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Metaboards successfully raised capital for its wireless-based charging technology. Metaboards announced an investment of 5 million capital was mainly lead by science equity investor Oxford Sciences Innovation (OSI) with additional capital coming from investors RT Capital Management Inc and Woodford Investment Management Ltd.
The financing will be used for continuous expansion right from bringing the technology to market as well as patenting the core wireless charging technology.
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Established in 2016 by professors and researchers from Oxford University, led by CEO Nedko Ivanov Metaboards technology utilizes 'metamaterials' to possibly make a vastly improved wireless charging arrangement that would reduce to certain extent a portion of the shortcomings of the present tech.
Metaboards are using innovative ways to embed charging into surfaces wirelessly so that multiple items can be charged without the need for multiple power sources.
Key applications include charging computers tablets, games consoles and controllers, and any other non-metal electronic device on the same surface at the same time.
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