Blue Inductive, a Freiburg, Germany-based startup that develops wireless battery charging systems for industrial applications, raised a funding from undisclosed amount.
Backers included High-Tech Gründerfonds (HTGF), Phoenix Contact Innovation Ventures, VC Fonds Baden-Wuerttemberg, MBG Mittelständische Beteiligungsgesellschaft and a business angel.
The company intends to use the funds to support the market launch of its technology.
Founded in April 2016 by CEO Florian Reiners and CFO Johannes Mayer, Blue Inductive is developing highly efficient wireless battery charging systems for industrial applications. The maintenance-free systems enable fully automatic charging – without human intervention. This solution eliminates the disadvantages associated with conventional plugs and charging contacts, thus enhancing process efficiency in logistics and production facilities.