Press Release June 22, 2022

Siemens Invests $25 Million in WiTricity

The Technology team advised WiTricity in its receipt of a $25 million minority stake investment by Siemens.

WiTricity is a trailblazer in wireless charging for electric vehicles, leading the development and implementation of magnetic resonance technology across passenger and commercial vehicles.

Siemens is a technology company focused on industry, infrastructure, transport, and healthcare.

Siemens will also become a technology license partner, benefitting from WiTricity's deep know-how and decade-long collaboration with global automotive OEMs to develop proven, field-tested, interoperable wireless charging solutions.

The Goodwin team was led by Michael Kendall, Kristin Gerber, Khalid Elwanni and Jeffrey Toomey (Corporate); and Stephen Charkoudian, Achal Oza and Gozde Guckaya (IP), with invaluable assistance from Coleen Doyle.

For more details, read the press release.