Business

Wireless power firm secures funding

WiTricity, a Watertown company that licenses technology with such potential applications as allowing electric cars and consumer-electronics devices to wirelessly recharge their batteries, said Wednesday that it has secured $25 million in Series E financing, bringing the total amount of funding it has raised so far to $45 million.

The financing came from new and existing investors, including Intel Capital and Hon Hai/Foxconn, one of the world’s largest makers of consumer electronics, WiTricity said.

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The company sees its technology as having applications for consumer electronics, electric vehicles, defense applications, and medical devices.

Chris Reidy

Chris Reidy can be reached at reidy@globe.com.
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