• Sources confirm that major brands are vying to become strategic investors of uBeam in hopes of scoring exclusivity deals so they’ll be the first retail locations to offer uBeam wireless charging. uBeam is seeking exclusive partnerships with the #1 players in several retail verticals.
  • Starbucks is said to be especially near to striking deals to join a strategic investor round that will close soon, and uBeam is also in talks with the top names like Virgin in air travel, Starwood hotels, and some huge fast food chains. uBeam has also spoken with leading hardware manufacturers like Apple and Samsung.
  • While it may not ask for much money beyond the strategic round, sources say it’s looking towards a massive Series B that could be around $50 million or more, with a valuation of $500 million or even much higher depending on progress.

Share This Article