Powermat Technologies Overview
Powermat Technologies is a global provider of wireless charging platforms, bringing wireless power technology to consumers worldwide. Powermat provides Qi-certified wireless charging platforms for automotive, robotics, drones, consumer electronics, medical devices, IoT, telecommunications (5G), and industrial applications. With over 200 patent submissions and over 143 granted patents dating back to 2007, Powermat enables businesses worldwide to incorporate advanced wireless charging solutions into their products and customize solutions for unique use cases. The company's inductive wireless charging technology can already be found in over 500 million devices and is deployed by global market leaders such as Samsung, LG, General Motors, Flex, Harman International, and Kyocera.
Cumulative Funding Raised Over Time ($)
$25.0MDec 2021
$30.0MJan 2011
$110.0MOct 2011
Latest News
growth-positive
/PRNewswire/ -- Powermat Technologies, Ltd., the global leader in advanced wireless power solutions, has signed a patent license agreement with Panasonic...
Powermat Technologies, a leader in wireless power solutions, has signed a patent license agreement with Panasonic Automotive Systems Co., Ltd. This partnership allows Panasonic access to Powermats extensive patent portfolio, furthering Powermats vision of a wireless future. Powermat provides Qi-certified and proprietary wireless power solutions for various industries, including IoT, telecom, automotive, and medical devices. The company has a significant global presence, with over 40 licensees and its technology embedded in millions of devices worldwide. This agreement with Panasonic is expected to enhance Powermats market reach and strengthen its position in the wireless power industry.
Partners
growth-positive
United States District Court Settles in Favor of Powermat for Qi Product Patent Infringement Lawsuit
Powermat Technologies has resolved its pending patent litigation with Nanami and Yootech and entered into patent licensing agreements with them. Nanami and Yootech agreed to pay an initial payment and ongoing quarterly licensing payments to Powermat Technologies. The settlement also includes an injunction against non-licensed use of the patented technologies. Powermat Technologies CEO, Elad Dubzinski, stated that they will continue to enforce their patents against those who use the technology without a license. The patent litigation proceedings concluded with both companies accepting that Powermats patents are valid and were infringed upon. Powermat Technologies provides advanced wireless power solutions and has global market leaders as customers, including Samsung and General Motors.
Partners
growth-positive
Powermat Technologies Receives a Best of Sensors Award at the 2022 Sensors Converge Conference & Expo
Powermat Technologies Powermat PMT 100 Wireless Power Solution has been named a winner in the Innovative Medical Product of the Year category at the 2022 Best of Sensors Awards. The PMT 100 is designed for small form factor medical devices and offers a more comfortable charging experience for patients. The solution leverages Powermat SmartInductive™ Technology, which provides more power, freedom of positioning, longer ranges, and lower implementation costs. Powermat Technologies provides wireless power solutions for various industries and has been adopted by global market leaders such as Samsung and General Motors.
Partners
growth-positive
Powermat Launches an Innovative Wireless Power Solution Designed for Small IoT Devices
Powermat Technologies has announced the release of the new Powermat PMT 100 Wireless Power Solution, designed for small medical, lifestyle, and smart home IoT devices. The solution enables higher performance levels and a seamless charging user experience at a price point that supports scale. It leverages Powermat SmartInductive™ Technology, offering a hybrid solution between inductive wireless charging and resonance. Powermat Technologies is experiencing considerable growth in the market for IoT charging solutions and recently announced a $25 million Series B funding round led by Hudson Sustainable Group and Foxconn Interconnect Technology.
CustomersInvestment
growth-positive
Foxconn Interconnect Technology (FIT) and Hudson Sustainable Group Invests in Wireless Power Leader, Powermat Technologies and Forms Strategic Partnership
Powermat Technologies has announced a significant investment of $25 million in a Series B funding round led by Foxconn Interconnect Technology (FIT) and Hudson Sustainable Group. The investment will support Powermats growth and penetration in key customer segments, including automotive, micromobility, and autonomous robotics. The strategic partnership with FIT will also involve go-to-market strategies to capture new markets for wireless power. Powermat Technologies is a global leader in advanced wireless power technology, providing solutions for various industries and partnering with companies like FIT, Flex, General Motors, and Samsung. The investment will enable Powermat to capitalize on the growing demand for wireless power solutions in the autonomous and IoT sectors.
