WiTricity Scores Deal with Toyota

Gregory T. Huang4/27/11

Watertown, MA-based WiTricity, a developer of a wireless charging system for electric cars and plug-in hybrids, has formed a technology partnership with Japan-based Toyota Motor Corporation. The deal includes a Toyota investment in WiTricity, reported to be in the single-digit millions of dollars, according to Scott Kirsner of the Boston Globe. Earlier this month, Delphi demoed a vehicle-charging system developed in partnership with WiTricity at a conference in Detroit. WiTricity started in 2007, based on wireless-power technology from MIT, and had raised just over $15 million as of last fall.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @