WiTricity announced the acquisition from Qualcomm Inc. and Qualcomm Technologies, Inc. of certain technology platform and IP assets, which will bring more than 1500 patents and patent applications related to wireless charging that WiTricity will own or control. Through the transaction, Qualcomm Inc. will become a minority WiTricity shareholder.
The companies say that this acquisition will streamline technology development intended to allow automakers to deliver an electric vehicle (EV) charging experience that is seamless and efficient. The technology uses wireless charging ground pads to recharge EVs without the need for cables, virtually eliminating the need to plug in.
“WiTricity’s wireless charging technology is key to the future of mobility which is clearly electric, and increasingly shared and autonomous,” said Alex Gruzen, CEO of WiTricity. “EV drivers and fleets demand a simple, effortless charging experience. Bringing the Qualcomm Halo technology into the WiTricity portfolio will simplify global interoperability and significantly accelerate commercialization.”
Qualcomm Incorporated and WiTricity have been working collaboratively with global standards organizations, which currently leverage reference designs from each company. This acquisition will reportedly simplify ratification of the standard and help ensure interoperability across automakers. The companies say EV drivers will be able to use any standards-compatible pad to charge their vehicles.
“With Qualcomm technology and expertise, we have been able to deliver innovative automotive solutions, like Qualcomm Halo wireless electric vehicle charging (WEVC), not only to support the shared vision of a more efficient, safer, and cleaner urban mobility, but also to transform the automotive experience,” said Steve Pazol, advisor, and former Vice President and GM, Wireless Charging, Qualcomm Incorporated. “Qualcomm is confident that combining WEVC under WiTricity’s leadership will create accessibility to and demand by customers for this exciting technology.”