Chicago (PRWEB) October 21, 2014
NuCurrent, a leader in wireless energy antenna technology, announces that the company has raised $ 3.48 million in a Series A round of funding from Independence Equity, Hyde Park Angels, Harvard Organization School Angels, a strategic corporate investor who can not but be named and existing investors. NuCurrent will leverage the new round of funding to accelerate commercial improvement and boost the company’s worldwide market share.

According to IHS Technologies, revenue from shipments of wireless power transmitters and receivers will expand to $ eight.five billion in 2018, up from just $ 216 million in 2013. As the space continues to swiftly expand, electronic device OEMs and integrators continue to turn to NuCurrent to help construct in efficient wireless energy capabilities into accessories, smartphones, cars and the places individuals visit every single day like the coffee shop and workplace. With NuCurrent’s technology, consumer items advantage from enhanced simultaneous charging of numerous devices with distinct power specifications, by simply placing them on the furnishings, work surface, auto console, or walls without any cords. NuCurrent’s antennas make it achievable for customer electronics devices to charge with higher efficiency, improved distance, superior alignment flexibility, decrease heating, and quicker charge instances.

“Since founding NuCurrent, a variety of organizations have validated our technologies and chosen it for inclusion in their goods and this financing enables us to leverage the technological strength and concentrate on escalating industry penetration” stated Jacob Babcock, CEO, NuCurrent. “Our investor team has the proven potential to identify substantial market trends like wireless charging and support entrepreneurs translate these trends into category-defining global organizations. The insight and experience of our investor team will be invaluable as we scale NuCurrent.”

“Wireless power is rapidly becoming engineered into a broader range of customer and organization goods from hand-held electronics to furniture to healthcare devices, all of which will boost our everyday lives and empower organization,” said Donald Sackman, managing partner, Independence Equity. “NuCurrent, with its proprietary and state-of-the-art capabilities in antenna style, will be a essential enabler in the adoption method, and we are pleased that the Independence Equity Fund is able to companion the NuCurrent group in this endeavor.”

“In a wireless charging marketplace that continues to explode, NuCurrent’s extremely effective antennas are perfect for enabling wireless energy transmission for today’s mobile electronic devices,” stated Christopher Jensen, managing principal of Anderson Pacific Corporation and member of Hyde Park Angels. “With such a compelling value-add for electronics makers, we’re convinced that NuCurrent’s technology and outstanding team will play a important role in driving adoption for wireless charging in consumer electronics.”

NuCurrent’s higher-efficiency resonators had been lately selected for the very first commercially accessible Alliance for Wireless Energy (A4WP) certified goods. Currently supporting options across Wireless Energy Consortium (Qi) and Energy Matters Alliance (PMA) standards, NuCurrent resonators now allow Gill Electronics Inc.’s newly-introduced TesLink™ Via Surface Transmitter, the initial commercial product in assistance of the A4WP RezenceTM standard. NuCurrent’s high-efficiency antennas were also chosen as the Wireless Energy Consortium’s regular antenna for in-vehicle charging (i.e. charging a mobile telephone by placing it on the center armrest of a car).

To discover much more about NuCurrent, please make contact with information@nucurrent.com or pay a visit to http://nucurrent.com.

About NuCurrent
NuCurrent is a top developer of higher-efficiency antennas for wireless power applications. Compliant across Alliance for Wireless Power (A4WP), Wireless Power Consortium (Qi) and Power Matters Alliance (PMA) requirements, NuCurrent works closely with electronic device OEMs and integrators to custom-design and style, fast-prototype and integrate the optimal antenna for a broad range of applications. NuCurrent’s patented styles, structures and manufacturing methods mitigate common high frequency effects, supplying higher efficiency, smaller sized sizes, larger durability and reduced cost with wireless energy application development. For more data, pay a visit to http://nucurrent.com.