Eta Electronics
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Eta Electronics - overview
Established
2019
Location
Gyeongsan, Gyeongsangbuk-do, South Korea
Primary Industry
Electronics
About
Based in South Korea, Eta Electronics specializes in developing advanced wireless power transfer technologies, focusing on creating efficient solutions for various applications across multiple industries. Founded in 2019 and headquartered in Gyeongsan, South Korea, Eta Electronics is dedicated to delivering innovative wireless power solutions. The company has raised a total of KRW 100. 000 mn through its SEED funding round led by Daegu Tech Holdings, with a total of five deals completed as of December 13, 2021.
The company was established by Taedong Yeo, who has a background in technology and innovation. Eta Electronics focuses on advanced wireless power transfer technologies, exemplified by their flagship Eta-ON Wireless Charging Solution. This technology offers charging capabilities ranging from approximately 168 W to 2,352 W and caters to industries such as robotics, enhancing the efficiency and autonomy of autonomous mobile robots (AMRs). Their products are expanding beyond South Korea, addressing the demand for reliable wireless power systems in dynamic environments.
Engaging primarily in B2B transactions within the robotics and industrial sectors, Eta Electronics serves a diverse clientele from startups to large enterprises. Revenue is generated through partnerships and collaboration agreements, including a recent memorandum of understanding with AMR Labs, focusing on integrating their wireless charging technologies. The structure of these transactions typically includes setup fees, maintenance contracts, and performance incentives, reflecting the premium nature of their offerings in power management. Eta Electronics aims to expand its product line with upcoming releases of enhanced wireless charging solutions and plans to target new markets in North America and Europe by 2023.
The recent SEED funding round, completed in December 2021 with participation from investors including Ecopro Partners and FuturePlay, will be utilized to support these initiatives and bolster their market presence.
Current Investors
Capstone Partners, The Yoonmin Foundation, Daegu Tech Holdings
Primary Industry
Electronics
Sub Industries
Electronic Coils & Transformers, Electronic Components
Website
www.etaelec.com
Verticals
Manufacturing
Company Stage
Angel & Seed
Total Amount Raised
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Eta Electronics - employee data
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