Apple acquires wireless charging company PowerbyProxi

Apple has recently acquired PowerbyProxi, a wireless charging company based in New Zealand. Yesterday Apple confirmed an earlier report by New Zealand website Stuff, about the acquisition of the company. However, financial figures of the acquisition are not disclosed yet.

According to a report published on Stuff, the company designs wireless charging systems which are compatible for integrating into other devices.

PowerbyProxi was founded by an entrepreneur Fady Mishriki in 2007. This startup was a result of a venture at the University of Auckland. The company specializes in providing small QI standard-compliant modules which enables wireless battery charging for devices like robots, drones, gadgets, and medical equipment.

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Usually, Apple gives controversial statements by neither denying an acquisition nor accepting it, but it looks like Apple’s VP of hardware engineering Dan Riccio has given a clear statement,

“The company will be a great addition as Apple works to create a wireless future. We want to bring truly effortless charging to more places and more customers around the world.”

PowerbyProxi’s wireless charging devices are capable of transferring 100-watt power which will enable Apple to use these modules for larger and more power consuming devices like Macbook.

According to PowerbyProxi’s Fady Mishriki,

“The team and I are thrilled to join Apple. 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.”

Apple has brought a handful of features in its newly announced iPhone X, like wireless charging and Face ID, which is set to launch on 3rd of November. However, simultaneously Apple seems to be worried about the sales of its already launched iPhone 8.