Electreon Overview
Electreon develops and provides wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services to meet the needs and efficiency demands of shared, public, and commercial fleet operators and consumers. The company's proprietary inductive technology dynamically (while in motion) and statically (while stopped) charges EVs quickly and safely, eliminating range anxiety, lowering total costs of EV ownership, and reducing battery capacity needs, making it an environmentally sustainable, scalable, and compelling charging solution. Electreon works with cities and fleet operators on a charging-as-a-service platform that enables cost-effective electrification of public, commercial, and autonomous fleets for smooth and continuous operation.
Cumulative Funding Raised Over Time ($)
$750K
$3.0MDec 2017
$53.0MJun 2020
Latest News
growth-positive
France's wireless charging highway breakthrough marks turning point for electric freight trucking
Electreon, a leader in wireless electric road technology, has achieved a significant milestone by launching the worlds first highway that wirelessly charges vehicles in motion. This development, part of the Charge As You Drive project, was led by VINCI Autoroutes and supported by partners like Gustave Eiffel University and Hutchinson. The system, tested on a 1.5-kilometer stretch of the A10 highway in France, allows electric trucks, buses, and cars to charge while driving, eliminating the need for stops. The technology supports Frances Electric Road System roadmap and demonstrates the potential for highways to serve as charging assets, enhancing the efficiency of electric vehicles.
Partners
growth-positive
World's first dynamic wirelessly-charged motorway shows highly promising real-world results
VINCI Autoroutes, in collaboration with Electreon, VINCI Construction, Gustave Eiffel University, and Hutchinson, has launched the worlds first dynamic induction charging system on a motorway. This innovative project, implemented on the A10 motorway in France, allows electric vehicles to recharge while driving, potentially reducing battery size and improving vehicle efficiency. The project is currently in its pilot phase, with real-world tests being conducted using various prototype vehicles. Initial results are promising, indicating the systems capability to deliver significant power under optimal conditions. This technology could accelerate the electrification of heavy-vehicle fleets, contributing to reduced greenhouse gas emissions.
PartnersProduct Stage
growth-positive
Electreon signs collaboration agreement with ATLoS autonomous vehicle supplier to accelerate the vision of fully autonomous, wirelessly-charged industrial transport
Electreon has announced a collaboration with ATLoS, a Portugal-based company specializing in autonomous vehicles for industrial environments. This partnership will integrate Electreons wireless charging technology into ATLoSs autonomous vehicles, enhancing operational efficiency in logistics hubs, warehouses, and manufacturing sites. The collaboration aims to streamline industrial logistics and optimize fleet operations by enabling hands-free charging on fixed routes. This project represents a significant step toward scalable, intelligent infrastructure for 24/7 industrial automation. The agreement includes a limited-scale project where Electreon will provide hardware, software, and technical support for ATLoSs autonomous vehicles.
Partners
growth-positive
Nikkiso Addresses Growing Ammonia-Handling Demand and Launches Next-Generation Pump at Gastech 2025
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced the launch of a next-generation submerged ammonia pump at the Gastech Conference. This pump is designed to be the safest and most reliable in the industry, addressing common maintenance issues with its seal-less, maintenance-friendly, copper-free construction. The pump can deliver over 2,500m3 per hour and has a mean time between outages of over 16,000 hours. This launch is part of Nikkiso CE&IGs ongoing innovation in ammonia handling, with the company having decades of experience in this field. The pump is expected to meet growing demand for ammonia in various sectors, including power generation and shipping.
Product Stage
growth-positive
Assessing the Valuation of Yue Yuen Industrial (SEHK:551) After Recent Volatility
Yue Yuen Industrial (Holdings) has experienced notable stock price fluctuations, drawing attention from investors. Despite a year-to-date decline of 21%, the company has shown resilience with an 11% gain over the past year and a 13% increase in the past three months. Over a longer period, the stock is up 53% over three years and 44% over five years. The companys P/E ratio of 7.2x suggests it is undervalued compared to industry peers, indicating potential for growth if profit levels are sustained or improved. While the company shows steady revenue and net income growth, risks remain due to inconsistent short-term returns and potential shifts in market sentiment.
| Sector | Energy Tech |
Funding
| Total funding | $64.82M |
| Last funding | $11.87M |
| Stage | Public |
| Rounds | 5 |
| Investors | 10 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | electreon.com |
| Careers | Careers page |
Locations
Beit Yanai, Israel
Photos & Videos
No files yet
Electreon Business
Business models
B2G, B2B
Product stage
Released
Employees
51-200
Sector
Climate TechEco-Efficient Transportation & LogisticsEco-Efficient Electric Vehicle Infrastructure & PlatformsEnergy TransitionEco-Efficient Energy StorageAutomotive & Mobility TechnologiesElectric Mobility & Alternative FuelsEnergy TechEnergy Consumption & EfficiencyTarget Customer
Transportation & LogisticsLogisticsTransportation InfrastructureRoad & RailGovernment & CityMunicipalitiesCore Technology
Materials & SubstancesTags (12)
fleet-managementelectric-vehiclessmart-mobilitypublic-transportationsmart-cityclimate-techwireless-chargingenergy-savingenergytechwireless-energyenergy-efficiencyautomotiveSolutions
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{"title":"Transportation","description":"Electreon provides wireless charging solutions for electric vehicle fleets, including static charging at depots and dynamic charging on roads, to enable continuous operation, reduce battery size, and optimize overall fleet costs and efficiency.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":1,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Municipalities Fleet OperatorsGeographic Markets
FranceGermanyEuropeItalySwedenIsraelUnited StatesElectreon Financials
$64.82M
Total funding
Undisclosed
Capital raised
$11.87M
Last funding
Public
Funding stage
5
Total rounds
10
Investors
Cumulative Funding Raised Over Time ($)
$750K
$3.0MDec 2017
$53.0MJun 2020
Private Equity Funding
PIPE
Jun 2020
$50M
Valuebase (Lead)
,
Halman Adubi, Afcon Holdings, Alpha Opportunities, Sphera Fund, Psagot Investment House, Excellence Nessuah Investment House, More Investment House
PIPE
Dec 2017
$2.2M
Dan Public Transportation
Seed
$750K
Capital Nature
Non-Equity Funding
GrantEvent
Oct 2015
Undisclosed
EU Horizon 2020
Public Offering / Exit
POEvent
Jun 2023
Undisclosed
ReverseMergerEvent
Oct 2017
Undisclosed
Electreon Lifecycle
Cumulative Funding Raised Over Time
$750K
$3.0MDec 2017
$53.0MJun 2020
All Events
PIPE
Jun 2020
$50M
Valuebase (Lead)
,
Halman Adubi, Afcon Holdings, Alpha Opportunities, Sphera Fund, Psagot Investment House, Excellence Nessuah Investment House, More Investment House
PIPE
Dec 2017
$2.2M
Dan Public Transportation
Seed
$750K
Capital Nature
GrantEvent
Oct 2015
Undisclosed
EU Horizon 2020
POEvent
Jun 2023
Undisclosed
ReverseMergerEvent
Oct 2017
Undisclosed
Electreon News
86 articles
growth-positive
France's wireless charging highway breakthrough marks turning point for electric freight trucking
Electreon, a leader in wireless electric road technology, has achieved a significant milestone by launching the worlds first highway that wirelessly charges vehicles in motion. This development, part of the Charge As You Drive project, was led by VINCI Autoroutes and supported by partners like Gustave Eiffel University and Hutchinson. The system, tested on a 1.5-kilometer stretch of the A10 highway in France, allows electric trucks, buses, and cars to charge while driving, eliminating the need for stops. The technology supports Frances Electric Road System roadmap and demonstrates the potential for highways to serve as charging assets, enhancing the efficiency of electric vehicles.
