PHOENIX CONTACT Innovation Ventures participates in the Series A of its portfolio company Wiferion, formerly known as Blue Inductive
Wiferion successfully closed a Series A investment round led by the Danish investor Nordic Alpha Partners. Phoenix Contact Innovation Ventures and the other initial investors joined the round to continue supporting the company in its growth path.
Blomberg, Germany, October 2019
PHOENIX CONTACT Innovation Ventures joins the Series A financing round of its portfolio company Wiferion, formerly known as Blue Inductive (www.blue-inductive.de), a leading provider of high efficient wireless charging solutions for the industry. With the new funds, Wiferion will accelerate its market penetration and growth.
Since its incorporation, Wiferion has evolved into an innovative provider of industrial wireless charging systems. Blue Inductive’s etaLINK technology achieve highly efficient charging cycles with a compact and lightweight system due to patented innovations in the areas of circuit topology, control strategy and coil design. The easy implementation of wireless charging in the industry is one of the key enablers of fully automated factories and manufacturing processes.
After having launched its first commercial product, Wiferion have increased its market presence and could gain renowned industry players as customers, among others important AGV manufacturers. The new funds will be used to accelerate growth, continue developing the core technology and develop new systems for new applications.
PHOENIX CONTACT Innovation Ventures confirms its support of innovative and disruptive technologies:”Since our first investment back in 2017, Wiferion has shown an incredible and fast development, on the technical side but also in terms of market traction. We are happy to continue supporting this development together with the existing and new investors”, states Marcus Böker, Managing Director of PHOENIX CONTACT Innovation Ventures.
This significant Series A investment was led by Nordic Alpha Partner and joined by PHOENIX CONTACT Innovation Ventures and the remaining existing investors High-Tech Gründerfonds, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg and VC Fonds Baden Württemberg.
For more information please contact:
PHOENIX CONTACT Innovation Ventures
32825 Blomberg, Germany
Tel.: +49 5235 341423
Fax: +49 5235 343888
About PHOENIX CONTACT Innovation Ventures GmbH:
PHOENIX CONTACT Innovation Ventures is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The venture capital company invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets.
About Wiferion GmbH:
Wiferion is a Germany-based company founded in 2016 by Florian Reiners, Johannes Mayers, Benriah Goeldi and Johannes Tritschler, all four former employees at the renowned Fraunhofer Institute. The company develops wireless superchargers for electric vehicles, i.e. mobile industrial robots and electric cars. With proprietary technology, Wiferion’s systems achieve a high performing and efficient charging process without the need of human interaction.