Seattle-area startup Ossia lands investment from Toyota Group subsidiary Toyoda Gosei
Ossia is teaming up with a Toyota Group subsidiary to fuel development of its wireless power technology. The Seattle-area startup announced a commercial agreement deal and a strategic investment from Toyoda Gosei, a Toyota Group company that makes rubber and plastic products for customers around the world. It’s the latest partnership for Ossia, a 12-year-old startup that has developed Cota, a long range wireless power system that it licenses to other companies. “This is an exciting time,” Doug Stovall, chief revenue officer at Ossia, said in a statement. It was founded by Hatem Zeine in 2008 and is now led by CEO Mario Obeidat, who took over in 2017.