Home / Business / Metaboards raises $5M for ‘metamaterials’-based wireless charging tech

Metaboards raises $5M for ‘metamaterials’-based wireless charging tech

Metaboards, an Oxford-based startup that is developing new wireless charging technology, has secured $5 million in funding. The round is led by Oxford Sciences Innovation (OSI), with participation from RT Capital Management, and Woodford Investment Management. The burgeoning company will use the new funds to expand the team with the aim of bringing its patented ‘metamaterials’-based wireless charging tech to market.

Founded in 2016 by professors and published researchers from Oxford University, Metaboards is applying the use of ‘metamaterials’ to potentially create a much-better wireless charging solution that would negate some of the shortcomings of today’s tech. This will include removing the need for alignment between the charger and device, and the ability to charge multiple devices without multiple charging points.

More broadly, metamaterials are new types of materials made up of compounds such as plastics or metals that are arranged in ‘geometric structures’ that have properties not found in nature. The most extreme example could be an ‘invisibility’ cloak! However, metamaterials are a hot area of industrial research that has a plethora of more tangible applications. Metaboards thinks wireless charging is definitely one of them.

In a brief call, Metaboards CEO Nedko Ivanov, who previously led audio and haptics company Redux — which we reported was acquired by Google last year — told me the startup already has a working prototype that it will demo at the next CES and Mobile World Congress. It is also in discussions with various OEMs to explore ways to bring products to market based on the tech.

As well as negating the need for alignment, which, Ivanov notes, means that current wireless charging solutions aren’t that different to actually plugging a device into a charger, Metaboards’ solution has much better vertical reach/penetration. So, for example, rather than having to drill into a table to retro-fit a charging solution, in theory Metaboards’ technology could be placed on the underside of a table and effectively charge through it. Add in the ability to charge multiple devices on the same surface and things get interesting.

“Metaboards’ technology makes it possible to charge tablets, games consoles and controllers, computers and any other non-metal electronic device at the same time and on the same surface,” says the company. It also points to a recent report from Grand View Research that predicts that the global wireless charging market will be worth $22.25 billion by 2022.

Adds Ivanov in a statement: “This investment will help us to grow the company and extend our capabilities across all wireless power technology platforms to ensure we offer universal capabilities. We already have interest from companies looking into licensing the technology in the next six to 12 months”.

Check Also

Funderbeam CEO to talk about disrupting startup funding at Disrupt Berlin

Startup funding hasn’t changed much in the past decade. Funderbeam is an interesting company trying to turn everything upside down using a marketplace approach, a modern syndication system and a blockchain-based platform. I’m excited to announce that Funderbeam founder and CEO Kaidi Ruusalepp will come to TechCrunch Disrupt Berlin. The first boom of venture capital of the 1980s changed everything in the tech industry. Countless of tech startups managed to get funding, grow and make money down the road. Without venture capital firms, some of the biggest tech firms out there just wouldn’t be around. Arguably, convertible notes and accelerators turned startups into a mainstream phenomenon. It became much easier to get seed funding and some sort of mentorship. But it hasn’t changed much since then. Funderbeam has some ambitious goals as the company wants to change everything by adding more transparency and liquidity into private funding. Funderbeam combines multiple products into one. As a startup, you can use Funderbeam to raise your next funding round. Funderbeam acts as a marketplace so that angel investors can invest in your startup. As a business angel, you can invest in a syndicate. The startup is also building a secondary market so that early investors in a company can sell shares to newer investors. And Funderbeam also compiles all its data on startups to create a database of financial information on startups. Buy your ticket to Disrupt Berlin to listen to this discussion and many others. The conference will take place on November 29-30. In addition to fireside chats and panels, like this one, new startups will participate in the Startup Battlefield Europe to win the highly coveted Battlefield cup. Kaidi Ruusalepp Founder & CEO, Funderbeam Founder and CEO of Funderbeam, the global funding and trading platform of private companies built on blockchain. Funderbeam combines three stages of investor journey into one: startup analytics, investing, and trading on the secondary market. Powered by blockchain technology, the marketplace delivers capital to growth companies and on-demand liquidity to investors worldwide. Member of Startup Europe Advisory Board at European Commission. Kaidi is a former CEO of Nasdaq Tallinn Stock Exchange and of the Central Securities Depository. Co-Founder of Estonian Service Industry Association. The first IT lawyer in Estonia, she co-author of the Estonian Digital Signatures Act of 2000 — landmark legislation that enables secure digital identities and, in turn, the country’s booming electronic economy. Kaidi was named as an Entrepreneur of a Year in 2018 by the Playmakers Technology Award and as a Person of a Year in 2016 by the Estonian IT and Telecommunication Association. Co-author of #Foundership Playbook and mentor of various girls and women in tech initiatives.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.