What is Current Ways?
Current Ways is a prominent player in the advanced power electronics market, specializing in solutions for electric vehicles and energy management. Their product portfolio includes onboard chargers, DC/DC converters, and inverters. A key innovation is their CWUBIC technology, which facilitates bi-directional charging, enabling vehicles to both draw power and supply it back to the grid. The company serves clients across the automotive and industrial sectors and is recognized as a leader in the onboard battery charger segment.
How much funding has Current Ways raised?
Current Ways has raised a total of $802K across 2 funding rounds:
Debt
$350K
Debt
$452K
Debt (2020): $350K with participation from PPP
Debt (2021): $452K led by PPP
What's next for Current Ways?
The substantial enterprise-level funding and strategic investment indicate a strong market validation for Current Ways' innovative power electronics solutions. This capital infusion is expected to fuel further research and development, enhance manufacturing capabilities, and expand market reach, particularly within the rapidly growing electric vehicle and energy management sectors. The company is poised for accelerated growth and continued leadership in bi-directional charging technology.
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