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Siemens Invests In Witricity To Advance Wireless Charging For Electric Vehicles

Siemens Invests In Witricity To Advance Wireless Charging For Electric Vehicles

06/09/22, 6:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgwatertown
Industry
energy
transportation
sustainability
mobile
hardware
Siemens invests $25 million and acquires a minority stake in U.S.-based WiTricity, a wireless charging technology company. Siemens and WiTricity will work together to drive innovation in the emerging market for wireless EV charging. This market is expected to reach $2 billion by 2028 in Europe and North America alone, according to Siemens' calculations. The two companies seek to bridge the gaps in the global standardization of wireless charging for electric passenger and light duty commercial vehicles, to enable interoperability between vehicles and infrastructure, as well as support market penetration

Company Info

Company
Wi Tricity
Location
watertown, south dakota, united states
Additional Info
WiTricity is the trailblazer in wireless charging for electric vehicles, leading the development and implementation of magnetic resonance technology across passenger and commercial vehicles alike. The company's technology is backed by an extensive patent portfolio and is the foundation for ratified global EV wireless charging standards including SAE, ISO, and GB. Automakers and Tier 1 suppliers turn to WiTricity to help accelerate the adoption of EVs by eliminating the hassle of plug-in charging, setting the stage for future autonomy.

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