ZOOZ Power Overview
Zooz Power is an energy technology company that develops ultra-fast power storage solutions designed specifically for transportation and infrastructure applications. Their primary product is a kinetic energy storage system, which stores energy through a flywheel technology rather than traditional batteries. This technology is particularly suited for high-power, short-duration applications like ultra-fast electric vehicle (EV) charging. By using kinetic storage, Zooz Power's solutions aim to provide sustainable, efficient, and durable charging infrastructure, helping reduce the load on local power grids while supporting rapid EV adoption.
Cumulative Funding Raised Over Time ($)
$1.2MApr 2013
$2.8MApr 2015
$9.0MDec 2017
$9.0MJan 2021
$19.0MJul 2019
$199.0MJul 2025
$228.5MMar 2022
Latest News
growth-positive
/PRNewswire/ -- ZOOZ Strategy Ltd. (Nasdaq: ZOOZ) (TASE: ZOOZ) announced today that it has acquired an additional 94 Bitcoin at an average price of $ 112...
ZOOZ Strategy Ltd., a dual-listed company on Nasdaq and the Tel Aviv Stock Exchange, has acquired an additional 94 Bitcoin at an average price of $112,000 per Bitcoin, totaling approximately $10 million. This purchase increases ZOOZs total Bitcoin holdings to 1,036 Bitcoin, valued at around $115 million. The acquisition is part of ZOOZs long-term Bitcoin treasury strategy, which aims to integrate Bitcoin as a core treasury asset, offering investors direct exposure to Bitcoin in New Israeli Shekels. The companys CEO, Jordan Fried, emphasized the strategic importance of Bitcoin as a resilient store of value. ZOOZs approach bridges traditional capital markets with the Bitcoin economy, providing shareholders with asymmetric, long-term exposure to Bitcoin.
growth-positive
/PRNewswire/ -- ZOOZ Power Ltd. (Nasdaq: ZOOZ) (TASE: ZOOZ) ("ZOOZ" or the "Company") today announced the subsequent closing of its private placement initially...
ZOOZ Power Ltd. announced the subsequent closing of its private placement, initially announced on July 29, 2025, to support its bitcoin treasury reserve strategy. The company has raised $159 million, including $5 million from the July 2025 PIPE, and plans to use approximately 95% of the net proceeds to acquire bitcoin for long-term treasury management. ZOOZ purchased 525 bitcoins for $60 million, marking the launch of its treasury program. The company has also restructured its Board of Directors following shareholder approval. Strategic investors include Pantera Capital, FalconX, Arrington Capital, UTXO Management, and ATW Partners. The company filed a shelf registration statement to potentially raise up to $1 billion in additional capital. ZOOZ aims to provide transparency in BTC-per-share and manage leverage within pre-defined guardrails.
PIPEInvestmentManagement Changes
growth-positive
A Key Crypto Insider Wants to Make This Penny Stock the Next MicroStrategy. Should You Buy Shares Here?
Barchart is offering a subscription service called Barchart Plus for less than $10 per month, which includes features like more watchlists, portfolios, custom views, and chart templates. The service comes with a free 30-day trial. Barchart provides a wide range of financial market data and tools, including stock market overviews, indices, sector performance, ETF market data, futures market data, and themed stock lists. The platform also offers technical analysis tools and resources for investors. The article highlights the comprehensive nature of Barcharts offerings, which cater to both individual investors and financial professionals.
growth-negative
Company’s sudden pivot from energy storage to digital assets shocks markets.
Zooz Power, a company known for its kinetic energy storage systems, has announced a strategic pivot towards Bitcoin acquisition, leading to a 45% drop in its share price. The company secured a $180 million PIPE deal from institutional investors, including Pantera Capital and FalconX, to fund this transition. Despite the shift, Zooz Power will continue its energy storage operations. The company also announced a leadership change, with Jordan Fried replacing Erez Zimerman as CEO. Zooz Powers market value fell significantly following the announcement, reflecting investor disappointment with the unexpected move into cryptocurrency. The transition requires shareholder approval.
PIPEManagement Changes
growth-negative
ZOOZ Power Explores Strategic Opportunities as Leading Defense Company Commences POC for Flywheel-Based Power Booster
ZOOZ Power Ltd, a leader in flywheel-based power boosters and energy management systems, announced a restructuring plan to reduce operating costs by 35%. The company is exploring strategic alternatives to leverage its patented flywheel technology further. A proof of concept (POC) is underway with a prominent defense electronics company, potentially expanding the application of ZOOZs technology beyond its core EV charging systems. This collaboration could open new verticals and broaden the technologys use. The restructuring aims to make ZOOZ leaner and more agile, focusing on high-growth areas. ZOOZ is publicly traded on NASDAQ and TASE.
