Startup building wireless power for IoT raises $1.2M, finds its ‘killer app’

Nikola Labs Inc. has landed its first big customer account for its wireless charging devices, a top executive hired from Nationwide and a $1.22 million funding round in the past few months.

The Westerville startup spent more than three years on exhaustive market research and trial runs as a component supplier for connected devices known as the internet of things. The result is opting to build its own system for the much-buzzed-about predictive maintenance for manufacturing equipment, CEO Will Zell said.

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Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Originally published July 13, 2018.