Woori Venture Partners Invests in Xnergy to Drive Growth in Wireless Charging for Robots and Electric Vehicles

Woori Venture Partners, a South Korean venture capital firm, has made a strategic investment in Xnergy Autonomous Power Technologies, a Singapore-based company in high-power wireless charging solutions

The investment will aid Xnergy in advancing its wireless charging technologies, which are designed for industrial robots and electric vehicles, areas that are increasingly in demand as industries look to improve efficiency and sustainability.

The investment from Woori Venture Partners will help Xnergy scale its operations and broaden its focus on emerging markets, including new energy vehicles. The funds will also enable the company to enhance its wireless charging systems for industrial robots and electric vehicles. 

Xnergy’s products are already used across a range of sectors, with over 60 product categories deployed in nearly 40 countries. Its solutions are recognized for their universal compatibility and modular designs, which allow customization for diverse customer requirements.

Founded in 2018, Xnergy has been working particularly for mobile robots and electric vehicles. The company’s proprietary systems support power densities ranging from 3 to 22 kilowatts. Its designs offer scalability and high power density, addressing the growing demand for efficient charging solutions across multiple industries. Xnergy’s charging modules have already enabled more than one million successful charging cycles worldwide.

This funding follows previous investments from Hyundai Motor Group and Accuron Technologies, a subsidiary of Temasek Holdings. Xnergy plans to use the current investment to expand into new energy vehicle markets and strengthen its presence in the growing sectors of mobility and robotics. The company’s existing global network of customers and partners, including mobile robot companies and system integrators, will help drive this expansion.

Mr. Alan Ang, Director of Woori Venture Partners, expressed excitement about supporting Xnergy’s ambition to become a global leader in wireless charging technology. He highlighted that Woori Venture Partners has a strong track record of investing in industries such as batteries, robotics, and mobility and believes Xnergy’s innovative solutions will be important in sustainable growth in these sectors. 

Dr. Hu Xiaolei, Xnergy’s Chief Technology Officer, emphasized that the investment will enable the company to further accelerate its expansion and continue delivering solutions to meet the evolving needs of its customers globally.

Beyond its hardware offerings, Xnergy provides sophisticated software solutions, including client and cloud platforms, to track and enhance charging performance. These platforms allow for the customization of charging curves, which accelerates charging times, extends battery lifespan, and boosts overall efficiency. 

This integration of hardware and software enables Xnergy to deliver flexible, high-performance solutions for a wide range of industries, including mobile robotics and electric vehicles.

Xnergy’s team, which includes experts from top companies like ON Semiconductor, HP, and Porsche, brings significant experience in tackling the complexities of high-power wireless charging. With 80% of the team possessing international experience and over half holding advanced degrees, Xnergy is well-equipped to lead innovation in this rapidly evolving field. The investment from Woori Venture Partners will support the company in maintaining its momentum and expanding its reach.