Reach Power, which is developing products to wirelessly transmit electricity to power IoT and other devices, raised a $30M Series B led by DCVC
Context & Ripple Effects
Reach Power's $30M Series B lands in a funding line that has been building for years around one idea: stripping batteries and cables out of connected devices. Wiliot raised its own $30M Series B back in 2019 for chips that harvest ambient radio frequencies, and GuRu took a $15M Series A the same year for beaming electric power through the air over millimeter-wave links. Reach Power is now the best-funded entrant in that over-the-air power cohort.
The lead investor matters as much as the amount: DCVC has been scaling up its deep-tech franchise, moving from a $212M fourth fund in 2016 to a $725M fifth fund, with prior bets including Mythic. Pairing that capital with an IoT stack that already includes Particle's device-management platform suggests investors are funding each layer needed to make large-scale sensor deployments practical.
First-order effects
- Reach Power gets the capital to move from developing wireless-power products toward shipping them for IoT and other devices, with DCVC now holding a lead position in the category.
Second-order effects
- GuRu and Wiliot, which attacked the same battery-elimination problem from different technical angles, now compete against a better-capitalized rival for device-maker design wins and follow-on investor attention.
Third-order effects
- If over-the-air power proves out at commercial scale, the binding constraint on IoT deployments shifts from battery replacement and wiring costs to safety certification and power-transmission standards — the layer no company in this coverage yet owns.
The trend: Venture capital is systematically funding the removal of batteries and wires as the next cost bottleneck for IoT, with each round — Wiliot's RF harvesting, GuRu's millimeter-wave beaming, now Reach Power's raise — attacking the same constraint from a different physics.