“With Qualcomm technology and expertise, we have been able to deliver innovative automotive solutions, like Qualcomm Halo wireless electric vehicle charging (WEVC), not only to support the shared vision of a more efficient, safer and cleaner urban mobility, but also to transform the automotive experience,” said Steve Pazol, advisor, and former vice president and GM, Wireless Charging, Qualcomm Incorporated. “Qualcomm is confident that combining WEVC under WiTricity’s leadership will create accessibility to and demand by customers for this exciting technology.”
The global electric vehicle market is at a tipping point and Qualcomm had been struggling to gain traction with cr makers. It is estimated that more than 120 million EVs will be on the road by 2030 with over $50 billion being invested in charging infrastructure. By 2040, 200 million EVs will be on the road in China alone; and globally, 559 million -- or a third of all cars. All of these could be charged simply and wirelessly with WiTricity’s unique technology.
The acquisition follows other significant recent milestones for WiTricity. The company has signed several new licensing deals including Mahle in Germany and Anjie Wireless in China. Earlier this year, Honda and WiTricity demonstrated their wireless vehicle-to-grid charging model at CES in Las Vegas using WiTricity’s DRIVE 11 wireless charging system. Last year saw the introduction of the world’s first vehicle that is factory equipped with wireless charging, the BMW 530e iPerformance.