Wireless power innovator, Nikola Labs won best pitch at Plug and Plays’ Winter Summit, held this past week at the Plug and Play Tech Center in Sunnyvale, California. The Summit marked the end of the 12-week internet of things (IoT) business accelerator program run by Plug and Play. Past Plug and Play accelerator companies include PayPal, DropBox and LendingClub. 

Nikola Labs, a wireless power company and Ohio State University spinoff, recently closed additional investment, bringing the total capital raised to $1.4 million. The new funds will be used to advance Nikola Labs wireless power receiving chip and step up business development efforts.

Today, Nikola Labs was named by EE Times to their annual Silicon 60 list of companies to watch. EE Times has selected 25 startup companies, including Nikola Labs, to come on to version 17.1 of its list of 60 firms that the editorial staff felt worthy of keeping an eye on.

Wireless power innovator, Nikola Labs was selected to participate in Plug and Plays Tech Center’s business accelerator program for internet of things (IoT) technology companies. Past Plug and Play accelerator companies include PayPal, DropBox and LendingClub.