About Wireless Advanced Vehicle Electrification
Wireless Advanced Vehicle Electrification is a company based in Salt Lake City (United States) founded in 2011 was acquired by Ideanomics in January 2021.. Wireless Advanced Vehicle Electrification has raised $22.49 million across 12 funding rounds from investors including Ideanomics and Kickstart Fund. Wireless Advanced Vehicle Electrification offers products and services including Wireless Charging System and Charging Pads. Wireless Advanced Vehicle Electrification operates in a competitive market with competitors including WiTricity, Wiferion, Mojo Mobility, easE-Link and InductEV, among others.
- Headquarter Salt Lake City, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & 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 Wireless Advanced Vehicle Electrification, 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
$22.49 M (USD)
in 12 rounds
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Latest Funding Round
$2.61 M (USD), Series A
Aug 19, 2019
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Investors
Ideanomics
& 1 more
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Employee Count
Employee Count
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Acquired by
Ideanomics
(Jan 07, 2021)
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Products & Services of Wireless Advanced Vehicle Electrification
Wireless Advanced Vehicle Electrification offers a comprehensive portfolio of products and services, including Wireless Charging System and Charging Pads. 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 fast, hands-free charging to extend commercial EV range.
Embedded pads for high-power delivery in space-constrained environments.
Funding Insights of Wireless Advanced Vehicle Electrification
Wireless Advanced Vehicle Electrification has successfully raised a total of $22.49M across 12 strategic funding rounds. The most recent funding activity was a Series A round of $2.61 million completed in August 2019. 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 12
- Last Round Series A — $2.6M
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First Round
First Round
(26 Jun 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series A - Wireless Advanced Vehicle Electrification | Valuation |
investors |
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| May, 2019 | Amount | Series A - Wireless Advanced Vehicle Electrification | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - Wireless Advanced Vehicle Electrification | 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 Wireless Advanced Vehicle Electrification
Wireless Advanced Vehicle Electrification has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ideanomics and Kickstart Fund. 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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Venture capital funding is provided to early-stage startups.
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Founded Year | Domain | Location | |
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Electric vehicles are manufactured and distributed using blockchain technology.
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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 Wireless Advanced Vehicle Electrification
| 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 - Wireless Advanced Vehicle Electrification
| 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 |
Wireless Advanced Vehicle Electrification Comparisons
Competitors of Wireless Advanced Vehicle Electrification
Wireless Advanced Vehicle Electrification 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 WiTricity, Wiferion, Mojo Mobility, easE-Link and InductEV, 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 |
Magnetic resonance-based wireless charging for electric vehicles is developed.
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| domain | founded_year | HQ Location |
Wireless charging systems for electric vehicle stations are developed.
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| domain | founded_year | HQ Location |
Near-field technology is employed for wireless mobile device charging.
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| domain | founded_year | HQ Location |
Conductive self-charging technology for electric vehicles is developed.
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| domain | founded_year | HQ Location |
Wireless charging solutions are delivered via an AI platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Wireless Advanced Vehicle Electrification
Frequently Asked Questions about Wireless Advanced Vehicle Electrification
When was Wireless Advanced Vehicle Electrification founded?
Wireless Advanced Vehicle Electrification was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Wireless Advanced Vehicle Electrification located?
Wireless Advanced Vehicle Electrification is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Wireless Advanced Vehicle Electrification a funded company?
Wireless Advanced Vehicle Electrification is a funded company, having raised a total of $22.49M across 12 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $500K, raised on Jun 26, 2013.
What does Wireless Advanced Vehicle Electrification do?
Founded in 2011 and based in Salt Lake City, United States, the company operates in the electric vehicle charging sector. Proprietary inductive charging platforms, with power outputs from 50 kW to 250 kW, are provided for medium and heavy-duty vehicles, including buses up to 40 feet. Multiple projects have been executed to establish wireless infrastructure that extends vehicle range and supports reduced carbon emissions.
Who are the top competitors of Wireless Advanced Vehicle Electrification?
Wireless Advanced Vehicle Electrification's top competitors include Wiferion, Mojo Mobility and WiTricity.
What products or services does Wireless Advanced Vehicle Electrification offer?
Wireless Advanced Vehicle Electrification offers Wireless Charging System and Charging Pads.
Who are Wireless Advanced Vehicle Electrification's investors?
Wireless Advanced Vehicle Electrification has 2 investors. Key investors include Ideanomics, and Kickstart Fund.
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