Qualcomm Inc. announced it has entered a multiyear agreement with the FIA Formula E race series to apply its wireless charging technology to electric racecars.
FIA Formula E will use Qualcomm’s (Nasdaq: QCOM) charging technology, Halo, for events in Los Angeles, London and Rome. The cars will be charged by electric coils embedded in the racetracks that will charge the cars as they make laps. Qualcomm said concept cars are being developed to demonstrate wireless, sustainable automotive technology.
The technology will make it to the racetracks in the next two years, but could take longer to reach the mainstream, the company said.
“We will make people more inclined to buy an electric car, but this will take time — five or 10 years,” Formula E’s chief executive Alejandro Agag told the BBC.
— Meghana Keshavan