Wireless charger maker ELIX nets $5 mln in Series A round

Vancouver-based ELIX, a wireless charging technology provider, has secured US$5 million in Series A funding. Chongqing Zongshen Power Machinery Co Ltd, an affiliate of China's Zongshen Group, led the round. Founded in 2013 as a spin-out from the University of British Columbia, ELIX produces a wireless power transfer technology using magneto-dynamic coupling. The product is targeted to a wide range of industries. ELIX said the funds raised, and its partnership with Zongshen, will back development and manufacturing of its wireless chargers for Chinese and North American markets.

CanadaNorth AmericaBriefs