OurCrowd is investing in uBeam, a US based company pioneering long-range wireless charging for electronic devices. In an era when consumers are attached to electronic devices, one of the most common pain points is poor battery life. uBeam has developed an innovative solution which enables untethered long-range wireless charging for battery-powered devices.
We are joined in this round by Andreessen Horowitz (Facebook, Twitter, Airbnb, Skype), Upfront Ventures (Bill Me Later, Ring), Founders Fund (SpaceX, Palantir, Lyft), Ludlow Ventures (AngelList, Product Hunt) and Mark Cuban, owner of the NBA's Dallas Mavericks.
We’re hosting a webinar/conference call (Wednesday, November 15th at 7:00PM Israel / 12:00PM New York / 9:00AM San Francisco) for investors to meet CEO Meredith Perry and learn more about uBeam.
Register
The Need for Untethered Wireless Charging
Everyone who owns a mobile phone or device has encountered the struggle of low battery life. To solve this, uBeam has developed an innovative solution which enables true wireless charging for battery-powered devices. uBeam works by harnessing the power from ultrasound. The system wirelessly transmits focused beams of ultrasonic energy to devices outfitted with their proprietary receiver. The ultrasonic receiver technology (which can be attached to or built into a range of devices) converts acoustic energy into electrical energy, which charges the device. The solution is expected to be capable of delivering energy to charge devices like smartphones, wearables, IOT devices and more in real-world scenarios such as coffee shops, office space, homes, gyms, airports, or anywhere a transmitter can be placed.
Unique Solution with Fully Functional Prototype
uBeam has already built and demonstrated several fully functional, prototype wireless power transfer systems, which can charge multiple smartphones in the air simultaneously, even while the phones are in use. uBeam’s solution has been deemed the wireless power “category winner” by some of the largest electronics companies worldwide as it can transmit the most power over the largest distance to the greatest number of devices simultaneously while staying safe, within regulatory limits, and without issues of interference. uBeam’s technological approach has a clear advantage over others as it is the only known wireless power technology that doesn’t use electromagnetic energy for power transmission. As ultrasound isn’t on the electromagnetic spectrum, uBeam is therefore not limited by the regulatory, safety, and interference hurdles of its competitors. uBeam’s technology does not interfere with other electromagnetic technologies that use RF and microwaves such as standard communication systems and devices (WiFi, radio, cell phones, etc.). The Company has a strong intellectual property portfolio with 92 domestic and international patent assets, and 17 granted patents.
>>>View full diligence material on uBeam here
Market Opportunity
According to Allied Market Research, the global wireless charging market is set to reach $37.2B by 2022, growing at a CAGR of 44.7% from 2016 to 2022. Research shows that increased sales in the portable electronics and wearables market, as well as in the electric vehicles market, have created demand for new forms of energy, further driving the growth of the wireless charging market. uBeam believes their technology has applications that extend well beyond power transmission - into haptics, autonomous vehicles, rear parking sensors, and more. The rear parking sensor market alone is a several billion dollar industry.
Skilled Management Team
uBeam is led by CEO Meredith Perry, who was selected for Forbes’ prestigious ‘30 Under 30: Energy’ list, and for Fast Company’s ‘100 Most Creative People In Business’ list. Meredith is joined by EVP & CTO, Larry Pendergrass, a physicist and former engineering executive at Tektronix/Keithley, Agilent, and HP, as well as COO Kostas Mallios, who recently sold his last two companies to major corporations in a span of 24 months. Kostas was a GM at Microsoft for 15 years and was also the Vice President of Intellectual Ventures.
I'm Interested
In the long term, the investment committee at OurCrowd believes that uBeam could become an infrastructure technology similar to Wi-Fi, providing seamless charging, data transfer, and seemingly infinite battery power.
Looking forward to you joining us on the call,
OurCrowd Investments
You should change the link: '>>>View full diligence material on uBeam here' to something more appropriate and send to all recipients
According to Allied Market Research, the global wireless charging market is set to reach $37.2B by 2022, growing at a CAGR of 44.7% from 2016 to 2022. Research shows that increased sales in the portable electronics and wearables market, as well as in the electric vehicles market, have created demand for new forms of energy, further driving the growth of the wireless charging market. uBeam believes their technology has applications that extend well beyond power transmission - into haptics, autonomous vehicles, rear parking sensors, and more. The rear parking sensor market alone is a several billion dollar industry.
QuoteAccording to Allied Market Research, the global wireless charging market is set to reach $37.2B by 2022, growing at a CAGR of 44.7% from 2016 to 2022. Research shows that increased sales in the portable electronics and wearables market, as well as in the electric vehicles market, have created demand for new forms of energy, further driving the growth of the wireless charging market. uBeam believes their technology has applications that extend well beyond power transmission - into haptics, autonomous vehicles, rear parking sensors, and more. The rear parking sensor market alone is a several billion dollar industry.
The inevitable pivot is in the works?
According to Allied Market Research, the global wireless charging market is set to reach $37.2B...
QuoteAccording to Allied Market Research, the global wireless charging market is set to reach $37.2B...
Ya gotta love the spurious precision in "$37.2B" when in truth the estimate is probably only marginally better than throwing yarrow stalks in the air and seeing how they land.
But everybody already knows this is a scam. By just Googling "uBeam", the first result page shows several disturbing hits to severely criticize it - including, but not limited to, Dave's debunk video.
You should change the link: '>>>View full diligence material on uBeam here' to something more appropriate and send to all recipientsUnfortunately you have to have an account with OurCrowd to get the info.
MORE FUNDING!
We’re hosting a webinar/conference call (Wednesday, November 15th at 7:00PM Israel / 12:00PM New York / 9:00AM San Francisco) for investors to meet CEO Meredith Perry and learn more about uBeam.
If an investor sees that one before they see Dave's, who will they believe?
Why are you all so worried about stupid investors putting their money on a scam? It's their money. (Hopefully, at least! If not, we should be concerned about something else than what they are buying with it...)
I'd understand this reaction if this was some well-crafted scam that's easy to fall into.
You should change the link: '>>>View full diligence material on uBeam here' to something more appropriate and send to all recipientsUnfortunately you have to have an account with OurCrowd to get the info.
"Due diligence" for this type of investors means making sure no patents are being infringed and that it's not going to kill anybody in any obvious way.
eg. From the uBeam site:
"Over the last two years, as part of the extensive due diligence of our investors, we have employed third party ultrasound and safety regulation experts to investigate the uBeam system for both performance and safety. They were fully satisfied that uBeam exceeds all safety and regulatory requirements."
(*) Working in the sense that you can get 1mA of charge if you hold a huge brick at just the right angle in front of the (multi)kW transmitter array.
eg. From the uBeam site:
"Over the last two years, as part of the extensive due diligence of our investors, we have employed third party ultrasound and safety regulation experts to investigate the uBeam system for both performance and safety. They were fully satisfied that uBeam exceeds all safety and regulatory requirements."
It's the "in theory it's possible" camp
"Over the last two years, as part of the extensive due diligence of our investors, we have employed third party ultrasound and safety regulation experts to investigate the uBeam system for both performance and safety. They were fully satisfied that uBeam exceeds all safety and regulatory requirements."