A consortium of four institutional investors and a business angel are supporting the series seed financing round of the young Freiburg-based start-up. Blue Inductive plans to use the new funds to expand its team and accelerate the market launch.
“Enormous market potential”
Blomberg, Germany – Phoenix Contact Innovation Ventures has completed an investment in Blue Inductive (www.blue-inductive.de), a German-based high-tech startup developing efficient wireless power systems for industrial applications. “The market potential for inductive charging technologies is enormous. In the past, there were several technological barriers that prevented the rapid introduction of this technology, particularly in industrial applications. Blue Inductive technology opens up new opportunities for growing market acceptance, particularly in the industrial and robotics sectors. With this innovative technological approach, the company offers high efficiency and new automation possibilities in the field of wireless charging,” says Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures.
high performance, super-fast, efficient, lightweight and bidirectional
Blue Inductive was founded in 2016 by former scientists from the Fraunhofer Institute ISE in Freiburg and is developing a wireless charging system for industrial applications such as mobile robots, AGVs and electric forklifts. Blue Inductive’s etaLink technology offers an innovative approach that addresses the biggest challenges in implementing wireless charging technologies in industrial applications. Based on the principle of magnetic induction and with several innovations in the areas of circuit topology, control strategy and coil design, etaLink technology enables super-fast charging with high power and efficiency in compact, lightweight and bidirectional hardware.
The first commercial product
The company is expected to launch its first commercial product on the market shortly and is currently working with a renowned OEM. With this new round of financing, Blue Inductive is well positioned to execute its go-to-market strategy and achieve key technical and commercial milestones. Phoenix Contact will support this development with its industrial and technical know-how: “We are delighted to have gained a new strong partner and investor for Blue Inductive in Phoenix Contact, who will support the success of our company not only financially, but also with invaluable industry expertise and access to the know-how of an established supplier of industrial components,” says Johannes Mayer, co-founder and Managing Director of Blue Inductive.
The series seed investment was led by a consortium of four institutional investors, including Phoenix Contact Innovation Ventures, High-Tech Gründerfonds, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg and VC Fonds Baden-Württemberg. The existing business angel and the four founders also took part in the round.
More information
Marcus Böker, Managing Director
About Blue Inductive GmbH
Blue Inductive is a German-based company founded in 2016 by Florian Reiners, Johannes Mayers, Benriah Goeldi and Johannes Tritschler, all four former employees of the renowned Fraunhofer Institute. The company develops wireless chargers for electric vehicles, e.g. for mobile industrial robots and electric cars. Using proprietary technology, Blue Inductive’s systems achieve a powerful and efficient charging process without the need for human intervention.