Siemens’ $25 Million Investment in WiTricity

Goodwin Procter advised WiTricity, while Wiggin and Dana LLP acted for Siemens.

WiTricity announced its receipt of a $25 million minority stake investment by Siemens.

WiTricity is a trailblazer in wireless charging for electric vehicles, leading the development and implementation of magnetic resonance technology across passenger and commercial vehicles.

Siemens is a technology company focused on industry, infrastructure, transport, and healthcare.

Siemens will also become a technology license partner, benefitting from WiTricity’s deep know-how and decade-long collaboration with global automotive OEMs to develop proven, field-tested, interoperable wireless charging solutions.

The Goodwin team was led by Michael Kendall (Picture), Kristin Gerber, Khalid Elwanni and Jeffrey Toomey (Corporate); and Stephen Charkoudian, Achal Oza and Gozde Guckaya (IP), with invaluable assistance from Coleen Doyle.

The Wiggin and Dana team comprised of Partner Evan Kipperman, Counsel R.J. Kornhaas and Associate Kelsey Loomis. 

Involved fees earner: Stephen Charkoudian – Goodwin Procter; Khalid Elwanni – Goodwin Procter; Kristin Gerber – Goodwin Procter; Gozde Guckaya – Goodwin Procter; Michael Kendall – Goodwin Procter; Achal Oza – Goodwin Procter; Evan Kipperman – Wiggin & Dana-Nh ; Robert Kornhaas – Wiggin & Dana-Nh ; Kelsey Loomis – Wiggin & Dana-Nh ;

Law Firms: Goodwin Procter; Wiggin & Dana-Nh ;

Clients: Siemens; WiTricity;

Martina Bellini

Author: Martina Bellini