PartnersInvestment
| Sector | Energy Tech |
Funding
| Total funding | $110M |
| Last funding | $25M |
| Stage | B |
| Rounds | 3 |
| Investors | 8 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | powermat.com |
| Careers | Careers page |
Locations
Shlomo Shmeltzer Rd, Petah Tikva, Israel
Shenzhen, Guangdong Province, China
Photos & Videos
No files yet
Powermat Technologies Business
Business models
B2B2C, B2B
Product stage
Released
Employees
11-50
Sector
Energy TechEnergy Consumption & EfficiencyAutomotive & Mobility TechnologiesElectric Mobility & Alternative FuelsTarget Customer
Industrial ManufacturingDiscrete IndustriesAutomotiveCommerce & RetailConsumer GoodsConsumer ElectronicsConsumersTransportation & MobilityBike & Scooter RidersCommunication ServicesHealthcare & Life SciencesMedical Devices IndustryCore Technology
CommunicationsTags (16)
mobile-applicationswireless-communicationwireless-chargingautomotivesmart-homepower-supplieshardwareoemiotwearablemedical-devicestelecommunicationconsumer-electronicscharging-stationsroboticsdronesGeographic Markets
ChinaUnited StatesIndiaJapanAsiaEuropePowermat Technologies Financials
$110M
Total funding
Undisclosed
Capital raised
$25M
Last funding
B
Funding stage
3
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
$25.0MDec 2021
$30.0MJan 2011
$110.0MOct 2011
Private Equity Funding
B Round
Dec 2021
$25M
Foxconn Interconnect Technology (Lead)
,
Hudson Sustainable Group
B Round
Oct 2011
$80M
Goldman Sachs Bank USA (Lead)
,
Jerusalem Global Ventures, Procter & Gamble, General Motors, Rainfall Ventures
Undisclosed Round
Jan 2011
$5M
GM Ventures (Lead)
Mergers & Acquisitions
MNAEvent
May 2013
Undisclosed
Powermat Technologies Lifecycle
Cumulative Funding Raised Over Time
$25.0MDec 2021
$30.0MJan 2011
$110.0MOct 2011
All Events
B Round
Dec 2021
$25M
Foxconn Interconnect Technology (Lead)
,
Hudson Sustainable Group
B Round
Oct 2011
$80M
Goldman Sachs Bank USA (Lead)
,
Jerusalem Global Ventures, Procter & Gamble, General Motors, Rainfall Ventures
Undisclosed Round
Jan 2011
$5M
GM Ventures (Lead)
MNAEvent
May 2013
Undisclosed
Powermat Technologies News
22 articles
growth-positive
/PRNewswire/ -- Powermat Technologies, Ltd., the global leader in advanced wireless power solutions, has signed a patent license agreement with Panasonic...
Powermat Technologies, a leader in wireless power solutions, has signed a patent license agreement with Panasonic Automotive Systems Co., Ltd. This partnership allows Panasonic access to Powermats extensive patent portfolio, furthering Powermats vision of a wireless future. Powermat provides Qi-certified and proprietary wireless power solutions for various industries, including IoT, telecom, automotive, and medical devices. The company has a significant global presence, with over 40 licensees and its technology embedded in millions of devices worldwide. This agreement with Panasonic is expected to enhance Powermats market reach and strengthen its position in the wireless power industry.
Partners
growth-positive
United States District Court Settles in Favor of Powermat for Qi Product Patent Infringement Lawsuit
Powermat Technologies has resolved its pending patent litigation with Nanami and Yootech and entered into patent licensing agreements with them. Nanami and Yootech agreed to pay an initial payment and ongoing quarterly licensing payments to Powermat Technologies. The settlement also includes an injunction against non-licensed use of the patented technologies. Powermat Technologies CEO, Elad Dubzinski, stated that they will continue to enforce their patents against those who use the technology without a license. The patent litigation proceedings concluded with both companies accepting that Powermats patents are valid and were infringed upon. Powermat Technologies provides advanced wireless power solutions and has global market leaders as customers, including Samsung and General Motors.
