WiTricity
WiTricity is a wireless power transfer technology company that develops magnetic resonance-based charging systems for electric vehicles, serving automotive OEMs, Tier 1 suppliers, and fleet operators across light-duty, medium-duty, and heavy-duty applications.
- Company typePrivate
- Founded2007
- HeadquartersWatertown, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What WiTricity does
WiTricity Corporation is a privately held wireless power transfer (WPT) technology company founded in 2007, originating from research led by Professor Marin Soljacic at MIT. The company develops magnetic resonance-based charging systems that enable electric vehicles to charge without physical cable connection, supporting power levels from under 1 kW (light-duty) up to 75 kW and above (heavy-duty). WiTricity's technology portfolio spans over 1,300 patents and pending applications globally, including more than 200 standards-essential patents that underpin the SAE J2954 wireless charging standard for passenger vehicles. In 2019, WiTricity acquired the Qualcomm Halo wireless EV charging patent portfolio, consolidating what the company describes as a foundational IP position in magnetic resonance-based automotive wireless charging.
The company's product portfolio is organized into three power tiers: Light Duty systems (1 kW and below) targeting golf carts, neighborhood electric vehicles (NEVs), and low-speed vehicles; Medium Duty systems (3.3–50 kW) addressing passenger BEVs, autonomous vehicles, and last-mile fleets; and Heavy Duty systems (75 kW+) serving marine ports, transit buses, drayage trucks, airport ground support equipment, forklifts, and yard trucks. Notable technology features include Foreign Object Detection (FOD), Living Object Detection (LOD), and Vehicle-to-Grid (V2G) bidirectional power flow capability. End-to-end power transfer efficiency is reported at approximately 92%, comparable to wired plug-in charging.
WiTricity operates a hybrid business model combining IP licensing to automotive OEMs and Tier 1 suppliers, direct hardware sales (MR/1 and MR/11 product lines), and engineering services. The licensing channel includes a global licensee network of manufacturers and distributors such as Aptiv, DAIHEN, Delta Electronics, Foxconn Interconnect Technology, Anjie Wireless, FinePowerX, Green Power, and Mitsubishi Corporation. Named OEM integrations include the Hyundai GV60 passenger EV and wireless charging deployments for airport ground support equipment. The company is headquartered in Stuart, Florida, with a Japanese subsidiary established in Tokyo in September 2024, and has raised approximately $151 million+ across multiple funding rounds, with Siemens AG serving as anchor investor in the most recent $63 million Series G round completed in August 2022.
WiTricity firmographics
Firmographics- Name
- WiTricity
- Legal name
- WiTricity AI Tech, LLC
- Website
- https://witricity.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WiTricity is a wireless power transfer technology company that develops magnetic resonance-based charging systems for electric vehicles, serving automotive OEMs, Tier 1 suppliers, and fleet operators across light-duty, medium-duty, and heavy-duty applications.
- Ownership category
- akta.pro rank
WiTricity industry classification
Industry- Product category
- Wireless EV Charging Systems
- NAICS
- Switchgear and Switchboard Apparatus Manufacturing (335313)
- SIC
- Electronic Coils, Transformers & Other Inductors (3677)
- akta.pro primary industry
- EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)
- akta.pro secondary industries
- Bidirectional Charging Hardware (Onboard/Offboard Chargers, Inverters, EVSE) (EUAFAMAC), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF), Charging Systems & Swappable Battery Infrastructure Manufacturing (IMACAOAF)
Keywords
Where WiTricity is headquartered
LocationHeadquarters
- HQ city
- Watertown
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
WiTricity business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations
Revenue model
- IP Licensing to Automotive OEMs and Tier 1 Suppliers: WiTricity licenses its foundational wireless charging IP portfolio to automotive manufacturers and Tier 1 suppliers, generating licensing royalties for the use of its patents and technology in vehicles and charging infrastructure.
- Wireless Charging Products: Sale of wireless charging hardware including the MR/1 and MR/11 charging systems for integration into vehicles and charging infrastructure.
- Engineering Services: Custom engineering and integration services to support automotive manufacturers and Tier 1 suppliers in adopting WiTricity's wireless charging technology.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | MR1 600W Wireless Charging System |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
WiTricity product offering
Product offeringCore offering
WiTricity develops and licenses magnetic resonance wireless power transfer technology and manufactures wireless charging hardware for electric vehicles. The company offers a tiered product line spanning MR/1 light-duty systems (600W-900W) for golf carts and neighborhood electric vehicles, medium-duty systems (3.3-50 kW) for passenger EVs and autonomous vehicles, and heavy-duty systems (75 kW and higher) for buses, trucks, marine ports, and industrial vehicles, complemented by engineering services and IP licensing to OEMs and Tier 1 suppliers.
