Wi-Charge, a developer of long-range wireless power technologies, has raised $20 million in a series C funding round. The investment will accelerate Wi-Charge’s commercial roll out and expand its footprint across hospitality, smart home, commercial, retail, mobile device, and AR and wearable sectors. The funding will help the company to scale manufacturing, accelerate OEM integration, build out global distribution, and scale the commercialization team. Wi-Charge's, AirCord platform consists of a wireless power transmitter which plugs directly into a power source to convert electricity into infrared beams. A wireless power receiver is plugged or embedded into a device to allow the receipt of infrared light which is converted back into electricity to charge or power the device. The platform is able to transmit power from 30 ft away. The funding was led by Standard Investments, the related investment platform of the global industrial company Standard Industries, with participation from existing and new investors, including the EIC Fund, the investment arm of the European Innovation Council.