PartnersLayoffs
| Sector | Energy Tech |
Funding
| Total funding | $249.99M |
| Last funding | $180M |
| Stage | Public |
| Rounds | 10 |
| Investors | 14 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | www.zoozpower.com/ |
Locations
HaMelacha St 4, Lod, Israel
Photos & Videos
6 item(s)
ZOOZ Power Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Climate TechEnergy TransitionEco-Efficient Energy StorageEco-Efficient Transportation & LogisticsEco-Efficient Electric Vehicle Infrastructure & PlatformsAutomotive & Mobility TechnologiesElectric Mobility & Alternative FuelsEnergy TechEnergy Management & Grid IntegrationTarget Customer
Energy, Utilities & Waste ManagementRenewable Energy SystemsWindUtilitiesElectricityGovernment & CityMunicipalitiesTransportation & LogisticsTransportation InfrastructureRoad & RailCore Technology
—Tags (16)
energy-storagerechargeable-batteriesenergybatteriesclimate-techelectric-vehiclesautomotiveelectric-utilitiescommercial-sitescharging-stationsrenewable-energysmart-mobilityoil-and-gas-companiesenergytechalternative-storagefleet-managementSolutions
{"title":"Electric Vehicle Charging Infrastructure","description":"ZOOZ Power provides Kinetic Power Boosters (KPB) that enable ultra-fast EV charging (up to 350kW) by storing and rapidly discharging energy, overcoming grid infrastructure limitations for Charge Point Operators.","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":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":5,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":5,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}}]}
{"title":"Real Estate / EV Charging Infrastructure","description":"ZOOZ Power provides kinetic energy storage systems (PowerBoost) that enable high-power EV charging for multi-tenant properties without requiring expensive and time-consuming grid upgrades, offering a cost-effective and scalable solution.","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":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"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."}}]}
{"title":"Electric Vehicle Charging Infrastructure","description":"ZOOZ Power offers a kinetic energy storage system (KESS) for ultra-fast electric vehicle (EV) charging, enabling fleet operators to overcome grid limitations, reduce demand charges, and ensure rapid vehicle turnaround.","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":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":5,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}}]}
{"title":"Automotive","description":"ZOOZ Power provides a Kinetic Energy Storage System (KESS) that enables ultra-fast electric vehicle (EV) charging by overcoming grid limitations and reducing infrastructure costs for charging station operators.","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":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"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."}}]}
{"title":"Utilities","description":"ZOOZ Power provides grid-independent, high-power EV charging solutions using kinetic energy storage (flywheel technology) to enable ultra-fast charging in grid-constrained locations, reducing reliance on costly grid upgrades.","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":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"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
Charge Point OperatorsProperty OwnersFleetsAutomotiveUtilitiesGeographic Markets
FranceIcelandFinlandNorth AmericaDenmarkEuropeGermanyUnited KingdomAustriaItalyWestern EuropeUnited StatesSwedenNorwaySwitzerlandZOOZ Power Financials
$249.99M
Total funding
Undisclosed
Capital raised
$180M
Last funding
Public
Funding stage
10
Total rounds
14
Investors
Cumulative Funding Raised Over Time ($)
$1.2MApr 2013
$2.8MApr 2015
$9.0MDec 2017
$9.0MJan 2021
$19.0MJul 2019
$199.0MJul 2025
$228.5MMar 2022
Private Equity Funding
PIPE
Jul 2025
$180M
Pantera Capital (Lead)
,
FalconX, ATW partner, Arrington XRP Capital
PIPE
Mar 2022
$29.5M
Capital Nature, Yalin Lapidot, Meitav Dash, Afcon Holdings, Phoenix
Undisclosed Round
Jan 2021
Undisclosed
Ratio Technologies
D Round
Jul 2019
$10M
iArgento, Elah Fund, Capital Nature
C Round
Dec 2017
$6.2M
Goldbell Investments, Capital Nature, iArgento
B Round
Apr 2015
$1.6M
SHR
Seed
Apr 2013
$1.2M
Capital Nature
Non-Equity Funding
GrantEvent
