Energous Corporation - Common Stock (WATT)

Competitors to Energous Corporation - Common Stock (WATT)

Energous Corporation 

Energous Corporation is a leader in the RF-based wireless charging market, offering unique solutions for both near-field and far-field charging applications. While it faces stiff competition from other companies in the wireless charging sector, its technology, WattUp, stands out due to its capability to provide power to multiple devices simultaneously and over longer distances. However, as competitors gain traction, the competitive landscape continues to become more challenging for Energous, impacting its market lead status.

Hevo Power

Hevo Power specializes in wireless charging solutions, focusing on the electric vehicle market. Their proprietary technology allows for efficient charging solutions while vehicles are parked or in motion. Although Energous primarily targets consumer electronics with its RF-based charging, Hevo’s distinct focus on the automotive sector coupled with advanced technology for high power transfers gives it a competitive advantage in that niche, propelling its growth in the rapidly evolving electric vehicle industry.

Ossia Inc.

Ossia develops Cota technology, which broadcasts energy to charge devices without wires, similar to Energous' approach. Both companies are targeting the wireless charging market, but Ossia has made significant strides in securing licensing agreements and collaborations that enable its technology to be integrated into existing products. This head start in commercialization provides Ossia a competitive advantage as they can offer proven solutions to large manufacturers ahead of Energous.

Powercast Corporation

Powercast Corporation focuses on RF (radio frequency) wireless power technology, similar to Energous, aiming to charge devices without wires over varying distances. Both companies target similar markets, such as IoT (Internet of Things) devices and wearables, but Powercast has a head start in commercial deployments and has established partnerships that allow it to deliver products that are already in use. This gives Powercast a competitive edge in terms of real-world applications and market presence.

WiTricity Corporation

WiTricity Corporation is a pioneer in wireless power transfer technology, specifically resonant inductive coupling, which provides high-efficiency power transfer over short distances. While Energous utilizes a different method involving RF energy for its WattUp technology, both companies focus on wireless charging for consumer electronics and automotive applications. WiTricity's established technology and partnerships with automotive leaders give it a competitive edge in sectors where efficiency and safety are paramount.