Apple Buys Wireless Charging Company PowerbyProxi For A Wireless Future

Apple buys NZ's PowerbyProxi

PowerbyProxi has has attracted previous worldwide investment from the likes of Samsung after developing around the Wireless Power Consortium's future Qi wireless charging standard.

Now, with the acquisition of this New Zealand-based firm, Apple seems to be working towards the platform, which would be capable enough to charge iPads and Mac. This is required because the wireless charging signal is not conducted by metal.

Also, it is rare for Apple to confirm any of its acquisitions, the terms of the deal are still being kept under wraps.

The company will remain in Auckland, New Zealand, Apple said in a statement.

Currently, iPhone 8 models can be charged by third-party pads, but transfer power is limited to 5 watts.

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Why it matters: Apple added wireless charging capabilities to the iPhone 8 and iPhone X and announced plans for a future wireless charging station.

PowerbyProxi's wireless tech features a modular, waterproof design that claimed to offer the highest power density of any wireless solution on the market today.

PowerbyProxi uses magnetic induction for its wireless power technology and its rechargeable battery system includes the world's smallest wireless power receivers, which are integrated directly into a device using the existing shape of AA batteries.

The company is owned by a who's who of local and global investors led by VC fund Movac with 20 per cent and founder Fady Mishriki with 18 per cent. "There is tremendous alignment with our values, and we are excited to continue our growth in Auckland and contribute to the great innovation in wireless charging coming out of New Zealand", Mishriki said. Apple also unveiled its multi-device wireless charger-the Airpower, establishing its commitment to the Qi wireless standard.

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