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.

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

Chris Reidy

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