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Siemens has acquired a minority stake in wireless charging specialist WiTricity for 25 million dollars (€23.3Mn). The companies will work together to drive the adoption of open, interoperable standards, while Siemens also becomes Witricity's licensee. Siemens expects the wireless charging market
WiTricity extends recent funding for a total of $52M Wireless power transfer leader WiTricity announced an additional $18 million to its previously announced October fund raise of $34 million for a total of $52 million. The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell also joins WiTricity’s newly formed Board of Advisors. Stage 1 Ventures led the first tranche of $34 million with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Ame...