Volvo Group Venture Capital announces investment in Momentum Dynamics.
Auto Business News-January 15, 2019--Volvo Group Venture Capital announces investment in Momentum Dynamics
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Auto Business News - 15 January 2019
Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, has announced an investment in Momentum Dynamics Inc, a company involved in high power wireless charging of electric vehicles.
Wireless electric charging enables any type of vehicle to automatically and without supervision, connect to the electrical power grid without the use of wires or cables. Without the need for a driver to plug in their vehicle to a charging station, automatic and bi-directional 'electric fuelling' is likely to occur frequently and opportunistically, resulting in efficient use of battery capacity, longer driving ranges and improved uptime.
Per Adamsson, vice...
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