Eatorlink Inc., a startup company from Stanford University in the US that aims to realize a “digital world” without wires through wireless power supply, has raised 1.8 billion yen in a Series B extension round, 1 billion yen in venture debt, and a total of 3.86 billion yen in Series B round funding. With this, the cumulative amount raised since the company’s establishment is approximately 6.8 billion yen.
This Series B extension round was underwritten by nine companies, including existing investors JAFCO Group, Mirai Creation III Fund managed by Sparx Asset Management, Keio Innovation Initiative, Itochu Technology Ventures, and Mizuho Capital, as well as new investors Energy & Environment Investment, Boost Capital, Mirai Creation Capital, and Resona Capital.
Additionally, the company has raised venture debt funding from Shizuoka Bank, Funds Startups, and Aozora Corporate Investment.
Aiming to realize a “digital world” without wiring through microwave wireless power transfer, Aetherlink is expanding its business by applying wireless power transfer technology to three areas: FA (Factory Automation), building management, and medical care, and is providing the spatial transmission type wireless power transfer solution “AirPlug™.”
The funds raised this time will be used to develop new products in the factory automation field, expand the AirPlug™ business globally in the building management field, and invest in research and development in the semiconductor business and new fields. In addition, the company plans to develop new products by working to resolve technical issues such as further improving power transmission distance and miniaturization, as well as reducing costs.
As we develop new global markets, we will accelerate our business in order to establish infrastructure for wireless power transfer technology and become its main platform provider.
SOURCE: PRTimes
