEN to Supply Wireless Charging Stations for Electric Vehicles

WATERTOWN, Mass.--(BUSINESS WIRE)--DAIHEN is supplying wireless charging stations for electric vehicl... See more »
January 6, 2017Blackbird

Dell Incorporates WiTricity's Magnetic Resonance Technology in World's First Wireless Charging 2-in-1 Notebook

WATERTOWN, Mass.-(BUSINESS WIRE)-WiTricity today announced that Dell's Latitude 7285, the industry's ... See more »
December 15, 2016Business Wire

Efficient Power Conversion and ASD Technology Ltd. Leverage WiTricity Wireless Charging Reference Design On Display at CES 2017

EL SEGUNDO, Calif.--(BUSINESS WIRE)--#CES2017--Wireless charging systems resulting from the WiTricity... See more »
November 3, 2016Business Wire

DAIHEN Shipping Industrial Robotics Solutions, Powered by WiTricity's Wireless Charging Technology

WATERTOWN, Mass.--(BUSINESS WIRE)--WiTricity today announced that DAIHEN Corporation has begun commer... See more »
September 14, 2016Business Wire

WiTricity Bolsters Leadership Team to Expand Semiconductor Offering

WATERTOWN, Mass.--(BUSINESS WIRE)--WiTricity announced Mayur Mehta as VP of semiconductor products, a... See more »
June 28, 2016Business Wire

WiTricity Drives EV Interoperability with New 11 kW Wireless Charging System

WATERTOWN, Mass.--(BUSINESS WIRE)--WiTricity announced the auto industry's most efficient and flexibl... See more »
May 31, 2016Business Wire

Systech Electronics Licenses WiTricity Technology to Offer Wireless Charging Solutions to Consumer Electronics Customers

BOSTON & TAIPEI, China--(BUSINESS WIRE)--WiTricity, the industry pioneer in wireless power transfer o... See more »

WiTricity Videos

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WiTricity Headquarters

57 Water Street

Watertown, Massachusetts02472

617-926-2700

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WiTricity Summary

ABOUT

Overview

WiTricity designs, develops and manufactures wireless charging systems for electric vehicles. WiTricity was founded in 2007. WiTricity's headquarters is located in Watertown, Massachusetts, USA 02472. It has raised 84.0M in 6 rounds. The latest round ...

CEO

WiTricity's CEO, Alex Gruzen, currently has an approval rating of 76%. WiTricity's primary competitors are Momentum Dynamics, Ossia & Powermat.

Frequently Asked Questions about WiTricity

  1. When was WiTricity founded?

    WiTricity was founded in 2007
  2. Who is WiTricity's CEO?

    WiTricity's CEO is Alex Gruzen
  3. How much revenue does WiTricity generate?

    WiTricity generates $14M in revenue
  4. How much funding does WiTricity have?

    WiTricity has historically raised $84M in funding
  1. Where is WiTricity's headquarters?

    WiTricity's headquarters is in Watertown Massachusetts, USA
  2. How many employees does WiTricity have?

    WiTricity has 80 employees
  3. What sector does WiTricity operate in?

    WiTricity is in Computers, Peripherals, Networking and Electronic Equipment
  4. Who are WiTricity's competitors?

    WiTricity's top competitors are Momentum Dynamics, Ossia, Powermat