Partners
growth-positive
World's first dynamic wirelessly-charged motorway shows highly promising real-world results
VINCI Autoroutes, in collaboration with Electreon, VINCI Construction, Gustave Eiffel University, and Hutchinson, has launched the worlds first dynamic induction charging system on a motorway. This innovative project, implemented on the A10 motorway in France, allows electric vehicles to recharge while driving, potentially reducing battery size and improving vehicle efficiency. The project is currently in its pilot phase, with real-world tests being conducted using various prototype vehicles. Initial results are promising, indicating the systems capability to deliver significant power under optimal conditions. This technology could accelerate the electrification of heavy-vehicle fleets, contributing to reduced greenhouse gas emissions.
PartnersProduct Stage
growth-positive
Electreon signs collaboration agreement with ATLoS autonomous vehicle supplier to accelerate the vision of fully autonomous, wirelessly-charged industrial transport
Electreon has announced a collaboration with ATLoS, a Portugal-based company specializing in autonomous vehicles for industrial environments. This partnership will integrate Electreons wireless charging technology into ATLoSs autonomous vehicles, enhancing operational efficiency in logistics hubs, warehouses, and manufacturing sites. The collaboration aims to streamline industrial logistics and optimize fleet operations by enabling hands-free charging on fixed routes. This project represents a significant step toward scalable, intelligent infrastructure for 24/7 industrial automation. The agreement includes a limited-scale project where Electreon will provide hardware, software, and technical support for ATLoSs autonomous vehicles.
Partners
growth-positive
Nikkiso Addresses Growing Ammonia-Handling Demand and Launches Next-Generation Pump at Gastech 2025
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced the launch of a next-generation submerged ammonia pump at the Gastech Conference. This pump is designed to be the safest and most reliable in the industry, addressing common maintenance issues with its seal-less, maintenance-friendly, copper-free construction. The pump can deliver over 2,500m3 per hour and has a mean time between outages of over 16,000 hours. This launch is part of Nikkiso CE&IGs ongoing innovation in ammonia handling, with the company having decades of experience in this field. The pump is expected to meet growing demand for ammonia in various sectors, including power generation and shipping.
Product Stage
growth-positive
Assessing the Valuation of Yue Yuen Industrial (SEHK:551) After Recent Volatility
Yue Yuen Industrial (Holdings) has experienced notable stock price fluctuations, drawing attention from investors. Despite a year-to-date decline of 21%, the company has shown resilience with an 11% gain over the past year and a 13% increase in the past three months. Over a longer period, the stock is up 53% over three years and 44% over five years. The companys P/E ratio of 7.2x suggests it is undervalued compared to industry peers, indicating potential for growth if profit levels are sustained or improved. While the company shows steady revenue and net income growth, risks remain due to inconsistent short-term returns and potential shifts in market sentiment.
growth-positive
Westin Desaru Coast Resort partners with CAYIN Technology for digital signage
CAYIN Technology has partnered with Westin Desaru Coast Resort in Johor, Malaysia, to enhance guest communication and operational efficiency through the implementation of its CMS-WS server and CAYIN Signage Player. This collaboration involves the use of digital signage to provide real-time updates across 14 Samsung displays in various areas of the resort. The project was executed in partnership with Hola Media, which provided integration services, including installation, design, staff training, and support. The system has improved communication, reduced staff workload, and enhanced the guest experience, preparing the resort for future digital expansion.
Partners
growth-positive
Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes
Infosys led gains in Indias Nifty 50 index, which closed higher for the fifth consecutive session, driven by a 5% surge in Infosys shares following the announcement of a share buyback plan. The IT sector, which accounted for a significant portion of the days gains, benefited from expectations of a U.S. interest rate cut, which could boost technology spending in the U.S., a key market for Indian IT firms. The broader market also saw gains, with the Nifty 50 and BSE Sensex both rising by 0.39%. The anticipation of a Federal Reserve rate cut was fueled by weaker-than-expected U.S. job data.
growth-positive
BHP Xplor Opens Applications for 2026 Cohort, Offering Equity-Free Funding and Global Support
BHP Group Limited has announced the opening of applications for the 2026 cohort of its BHP Xplor accelerator program, which aims to transform the discovery of critical minerals. The program offers early-stage explorers up to USD $500,000 in equity-free funding, mentorship, and access to BHP’s global network. BHP Xplor has been successful in previous years, fostering partnerships and accelerating exploration projects. The program supports BHPs long-term growth by engaging with diverse exploration projects. Applications are open from September 8 to October 15, 2025.
Partners
growth-positive
Following 1.5 years of success at Rosh Ha'Ayn bus depot, Electreon and Electra Afikim launch second wireless charging project at Ovnat Petach Tikva terminal
Electreon, a leader in wireless electric vehicle charging, has announced a second major project agreement with Electra Afikim, a large public transportation operator in Israel. This agreement involves deploying Electreon’s wireless charging technology at the Ovnat terminal in Petah Tikva, following the success of a previous project at the Rosh HaAyin depot. The project aims to enhance the efficiency of electric buses by enabling automatic charging during short stops, thus reducing electricity costs and extending driving range. The agreement currently covers planning, with further implementation contingent on budgetary approval. This collaboration underscores Electreon’s competitive advantage in the wireless charging sector and its potential for international expansion.
PartnersCustomers
growth-positive
/PRNewswire/ -- Electreon (TASE: ELWS), a global leader in wireless electric vehicle charging, announced April 27th, 2025 a second major project agreement with...
Electreon, a leader in wireless electric vehicle charging, has announced a second major project with Electra Afikim, a large public transportation operator in Israel. This project involves deploying Electreons wireless charging technology at the Ovnat terminal in Petah Tikva, following the successful implementation at the Rosh HaAyin depot. The agreement focuses on planning, with further implementation subject to budgetary approval. The project aims to enhance the efficiency of Electra Afikims electric bus fleet by enabling automatic charging during short stops, reducing electricity costs, and extending driving range. This collaboration aligns with Electra Afikims goal to fully electrify its fleet. Electreon will oversee the project, providing a turnkey solution and continuous service.
PartnersCustomers
growth-positive
/PRNewswire/ -- Electreon (TASE: ELWS), a global leader in wireless electric vehicle charging, announced today that it has achieved ISO/SAE 21434 certification...
