About PowerLight
PowerLight is a company based in Kent (United States) founded in 2007.. PowerLight has raised $16.31 million across 7 funding rounds from investors including Space Angels. PowerLight offers products and services including Wireless Power Beaming and Aerial Recharging System. PowerLight operates in a competitive market with competitors including EMROD, Reach and Viziv Technologies, among others.
- Headquarter Kent, United States
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Powerlight Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.31 M (USD)
in 7 rounds
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Latest Funding Round
$260 K (USD), Series B
Aug 25, 2025
- Investors
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Employee Count
Employee Count
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Products & Services of PowerLight
PowerLight offers a comprehensive portfolio of products and services, including Wireless Power Beaming and Aerial Recharging System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers power wirelessly using lasers for drones and devices.
Recharges unmanned aerial systems in flight for extended operations.
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Funding Insights of PowerLight
PowerLight has successfully raised a total of $16.31M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $260 thousand completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $260,000
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First Round
First Round
(06 Nov 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series B - PowerLight | Valuation |
investors |
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| Jul, 2024 | Amount | Series B - PowerLight | Valuation |
investors |
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| Feb, 2021 | Amount | Series A - PowerLight | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PowerLight
PowerLight has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Space Angels. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm focused on early stage investments in the space economy
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PowerLight
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PowerLight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Powerlight Comparisons
Competitors of PowerLight
PowerLight operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EMROD, Reach and Viziv Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Long-range wireless power transmission equipment is developed.
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| domain | founded_year | HQ Location |
Wireless power solutions are developed by Reach for multiple industries.
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| domain | founded_year | HQ Location |
Wireless power transmission solutions are provided using surface wave systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Powerlight
Frequently Asked Questions about PowerLight
When was PowerLight founded?
PowerLight was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is PowerLight located?
PowerLight is headquartered in Kent, United States. It is registered at Kent, Washington, United States.
Who is the current CEO of PowerLight?
Richard Gustafson is the current CEO of PowerLight.
Is PowerLight a funded company?
PowerLight is a funded company, having raised a total of $16.31M across 7 funding rounds to date. The company's 1st funding round was a Series A of $4.03M, raised on Nov 06, 2009.
What does PowerLight do?
PowerLight is developing wireless power delivery systems using laser beams to transmit electricity without wires, for applications. They have developed a two-part hardware system, consisting of a transmitter and a receiver. The mobile transmitter is capable of delivering tens to thousands of watts of DC power to electric drones (fixed wing or VTOL), over a distance of hundreds of feet to miles away. This ground-to-air recharging will both power the drone and charge the on-board battery while in flight. The transmitter may be based in an SUV, van or other mobile platform or on a static platform or building. The receiver is mounted on the drone and tied into its power system. Winner of 2009 NASA-sponsored Power Beaming competition.
Who are the top competitors of PowerLight?
PowerLight's top competitors include Reach, EMROD and Viziv Technologies.
What products or services does PowerLight offer?
PowerLight offers Wireless Power Beaming and Aerial Recharging System.
Who are PowerLight's investors?
PowerLight has 1 investor. Key investors include Space Angels.
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