Tesla Quietly Buys German Wireless Charging Tech Firm | Carscoops

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Tesla Quietly Buys German Wireless Charging Tech Firm | Carscoops
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Tesla is believed to have paid $76 million to purchase Wiferion and is known to be working on wireless charging technology car auto cars

Ordinarily, acquisitions like these would come with an announcement detailing the transaction but neither Tesla, nor thecompany Wiferion, have commented on the deal. What we do know is that Wiferion’s website says it is now part of ‘Tesla Engineering Germany GmbH’. A purchase price has also not been announced but it is believed to have been $76 million as this is the figure listed in Tesla’s most recent earnings report as ‘Business Combinations.

Wiferon has experience in developing and manufacturing inductive charging systems and has primarily provided its solutions to transport systems, forklifts, and robots,reports. Since Tesla acquired the company, updates made to the German Commercial Registry indicate that it will now have an increased focus on “products and services in the field of power electronics and other technical disciplines to support the advancement of electric vehicles and stationary energy storage systems and devices.

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