What is PowerSphyr?
PowerSphyr Inc. is at the forefront of wireless energy technology, developing comprehensive solutions that include ASICs, hardware, and software for automotive and industrial applications. Their proprietary SkyCurrent platform is designed to support multiple wireless charging standards, aiming to eliminate the complexities of wired connectivity. By offering efficient and scalable wireless energy solutions, PowerSphyr is poised to redefine power delivery for a connected world, addressing critical needs for both suppliers and original equipment manufacturers (OEMs).
How much funding has PowerSphyr raised?
PowerSphyr has raised a total of $4.2M across 2 funding rounds:
Series A
$4M
Debt
$150K
Series A (2018): $4M with participation from Faurecia
Debt (2020): $150K led by PPP
Key Investors in PowerSphyr
Faurecia
Faurecia is a global automotive industry leader, established in 1997, with core businesses in automotive seating, interior systems, and clean mobility. As a publicly traded company on Euronext Paris, Faurecia represents a significant strategic partner for companies operating within the automotive supply chain.
PPP
Public-Private Partnership
What's next for PowerSphyr?
With a recent major strategic investment and a history of enterprise-level funding, PowerSphyr is positioned for accelerated growth and market penetration. The company's focus on transforming power delivery in high-demand sectors like automotive and industrial applications indicates a strategic expansion phase. Future developments are likely to center on enhancing the capabilities of the SkyCurrent platform and forging deeper partnerships with key industry players to integrate their wireless charging technology more broadly.
See full PowerSphyr company page
