Xnergy Autonomous Power Technologies, based in Singapore, has secured investment from Woori Venture Partners, a venture capital firm from South Korea.

The funding will support Xnergy’s development of wireless charging solutions for industrial robots and electric vehicles.

This investment from Woori Venture Partners follows previous funding rounds involving Hyundai Motor Group and Accuron Technologies, a subsidiary of Singapore’s Temasek Holdings.

Xnergy aims to use these funds to enter new energy vehicle markets and explore growth in emerging sectors.