Electreon, a leader in wireless electric vehicle charging, has achieved ISO/SAE 21434 certification for cybersecurity engineering in vehicles. This certification is a significant milestone, underscoring the maturity and reliability of Electreons wireless charging technology. It positions the company as a trusted partner for automakers, paving the way for broader adoption of its technology. The certification ensures robust cybersecurity measures are embedded throughout the lifecycle of its charging system, which is crucial for the safe, scalable global deployment of Electreons technology. This achievement is expected to drive greater demand for Electreons solutions in large-scale transportation projects and strengthen existing partnerships with leading OEMs.
growth-positive
Electreon Earns ISO/SAE 21434 Automotive Cybersecurity Standard Certification, Paving Way for Wider Adoption of Wireless Charging by Automakers
Electreon, a leader in wireless electric vehicle charging, has achieved ISO/SAE 21434 certification for cybersecurity engineering in vehicles. This certification underscores the maturity and reliability of Electreons technology, paving the way for wider adoption by automakers. The certification is crucial for ensuring robust cybersecurity measures in Electreons wireless charging infrastructure, which is essential for secure communication among vehicles, charging systems, and the power grid. The achievement is expected to drive greater demand for Electreons solutions in large-scale transportation projects and strengthen existing partnerships with leading OEMs. Electreons commitment to cybersecurity and international standards positions it as a trusted partner in the industry.
growth-positive
UCLA partners with calstart and electreon to deploy wireless EV charging with state funding support
Electreon Wireless, Inc. is collaborating with the University of California, Los Angeles (UCLA) and CALSTART to implement wireless electric vehicle (EV) charging infrastructure on the universitys streets. This initiative, part of the UCLA/Westwood Zero Emission Transit Service Expansion: Deploying Wireless Charging at Scale project, has a total budget exceeding USD34.95 million, with USD19.85 million funded by the state. The funding comes from the Transit and Intercity Rail Capital Program, supported by cap-and-trade auctions and the Transportation Improvement Fee. The project aims to increase ridership and reduce greenhouse gas emissions, having been selected through a rigorous review process by state agencies.
Partners
growth-positive
אלקטריאון תבצע פרויקט של כביש חשמלי במטרונית בחיפה, תמורת 16 מיליון שקל
אלקטריאון, a company specializing in wireless charging technology for electric vehicles, has signed an agreement with חוצה ישראל to install a 1.6 km electric road segment. This project is intended for five electric buses operated by סופרבוס, a public transportation company. If successful, the project could expand to include dozens of electric buses, enhancing their travel range and operational hours. This partnership marks a significant step in the adoption of innovative transportation solutions, potentially leading to broader implementation. The collaboration with חוצה ישראל and the involvement of סופרבוס as a customer highlight the strategic partnerships driving this initiative.
PartnersCustomers
growth-positive
Investors who believed in Electreon post big gains
Electreon Wireless, a developer of smart roads and wireless charging technology for electric vehicles, has seen its share price rise by nearly 300% over the past year, reaching a market cap of almost NIS 2.8 billion. Key investors include Ran Belinkis and Yizhaq Hajaj, with significant stakes held by Clal Insurance and Denso. The company has been involved in various collaborative projects globally, including with UPS in the US and a smart road project in Norway. Despite posting losses, Electreon has managed to secure substantial investments, including a $10 million investment from Denso. The company is poised for growth, supported by its innovative technology and strategic partnerships.
InvestmentPartnersCustomers
growth-positive
אלקטריאון תספק טעינה אלחוטית לפרויקט המטרונית באזור חיפה
Electreon, a company that develops dynamic and static wireless charging systems, has been selected by Cross Israel as the sole supplier for charging electric buses in the Metronit project. This comes as part of Electreons recovery process from a crisis it experienced in August 2023. As a result, Electreons stock has risen by 4.3%, completing a rise of 151% since the beginning of 2024.
PartnersExpand
growth-positive
Electreon will transfer Toyota's wireless charging technology
Toyota, Denso, and Israeli firm Electreon have signed a binding agreement to adopt Electreons wireless charging system. The partners will jointly own the intellectual property resulting from the new systems development and share the royalties from the systems sale to other car manufacturers. They will also develop an aftermarket system to add wireless charging to existing electric vehicles and hybrids. Toyota and Denso will assist Electreon in designing global standards for wireless vehicle charging. The charging product will hit the market before the end of the year.
PartnersExpand
growth-positive
אלקטריאון חתמה על הסכם פיתוח של מערכת טעינה אלחוטית עם טויוטה היפנית ודנסו
Israeli company Electreon has signed a binding agreement with Toyota and Denso to develop a wireless charging system that will be integrated into new and existing vehicles. The companies will jointly develop and enhance Electreons existing technology for use in the private car market, with the aim of promoting wireless charging solutions and enabling the adoption of the new technology worldwide. The agreement, which will be in effect for two years, includes the development of a wireless charging kit for installation on existing vehicles and a built-in wireless charging system for new vehicles. The parties will be joint owners of the intellectual property resulting from the development of the new system.
Partners
growth-positive
אלקטריאון מציגה גידול בהכנסות וזכייה במכרזים חדשים ברבעון השלישי
ElectReon, an Israeli wireless electric road systems company, has reported improved performance for Q3 2023, with revenues and gross profit reaching approximately 6 million ILS and 1.04 million ILS respectively. The companys growth was driven by projects in Germany, Israel, and the US. ElectReon also reported a gross profit of approximately 1.038 million ILS for Q3 2023, compared to approximately 293,000 ILS for the same period last year. The company continues to work towards optimizing its supply chain and manufacturing capabilities.
Partners
growth-positive
Electreon Unveils the World's First Commercial Wireless Charging Terminal for Buses in Israel
Electreon has completed the construction of a wireless charging terminal for electric buses in Israel, marking a world first in this innovative charging technology. The project was delivered to Electra Afikim, a major public transportation operator in Israel. The terminal provides stationary wireless charging to the buses during the day and night. Electreon managed the entire project, including the implementation of its advanced charging software platform. The project, valued at approximately 5.8 million ILS (approximately 1.6 million USD) for 2023, includes payments for software services, operations, and maintenance.
CustomersPartnersInvestment
growth-positive
Electreon Unveils the World's First Commercial Wireless Charging Terminal for Buses in Israel
Electreon has completed the construction of a wireless charging terminal for urban electric buses, a world first in this technology. The project was delivered to Electra Afikim, a public transportation operator in Israel. The terminal provides stationary wireless charging to the buses during the day and night. Electreon managed the entire project, including the implementation of its advanced charging software platform. The project, valued at approximately 1.6 million USD for 2023, includes payments for software services, operations, and maintenance. Electreon partnered with three international bus manufacturers, HIGER, Ankai, and Sunwin, for this project.
CustomersPartnersInvestment
growth-positive
Electreon's Proven Wireless Alignment Methodology has been Selected by SAE to be the Global Standard
Electreon, a global pioneer in wireless Electric Vehicle (EV) charging, has announced that its Differential Inductive Positioning System (DIPS), developed in partnership with MAHLE, has been selected for the global SAE J2954 standard by SAE Internationals Wireless Power Transfer & Alignment Taskforce. The DIPS system enables reliable wireless charging through coils embedded in roads and parking spots. The new standard, set to be published in 2024, will include specifications for fine alignment, pairing/authentication, and alignment checks. Electreon already operates numerous wireless charging projects globally.
PartnersExpand
growth-positive
Electreon Sets Wireless EV Charging Standard
Electreon, a leader in wireless electric vehicle (EV) charging technology, has achieved a significant milestone in collaboration with MAHLE. They have developed a wireless positioning methodology, the Differential Inductive Positioning System (DIPS), which has been chosen by the SAE International’s Wireless Power Transfer & Alignment Taskforce to be included in the global SAE J2954 standard. This selection marks a pivotal moment in the evolution of EV charging technologies. The inclusion of Electreon’s DIPS in the SAE J2954 standard represents a major leap forward in wireless EV charging technology and sets a unified global benchmark for wireless EV charging.
