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WiTricity Raises $34 Million in Venture Capital, Including Strategic Investment From Mitsubishi Corporation; Company building on global progress bringing wireless EV charging to market

Oct 29, 2020 - Business Wire
Board and Executive Moves-Mergers and Acquisitions-Investments

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 portf...