Product overview
WiTricity offers a comprehensive portfolio of wireless charging products based on patented magnetic resonance technology. The product line is organized by power levels: MR/1 600W and 900W systems for golf carts and light electric vehicles; Medium Duty systems (3.3-50 kW) for passenger EVs, robotaxis, and fleets; and Heavy Duty systems (75 kW+) for buses, trucks, and industrial vehicles. The company also provides Smart Cities infrastructure solutions and Engineering Services for OEM integration. All products utilize highly resonant wireless power transfer (HR-WPT) technology that enables efficient power transfer over distance without physical connection.
Differentiator
Problem solved
Functional benefit
Brands
- WiTricity MR/1: Wireless charging system platform for electric vehicles, available in 600W and 900W variants for golf carts, NEVs, and light electric vehicles.
- WiTricity MR/11
- WiTricity Halo
Products and services
- MR/1 600W Wireless Charging System A 600W cable-free wireless charging system using magnetic resonance technology, designed for golf carts and light electric vehicles used in communities, campuses, and resorts. Features a ground-mounted Power Hub and under-vehicle receiver enabling automatic charging when parked.
- MR/1 900W Wireless Charging System A 900W wireless charging system for golf carts, neighborhood electric vehicles (NEVs), and personal transportation vehicles. Delivers safe, weather-ready, automatic charging via magnetic resonance technology.
- Heavy Duty EV Wireless Charging (75 kW and Higher)
Quantifiable outcome
- ~92% end-to-end power transfer efficiency, comparable to wired plug-in charging systems.
Companies that use WiTricity
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
WiTricity technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
WiTricity partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and flagship.
- Anjie WirelesscoreAnjie Wireless is a licensed manufacturer of wireless charging products using WiTricity's patented magnetic resonance technology, authorized to produce and sell wireless charging systems under the licensing agreement.
- AptivflagshipAptiv is a Tier 1 automotive supplier and a licensed partner of WiTricity, authorized to integrate WiTricity's wireless charging technology into automotive platforms and supply chain for vehicle manufacturers.
- DAIHENcoreDAIHEN is a licensed manufacturer of WiTricity wireless charging technology, authorized to produce and commercialize wireless charging systems using WiTricity's patented magnetic resonance approach.
- Delta ElectronicscoreDelta Electronics is a licensed partner authorized to manufacture and sell wireless charging products using WiTricity's technology. Delta also participated as an investor, indicating a deeper strategic relationship around power electronics and EV charging solutions.
- FinePowerXcoreFinePowerX is a licensed manufacturer of WiTricity wireless charging technology, authorized to produce and commercialize wireless power transfer products.
- Foxconn Interconnect TechnologycoreFoxconn Interconnect Technology (FIT), a subsidiary of Hon Hai/Foxconn, is a licensed partner authorized to manufacture and distribute wireless charging systems using WiTricity's technology for various applications.
- Green PowercoreGreen Power is a licensed manufacturer of WiTricity wireless charging products, authorized to produce and commercialize wireless power transfer systems.
- Mitusubishi CorporationcoreMitsubishi Corporation is a licensed partner authorized to commercialize WiTricity wireless charging technology, serving as a commercial partner in the Japanese and broader Asian markets.
Scale indicators2 records
Recent moves7 records
Expansion highlights5 records
WiTricity competitors and assessment
Company assessmentDirect peers
- Plugless Power (Evatran): Plugless Power (formerly Evatran) is one of the earliest North American wireless EV charging providers, offering aftermarket wireless charging pads for Tesla, Nissan LEAF, and BMW i3. Directly competes with WiTricity in magnetic resonance wireless EV charging for passenger vehicles and serves as the most comparable startup-stage peer.
- HEVO Power: HEVO Power develops wireless EV charging solutions with a focus on Level 2 residential and public wireless charging. Competes with WiTricity in the consumer and light commercial wireless EV charging segment, with similar technology approach and target customers.
- Momentum Dynamics: Momentum Dynamics is a leader in high-power wireless EV charging for fleet and heavy-duty applications including transit buses, delivery vans, and port equipment. Directly competes with WiTricity's Heavy Duty product line (75 kW+) in the commercial fleet wireless charging segment where WiTricity has identified transit buses, marine ports, and airport GSE as core use cases.
