Innovative Wireless Tech WiTricity specializes in advanced wireless charging technology for electric vehicles, providing a unique value proposition for automakers and infrastructure providers seeking seamless, plug-free charging solutions.
Strategic Industry Partnerships The company's collaborations with major vehicle manufacturers like Nissan and its pilot programs with Ford demonstrate strong industry adoption, opening opportunities for OEMs and Tier 1 suppliers interested in integrating wireless charging systems.
Standards and Patent Leadership WiTricity's involvement in ratified global EV wireless standards such as SAE, ISO, and GB positions it as a key player influencing industry adoption, which can be leveraged to approach organizations seeking compliant charging solutions.
Recent Expansion Activities Ongoing pilot programs, including testing wireless charging on commercial fleets like Ford E-Transit vans, indicate potential for scaling wireless solutions across public and commercial transportation sectors.
Financial Position and Growth With a revenue range of 1 to 10 million dollars and significant funding of 63 million dollars, WiTricity is positioned for growth, making it an attractive partner or supplier for businesses seeking innovative EV charging infrastructure.