Partners
growth-positive
Powermat Technologies Receives a Best of Sensors Award at the 2022 Sensors Converge Conference & Expo
Powermat Technologies Powermat PMT 100 Wireless Power Solution has been named a winner in the Innovative Medical Product of the Year category at the 2022 Best of Sensors Awards. The PMT 100 is designed for small form factor medical devices and offers a more comfortable charging experience for patients. The solution leverages Powermat SmartInductive™ Technology, which provides more power, freedom of positioning, longer ranges, and lower implementation costs. Powermat Technologies provides wireless power solutions for various industries and has been adopted by global market leaders such as Samsung and General Motors.
Partners
growth-positive
Powermat Launches an Innovative Wireless Power Solution Designed for Small IoT Devices
Powermat Technologies has announced the release of the new Powermat PMT 100 Wireless Power Solution, designed for small medical, lifestyle, and smart home IoT devices. The solution enables higher performance levels and a seamless charging user experience at a price point that supports scale. It leverages Powermat SmartInductive™ Technology, offering a hybrid solution between inductive wireless charging and resonance. Powermat Technologies is experiencing considerable growth in the market for IoT charging solutions and recently announced a $25 million Series B funding round led by Hudson Sustainable Group and Foxconn Interconnect Technology.
CustomersInvestment
growth-positive
Foxconn Interconnect Technology (FIT) and Hudson Sustainable Group Invests in Wireless Power Leader, Powermat Technologies and Forms Strategic Partnership
Powermat Technologies has announced a significant investment of $25 million in a Series B funding round led by Foxconn Interconnect Technology (FIT) and Hudson Sustainable Group. The investment will support Powermats growth and penetration in key customer segments, including automotive, micromobility, and autonomous robotics. The strategic partnership with FIT will also involve go-to-market strategies to capture new markets for wireless power. Powermat Technologies is a global leader in advanced wireless power technology, providing solutions for various industries and partnering with companies like FIT, Flex, General Motors, and Samsung. The investment will enable Powermat to capitalize on the growing demand for wireless power solutions in the autonomous and IoT sectors.
PartnersInvestment
growth-positive
City Transformer Selects Powermat Wireless Technology to Charge New Ultra-Light Foldable Electric Vehicle Designed for Urban Mobility
City Transformer has announced a partnership with Powermat Technologies to integrate Powermats wireless charging system into their all-electric, foldable urban mobility vehicle solution. The partnership aims to enhance the vehicles advanced mobile connectivity features and provide a seamless charging experience for city commuters. Powermats in-cabin wireless charging system, combined with City Transformers digitized interface and fleet management capabilities, will offer users a personalized and convenient charging solution. City Transformer is known for its innovative design that adapts to the complexities of urban environments, and the partnership with Powermat aligns with their innovation strategy. Powermat specializes in delivering in-vehicle wireless charging reference designs and has already embedded its technology in over 8 million vehicles.
Partners
growth-positive
Powermat Technologies Announces Investment in Shenzhen China and Opens a New Chinese Office, to Increase the Expansion of Wireless Charging Technology in the Region
Powermat Technologies is expanding its local footprint with a new innovation office in Shenzhen, China. The company aims to tap into the growing Automotive, Robotics, Drones, Medical Devices, IoT, and Telecom markets in China. The new office will promote technology innovation, business collaborations, and investment between Powermat and OEMs in the Asian region. It will focus on providing wireless power technology to emerging companies in various industries. Powermat sees China as a key market for OEM-driven innovation and aims to contribute by providing wireless charging technology solutions. The companys wireless power technology is already used by major global market leaders. The expansion into China is part of Powermats strategy to enhance its global reach and presence in the Chinese technology ecosystem.
