First Analysis backs Current Ways
Summary
CHICAGO – July 2, 2019 – First Analysis, a leading venture capital investor, has made a new investment in Current Ways, a company with operations mainly in California that specializes in power conversion, communication, and battery charging applications. These devices translate among power types (AC and DC), loads (car, home, grid), and communication protocols, all while maintaining electrical efficiency and meeting safety standards in a small physical footprint. “We’re excited to partner with an investor that brings such depth of experience and the insights that come with it.” First Analysis Managing Director Tracy Marshbanks, who will join the Current Ways board, commented, “The Current Ways team has long, deep industry and technology expertise in power electronics and control that has enabled them to think ahead and develop technology that the industry would need. This combination enables its customers to build end products with functionality and flexibility that is key to achieving rapid and widespread electrification of transportation and residential markets. With our integrative research process, we aim to invest in the best, established rapid-growth companies in the targeted sectors where we are acknowledged experts and where our success benefits not only our investors, but also our broader society and environment.