Metaboards has successfully secured a $5 million investment to bring its pioneering wireless charging technology to the market. This latest funding round, led by Oxford Sciences Innovation, signifies a critical step forward for Metaboards in the competitive landscape of wireless technology.
Using metamaterials, Metaboards is transforming how devices charge by allowing multiple electronics to power up on the same non-metal surface. This is a significant leap in flexibility and functionality, poised to disrupt the current norms of electronic device charging.
Founded in 2016 by Oxford University’s leading professors, Metaboards has been at the forefront of revolutionising wireless charging. The company’s innovation lies in its use of metamaterials, unique materials structured to offer properties not available in nature. This technology allows devices ranging from tablets to computers to charge wirelessly on any non-metal surface without needing alignment or multiple inputs.
With a fresh $5 million investment led by Oxford Sciences Innovation (OSI) and contributions from RT Capital Management and Woodford Investment Management, Metaboards is poised for accelerated growth. “Our investment will help bring this groundbreaking technology to market,” says Will Goodlad of OSI. The funding will enhance Metaboards’ capabilities across all wireless power platforms, promising universal applications.
Metaboards’ innovation aligns with industry trends predicting substantial growth in wireless charging solutions. By simplifying device charging, they address a significant market need, enhancing consumer convenience and device usability.
Adding to its strategic strength is Chairman Pete Hutton, former President of ARM product groups. This seasoned leadership team is pivotal in steering Metaboards towards achieving its innovative goals and capturing new market segments.
This capability is transformative, promising a seamless integration into various environments, from homes to workplaces. With this flexibility, Metaboards is not just innovating but setting a new standard in wireless power solutions.
Such licensing agreements not only boost revenue but also establish Metaboards as a frontrunner in wireless technology. The potential to reshape how power is delivered to devices is immense, marking a new chapter in tech innovation.
The impact of Metaboards’ technology extends beyond consumer convenience, heralding a new era in power delivery systems across sectors. It offers possibilities for streamlined designs and enhanced product efficiencies, pivotal in today’s tech-driven world.
Metaboards is undeniably at the forefront of wireless charging technology with its innovative solutions. The significant investment and strategic leadership place the company in a strong position to influence the future of electronic device charging. With its advanced technology, Metaboards is set to lead the evolution of power delivery systems globally.