Jun 2016
$185.71K
Public Offering / Exit
SpacEvent
Apr 2024
Undisclosed
POEvent
Apr 2021
Undisclosed
ZOOZ Power Lifecycle
Cumulative Funding Raised Over Time
$1.2MApr 2013
$2.8MApr 2015
$9.0MDec 2017
$9.0MJan 2021
$19.0MJul 2019
$199.0MJul 2025
$228.5MMar 2022
All Events
PIPE
Jul 2025
$180M
Pantera Capital (Lead)
,
FalconX, ATW partner, Arrington XRP Capital
PIPE
Mar 2022
$29.5M
Capital Nature, Yalin Lapidot, Meitav Dash, Afcon Holdings, Phoenix
Undisclosed Round
Jan 2021
Undisclosed
Ratio Technologies
D Round
Jul 2019
$10M
iArgento, Elah Fund, Capital Nature
C Round
Dec 2017
$6.2M
Goldbell Investments, Capital Nature, iArgento
B Round
Apr 2015
$1.6M
SHR
Seed
Apr 2013
$1.2M
Capital Nature
GrantEvent
Jun 2016
$185.71K
SpacEvent
Apr 2024
Undisclosed
POEvent
Apr 2021
Undisclosed
ZOOZ Power News
60 articles
growth-positive
/PRNewswire/ -- ZOOZ Strategy Ltd. (Nasdaq: ZOOZ) (TASE: ZOOZ) announced today that it has acquired an additional 94 Bitcoin at an average price of $ 112...
ZOOZ Strategy Ltd., a dual-listed company on Nasdaq and the Tel Aviv Stock Exchange, has acquired an additional 94 Bitcoin at an average price of $112,000 per Bitcoin, totaling approximately $10 million. This purchase increases ZOOZs total Bitcoin holdings to 1,036 Bitcoin, valued at around $115 million. The acquisition is part of ZOOZs long-term Bitcoin treasury strategy, which aims to integrate Bitcoin as a core treasury asset, offering investors direct exposure to Bitcoin in New Israeli Shekels. The companys CEO, Jordan Fried, emphasized the strategic importance of Bitcoin as a resilient store of value. ZOOZs approach bridges traditional capital markets with the Bitcoin economy, providing shareholders with asymmetric, long-term exposure to Bitcoin.
growth-positive
/PRNewswire/ -- ZOOZ Power Ltd. (Nasdaq: ZOOZ) (TASE: ZOOZ) ("ZOOZ" or the "Company") today announced the subsequent closing of its private placement initially...
ZOOZ Power Ltd. announced the subsequent closing of its private placement, initially announced on July 29, 2025, to support its bitcoin treasury reserve strategy. The company has raised $159 million, including $5 million from the July 2025 PIPE, and plans to use approximately 95% of the net proceeds to acquire bitcoin for long-term treasury management. ZOOZ purchased 525 bitcoins for $60 million, marking the launch of its treasury program. The company has also restructured its Board of Directors following shareholder approval. Strategic investors include Pantera Capital, FalconX, Arrington Capital, UTXO Management, and ATW Partners. The company filed a shelf registration statement to potentially raise up to $1 billion in additional capital. ZOOZ aims to provide transparency in BTC-per-share and manage leverage within pre-defined guardrails.
PIPEInvestmentManagement Changes
growth-positive
A Key Crypto Insider Wants to Make This Penny Stock the Next MicroStrategy. Should You Buy Shares Here?
Barchart is offering a subscription service called Barchart Plus for less than $10 per month, which includes features like more watchlists, portfolios, custom views, and chart templates. The service comes with a free 30-day trial. Barchart provides a wide range of financial market data and tools, including stock market overviews, indices, sector performance, ETF market data, futures market data, and themed stock lists. The platform also offers technical analysis tools and resources for investors. The article highlights the comprehensive nature of Barcharts offerings, which cater to both individual investors and financial professionals.
growth-negative
Company’s sudden pivot from energy storage to digital assets shocks markets.
Zooz Power, a company known for its kinetic energy storage systems, has announced a strategic pivot towards Bitcoin acquisition, leading to a 45% drop in its share price. The company secured a $180 million PIPE deal from institutional investors, including Pantera Capital and FalconX, to fund this transition. Despite the shift, Zooz Power will continue its energy storage operations. The company also announced a leadership change, with Jordan Fried replacing Erez Zimerman as CEO. Zooz Powers market value fell significantly following the announcement, reflecting investor disappointment with the unexpected move into cryptocurrency. The transition requires shareholder approval.
