Chinese auto parts giant invests $1.6 million in wireless charging pioneer Evatran

Plugless Power Leaf

Evatran, the developer of the Plugless wireless Level 2 charging system, has received a strategic investment of $1.6 million from Zhejiang VIE, a Chinese Tier 1 auto parts supplier. The investment is the first phase of a partnership between the two companies to introduce wireless charging to China, potentially the world’s largest EV market.

Evatran began selling its Plugless systems to EV owners in the US and Canada in March of 2014. Plugless currently supports 3.3 kW charging for the Volt, the LEAF and the Cadillac ELR. A 6.6 kW system that supports Tesla and BMW EVs is scheduled for launch later this year.

Navigant Research expects the global EV charging market to grow to $2.9 billion by 2025.

Source: Evatran

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