Partners
growth-positive
Electreon and REARQ Partner with BDX on Wireless Loading Dock Charging Pilot for Ahlsell's Last Mile Delivery Fleet
Electreon, a global pioneer in wireless electric vehicle (EV) charging, has partnered with Swedish firm REARQ to deliver a wireless charging initiative to BDX Företagen AB, a road and freight distribution company operating in Sweden for Ahlsell AB. The project incorporates Electreons wireless charging technology and REARQs conversion of a diesel van to electric propulsion. The project is expected to begin in Spring 2024 and will showcase the partners abilities to meet the operational needs of logistics fleets by extending vehicle service life, reducing environmental impact, and lowering total cost of ownership.
PartnersCustomers
growth-positive
אלקטריאון מסרה את מסוף האוטובוסים האלחוטי הראשון בעולם - Techtime - חדשות אלקטרוניקה והייטק
Israeli company Electreon has completed a project to install a wireless charging system for the bus company Electra Afikim. The system, which is the first of its kind in the world, will charge 30 buses on a regular route and will be used by regular public transport services. The financial volume of the project is estimated at about 6.5 million shekels, of which the company will recognize revenue of 5.8 million shekels already in 2023. The rest (700,000 shekels) will be paid in payments for software services, operation and maintenance.
CustomersPartnersInvestment
growth-positive
Electreon Enters the Chinese Market through a Strategic Agreement with Shandong Innovation and Entrepreneurship Community for International Science and Technology Cooperation (SITEC)
Electreon, a global leader in wireless charging technologies for electric vehicles (EVs), has announced its entry into the Chinese market. The company has signed a Memorandum of Understanding (MoU) with the Shandong Innovation and Entrepreneurship Community for International Science and Technology Cooperation (SITEC), a provincial science and technology innovation arm led by Shandong Hi-Speed Group (SDHS), a Fortune 500 state-owned company. The partnership will introduce Electreons charging technologies in Shandong province, the second largest province in China and the worlds EV manufacturing epicenter. Electreon will also establish a Chinese subsidiary company and employ local talents to bolster its presence in the Chinese market.
PartnersExpand
growth-positive
אלקטריאון נכנסת לשוק הגדול בעולם של כלי רכב חשמליים
Electreon, a company specializing in wireless charging technology for electric vehicles, is entering the worlds largest market for electric vehicles. The company has signed a Memorandum of Understanding (MoU) with SITEC, the innovation and technology entrepreneurship arm of Shandong province, the second-largest province in China and the worlds largest manufacturing hub for electric vehicles. The partnership will initially involve a pilot project in an industrial park in Shandong, with plans to expand to dozens of kilometers of electric roads. This collaboration marks a significant step for Electreon in integrating its technology into the Chinese market.
Partners
growth-positive
Redefining Green Transportation: New Federal Bill Boosts Wireless EV Charging Program
Electreon, a pioneer in Wireless EV Charging roads, reports that U.S. state and federal policymakers are increasingly funding wireless Electric Road Systems (ERS) and incorporating this technology into electrification strategies. In July, Representative Haley Stevens introduced the Wireless Electric Vehicle Charging Grant Program Act of 2023, which would provide $250 million in grants for Wireless EV Charging initiatives. The bill is based on a pilot program that deployed Electreons proprietary wireless charging technology. The bill has gained support from Michigans Governor, ASPIRE, CALSTART, and the American Association of Port Authorities.
PartnersCustomersExpand
growth-positive
Electreon Wins the First Electric Road Tender in Norway: The Nordic EV Leader Joins Sweden, Germany, Italy and the U.S. with it's First Wireless Electric Road for Electric Vehicles (EVs)
Electreon has been selected as the sole tender winner by the Transportation Authority of Trøndelag County in Norway for its wireless Electric Road System (ERS) to charge a bus wirelessly. The project deployment will begin in the summer of 2024 and aims to establish an electric road in the city of Trondheim. The long-term vision is to create a shared charging platform for buses, e-trucks, and e-taxis. Electreons ERS will reduce the size of the buss battery and enable en-route charging, offering sustainability and zero visual impact. The project will provide important knowledge for future bus tenders in the area. Electreons wireless charging technology is expected to meet and exceed expectations in supporting the transition to electric buses.
PartnersCustomers
growth-positive
Electreon's Wireless Electric Road Technology Sets a New World Record: The Longest Distance Ever Driven By A Passenger Electric Vehicle (EV) For Over 100 Hours, Solving the Most Acute Challenges of EV Adoption
Electreon, an electric vehicle (EV) technology company, has set a new world record for the longest distance ever driven non-stop by a passenger EV. Using Electreons proprietary Wireless Electric Road technology, a Toyota RAV4 covered 1,942 km (1,206 miles) during a 100-hour demonstration. The achievement demonstrates the technologys potential to address key challenges in EV adoption, such as range anxiety and battery size. The company is now planning to install its technology in downtown Detroit, Michigan, US this summer.
CustomersExpand
growth-positive
Israeli firm to set record longest electric car trip without charge stop
Electreon, a publicly traded firm on the Tel Aviv Stock Exchange, has achieved a significant milestone by completing a four-day 1,500-kilometer trip in an electric car without stopping to charge. They used their proprietary in-road charging strips for this record-setting drive. The company has proven the effectiveness of its wireless charging technology through successful pilots and projects. Electreon has gained support from industry leaders and decision-makers, and they announced a revenue target of 102 million NIS for the years 2023-2024. They also signed a strategic cooperation agreement with Toyota and Denso for the joint development of a wireless charging kit.
PartnersCustomersInvestment
growth-positive
Breaking Down the EV Range Anxiety Barrier: The Future of Unlimited Carbon Neutral Mobility; Electreon To Demonstrate its Electric Road Technology Empowering an EV To Drive Up to 100 Hours Next Week
Electreon is ready to publicly demonstrate its wireless Electric Road technology by charging a TOYOTA RAV4-PHEV for up to 100 hours without depleting its battery. The demonstration will take place from May 21st to May 25th, 2023. The company aims to showcase the unlimited potential of wireless EV charging and how it can extend the range of electric vehicles. Electreon has received industry, political, and public support for its technology and is involved in multiple projects across five countries with over 60 global partners. The company has previously been featured in documentaries and has received recognition for its inventions. Electreon provides wireless charging solutions for electric vehicles, eliminating range anxiety and reducing costs.
CustomersPartners
growth-positive
Electreon Signs an Agreement to Develop Wireless Charging Technology to Achieve Carbon Neutrality with TOYOTA MOTOR CORPORATION and DENSO CORPORATION
Electreon has agreed to jointly develop an advanced wireless vehicle kit with Toyota Motor Corporation and Denso Corporation. The agreement follows a successful technology evaluation conducted at Electreons headquarters in Israel. The parties intend to promote the development and adoption of wireless charging technology through various joint activities. These include the co-development of an aftermarket wireless kit for current electrified vehicles, integration of the wireless technology into new cars, and collaboration on a joint pilot project in Japan, the U.S., or the EU.
