Tech Company Financing Transactions

WiTricity Funding Round

WiTricity, based in Watertown, received $34 million from Stage 1 Ventures, Air Waves Wireless Electricity and Mitsubishi Corporation.

Transaction Overview

Company Name
WiTricity
Announced On
10/30/2020
Transaction Type
Venture Equity
Amount
$34,000,000
Round
Undisclosed
Investors

Stage 1 Ventures (Lead Investor) (David Baum)

Air Waves Wireless Electricity (Kenneth Horowitz)

Mitsubishi Corporation (Mitsumasa Icho)

Proceeds Purpose
The infusion of capital will enable WiTricity to continue its leading-edge wireless power platform development, expand its intellectual property portfolio, and capitalize on the commercial momentum for wireless charging for electric vehicles (EVs) and in the broader mobility market.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
57 Water St.
Watertown, MA 02472
USA
Phone
(617) 926-2700
Website
www.witricity.com
Email Address
[email protected]
Overview
WiTricity Corporation is enabling a wirelessly powered world by providing the foundational technology necessary for organizations to bring wireless power solutions to market faster.
Profile
WiTricity LinkedIn Company Profile
Social Media
WiTricity Company Twitter Account
Company News
WiTricity News
Facebook
WiTricity on Facebook
YouTube
WiTricity on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Alex Gruzen
  Alex Gruzen LinkedIn Profile  Alex Gruzen Twitter Account  Alex Gruzen News  Alex Gruzen on Facebook
Chief Financial Officer
Donald Peck
  Donald Peck LinkedIn Profile  Donald Peck Twitter Account  Donald Peck News  Donald Peck on Facebook
Chief Technical Officer
Morris Kesler
  Morris Kesler LinkedIn Profile  Morris Kesler Twitter Account  Morris Kesler News  Morris Kesler on Facebook
Vice President
Scott Witonsky
  Scott Witonsky LinkedIn Profile  Scott Witonsky Twitter Account  Scott Witonsky News  Scott Witonsky on Facebook
VP - Bus. Development
Farooq Butt
  Farooq Butt LinkedIn Profile  Farooq Butt Twitter Account  Farooq Butt News  Farooq Butt on Facebook
VP - Bus. Development
David Schatz
  David Schatz LinkedIn Profile  David Schatz Twitter Account  David Schatz News  David Schatz on Facebook
VP - Engineering
Steve Ganem
  Steve Ganem LinkedIn Profile  Steve Ganem Twitter Account  Steve Ganem News  Steve Ganem on Facebook
VP - Human Resources
Kim MacMillan
  Kim MacMillan LinkedIn Profile  Kim MacMillan Twitter Account  Kim MacMillan News  Kim MacMillan on Facebook

 

 

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Prev: 10/30/2020: Sinai Technologies venture capital transaction
Next: 10/30/2020: Benson Hill Biosystems venture capital transaction

 

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