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POWER BY PROXI

https://powerbyproxi.com/
Last activity: 13.07.2026
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Categories: B2CEdTechEngineeringFinTechIndustryProductResearchTechnologyUniversityWireless
PowerbyProxi is a spin-out from University of Auckland’s Engineering School, and is a product of nearly three decades of research by the wireless power faculty. PowerbyProxi is commercialising its technology in industrial and consumer applications.
Movac lead the initial investment round and participated in all subsequent rounds through to Series D. Other significant investors included Samsung Ventures and TE Connectivity. In 2017 the company was acquired by Apple Inc.
Apple senior vice president of hardware engineering Dan Riccio said “PowerbyProxi’s team would be a great addition as Apple works to create a wireless future. We want to bring truly effortless charging to more places and more customers around the world.”
PowerbyProxi CEO Fady Mishriki said “We are thrilled to join Apple. There is tremendous alignment with our values, and we are excited to continue our growth in Auckland and contribute to the great innovation in wireless charging coming out of New Zealand.”
Apple doubles down on wireless charging with its latest acquisition
FounderFady Mishriki & Greg CrossCEOFady MishrikiIndustryTechnology – HardwareWebsitepowerbyproxi.com
Mentions
40
Total raised: $9M

Investors 1

DateNameWebsite
-Movacmovac.co.n...

Funding Rounds 2

DateSeriesAmountInvestors
01.10.2013-$4M-
18.04.2013Series C$5M-

Mentions in press and media 40

DateTitleDescription
13.07.2026Wireless Charging Market Set to Transform Consumer Electronics and Automotive Power EcosystemsGlobal Wireless Charging Market size was valued at USD 29.20 Bn in 2023 and is expected to reach USD 147.25 Bn by 2030, at a CAGR of 26 %. Wireless Charging Market Overview: Maximize Market Research is a Business Consultancy Firm that has p...
10.12.2020Investment Notes #4 - Mint InnovationWe are excited to announce Movac Fund 5’s fourth investment – Mint Innovation. Movac led the $20m Series B round with a $9m commitment and is the fund’s first growth stage investment. This one might come as le ...
04.12.2020Exit Notes - UnleashedExit Notes – Unleashed Our journey with Gareth and Unleashed began some years before we invested. At the time, we were investing out of Movac Fund 2 and then Fund 3. The first few times we interacted with Unleashed on investment t...
25.10.2017Apple doubles down on wireless charging with its latest acquisitionApple is doubling on wireless charging, the technology that debuted in this year’s iPhone 8 and iPhone X, after it scooped up New Zealand-based company PowerbyProxi in its latest piece of M&A. Ten-year-old PowerbyProxi is a spinout of t...
25.10.2017Term Sheet — Wednesday, October 255 Qs WITH A DEALMAKER Vijay Pande, a general partner at Andreessen Horowitz, leads investments at the cross-section of biology and computer science. Pande sits on the board of many startups including Apeel Sciences, Freenome, and Rigetti Co...
24.10.2017Apple has Acquired a New Zealand based Wireless Power Company for Future iDevice and Project Titan Solutions Categories SearchApple has bought Kiwi tech company PowerbyProxi, which develops wireless charging technology. Apple announced the acquisition, for an undisclosed amount, and senior vice president of hardware engineering Dan Riccio told Fairfax Media that P...
16.06.2016Apple's Magnetic Stand Invention Gets Down to Business Categories SearchToday, the U.S. Patent and Trademark Office published a patent application from Apple that adds a dimension to their current granted patent for an iDevice / iPad stand based on magnetics. Apple's original patent application was covered by P...
01.02.20162015 - That's a wrapThe ramblings of an over active investor and frustrated entrepreneur. 2015 has been a roller coaster year, but ending on the way up rather than the way down! That’s important.
01.02.20162015 - That's a wrapThe ramblings of an over active investor and frustrated entrepreneur. 2015 has been a roller coaster year, but ending on the way up rather than the way down! That’s important. First, the tough stuff. The tough stuff has been the human stu...
20.02.2015PowerbyProxi Advances Wireless Power Industry With Resonant Qi ExtensionAUSTIN, Texas, February 2015 – PowerbyProxi, developer of the world’s most advanced and safest wireless power systems, today announced further progress towards widespread deployment of resonant wireless power technologies, with the release ...
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