WiTricity Scores Deal with Toyota

Watertown, MA-based WiTricity, a developer of a wireless charging system for electric cars and plug-in hybrids, has formed a technology partnership with Japan-based Toyota Motor Corporation. The deal includes a Toyota investment in WiTricity, reported to be in the single-digit millions of dollars, according to Scott Kirsner of the Boston Globe. Earlier this month, Delphi demoed a vehicle-charging system developed in partnership with WiTricity at a conference in Detroit. WiTricity started in 2007, based on wireless-power technology from MIT, and had raised just over $15 million as of last fall.

Trending on Xconomy

By posting a comment, you agree to our terms and conditions.

Comments are closed.