PartnersExpand
5G access cheaper, faster to millions of people in rural, dense, or volatile environments
EETimes - Wireless Power Boosts 5G Deployment
growth-negative
פאוורמט גילגלה מאות מיליונים ואז התרסקה - כעת היא מתכננת את הקאמבק
Powermat, an Israeli technology company, was once on track to be a standout success but faced internal struggles and ultimately declined. Now, the company is planning a comeback and targeting new markets. Powermat is revealing its new business and technological direction.
Expand
growth-positive
Wireless-charging tech developer Powermat pivots to industrial applications with Jetsons Robotics partnership
Powermat, an Israeli company, has partnered with Indian company Jetsons Robotics to design charging stations for autonomous rooftop solar installation cleaning robots. Powermat, known for its wireless charging technologies for consumer electronics, has shifted its focus to more industrial applications. The partnership allows Powermat to explore new form factors and applications for its charging technologies. The use of robots for cleaning solar installations can save costs, but wireless charging was necessary for the autonomous solution. Powermat sees the partnership as a test of its new industrial focus and a move towards emerging markets such as robotics, medical devices, IoT, and the automotive market.
Partners
growth-positive
Powermat Unveils Breakthrough 50W Mid-Range Drill-Free Wireless Charging Solution
Powermat Technologies has unveiled their embedded mid-range wireless charging platform that can charge Telecom and IoT devices requiring up to 50W. The platform offers more charging power and spatial freedom, allowing OEMs to wirelessly charge devices through thick surfaces such as walls and glass. The company aims to provide a cost-effective and integrated solution for products that require mid-range and drill-free wireless power. The demand for OEM-driven wireless power solutions is expected to grow rapidly in the coming years. Powermats platform is available in multiple configurations depending on customer specifications. The company has over 200 patent submissions and its wireless charging technology is already used by global market leaders such as Samsung and LG.
Customers
growth-positive
Powermat Technologies Expands to India With New Office in Gurgaon, India
Powermat Technologies has announced the expansion of its offices into Gurgaon, India. The new office will support the companys clients in India and will be led by the newly appointed Regional Vice President, Mr. Raj Caprihan. The expansion reflects Powermats strategic focus on becoming an industry leader in the region and serving clients in various sectors. The company recognizes the importance of being local and aims to expand its global reach while being in-tune with technological challenges and requirements. India is seen as a dynamic growing market, and Powermat plans to further expand its presence in the region in the coming years.
Expand
growth-positive
Powermat Wireless Charging Technology in Samsung Galaxy Note9
Samsung, the winner of Best New Connected Device with Galaxy S9+ at the annual Global Mobile Awards (GLOMO Awards), has been incorporating Powermats wireless charging technology in its mobile phones since 2015. Samsungs move has led to almost all mobile phone providers including wireless charging as a standard feature. Powermat is continuing to pioneer inductive wireless charging development, delivering fast and universal technology to both mobile providers and consumers.
Customers
growth-positive
Qi reigns as the standard for wireless charging after Powermat joins WPC
Powermat has joined the Wireless Power Consortium (WPC), developers of Qi wireless charging. This move signifies a step closer to a single unified wireless charging standard. Powermat, a founding member of the PMA/Airfuel alliance, will contribute its technology to the WPCs work and continue to develop wireless charging tech that is compatible with the dominant Qi brand. The adoption of Qi wireless charging by Apple for its iPhones has made Qi the dominant standard in the market. Powermat aims to unlock the potential of wireless charging and expedite the growth of the wireless charging infrastructure. The PMA standard, Powermats rival, has only 10 percent of wireless devices signed up to its brand. This development simplifies wireless charging for consumers.
