Seattle-area startup Ossia lands investment from Toyota Group subsidiary Toyoda Gosei

Originally posted by Taylor Soper on GeekWire July 30, 2020

Ossia is teaming up with a Toyota Group subsidiary to fuel development of its wireless power technology.

The Seattle-area startup announced a commercial agreement deal and a strategic investment from Toyoda Gosei, a Toyota Group company that makes rubber and plastic products for customers around the world.

It’s the latest partnership for Ossia, a 12-year-old startup that has developed Cota, a long range wireless power system that it licenses to other companies.

“This is an exciting time,” Doug Stovall, chief revenue officer at Ossia, said in a statement. “This partnership will not only help advance the use of wireless power for different applications within the automotive industry, but also lead to additional wirelessly powered inventions that can be leveraged across a spectrum of commercial, consumer, and IoT uses.”

Ossia recently received FCC certifications for its technology. The company has raised $50 million from investors including Intel CapitalKDDI, Molex, and others. It was founded by Hatem Zeine in 2008 and is now led by CEO Mario Obeidat, who took over in 2017. Zeine showed GeekWire some of Ossia’s early prototypes back in 2014.