Vancouver-based startup ELIX Wireless has signed a strategic collaboration agreement with Chongqing Zongshen Power Machinery, which also acted as the lead investor in ELIX’s $5-million Series A funding round.
ELIX will use the new investment to finalize the development of its E8K chargers, and to hire new employees, especially in the areas of engineering and supply chain.
ELIX began as a spin-out from the University of British Columbia in 2013, to commercialize its Magneto-Dynamic Coupling (MDC) technology. MDC uses the interaction between magnetic fields to create a “remote magnetic gear” system with full 360-degree freedom of orientation. MDC operates at a frequency of 80-400 Hz, 1,000 times lower than a resonant inductive system.
MDC produces less electromagnetic interference than a high-frequency system, and generates less heat, so it can be used in a wide range of conditions. The ELIX system does not rely on electrical contact between the self-contained units. It is suited for underwater applications, and can even send power through metal.
The ELIX system can automatically detect the presence of a receiver and begin charging, enabling a Park-and-Charge system. It can also automatically react when a metallic object comes into the charging zone and remove the object without user intervention.
“Zongshen bring unparalleled engineering and manufacturing experience to the company. Whereas ELIX has one of the best R&D teams in Canada, it would have taken years to scale up manufacturing, as we could not find that kind of manufacturing expertise in Canada. By teaming up with Zongshen, ELIX will be able to enter the market much faster,” said ELIX CEO Rosalie Hou.