ZOOZ Power

Company Overview

Snapshot

Founded in April 2013 by Nir Zohar, David Pincu, and Ilan Ben-David, ZOOZ Power operates with 11–50 employees. The company has raised over $254 million across 11 funding rounds from 15 investors. In April 2024, ZOOZ Power became publicly traded on NASDAQ following a business combination with Keyarch Acquisition Corporation.

Business overview

ZOOZ Power develops ultra-fast power storage solutions for electric vehicle (EV) charging infrastructure, primarily targeting charge point operators, property owners, and fleet managers. Its core product, the ZOOZTER™-100, utilizes kinetic flywheel technology for energy storage, offering a durable and sustainable alternative to chemical batteries. This technology enables 15-minute ultra-fast charging even in areas with weak power grids, addressing critical infrastructure limitations in the rapidly expanding EV market. The company also expanded its business model in late 2025 to include a Bitcoin treasury strategy, holding Bitcoin as a core financial asset.

Strategic signal

In July 2025, ZOOZ Power announced a strategic pivot towards Bitcoin acquisition, securing a $180 million PIPE deal from institutional investors including. This move signals a significant shift in the company's financial strategy, aiming to offer shareholders long-term exposure to Bitcoin while continuing its energy storage operations. This dual focus on energy tech and digital assets presents a unique investment proposition, though it initially led to a 45% drop in share price, reflecting investor reaction to the unexpected change.

Company Intelligence Q&A

What was the outcome of ZOOZ Power's business combination with Keyarch Acquisition Corporation?

In April 2024, ZOOZ Power became publicly traded on NASDAQ following its business combination with Keyarch Acquisition Corporation. The company also remains listed on the Tel Aviv Stock Exchange.

What was ZOOZ Power's financial performance in the full year 2024?

In March 2025, ZOOZ Power reported a revenue of US$1.04 million for the full year 2024, marking a 34% increase from FY 2023. The company's net loss narrowed by 20% to US$11.0 million, with a loss per share improving to US$1.09.

What strategic move did ZOOZ Power make regarding its treasury in October 2025?

In October 2025, ZOOZ Power expanded its Bitcoin treasury by acquiring an additional 94 Bitcoin for approximately $10 million, increasing its total holdings to 1,036 Bitcoin. This is part of the company's long-term strategy to integrate Bitcoin as a core treasury asset.

What was a key operational expansion for ZOOZ Power in March 2025?

In March 2025, ZOOZ Power successfully deployed its ZOOZTER™-100 kinetic power booster at a New York Power Authority (NYPA) site in Marcy, New York. This marked the first deployment of its technology in a U.S. power utility to enhance ultra-fast EV charging in grid-constrained areas.

What was ZOOZ Power's strategic response to operational costs in June 2025?

In June 2025, ZOOZ Power announced a restructuring plan to reduce operating costs by 35% and explore strategic alternatives for its flywheel technology. This included a proof of concept with a defense electronics company, aiming to diversify applications beyond EV charging.