WiTricity Gets More Funding From Fadell's VC Firm

Wireless charging company WiTricity raised $18 million in funding from iPhone co-inventor Tony Fadell’s Future Shape venture capital firm and other private investors, it said Tuesday. That adds to October's $34 million infusion. WiTricity also announced that Fadell joined its recently launched advisory board. “With the global standard set for [electric vehicle] wireless charging, and automaker launches imminent, wireless charging should become a primary feature of EVs coming to market in the next design cycle,” said WiTricity CEO Alex Gruzen.