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Zhejiang VIE Science and Technology leads US$10M Series B for wireless charging company Evatran

Evatran Group, Inc. and Zhejiang VIE Science and Technology Company (VIE), a leading manufacturer of automotive parts based in Zhejiang Province, China earlier this month moved to the second phase of a planned global expansion with Evatran’s Plugless EV charging technology. VIE’s total $3.2-million investment to date formally kicks off Evatran’s $10M Series B Raise with VIE as lead investor and plans for a third investment as the companies move forward in North America and China.

VIE and Evatran plan to expand Plugless growth in North America and introduce proven wireless EV charging products in China, the fastest growing electric vehicle market.

VIE is a Tier 1 automotive manufacturer which services both China-based OEMs and the global automotive market. This relationship with Evatran is part of several key strategic investments by VIE in new vehicle technologies.

In 2013, Evatran completed field trials of wireless EV charging in partnership with Google, Hertz, SAP and Duke Energy and in March of 2014, began selling directly to EV owners in the United States and Canada. To date Plugless has provided more than 350,000 trouble-free wireless charge hours. Currently, Plugless supports 3.3kW charging for the Chevy Volt, Nissan LEAF and Cadillac ELR EVs. Plugless support for additional EV makes and models are expected to be released in Q1 of 2016.


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