Watertown, MA – According to filings with the U.S. Securities and Exchange Commission, WiTricity is raising $100 Million in new funding. Sources indicate as part of senior management Chief Financial Officer, Donald Peck played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About WiTricity

WiTricity is the trailblazer in wireless charging for electric vehicles, leading the development and implementation of magnetic resonance technology across passenger and commercial vehicles alike. The companys technology is backed by an extensive patent portfolio and is the foundation for ratified global EV wireless charging standards including SAE, ISO and GB. Automakers and Tier 1 suppliers turn to WiTricity to help accelerate the adoption of EVs by eliminating the hassle of plug-in charging, setting the stage for future autonomy.

To learn more about WiTricity, visit http://witricity.com/

Contact:
Donald Peck, Chief Financial Officer
617-926-2700
https://www.linkedin.com/in/donald-peck-8332b17/

SOURCE: http://www.intelligence360.io
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