PIPEManagement Changes
growth-negative
ZOOZ Power Explores Strategic Opportunities as Leading Defense Company Commences POC for Flywheel-Based Power Booster
ZOOZ Power Ltd, a leader in flywheel-based power boosters and energy management systems, announced a restructuring plan to reduce operating costs by 35%. The company is exploring strategic alternatives to leverage its patented flywheel technology further. A proof of concept (POC) is underway with a prominent defense electronics company, potentially expanding the application of ZOOZs technology beyond its core EV charging systems. This collaboration could open new verticals and broaden the technologys use. The restructuring aims to make ZOOZ leaner and more agile, focusing on high-growth areas. ZOOZ is publicly traded on NASDAQ and TASE.
PartnersLayoffs
growth-positive
ZOOZ Power to Present at the 2025 Aegis Capital Virtual Conference
ZOOZ Power Ltd, a leader in flywheel-based power boosters and energy management systems, is set to present at the 2025 Aegis Capital Corp. Virtual Conference. The company provides solutions for ultra-fast EV charging, addressing the gap between consumer demand and grid capacity. Their technology allows Charging Point Operators and fleet owners to bypass grid limitations, offering sustainable and cost-effective power-boosting systems. The article highlights ZOOZ Powers role in accelerating EV infrastructure rollout and enhancing grid efficiency. The companys participation in the conference is seen as a positive step towards growth, as it provides an opportunity to showcase their advancements to potential investors and partners.
growth-positive
ZOOZ Power’s Kinetic Power Booster Powers Ultra-Fast EV Charging at New York Power Authority Work Site in Upstate New York
ZOOZ Power Ltd, a provider of flywheel-based power boosters and energy management systems, has successfully deployed its ZOOZTER™-100 kinetic power booster at a New York Power Authority (NYPA) site in Marcy, New York. This marks the first deployment of ZOOZ Power’s technology in a U.S. power utility, aimed at enhancing ultra-fast EV charging in areas with grid constraints. The system, installed in partnership with NYPA, boosts grid power and efficiency, enabling faster EV charging while managing energy distribution. This deployment is a significant step in ZOOZ Powers North American expansion and its mission to provide sustainable EV charging solutions globally.
PartnersExpand
growth-positive
ZOOZ Power Enhances Global Strategy with New Energy Storage Solutions, Advanced Energy Management System and Expended Sales Team
ZOOZ Power Ltd, a leader in flywheel-based power boosters and energy management systems, announced the introduction of new Energy Storage Systems (ESS) and an enhanced Energy Management System (EMS) to improve EV charging performance and cost efficiency. The new ESS allows operators to reduce electricity costs by storing energy during off-peak times. The company also upgraded its EMS for better real-time management and response capabilities. Additionally, ZOOZ Power is expanding its global sales team, appointing Ilan Tevet as Vice President of Global Sales and new sales managers in strategic markets like the UK, Germany, and France. These developments aim to support the global shift toward EV adoption.
Product StageExpandManagement Changes
growth-positive
ZOOZ Power Full Year 2024 Earnings: US$1.09 loss per share (vs US$2.33 loss in FY 2023)
ZOOZ Power reported a revenue of US$1.04 million, marking a 34% increase from FY 2023. The companys net loss narrowed by 20% to US$11.0 million, with a loss per share improving from US$2.33 to US$1.09. The companys shares have risen by 23% over the past week. Looking forward, ZOOZ Powers revenue is expected to grow at an average rate of 57% annually over the next three years, significantly outpacing the 8.3% growth forecast for the US Electrical industry. Despite these positive indicators, there are five warning signs for the company, two of which are notably concerning.
growth-positive
ZOOZ Power Reports H2 and Full Year 2024 Financial Results
ZOOZ Power Ltd, a leader in flywheel-based power boosters for ultra-fast EV charging, reported a 36% increase in revenue for 2024, reaching $1.04 million. The company is expanding operations in Germany and France and has secured a Standby Equity Purchase Agreement for up to $12 million. ZOOZ Power appointed Erez Zimerman as CEO in September 2024, focusing on global expansion and partnerships with leading charge point operators. The company deployed its ZOOZTER™-100 system at NYPA and Dor-Alon, enhancing its presence in key markets. Despite a net loss of $10.99 million for the year, ZOOZ Power is poised for growth with strategic investments and partnerships.
