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Start-up MobileWise nabs first-round funds

Start-up MobileWise secured its first round of funding from South Asian Associates, MobileWise announced Wednesday. The Mountain View, Calif.-based company also said Tom Kim will join its board as part of the funding agreement. MobileWise is aiming to provide mobile-device owners with wire-free electric power and is demonstrating working prototypes of its technology to potential customers. MobileWise did not disclose the terms of the funding. Former Palm Chief Technology Officer Bill Maggs is chairman of the start-up.

Start-up MobileWise secured its first round of funding from South Asian Associates, MobileWise announced Wednesday. The Mountain View, Calif.-based company also said Tom Kim will join its board as part of the funding agreement. MobileWise is aiming to provide mobile-device owners with wire-free electric power and is demonstrating working prototypes of its technology to potential customers. MobileWise did not disclose the terms of the funding.

Former Palm Chief Technology Officer Bill Maggs is chairman of the start-up.