A funding. Backing the business is Rinkelberg Capital — the mutual fund from the founders of TomTom– and funds handled by an unnamed investment bank in Milan. It brings the overall raised by Eggtronic because 2012 to $17 million. Eggtronic states the capital will be utilized to establish a brand-new incorporated circuits division at the Eggtronic research laboratories as it continues along its roadmap of more efficient power transformers. Ultimately, the company hopes its “capacitive” wireless charging innovation will be embraced generally as a brand-new market standard.
Founded by CEO Igor Spinella out of Italy’s Modena– well-known for its balsamic vinegar, opera heritage and Ferrari and Lamborghini sports cars– and now with offices and production facilities in the U.S., Italy and China, Eggtronic is best-known for its streamlined laptop charger and stone-shaped wireless battery chargers. It likewise makes numerous power electronic devices for other brand names, and it is B2B, including producing ICs that other makers can utilize in their own gadgets, that is the business’s longer-term and “scalable” future.
Spinella tells me that Eggtronic’s customer and white-labeled products work as a direct way of signalling to the market what Eggtronic can and brings in earnings that can be reinvested into R&D to get to a much better cordless charging future.
“We were not in California, and working in a capital-intensive field nearly unidentified by Italian investors, we produced a pipeline able to confirm us as a production and design company, buy R&D– [including] being able to develop some unbelievable demos of our most innovating innovations– and scale globally,” discusses Spinella.
Those demonstrations consisted of a capacitive cordless surface able to charge a mobile phone in 2015, a TV in 2017 and 2 laptop computers linked and charging through data over power in 2020.
“These R&D demos were exceptionally essential turning points to verify our own idea of cordless power and information,” states Spinella. [This includes] overall position freedom: You can literally put every gadget on the desk arbitrarily, charging and linking them all.”
In addition, the company has been able to demonstrate high-power use-cases, and information over power that it declares can strike the very same speed of a USB 3 cable however wirelessly.
“This innovation has currently some industrial clients, the next steps are the production of ICs and the first retails products based on these ICs, then we can deal with the adoption by a leading company,” adds the Eggtronic founder.
In the interim, the company is using a few of the exact same capacitive technology to power conversion for existing applications, such as Eggtronic’s laptop computer chargers and power bricks.
“We filed several patents in this location, beginning with our capacitive power converters able to get rid of the transformer, increasing effectiveness and reducing size,” says Spinella. “Today we have numerous architectures that we invented, able to cover the majority of the common applications, from some 10s of Watts to kW, with our own resonant architectures (capacitive, inductive and hybrid), with numerous proprietary control algorithms, our own ‘Power Element Correction’ circuits, a number of exclusive ways to shrink the size of the parts, to minimize the variety of phases in series and so on.”
Spinella is being encouraged by consumer electronics seasoned Mark Gretton, who is the previous CTO of TomTom and helped leader mobile computing at Psion. He was presented to Eggtronic through Rinkelberg Capital, prior to deciding to invest and sign up with as a consultant.
“I chose to get involved because firstly I appreciated and liked Igor, however also since unlike numerous innovation business that come my way, the Eggtronic proposal was refreshingly basic,” Gretton informs me. “We are going to make something that is an essential part of everybody’s lives better through applying technology. There was no change of behaviour, complex organisation model, or solution to an issue no one understood they had. Just developing better power electronics for everyone.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.