Partners
growth-positive
Electreon Signs an Agreement to Develop Wireless Charging Technology toward Achieving Carbon Neutrality with TOYOTA MOTOR CORPORATION and DENSO CORPORATION
Electreon has reached an agreement with Toyota and Denso to jointly develop advanced wireless charging technology for electric vehicles (EVs). The partnership aims to promote the adoption of wireless charging technology through various activities, including the development of an aftermarket wireless kit for current EVs, integration of wireless technology into new cars, and collaboration on standardization and pilot projects. Toyota sees wireless charging as a solution to the challenges of electrified vehicles, while Denso is committed to achieving a carbon-neutral society. The partnership is expected to revolutionize the automotive industry and make wireless charging accessible to a wide range of drivers. The detailed joint development agreement will be executed in the coming months.
PartnersCustomers
growth-positive
ASPIRE and Electreon Partner to Develop Dynamic Wireless Charging Roadway in Utah
Electreon and ASPIRE, a National Science Foundation-funded Engineering Research Center at Utah State University, have partnered to develop and operate a one-mile-long dynamic wireless charging roadway in Utah. The project, funded by the Utah Legislature, aims to demonstrate the commercial viability of dynamic wireless charging for freight vehicles. The technology could reduce battery size, extend battery range, lower vehicle cost, and reduce grid pressure. The development and design phase is set to begin in 2023, with deployment scheduled for 2024.
PartnersInvestmentExpand
Electron and ASPIRE Engineering Research Center Announce Partnership to Launch Dynamic Wireless Charging Roadway for Utah Inland Port
growth-positive
Israeli startup raises NIS 40m for bid in 'smart road' electric tender in Sweden
Electreon, an Israeli wireless smart road tech startup, has raised NIS 40 million ($11.8 million) in a private placement of shares and options. The funds will be used to compete in a tender for the construction of Swedens first 42-kilometer electric road. Electreons technology uses wireless charging infrastructure to power electric vehicles while in motion. The Swedish government is investing in electric roads to reduce carbon dioxide emissions from freight traffic. Electreon has previously won a tender to install a 1.65-kilometer electric stretch in Sweden and has partnerships in Europe and the US for pilot projects. The results of the electric road tender are expected to be announced in Q2 2023.
InvestmentPartners
Germany’s First Public Project for Wireless Charging of Electric Vehicles Has Started
Electreon & Eurovia to Demonstrate Dynamic Electric Vehicle Charging on German Autobahn
Electreon & Eurovia to Demonstrate Dynamic Electric Vehicle Charging on German Autobahn
growth-positive
MDOT enters 5-year partnership to build first public in-road EV charging system in Detroit
The Michigan Department of Transportation (MDOT) has entered into a five-year agreement with Electreon to develop a pilot project for a wireless in-road charging system for electric vehicles in Detroit. The project aims to solidify Michigan as a leader in developing and implementing this technology. The charging roadway will be located in the Michigan Central district, where Ford Motor Co. is restoring the old Michigan Central train station. The project aligns with Michigans plan to achieve carbon neutrality by 2050 and accommodate 2 million electric vehicles on roads by 2030. Electreon has contracts for similar roadways in other countries. The agreement with MDOT will help create a blueprint for scaling wireless charging for all EVs across Michigan and the U.S.
PartnersExpand
growth-positive
אלקטריאון תפרוס כביש טעינה אלחוטית בעיר קרלסרוהה בגרמניה - Techtime - חדשות אלקטרוניקה והייטק
אלקטריאון חתמה על הסכם עם חברת הקלינטק הגרמנית EnBW לפריסת תשתית של כביש טעינה אלחוטית בעיר קרלסרוהה בגרמניה. הסכם זה מבטא את חשיבותו האסטרטגית של שוק הרכבים החשמליים עבור אלקטריאון. הטכנולוגיה של החברה מבוססת על כביש חשמלי שטוען את סוללות הרכב החשמלי במהלך הנסיעה. אלקטריאון פיתחה טכנולוגיה זו ומבצעת ניסויים במספר אתרים בעולם. החברה גם חתמה על הסכם עם חברת CTG האמריקאית להחלפת צי הרכב שלה לכלי-רכב חשמליים הנעזרים בטכנולוגיות טעינה אלחוטית.
Partners
growth-positive
אלקטריאון: גרמניה תממן פיתוח תהליך אוטומטי לסלילת הכביש החשמלי - Techtime - חדשות אלקטרוניקה והייטק
The German government is funding the E-MPower consortium, which includes Israeli company Electreon, with €5.7 million to examine the implementation of wireless electric roads on highways and develop an automated process for rolling out Electreons technology. Electreon is expected to receive a budget of €2.1 million. The consortium will focus on testing the use of electric roads on German highways and the ability to transfer the technology to mass production. Electreons technology, which charges electric vehicle batteries as they drive over the electric segment, is currently being tested at several sites worldwide.
InvestmentExpand
growth-positive
Electreon Signs MOU with CTG, Marking First Sale of its Wireless EV Charging Services in New York and Las Vegas
Electreon, a provider of wireless and in-road wireless electric vehicle (EV) charging technology, has signed a memorandum of understanding (MOU) for the sale of its wireless EV charging services to CTG, the largest operator of limousine fleets and unique shuttle services in the New York and Las Vegas area. This is Electreon’s first sale and wireless EV charging deployment in the New York and Las Vegas areas. CTG plans to transition its fleet of over 2,800 limousines and taxis to EVs in the near future to reduce emissions and operating costs.
CustomersPartnersExpand
Electreon Signs MOU with CTG, Marking First Sale of its Wireless EV Charging Services in New York and Las Vegas
growth-positive
חברת אלקטריאון הישראלית אחראית להצלחת הכביש החשמלי ב"זירת העתיד" באיטליה
Israeli company Electreon, which develops smart electric roads, achieved success with an electric road project in Italy. The company marked a milestone in its commercial activity with the success of the electric road in Italys Zone of the Future. The event was attended by senior Italian government officials and representatives from the infrastructure and transportation sector. The launch event featured a demonstration of a Fiat 500 electric car and an electric bus manufactured by IVECO. The electric bus had an increased charging capacity compared to previous tests. Electreons CEO highlighted the growing adoption of electric roads as a central solution for electric transportation in Europe.
CustomersPartners
growth-positive
New Research Shows Electreon's Wireless Electric Vehicle Charging Technology Could Reduce Global CO2 Emissions by More Than 1%, on Average, Year-on-Year
Electreon, a provider of in-road wireless electric vehicle (EV) charging technology, has released a white paper detailing the projected impact of its technology on global CO2 emission reductions. The research suggests that the adoption of Electreons technology could help decrease global CO2 emissions by more than 1% on average through 2030. The companys technology offers benefits such as reduced EV battery sizes, utilization of renewable energy for electricity generation, on-site electricity generation from renewables through existing infrastructure, and dynamic charging roads as a shared charging platform. Electreon is actively operating pilots in Germany, Italy, Israel, and Sweden, and is preparing to execute first-of-their-kind pilots in the U.S.
PartnersExpand
Electreon Signs a Commercial Agreement With Electra Afikim--Israel's Fourth Largest Bus Operator
growth-positive
Electreon to supply Israel's 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses
Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, has signed an agreement with Israel public transportation company Electra Afikim to provide wireless charging infrastructure for 30 buses. The deal, worth $1.9 million, includes maintenance and operation services for the next 12 years. This is the second commercial deal signed by Electreon in Israel, and the company sees potential for future expansion. Electreons activity in Israel aligns with its business model to promote public transport operators and commercial fleet operators worldwide. The company has also announced international deals, including a development agreement with Finlands Destia for commercial wireless charging projects. Electreon aims to transition from planning to large-scale production and sales in 2022.
