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Stanley Black & Decker to Invest In Israeli Wireless Charging Startup Humavox

Connecticut based tool manufacturer Stanley Black & Decker confirmed that its corporate venture arm is the lead investor in Israeli startup Humavox. The investment is a part of $9 million investment round which was disculosed in January 2018.

Humavox's ETERNA technology platform uses near-field radio frequency for charging. The technology can be installed in various devices.

The partnership will enable Humavox to bring wireless charging to a broad array of products and technologies, while enabling efficient and uninterrupted usage of battery power. This cooperation signals a significant step in Humavox’s progression into the commercial and industrial space and will help the Israeli company make wireless charging more feasible and more readily available.

“This investment further solidifies Stanley’s partnership with Humavox to bring wireless charging capabilities to both commercial and industrial applications,” says Larry Harper, VP, Stanley Ventures, the corporate venture arm of Stanley Black & Decker.

Humavox was founded by CEO Omri Lachman and VP Innovation Asaf Elssibony.

Humavox CEO Omri Lachman said, “Humavox provides seamless wireless charging experiences, without changing user’s usability habits, and the advanced integration required for wireless charging across various apps and products, which were unaddressed by wireless charging before. Of all the advanced technologies currently being developed in Israel, we are proud to be Stanley’s first investment in the region.”

#Startup #Fundraising #Israel

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