Wireless power developer Nikola Labs has now raised $1.2 million in new funding to grow its operations as it produces wireless power components for various Internet of Things (IoT) services.

Prior to this, Nikola Labs has raised several venture rounds from various incubators and startup investors at the company’s area represents a very revolutionizing one and has seen Nikola recruit various talent as it continues to dish out its several smart products.

Nikola currently offers a “Predictive Maintenance” service for facilities where it provides custom wireless power transmission products and services for consumers.

Amongst its products include a phone case which extends battery life through the recycling of wasted energy through the conversion of Radio frequency to Direct current energy.

Nikola’s wireless charging solution stands as a very innovative and revolutionizing one as its energy harvesting system is capable of delivering power at a distance of 30 feet in comparison to the use of a wireless charging pad.

Nikola Labs also notably pitched its technology at a TechCrunch Disrupt event in May 2015 after being chosen by the TechCrunch editorial team along with an audience as a wild card choice to display its technology.

Founded by entrepreneur Will Zell in 2014, Nikola has continued to make more innovations and expand its growth since its start while the company also works on developing its wireless transmission technology for use in more mainstream products.

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