PartnersCustomers
growth-negative
אלקטריאון מתרסקת ומחקה 35% מההשקעה של הציבור דרך פסגות, מור, מגדל ומיטב
The article discusses the loss of institutional investors who invested around 182,000 million ILS in אלקטריאון, a company with zero revenue but valued at around 2 billion ILS, in June 2020. The companys stock value has since decreased, causing a significant loss for the investors. The article criticizes the investors for their decision and suggests that they were more interested in showing quick profits and returns to attract more investors to their investment houses.
Investment
Electreon Announces Extension of World's First Wireless Electric Road for Trucks and Buses
growth-positive
Electreon Wireless to install electric road in Utah
Israeli wireless electric vehicle (EV) charging technology company Electreon Wireless is teaming up with ASPIRE to install a research test track in North Logan, Utah, in summer 2022. The test track will showcase Electreons technology for the first time in North America. This is in preparation for Electreons first deployment on a public road in the US in 2023, in partnership with the Michigan Department of Transportation. The demonstration project in Utah will involve 50 meters of dynamic in-road wireless charging hardware installed at Utah State Universitys test track. Electreon is actively working on dynamic charging solutions worldwide, including projects in Israel, Italy, Germany, Sweden, and now Utah and Michigan.
PartnersExpand
growth-positive
In-road electric vehicle charging is coming to Michigan
ElectReon, an Israeli company, is partnering with the Michigan Department of Transportation, Michigan Office of Future Mobility and Electrification, and Michigan Economic Development Corp to build the first shared public electric road system in the United States in Detroit. The wireless charging infrastructure will support various vehicle types, including autonomous vehicles. ElectReon is already running pilots in Germany, Italy, and Sweden and has a commercial deal to provide a charging network for public buses in Tel Aviv. The Detroit system is expected to be operational by 2023 and will be hosted by the Michigan Central mobility innovation district, with support from Next Energy, Ford Motor Co., DTE, and Jacobs Engineering Group. ElectReons partnership with Michigan is seen as a monumental step towards expanding its US presence.
PartnersExpand
Electreon Aligns with Jacobs to Grow U.S. Wireless EV Charging Infrastructure
growth-positive
Israeli Electric Vehicle Firm Builds US Road To Charge Cars While They Drive
ElectReon, an Israeli startup specializing in wireless and in-road electric vehicle charging technology, is set to deploy its first public wireless EV charging road system in Detroit, Michigan. The company has won a request for proposal (RFP) to build an Electric Road System (ERS) in Detroit as part of a pilot program in partnership with the Michigan Department of Transportation, the Michigan Office of Future Mobility and Electrification, and the Michigan Economic Development Corp. The wireless charging infrastructure will support various vehicle types and partners, including autonomous vehicles. ElectReon is working with companies like Next Energy, Ford Motor Company, DTE, and Jacobs Engineering Group to make the project happen. The electrified road will be a mile long and is expected to be fully functional by 2023.
PartnersInvestment
growth-positive
Office Tour: Electreon Wireless Offices - Beit Yanai
Positive Interiors was engaged by start-up technology company, Electreon Wireless, to design their offices in Beit Yanai, Israel. Electreon is developing wireless charging technology for electric vehicles. The office design reflects the companys innovative and environmentally-friendly approach. The space includes open workspaces, a conference room, a large kitchen, and dark-themed restrooms and locker rooms. The construction of the office took only 4 months thanks to advanced eco building methods. The design was done by Lilach Zuriel of Positive Interiors. The date of the event described in the article is not provided.
Partners
ElectReon and Dan Bus Company Launch World's Largest Commercial Wireless EV Charging Infrastructure for a Fleet of 200 Public Buses
growth-positive
https://www.jpost.com/breaking-news/former-israeli-president-rivlin-finds-new-job-676151
Former Israeli President Reuven Rivlin has been hired as president of Electreon, a growth-positive move for the company. Rivlins role will involve furthering the companys cooperation with governments and global companies and sharing their activities with decision-makers worldwide. The article discusses the management change at Electreon, with Rivlin joining the company after finishing his term as the president of Israel on July 7.
Management Changes
growth-negative
באלקטריאון בוחנים פנייה לרשויות: "מידע כוזב שיצר מפולת"
ElectReon, a company specializing in the development of smart road technology, has seen a significant drop in its stock value following false reports that investment house Altshuler Shaham was selling its shares in the company. The reports were quickly proven false, but not before ElectReons stock fell by 7.98%, with a current market value of around 2.2 billion shekels. Other companies also saw their stocks fall due to the misinformation. ElectReon is now considering legal action and possible recourse to relevant enforcement authorities.
Public Trading
growth-positive
Electreon successfully Operates Bus Charged via Electric Road in Tel Aviv
Electreon has successfully started operating an electric bus that is charged via the companys electric road infrastructure while traveling. This project is part of a pilot carried out in cooperation with the Tel Aviv-Yafo Municipality, Dan Bus Company, and Ayalon Highways. The deployment of Electreons infrastructure in Tel Aviv aims to demonstrate the advantages of the electric road system, including hidden charging points and efficient electrification of transportation. The pilot project showcases the implementation of charging a bus fleet in an urban environment, reducing battery size and enabling charging of other vehicles using the same infrastructure. Electreons CEO expressed the companys vision to electrify the entire Tel Aviv bus fleet and other bus fleets worldwide.
PartnersInvestment
growth-positive
Electreon Wins a Tender to Provide Road Charging Technology for a Project Funded by the German Government
ElectReon has been selected to provide technology for the eCharge project funded by the German Federal Highway Research Institute. The aim of the project is to develop an economical and functional solution for inductive charging of electric vehicles while driving. ElectReon will act as a subcontractor and integrate its wireless vehicle receiver into a Volkswagen electric vehicle for testing. The project consortium includes Volkswagen and Eurovia. ElectReon is also establishing a local subsidiary in Germany to support the advancement of wireless electric road technology. The project will focus on testing road integrity, connection to renewable energy, billing interface, and systems integration with vehicles.
Partners
growth-positive
ElectReon Presents World's First Dynamic Wireless Charging of a Long-Haul Electric Truck while Driving on a Public Road
ElectReon has completed the deployment of a dynamic wireless charging system on a public road in Gotland, Sweden, which is the largest deployment of its kind in the world. The system successfully charged a fully electric long-haul truck while driving at various speeds. The company plans to start operation of the entire road and simultaneously charge an electric bus. This milestone brings ElectReon closer to revolutionizing electric vehicle charging. In addition, the company has also deployed dynamic charging segments on a road in Ramat Aviv and a wireless charging station at the Tel-Aviv University train station bus terminal.
CustomersPartners
growth-positive
אלקטריאון החלה בהדגמת הכביש החשמלי בשבדיה
Electrion AB, a subsidiary of Electrion, has completed the installation of a wireless electric road segment in Sweden as part of a pilot program. The electric truck is able to charge wirelessly while driving on the road, with a charging power of approximately 70 kW. The successful pilot program is expected to lead to the expansion of the electric road to additional segments. Electrion plans to continue operating the electric truck on the road and increase the charging power. The company also intends to demonstrate the simultaneous charging of an electric bus and truck on the same road. The wireless charging technology is seen as a significant milestone in the development of electric roads.
