Power electronic devices and cordless charging start-up Eggtronic raises $10M Series A

Power electronic devices and cordless charging start-up Eggtronic raises $10M Series A

Eggtronic, the Italy-founded start-up establishing power electronic devices, wireless charging and data over power innovation and items, has actually closed around $10 million in Series A financing. Backing the company is Rinkelberg Capital — — the investment fund from the founders of TomTom — — and funds managed by an unnamed investment bank in Milan. It brings the overall […] Eggtronic says the capital will be used to develop a new integrated circuits department at the Eggtronic research labs as it continues along its roadmap of more effective power transformers.”These R&D demonstrations were very important turning points to verify our own idea of cordless power and data,” says Spinella.”We submitted several patents in this area, beginning from our capacitive power converters able to eliminate the transformer, increasing effectiveness and reducing size,” says Spinella.”I chose to get involved because to start with I liked and respected Igor, however likewise since unlike so numerous innovation business that come my way, the Eggtronic proposal was refreshingly easy,” Gretton informs me. …