Siemens acquires a minority stake in WiTricity

Create Date: 2024-8-30 12:03:23|Source: Siemens/Siemens

Siemens invested $25 million to acquire a minority stake in WiTricity, a United States wireless charging technology company. Siemens and WiTricity will work together to drive innovation in a new type of wireless car charging mall that is expected to reach $2 billion by 2028 in Europe and North America alone, according to Siemens, and the two companies will seek to bridge the gap in the global standardization of wireless charging for electric passenger cars and light commercial vehicles to complete interoperability between vehicles and infrastructure, and support market penetration, in addition to collaborating on skills development for wireless charging systems
Siemens acquires a minority stake in WiTricity

"Combining Siemens' global business and EV charging portfolio with WiTricity's innovative skills is the first step in our efforts to improve our offerings in the wireless charging space, which will accelerate the deployment of wireless charging skills, support standardization, and advance public charging infrastructure with interoperable solutions that provide convenience to drivers," said Markus Mildner, CEO of Siemens Electric Cars

Siemens will also become a Licensing of Skills partner, benefiting from WiTricity's deep expertise and a decade of collaboration with global car OEMs to develop proven, field-tested, interoperable wireless charging solutions

Innovative and proven skills

Instead, when the vehicle is above the charging pad, a magnetic field transfers energy between the charging pad and the vehicle's coil, and the system uses resonance sensing between the charger and the receiver to deliver high efficiency in a variety of ground clearances, from small sports cars to SUVs

Cost-effective, globally available, and satisfying customer needs

The ultimate goal of the collaboration is to work with OEMs and infrastructure partners to accelerate the maturity of wireless charging skills and ensure cost-effective availability on a global scale, with a recent survey of more than 1,000 future EV car owners interested in purchasing an electric car in the next two years showing that wireless charging is one of the highest-rated add-ons and a preferred choice for other amenities, including parking assistance

"We're excited to collaborate with leaders like Siemens to help drive this new world of compelling solutions," said Alex Gruzen, CEO of WiTricity, "Siemens and WiTricity work together to make wireless charging possible*** simplicity and reliability to improve electric car ownership and fleet management"

Eliminate conflict points for self-driving cars

For autonomous cars to deliver on their promises, key point-of-conflict requirements such as charging, which still require human intervention today, will be a key skill in completing contactless autonomous charging with minimal protection requirements and paving the way for a future of all-electric, fully autonomous transportation
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