PowerbyProxi is a spin-out from University of Auckland’s Engineering School, and is a product of nearly three decades of research by the wireless power faculty. PowerbyProxi is commercialising its technology in industrial and consumer applications.
Movac lead the initial investment round and participated in all subsequent rounds through to Series D. Other significant investors included Samsung Ventures and TE Connectivity. In 2017 the company was acquired by Apple Inc.
Apple senior vice president of hardware engineering Dan Riccio said “PowerbyProxi’s team would be a great addition as Apple works to create a wireless future. We want to bring truly effortless charging to more places and more customers around the world.”
PowerbyProxi CEO Fady Mishriki said “We are thrilled to join Apple. There is tremendous alignment with our values, and we are excited to continue our growth in Auckland and contribute to the great innovation in wireless charging coming out of New Zealand.”
Apple doubles down on wireless charging with its latest acquisition
FounderFady Mishriki & Greg CrossCEOFady MishrikiIndustryTechnology – HardwareWebsitepowerbyproxi.com
Total raised: $9M
Investors 1
Date | Name | Website |
- | Movac | movac.co.n... |
Funding Rounds 2
Date | Series | Amount | Investors | Deal News |
01.10.2013 | - | $4M | - | finsmes.co... |
15.04.2013 | Series C | $5M | - | movac.co.n... |
Mentions in press and media 21
Date | Title | Description | Category | Author | Source |
25.10.2017 | Apple doub... | Apple is doubling on wireless ... | AirPower, ... | Jon Russel... | techcrunch... |
25.10.2017 | Term Sheet... | 5 Qs WITH A DEALMAKER Vijay P... | - | - | fortune.co... |
24.10.2017 | Apple has ... | Apple has bought Kiwi tech com... | - | - | patentlyap... |
16.06.2016 | Apple's Ma... | Today, the U.S. Patent and Tra... | - | - | patentlyap... |
01.02.2016 | 2015 - Tha... | The ramblings of an over activ... | - | - | movac.co.n... |
13.08.2014 | PowerbyPro... | PLEASANTON, Calif. Aug. 12, 20... | - | - | movac.co.n... |
21.05.2014 | Silicon Va... | The New Zealand based develope... | - | - | movac.co.n... |
15.10.2013 | Samsung Se... | According to a new report toda... | - | - | patentlyap... |
01.10.2013 | PowerbyPro... | PowerbyProxi, an Auckland, New... | funding S... | - | finsmes.co... |
30.09.2013 | PowerbyPro... | AUCKLAND, NEW ZEALAND, Devel... | - | - | vcnewsdail... |
Show more