Participants in this round of financing include Hyde Park Angels, Independence Equity Management LLC, Harvard Business School Angels, an unnamed strategic corporate investors, as well as several existing investors. This recent raise will be used towards furthering commercial development, as well as increasing efforts to improve NuCurrent’s global market share. Wireless charging technology is seeing a rapid increase in demand, with a projected sales estimate for power transmitters and receivers to reach $8.5 million in 2018 (per IHS Technology). With this growing demand for wireless power applications, NuCurrent’s high-efficiency antennas are expected to perform well in the consumer market, where the desire for greater charging flexibility, efficiency, and speed match our every-growing consumption/reliance on mobile devices. Learn more about NuCurrent.
