WiTricity Raises $34 Million in Venture Capital, Including Strategic Investment From Mitsubishi Corporation
Amount Raised
$34 Million
Round Type
Corporate Round
WatertownEnergyHardwareSustainabilityMobileTransportationDescription
WiTricity, the industry pioneer in efficient wireless power transfer over distance, today announced it has closed a $34 million investment round. Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas). The infusion of capital will enable WiTricity to continue its leading-edge wireless power platform development, expand its intellectual property portfolio, and capitalize on the commercial momentum for wireless charging for electric vehicles (EVs) and in the broader mobility market.
Quick answer
Wi Tricity raised $34 Million in a Corporate Round round, dated October 29, 2020. Wi Tricity is based in Watertown, South Dakota, United States.
- How much did Wi Tricity raise?
- Wi Tricity raised $34 Million in a Corporate Round round on October 29, 2020.
- What does Wi Tricity do?
- WiTricity is the trailblazer in wireless charging for electric vehicles, leading the development and implementation of magnetic resonance technology across passenger and commercial vehicles alike.
- Where is Wi Tricity based and how big is it?
- Wi Tricity is based in Watertown, South Dakota, United States.
- Who are the decision-makers at Wi Tricity?
- Fundz holds 1 contact at Wi Tricity, including the Program Chair. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Hardware around the same time
Companies in the same sectors as Wi Tricity that raised within 45 days of this round, from Fundz verified event records.
- Better Earth raised $14K (Pre-Seed) on December 10, 2020.
- Aurora Solar raised $50M on November 27, 2020.
- UGI raised an undisclosed amount on November 20, 2020.
- Better Earth raised $28K (Pre-Seed) on November 12, 2020.
- Yotta Energy raised $5M (Seed) on November 10, 2020.
- Erthos raised $1.9M (Seed) on October 6, 2020.
Who to call at Wi Tricity, and when
A new round usually means Wi Tricity is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Wi Tricity raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Wi Tricity, from your own LinkedIn network
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Related People
Wi Tricity raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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