Powermat Technologies, a wireless power technology startup, says Foxconn has made a “significant investment” as part of a $25 million Series B round.
Foxconn Interconnect Technology, the contract manufacturing giant’s connectivity solutions developer,took part in the funding round along with Hudson Sustainable Group, a founding shareholder of Powermat.
Powermat’s innovative wireless power technology is a critical enabler of the smart mobility, autonomous robotics, industrial drones, medical devices, telecom, and internet of things industries, where Powermat is experiencing exponential growth. [Read more…] about Foxconn invests in wireless power startup’s $25 million Series B funding round
