About WiTricity
WiTricity is a company based in Watertown (United States) founded in 2007 by Marin Soljacic.. WiTricity has raised $146 million across 10 funding rounds from investors including Foxconn Electronics, Siemens and Delta Electronics.
- Headquarter Watertown, United States
- Founders Marin Soljacic
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$146 M (USD)
in 10 rounds
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Latest Funding Round
$63 M (USD), Series G
Jun 09, 2022
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Investors
Foxconn Electronics
& 13 more
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Employee Count
Employee Count
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Funding Insights of WiTricity
WiTricity has successfully raised a total of $146M across 10 strategic funding rounds. The most recent funding activity was a Series G round of $63 million completed in June 2022. 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 10
- Last Round Series G — $63.0M
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First Round
First Round
(30 Nov 2007)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series G - WiTricity | Valuation | Siemens , Mirae Asset Capital Markets | |
| Feb, 2021 | Amount | Series F - WiTricity | Valuation | Future Shape |
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| Oct, 2020 | Amount | Series F - WiTricity | Valuation | Stage 1 Ventures |
| 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 WiTricity
WiTricity has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Foxconn Electronics, Siemens and Delta Electronics. 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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Founded Year | Domain | Location | |
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FutureShape is involved in shaping and building futures.
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Founded Year | Domain | Location | |
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Early-stage US companies are invested in by Stage 1 Ventures.
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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 WiTricity
| 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 - WiTricity
| 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 |
Witricity Comparisons
Competitors of WiTricity
| 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 Witricity
Frequently Asked Questions about WiTricity
When was WiTricity founded?
WiTricity was founded in 2007.
Where is WiTricity located?
WiTricity is headquartered in Watertown, United States.
Who is the current CEO of WiTricity?
Joe Benz is the current CEO of WiTricity.
Is WiTricity a funded company?
WiTricity is a funded company, having raised a total of $146M across 10 funding rounds to date. The company's 1st funding round was a Series F of $34M, raised on Nov 30, 2007.
What does WiTricity do?
WiTricity was founded in 2007 in Watertown, United States, focusing on the electric vehicle sector. Magnetic resonance technology is utilized to enable wireless power transfer through a continuous magnetic field, achieving rates of 3.6-11 kW over significant distances. Ground-installed charging pads are provided, requiring vehicles to be positioned above them for operation. Solutions are designed for integration into EV infrastructure.
Who are WiTricity's investors?
WiTricity has 14 investors. Key investors include Foxconn Electronics, Siemens, Delta Electronics, General Electric, and Mitsubishi Corporation.
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