PartnersExpand
growth-positive
Israel's ElectReon to install wireless electric road system in Italy
Israeli company ElectReon is collaborating with Italian infrastructure company Societa’ di Progetto Brebemi to install ElectReons wireless electric road system on the A35 toll road in Italy. The pilot project will begin with a 1km-stretch of the road and has the potential to expand to the entire 62km road. The estimated value of the entire project is $97.5 million. ElectReons technology allows electric vehicle batteries to be charged while in motion using copper coils placed under the road. ElectReon has also signed a deal with Eurovia to install wireless electric road systems in Germany, France, and Belgium. The companys shares have tripled in value, reaching $2.6 billion.
PartnersInvestment
growth-positive
ElectReon successfully charges truck on Swedish road
ElectReon Wireless Ltd. has successfully completed a trial in Sweden, where it supplied and conveyed 100 kilowatt of energy from an electric road to a battery installed in an electric truck. The trial was conducted on a road built by the company near Stockholm, and the electric truck was charged while traveling at 20 kilometers per hour. ElectReon is also building a similar road in Tel Aviv to test charging buses.
Expand
growth-positive
Israel's ElectReon inks deal with transport infrastructure giant Eurovia to install wireless electric road systems in Europe
Israeli company ElectReon has signed a deal with Eurovia, a subsidiary of the VINCI Group, to collaborate on the installation of wireless electric road systems in Germany, France, and Belgium. ElectReons technology allows electric vehicle batteries to be charged while in motion using copper coils under the road. They have also begun a pilot program in Tel Aviv and are preparing to provide a wireless electric charging system for Ayalon Highway. The winner of the tender for the highway project will receive tens of millions of shekels.
PartnersCustomers
growth-positive
Electreon building electric road in Tel Aviv
Tel Aviv-Yafo Municipality, in partnership with Dan Bus Co. and ElectReon Wireless Ltd., has started paving a 600-meter electric road for recharging electric buses. The initiative aims to increase the number of electric buses in Tel Aviv, which currently stands at 80. The pilot electric road will be tested for two months before being used by bus services. ElectReon Wireless Ltd. has previously built an electric road in Sweden and has signed an agreement to build one in Germany. The company received a NIS 1.5 million grant from Israels Ministry of Energy in 2016 to develop the system.
PartnersExpand
growth-positive
Israeli company Electreon partners with EnBW to build Germany's first Wireless Electric Road System
Electreon Wireless and Germany-based EnBW are planning to build the first wireless electric road system (ERS) in Germany. The project, agreed upon in March 2020, is part of a trend towards investing in greener infrastructure. The ERS is expected to power a bus line connecting the EnBW training center in Karlsruhes Rhine harbor to the local public transport system. Electreon will provide EnBW with a turnkey solution for dynamic and static wireless ERS and an electric bus. EnBW will manage all project management, provide the grid connections, and remain responsible for communicating with relevant local authorities.
PartnersInvestment
growth-positive
https://www.jpost.com/jpost-tech/israeli-start-up-electreon-wireless-charging-vehicles-while-driving-636425
Israeli start-up ElectReon Wireless has developed a solution for charging electric vehicles while driving on smart roads. The company places coils under the asphalt, which transmit wireless energy to receivers under the vehicle. This allows for extended driving ranges and smaller capacity batteries. ElectReon has conducted successful pilot programs, including charging a 40-ton truck wirelessly on an electric road in Sweden. The company plans to deploy 600 meters of road in Tel Aviv and expand into new markets in the United States and Latin America. ElectReon recently raised $50 million to support its commercialization efforts. The company believes that its technology will become more relevant as countries move towards banning gas-powered vehicles and adopting electric-powered transportation.
InvestmentExpand
growth-positive
ElectReon raises NIS 123m in equity offering
ElectReon Wireless, an Israeli smart road company, has raised NIS 123 million in an equity offering, representing 12.4% of its share capital. The offering was priced at NIS 157 per share, with a discount of 14% on the stocks closing price. The companys market cap has reached NIS 1.55 billion, with a 163% rise in share price this year. ElectReons technology enables wireless charging of electric vehicles as they are driven through a smart road. The funds raised will be used to expand to additional countries in Europe. ElectReon was founded in 2013 and is currently controlled by its founders and Dan Bus Company.
InvestmentExpand
growth-positive
Electreon Wireless Presses Ahead With Projects to Electrify Roads
Electreon Wireless is moving forward with projects to test its technology that allows electric cars to be charged while driving. The startup plans to install coils under a stretch of road in Tel Aviv and run a trial in Gotland, Sweden. The coils transmit electricity from a citys power grid to a receiver attached to a vehicle, enabling continuous charging while driving. The company aims to overcome the charging efficiency barrier to the mass adoption of electric vehicles. Electreon has the potential to electrify all of Tel Avivs main roads for $150 million and has signed an agreement with German utility EnBW to test the technology in Karlsruhe. The company also plans to expand to delivery trucks and smaller shuttle buses. The upfront costs are higher than traditional public transportation, but Electreon offers significant cost advantages.
CustomersPartners
growth-positive
Smart road trial success boosts ElectReon Wireless
ElectReon Wireless Ltd., a wireless vehicle charging technology company, has reported success in the static wireless charging trial of an electric truck on an experimental track in Sweden. The company is now preparing for the dynamic operation of its vehicle charging system on a public road in Sweden. ElectReon has developed technology that enables energy transfer wirelessly to vehicles traveling on the road, extending electric vehicle range and saving charging time. The company plans to initially install its system on buses and trucks and later extend it to private vehicles. ElectReon recently signed an agreement with the Tel Aviv municipality for a pilot project. The companys share price has increased by nearly 22% on the Tel Aviv Stock Exchange following the success of the trial.
PartnersInvestmentExpand
growth-positive
Charge-While-You-Drive Startup ElectReon Partners With German Energy Company EnBW
ElectReon Wireless Ltd. has signed a memorandum of understanding with EnBW Energie Baden-Württemberg AG to implement its wireless electrification technology on a road in Germany. EnBW will fund the pilots, and the financial details were not disclosed. ElectReon develops a real-time wireless electrification system for electric transportation, aiming to reduce dependence on fuel and charging stations. The system uses copper coils placed under the road and powered by an underground system, allowing for wireless charging of electric vehicles.
PartnersInvestment
growth-positive
ElectReon to build smart road in Sweden
Electreon Wireless, an Israeli smart electric road technology developer, has signed an agreement with the Swedish government to build an electrified road in Sweden. The road will be built using Electreons dynamic wireless loading technology and will accommodate wireless charging of electric trucks and buses while they are driving. The project will be carried out by a consortium of companies led by Electreons subsidiary, ElectReon Ab. The cost of the project is estimated at NIS 45 million, with the Swedish government contributing NIS 35 million. The consortium includes companies such as EiTech, Vinci Energies, RISE, and Dan. Electreon plans to apply its technology to buses and trucks initially, with the goal of later expanding to private vehicles.
