Chargifi gets £5m investment boost to power expansion

Wireless power company Chargifi has entered a new growth phase following a £5m investment boost led by Accelerated Digital Ventures (ADV), with other investors including HPE and firstminute capital.

The investment enables Chargifi to push ahead with expansion plans across US and Asian markets and also double its headcount over the coming year.

According to Global Marketing Insights the wireless charging market is set to be worth $25bn by 2023.

In a related deal HPE will add Chargifi's wireless power to its connectivity solutions and take it to worldwide customers.

Also announced is a strategic partnership with IoT platform Losant, an HPE partner.

Chargifi co-founder and CEO Dan Bladen said: "This funding gives us the firepower to scale our growth plans, as well as strategic value and partnerships from our investors.

"As a society, we have never been more reliant upon power for our phones and vehicles than we are today. In just a few years from now wireless power will be as ubiquitous as Wi-Fi.

"Chargifi is doing for power what WiFi did for connectivity - cutting the final cord and helping people get power when and where they need it."

Mike Dimelow, Chief Investment Officer at ADV, added: "Building out the infrastructure to enable consumer wireless charging at scale needs to happen now."

Vishal Lall, SVP, Strategy and Ventures, HPE, said: "Today's enterprises are demanding more connectivity, and power is central to that experience."