Tuesday, October 28, 2008

An Update on WiTricity, the Wireless Power Company

WiTricity is a new MIT spin-out hoping to make electricity just like WiFi -- beam it through the air, and allow all your electronics to "tune in." (I've previously covered them here.)

An update... they've got offices now in Watertown. They're hiring RF engineers. Right now, the company consists of "10 PhDs and me," according to CEO Eric Giler. ( Giler had previously been CEO of Groove Mobile and Brooktrout Technology.) Marin Soljacic, one of the original MIT researchers, remains involved. They got $4 million in Series A funding in the second quarter of this year, from Argonaut Private Equity and Stata Venture Partners.

Giler says they're building a "real world" prototype (IE, something that will work more reliably than the initial lab prototype), and they're beginning to talk to potential customers.

This is a potentially big company...keep an eye on them...

Labels: , , , , , ,


Blogger Chris Surdi said...

Wow, this is great. Yea, I agree they are going to be a big company.

We at PowerBeam also transfer wireless power. However, our approach is to use optical energy which gives us a great advantage in distance - we have transferred wireless power over 8 meters.

I suspect the wireless power industry is going to have two big winners, WiTricity and PowerBeam. They have the omni-directional technology and we have the directional.

Let's see how this industry plays out. It is going to make for a great case study in the end.

November 2, 2008 9:39 PM  

Post a Comment

Links to this post:

Create a Link

<< Home