- WAVE (Wireless Advanced Vehicle Electrification): WAVE specializes in inductive wireless charging for medium- and heavy-duty commercial fleets, including transit buses and industrial vehicles, using embedded charging pads in roadway sections. Directly competes with WiTricity's medium and heavy duty wireless charging products targeting similar fleet customers and use cases.
- Aptiv: Aptiv is a global Tier 1 automotive supplier that has licensed WiTricity's wireless charging IP for integration into vehicle platforms. As a major Tier 1 with deep relationships across automotive OEMs, Aptiv is both a strategic licensee and the most direct channel through which WiTricity's technology reaches passenger vehicle production programs.
Broad incumbents
- ABB E-mobility: ABB E-mobility is a global leader in wired DC fast charging and AC charging infrastructure for EVs, including heavy duty applications. While ABB's primary focus is wired charging, it is a comparable incumbent in the broader EV charging hardware market where WiTricity operates, and competes indirectly as wireless charging seeks to capture share from wired solutions.
- Siemens AG: Siemens is both an anchor investor in WiTricity and a global industrial conglomerate with EV charging infrastructure products through Siemens eMobility. Represents a comparable broad incumbent with overlapping power electronics capabilities and signals how established industrial players view wireless EV charging as part of their broader electrification portfolios.
- ChargePoint: ChargePoint operates one of the largest networked EV charging station networks in North America, focusing primarily on Level 2 AC and DC fast charging. As a broad incumbent in EV charging infrastructure, ChargePoint represents the dominant wired alternative against which wireless charging solutions like WiTricity must compete for fleet and consumer adoption.
Others
- Delta Electronics: Delta Electronics is both a WiTricity investor and a licensed manufacturer of WiTricity wireless charging technology, while also being a leading global supplier of power electronics and EV charging components. Represents an adjacent technology partner and potential channel for WiTricity products in the broader power electronics and EV charging ecosystem.
Emerging players
- InductEV (formerly IPT Technology): InductEV is an early-stage wireless EV charging company focused on high-power opportunities charging for commercial fleets, transit, and port operations. Uses inductive charging technology comparable to WiTricity's heavy-duty product line and represents an emerging competitor targeting similar fleet electrification use cases.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
WiTricity social profiles
Digital presenceWiTricity compliance and trust
Trust signalCompliance1 record
WiTricity financial estimates
Financial estimateRevenue estimate
Valuation estimate
WiTricity leadership team
Management profileNumber of profiles
Profiles11 records
WiTricity subsidiaries and ownership
Company hierarchySubsidiaries1 record
WiTricity funding detail
Funding detailFunding overview
Funding rounds10 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WiTricity M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WiTricity
What does WiTricity do?
WiTricity develops and licenses magnetic resonance wireless power transfer technology and manufactures wireless charging hardware for electric vehicles. The company offers a tiered product line spanning MR/1 light-duty systems (600W-900W) for golf carts and neighborhood electric vehicles, medium-duty systems (3.3-50 kW) for passenger EVs and autonomous vehicles, and heavy-duty systems (75 kW and higher) for buses, trucks, marine ports, and industrial vehicles, complemented by engineering services and IP licensing to OEMs and Tier 1 suppliers.
Is WiTricity a public or private company?
WiTricity is a private company. It is classified as venture growth investor backed and is currently operating.
When was WiTricity founded?
WiTricity was founded in 2007. It employs 11 to 50 people.
Where is WiTricity based?
WiTricity is headquartered in Watertown, United States, in the North America region.
How does WiTricity make money?
Three revenue lines are on record. IP Licensing to Automotive OEMs and Tier 1 Suppliers are the primary driver. The others are wireless Charging Products and engineering Services.
Who are WiTricity's main competitors?
Direct peers on record are Plugless Power (Evatran), HEVO Power, Momentum Dynamics, WAVE (Wireless Advanced Vehicle Electrification) and Aptiv. Broad incumbents are ABB E-mobility, Siemens AG and ChargePoint. Delta Electronics is listed as an others. InductEV (formerly IPT Technology) is listed as an emerging player.
Does WiTricity have an API?
No public API is recorded for WiTricity.
What industry is WiTricity in?
WiTricity's product category is Wireless EV Charging Systems. Its primary akta.pro industry code is IMACACAE, EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers), with a secondary code of EUAFAMAC, Bidirectional Charging Hardware (Onboard/Offboard Chargers, Inverters, EVSE). Its NAICS code is 335313 and its SIC code is 3677.