Normally, acquisitions like this would come with an announcement detailing the transaction, but neither Tesla nor the German company, Wiferion, have commented on the deal. What we do know is that Wiferion's website states that it is now part of 'Tesla Engineering Germany GmbH'. A purchase price has also not been announced, but it is believed to have been $76 million, as that is the figure listed in Tesla's most recent earnings report under 'Business Combinations'.
Wiferon has experience in developing and manufacturing inductive charging systems and has primarily provided its solutions to transport systems, forklifts, and robots. Since Tesla acquired the company, updates made to the German Commercial Registry indicate that it will now have an increased focus on “products and services in the field of power electronics and other technical disciplines to support the advancement of electric vehicles and stationary energy storage systems and devices.”
Tesla has been actively developing a wireless charging solution for their electric vehicles (EVs) for over a year, and this acquisition could help push the product over the finish line. During the Investor Day presentation in March, the company discreetly showcased a wireless induction charger in action with a Model S inside a residential garage.
Source: Drive Tesla Canada
