Chargifi announces funding to power growth and global expansion
Today we are delighted to announce our latest £5 million funding round. The investment is led by Accelerated Digital Ventures (ADV), with other investors including Hewlett Packard Enterprise (HPE) and firstminute capital. The funding will bring us the financial support needed to scale our growth plans across US and Asian markets, as well as bringing strategic value and partnerships from each of our investors: HPE will be taking Chargifi’s wireless power to its worldwide customer base as part of its connectivity solutions.
Collectively, this group of investors believes in the potential and opportunity that surrounds the wireless world and is backing Chargifi to build out the smart infrastructure to enable consumer wireless charging at scale.
We have never been more reliant upon power than we are today: the world is going electric and electric is going wireless. With Chargifi’s foundational software platform we will be leading the global evolution to deliver wireless power at scale. Chargifi is doing for power what Wi-Fi did for connectivity: cutting the final cord and helping people get power when and where they need it. From coffee shops to hotels, airports to campuses - it’s safe to say that in just a few short years from now wireless power will be as ubiquitous as Wi-Fi.
This funding is a significant milestone for Chargifi and we are excited to build on our success to date to realise the vision of a wireless world, and lead and define this market. Wireless charging is not just for phones and tablets, this year you will be able to charge your BMW or Mercedes wirelessly – we have a patent that covers Chargifi from phones to drones.
We have a very exciting time ahead of us. We are looking forward to expanding our team, growing our global customer and partnership base to deliver a truly wireless world.
Mike Dimelow, Chief Investment Officer at ADV commented: “Building out the infrastructure to enable consumer wireless charging at scale needs to happen now. Chargifi is a market-leading platform that will allow billions of us to take advantage of wireless power. We are proud to be leading a round which includes HPE and firstminute capital, partnering with existing investor Intel Capital. With patient venture backing as well as an incredibly ambitious leadership team, Chargifi will be market-defining.”
Vishal Lall, SVP, Strategy and Ventures, Hewlett Packard Enterprise said: “Our focus for the Pathfinder program is to identify and invest in companies with the greatest potential and integrate them into our solutions. This unique approach enables us to offer differentiated solutions to solve critical problems for customers.”
Lall continues: ”Today’s enterprises are demanding more connectivity, and power is central to that experience. We are excited to invest in Chargifi’s unique and progressive technology and integrate it as part of our connectivity solution for the benefit of our customers around the world.”
Spencer Crawley, co-founder & General Partner, firstminute capital commented: “The Chargifi team have something rare, the foresight and resilience to found a business ahead of its time. firstminute capital firmly believes that this persistence, as well as passion, puts Chargifi in a uniquely advantageous position to become the leader in a new, rapidly expanding market. We are delighted to be partnering with Dan and the team, and are excited to play a small role in helping Chargifi scale globally, as wireless charging becomes ubiquitous.”
If you’re interested in finding out more about the opportunities that wireless power can bring, please contact our sales team on firstname.lastname@example.org or +44 (0) 20 3735 8784.