The electric startup raised about 30 million
2022.12.02 07:07
The electric startup raised about 30 million
Budrigannews.com – Reach Power Inc., a Silicon Valley startup that transmits electricity via a wireless network, announced on Friday that it has raised $30 million in a funding round that will help make its products more commercially viable.”
Reach founder and CEO Chris Davlantes said that a newly developed powerful antenna with the ability to accurately focus energy beams and an improved control program made it possible to create an efficient wireless power transmission system. To demonstrate this technology, antennas from a large dish and strong sources were previously used.
Davlantes showed Reuters how antenna-based wireless power receivers can turn on a radio that is not powered by batteries at a distance of 25 feet 7.6 meters from the antenna. Dalvante replied: “Systems can detect objects, disable them, or route around” when he was asked about the protection of firing with stronger electric beams.
When you are near one of our company’s systems, we guarantee you that your exhibition will be the same as all mobile phones,” he said. He announced the signing of a contract with the US Department of Defense to develop prototypes capable of combining several emitting modules to improve energy transmission and increase the range of operations.
At the same time, Reach has developed a chip for transmitting and receiving waves carrying electricity. This chip is used for commercial products that the company intends to launch in the first half of the quarter.
The initial customers are manufacturers, logistics firms that use robots and autonomous vehicles. Matt Ockko, co-founder of DCVC, and also responsible for financing this round, said that “Rake will make power what Wi-Fi did for the Internet — cut the cord.”
“The combination of capacities, distances, scales, energy efficiency, safety, economic efficiency, according to him, cannot be equal to any other start-up enterprise in the region.
