Resonant Link, a Burlington, Vt.-based developer of wireless charging technology for medical devices and electric automotive fleets, raised $9.3m in seed funding.
The round was led by The Engine, with participation from new investor Volta Energy Technologies, pre-seed investors including Emerson Collective, Scout Ventures, Urban Us, and FreshTracks Capital.
The company intends to use the funds for strategic hiring, product development and customer deployment.
Resonant Link is building best-in-class wireless chargers to power implantable medical devices and accelerate electrification in robotics, material handling, and electric vehicles. Its powerful multi-layer self-resonant structure (MSRS) enables wireless chargers that are:
- 5-10x higher performance than is possible with existing technologies
- 5-10x faster charge (speed)
- 4x lower normalized cost
- 3x lighter in weight
- 3x smaller in size
Founded in 2017 by CEO Grayson Zulauf, PhD, Electrical Engineering, Stanford University, CTO Aaron Stein, PhD, Power Electronics, University of Michigan, CSO Phyo Aung Kyaw PhD, Electrical Engineering, Dartmouth, and Professor Charlie Sullivan of Dartmouth, Resonant Link is building wireless chargers to accelerate electrification in markets like robotics, material handling, and electric vehicles. Its products unlock electrification by recharging vehicles during the short stops that already exist during operation to extend range and shrink on-board batteries. Since founding, the company has landed customers in every sector (including 6 Fortune 500 companies) to power their mission-critical applications.
The company is headquartered in Vermont, has employees in Massachusetts, California, and Zurich and plans to expand in all three locations in 2022.