PartnersCustomers
growth-positive
Powermat Embraces Competing Cord-Free Charging Standard
Powermat Technologies has introduced a new wireless charging station compatible with the Qi standard, following Apples adoption of Qi on its new iPhone models. Once upgraded, Powermats wireless charging stations in Starbucks stores and McDonalds branches could be used to charge iPhones. Powermat has also announced its membership in the Wireless Power Consortium (WPC), the driving force behind the Qi standard. Powermats systems have been installed in hundreds of Starbucks stores and McDonalds branches worldwide. The company was founded in 2007 and has raised $85 million in funding. In 2012, it joined forces with Procter & Gamble in a venture branded Duracell Powermat. Powermats joining of the WPC will accelerate wireless charging adoption.
Partners
growth-positive
Powermat to upgrade to 15W wireless charging, support Apple's new iPhones
Powermat plans to release a software upgrade in January that will make its wireless charging stations compatible with the Qi specification and up to 15 watts of power. The upgrade will support new Apple iPhones and other Qi-enabled devices. Powermats new SmartInductive technology will allow for higher power transfers over longer distances. The company also plans to release a new charging hardware product called Charging Spot 4.0, which can be installed under a table surface and requires no drilling. The new charger will allow users to simply place enabled mobile devices on top of a desk to begin receiving power. Powermat is part of the Airfuel Alliance consortium and competes against the Wireless Power Consortium.
Customers
growth-positive
Israeli company wants to change the paradigm with its wireless charging pad
Israeli tech company Powermat is aiming to become a global provider of wireless charging services in public places. Powermat has installed wireless charging stations in Starbucks branches in San Francisco and London, and will soon be launching in coffee giant Aroma in Israel. The companys founder, Ran Poliakine, has stepped down as CEO and been replaced by former Blackberry CEO Thorsten Heins. Powermats estimated net worth is $500 million. However, the company faces competition from other wireless charging standards, such as Qi, which is already widely used in smartphones. Powermat is actively involved in the process of convergence and merging of standards, and aims to build a global charging network.
CustomersPartners
growth-positive
Starbucks adds Powermat wireless charging to the UK - Pocket-lint
Starbucks has partnered with Powermat to offer free wireless charging zones in ten of its London stores. This move is expected to have a positive impact on the companys growth. The key theme of the article is wireless charging. The key issues discussed in the article are customers. The event described in the article is the partnership between Starbucks and Powermat to provide wireless charging zones. The date of the event is not mentioned in the article. The confidence level of the answer is 8.
Customers
Starbucks Rollout Could Mark Turning Point in Wireless Charging Battle
growth-positive
Powermat and PowerKiss to Unite
Powermat and PowerKiss have entered into a definitive agreement to combine their companies under the Powermat Technologies umbrella. The companies aim to enable a consistent wireless charging experience for mobile people across the globe. They have both committed to the same PMA standard, which is backed by AT&T, Procter & Gamble, Starbucks, and others. Powermat has deployed over 1,500 charging spots in the US, while PowerKiss has overseen the installation of over 1,000 charging spots in Europe. By combining forces, they hope to provide consumers with a wide ecosystem of public places for wireless charging. The companies share a vision for wireless power and will operate as one company with a common technology and standard.
Partners
growth-positive
General Motors Invests $5 Million in Israel's PowerMat - VC Cafe
GM Ventures, the venture capital arm of General Motors, has invested $5 million in Powermat, an Israeli startup that manufactures wireless charging mats. The investment will allow Powermat to include its mats in GM vehicles starting in 2012. This investment is seen as a positive growth opportunity for Powermat, as Israeli venture capital funds are struggling to attract funding. Powermat provides an efficient and cable-free way to extend the battery life of mobile devices, and up to three devices can be charged on a single mat at a time. The investment by GM Ventures was done for an equity stake with an undisclosed period of exclusivity. Powermat is headquartered in the US with research and development in Israel and production in China.
Partners
Powermat Technologies Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 44 |
| Team members | 4 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 17 classification IDs that could be used for matching.
Powermat Technologies Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 513814442 |
| Crunchbase | powermat |
| Phone | +97229950500 |
| Creator | Katie Kaplan |
| Creator email | katherinekaplan14@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2022-09-07T00:00:00.000Z |
| Created | 2014-06-09T00:00:00.000Z |