About Powermat
Powermat is a company based in Petah Tikva (Israel) founded in 2006 by Ran Poliakine.. Powermat has raised $107.5 million across 7 funding rounds from investors including Goldman Sachs, General Motors and Foxconn Interconnect Technology. Powermat has completed 1 acquisition, including PowerKiss. Powermat operates in a competitive market with competitors including Resonant Link, WiBotic, Salcomp, NuCurrent and Eggtronic, among others.
- Headquarter Petah Tikva, Israel
- Founders Ran Poliakine
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Powermat, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$107.5 M (USD)
in 7 rounds
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Latest Funding Round
$25 M (USD), Series B
Dec 15, 2021
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Investors
Goldman Sachs
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Powermat
Powermat has successfully raised a total of $107.5M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in December 2021. 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 — $25.0M
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First Round
First Round
(06 Jan 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Powermat | Valuation | Foxconn Interconnect Technology , Hudson Sustainable Investment Management |
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| Jun, 2016 | Amount | Series B - Powermat | Valuation | Hudson Clean Energy Partners |
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| May, 2013 | Amount | Series B - Powermat | Valuation |
investors |
| 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 Powermat
Powermat has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, General Motors and Foxconn Interconnect Technology. 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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Sustainable investments are managed by this investment firm.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Manufacturer of electronic components
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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 Powermat
Powermat has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PowerKiss. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wireless charging system
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Powermat
| 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 |
Powermat Comparisons
Competitors of Powermat
Powermat 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 Resonant Link, WiBotic, Salcomp, NuCurrent and Eggtronic, 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 |
Wireless charging solutions are provided via self-resonant structure technology.
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| domain | founded_year | HQ Location |
Wireless charging solutions for industrial robots are provided.
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| domain | founded_year | HQ Location |
Power supplies for mobile phones and electronic devices are manufactured.
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| domain | founded_year | HQ Location |
High-efficiency antennas for wireless charging are developed and supplied.
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| domain | founded_year | HQ Location |
Semiconductor-based wired and wireless chargers are manufactured by Eggtronic.
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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 Powermat
Frequently Asked Questions about Powermat
When was Powermat founded?
Powermat was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Where is Powermat located?
Powermat is headquartered in Petah Tikva, Israel. It is registered at Petah Tikva, Central District, Israel.
Who is the current CEO of Powermat?
Kfir Abuhatzira is the current CEO of Powermat.
Is Powermat a funded company?
Powermat is a funded company, having raised a total of $107.5M across 7 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Jan 06, 2011.
What does Powermat do?
Provider of induction-based wireless charging solutions. While customers use its app to charge their phones, businesses can send targeted and contextual information and updates to people on the go. It helps retailers to integrate charging spots at their stores. They have expertise in retrofit installations and their custom tools can drill into a wide range of surface types or countertops. The customer engagement platform monitors all charging spots across different locations. With the data gathered, retailers can derive fruitful analytics. Retailers can contact PowerMat to become a mobile-optimized venue. It also develops charging mats for devices. Apart from retailers, other users include universities, airports, and restaurants.
Who are the top competitors of Powermat?
Powermat's top competitors include NuCurrent, Salcomp and ChargeSpot.
How many acquisitions has Powermat made?
Powermat has made 1 acquisition, including PowerKiss.
Who are Powermat's investors?
Powermat has 6 investors. Key investors include Goldman Sachs, General Motors, Foxconn Interconnect Technology, Hudson Sustainable Investment Management, and Hudson Clean Energy Partners.
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