PartnersInvestment
growth-positive
ElectReon wins tender to build smart road in Sweden
ElectReon Wireless has won a tender for demonstrating electrified road technology in Sweden. The companys share price has increased by 13% and its market cap has reached NIS 545 million. The project involves building a 1.6-kilometer electrified road as part of a 4.1-kilometer route between the airport and the city of Visby. The cost of the project is estimated at NIS 45 million, with the Swedish government covering most of the expenses. ElectReon formed a consortium of companies, including EiTech, RISE, and Dan, to carry out the project. The Swedish government plans to construct 2,000 kilometers of electrified road on high-speed highways at an estimated cost of $3 billion. ElectReons technology uses smart road technology for wireless charging of electric vehicles.
InvestmentPartners
growth-positive
ElectReon, Tel Aviv municipality to lay pilot electric road
ElectReon, a company that uses smart road technology for wireless charging of electric vehicles, will conduct a pilot of an electrified road section for passenger buses in Tel Aviv. The pilot aims to test the economic viability of operating a bus on the companys infrastructure. ElectReon recently concluded an initial trial of its electric road system and has seen a significant increase in its share price. Frost and Sullivan estimates the sector of wireless charging through a smart road to be worth over $35 billion. ElectReons share price has surged to NIS 56. The company was founded in 2013 and is controlled by its founders and Dan Bus Company.
PartnersExpand
growth-positive
TechNation: Electreon expected to announce smart road initiative for buses
Electreon is expected to announce the launch of an initiative for electric buses using its wireless energy transfer technology. The companys shares have skyrocketed in anticipation of the undertaking. Electreons technology powers electric vehicles via a copper strip installed under ordinary roads. After winning an investment from Dan bus company, Electreon formed a team to adapt Dan electric buses to its technology. A recent Frost & Sullivan report suggests that by 2025, Electreon could install lines at 155 locations in Israel and Europe.
InvestmentExpand
growth-positive
Charge While You Drive Startup ElectReon Announces Successful Trial
ElectReon Wireless Ltd., an Israel-based wireless charging company, has successfully powered an electric car mid-drive using its electric road infrastructure. The company conducted a trial where a Renault Zoe was driven over 25 meters of test road. ElectReon plans to build a 260-meter track to test various vehicles at higher speeds and drive durations. The trial demonstrated that 12 kilowatts of power could be transferred at 87% charging efficiency under all conditions. ElectReon reported almost $16 million in capital and assets for the first six months of 2018. The companys stock price increased by 16.35% after the announcement.
CustomersExpand
growth-positive
Electric road co ElectReon teams with Renault-Nissan
ElectReon Wireless Ltd. has signed a cooperation agreement with Renault-Nissan-Mitsubishi to install its smart road technology in an electric car. The companys share price has increased by nearly 200% since its listing on the Tel Aviv Stock Exchange in 2017. ElectReons technology involves installing coils beneath the surface of roads to wirelessly charge electric vehicles while they are traveling. The company plans to first implement the technology on buses and later on private vehicles. ElectReon has also signed agreements with Dan and Hutchinson for the development and installation of its infrastructure. The company recently reported success in a trial of its technology and is completing construction of a test site.
PartnersInvestment
growth-positive
http://www.jpost.com/Jpost-Tech/Israeli-bus-company-invests-millions-in-wireless-charging-electric-roads-518472
Israeli bus company Dan Bus Company is investing $2.2 million in technology that turns regular roads into electric power sources. The technology, developed by ElectRoad, uses conduction coils to wirelessly charge electric buses while driving, eliminating the need for batteries or cable charging. The startup will focus on public transportation and plans to lay charger coils underneath designated lanes to power the buses. The innovation offers zero emissions, high efficiency, and low cost. ElectRoad also envisions the possibility of sharing energy between vehicles in the future.
InvestmentExpand
growth-positive
Dan to invest up to NIS 8m in electric road co
Biomedix Incubator has signed a cooperation agreement with Dan Bus Company to invest up to NIS 8 million in ElectRoad, an Israeli company that has developed technology to power electric cars using electrical coils beneath roads. The agreement is contingent on the completion of the merger between ElectRoad and Biomedix. Biomedixs share price has surged 21% since the announcement of the merger, and the companys market cap is now NIS 16 million. ElectRoads technology uses magnetic conduction coils to power vehicles through magnetic induction. The company plans to start with public transportation and gradually expand to electrify more roads. The investment by Dan Bus Company indicates interest from public transportation companies in the technology.
InvestmentAcquisition
growth-positive
Israel's Electroad is Testing Roads that will Charge Vehicles as They Drive Digital Trends
Israeli startup Electroad has received $120,000 from the Ministry of Transport and Road Safety to test its technology that allows electric buses to charge while driving. The technology uses electromagnets and copper plates on the road which interact with similar copper plates under buses as they travel over them. The pilot scheme will be tested on a half-mile stretch of road in Tel Aviv, with plans to install 11 miles of the smart road between the city of Eilat and the nearby Ramon International Airport if successful. Electroad is also in talks with France, Germany, Sweden, the U.S., Spain and others about potential expansion.
InvestmentExpand
growth-positive
Recharge electric vehicles from under the road
ElectRoad, a company founded in 2013, is developing a unique underground electric coil system to recharge electric vehicles as they travel on the road. The company is starting a pilot project in Tel Aviv involving a short public bus route. ElectRoad received funding from the European Unions Horizon 2020 project to refine its objectives and woo strategic partners. The companys technology allows for easy retrofitting of electric buses, trucks, and cars. The system electrifies the engine directly, eliminating the need for a large battery and providing charging in areas without the underground infrastructure. ElectRoad plans to focus on public transportation first before expanding to private transit. The company aims to gradually scale up its operations and prove its cost-savings and pollution-preventing concept.
PartnersInvestment
growth-positive
Israeli Startup Is Building Electric Roads That Will Charge Cars
Israeli startup ElectRoad is testing an electric road that charges cars while they drive. The company inserts copper chains into grooves in the asphalt, which are connected to a power converter on the side of the road. Electric cars have contact points fitted underneath that power them or charge their batteries as they drive. ElectRoad aims to lower the cost of fueling public transportation fleets while benefiting the environment. The technology is expected to be cheaper than traditional diesel-fueled buses and uses renewable energy. ElectRoad won first prize at a clean energy startup competition and will partner with the city of Tel Aviv to test the technology on a public electric bus. The company plans to expand its technology to taxis and trams.
PartnersExpand
growth-positive
Tel Aviv tests out Israel's first electric road
Tel Aviv is testing out the country’s first electric road developed by startup ElectRoad. The road uses ElectRoads smart road technology to power and charge electric cars as they drive. The trial aims to test the technologys durability and performance under vehicle traffic and weather conditions. The technology allows electric cars to receive electricity through contacts fitted onto their undercarriage when driving over the smart road, enabling them to have smaller batteries and reducing their cost. If successful, the city of Tel Aviv plans to conduct a broader pilot with electric buses. The article mentions Englands pilot testing of electric roads, which is not being conducted on public roads.
PartnersCustomers
Electroad to electric the bus systems in Israel, then the world - Green Prophet
Electreon Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 133 |
| Team members | 5 |
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Admin Info
| Confidence | 99/100 |
| Missing | video or image, markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 520038126 |
| Crunchbase | electreon |
| Phone | +972765409944 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-07-27T00:00:00.000Z |
| Created | 2015-04-28T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Oct, 2017<br> |