Volvo Group subsidiary invests in wireless electric charging company

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Updated Jan 21, 2019

Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, on Wednesday announced its investment in Philadelphia-based Momentum Dynamics Inc – a provider of high-power wireless charging capabilities for electric vehicles.

Momentum Dynamics develops and commercializes high-power inductive charging for the automotive and transportation industries, suitable for commercial electric, autonomous and connected vehicles.

Volvo Group Venture Capital Vice President Per Adamsson says Momentum Dynamics’ technology and competence within inductive bi-directional transmission of electrical energy and information safely through air, water and ice will fit the harsh conditions under which our customers operate.

“High capacity charging up to 300 kW for trucks, buses, construction equipment, industrial and marine applications will support the electrified transition,” he adds.

Wireless electric charging allows 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 fueling” may occur frequently and opportunistically – resulting in efficient use of battery capacity, longer driving ranges and improved uptime.

Momentum Dynamics is conducting pilots in Europe and North America with both fleets and vehicle manufacturers of cars, buses, trucks and trains.