CustomersPartnersManagement ChangesExpandInvestment
growth-positive
ZOOZ Power: Leading Charge Point Operator in China to install ZOOZ Power’s Boosting System, Marking Strategic Entry into the World’s Largest EV Market
ZOOZ Power Ltd, a provider of flywheel-based power boosters and energy management systems, has shipped its first ZOOZTER™-100 system to China. This marks a significant step in penetrating the Chinese market, particularly through a partnership with Yixiaoju Technology Co., Ltd, part of DiDis Orange Charging network. The installation in Shanghai will enhance charging capabilities and serve as a pilot for further market penetration. With Chinas EV market booming, ZOOZ Power aims to support ultra-fast charging networks and reduce grid strain. The move aligns with Chinas electrification goals and ZOOZ Powers strategic focus on expanding its presence in the rapidly growing EV market.
Product StageCustomersPartners
growth-positive
ZOOZ Power to Present at the 5th European EV Charging Infrastructure 2025 Conference in Amsterdam on March 4, 2025
ZOOZ Power Ltd, a leader in Flywheel-based power boosting and management solutions, is set to present at the 5th European EV Charging Infrastructure 2025 Conference in Amsterdam. The company will showcase its innovative kinetic power boosters that enable ultra-fast EV charging without the need for costly grid upgrades. By improving energy distribution and efficiency, ZOOZ Powers solutions support the deployment of multiple ultra-fast EV chargers, promoting sustainability and a greener future. The conference will focus on advancing EV infrastructure and modernizing electrical grids, offering insights and networking opportunities for industry stakeholders. ZOOZ Powers technology addresses the growing demand for EV charging and the limitations of current grid capacity, positioning the company for growth in the expanding EV market.
growth-positive
ZOOZ Power Ltd. to Participate in Benchmark’s 13th Annual Discovery One-on-One Investor Conference
ZOOZ Power Ltd, a leader in Flywheel-based power boosting and power management solutions, announced its participation in Benchmark’s 13th Annual Discovery One-on-One Investor Conference on December 11, 2024, in NYC. The company focuses on enabling ultra-fast multi-port EV charging by overcoming existing grid limitations. ZOOZ Powers technology aims to bridge the gap created by the rapid acceleration of the EV revolution and limited grid capacity. The companys solutions are designed to enhance the deployment of fast-charging infrastructure, improving efficiency and profitability. ZOOZ Power is publicly traded on NASDAQ and TASE under the ticker ZOOZ.
growth-positive
ZOOZ Power Enters Standby Equity Purchase Agreement to Further Growth Strategy
ZOOZ Power Ltd, a provider of power management solutions for EV charging, has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd., managed by Yorkville Advisors Global, LP. This agreement allows ZOOZ to sell up to $12 million in ordinary shares to Yorkville over two years, providing flexible financing to support growth. The shares will be priced at 97% of the market price, with ZOOZ retaining control over the timing and volume of sales. The agreement includes conditions such as a registration statement with the SEC. This strategic financing option is intended to provide ZOOZ with additional capital as needed, enhancing its ability to expand and innovate in the EV charging sector.
Investment
growth-positive
ZOOZ Power Ltd. to Present at the LD Micro Main Event XVII on Wednesday, October 30, 2024
ZOOZ Power Ltd, a leading provider of Flywheel-based power boosting and power management solutions, announced that its CEO, Erez Zimerman, will present at the LD Micro Main Event XVII in Los Angeles on October 30, 2024. The company focuses on enabling ultra-fast multi-port EV charging by overcoming grid limitations with its Flywheel technology. This presentation is an opportunity for ZOOZ Power to showcase its innovative solutions and engage with potential investors and partners. The company is publicly traded on NASDAQ and TASE under the ticker ZOOZ. The article highlights ZOOZ Powers commitment to sustainability and efficient power management, which are crucial for the widespread deployment of EV charging infrastructure.
growth-positive
ZOOZ Power Reports Financial Results for the Six Months Ended June 30, 2024
ZOOZ Power Ltd, a provider of Flywheel-based power boosting and power management solutions for EV charging, has announced its financial results for the first half of 2024. The company reported a revenue of approximately $543 thousand and a net loss of approximately $5,237 thousand. ZOOZ has also expanded its market presence in the UK and Israel through collaborations with Osprey Charging, Dor-Alon, and Afcon Electric Transportation. However, the company terminated its memorandum of understanding with Arko Corp. ZOOZ also highlighted its focus on enhancing operational efficiency and cost-effectiveness.
CustomersPartnersManagement ChangesExpand
Growth-Positive
ZOOZ Power Appoints Erez Zimerman as New CEO
ZOOZ Power Ltd, a leading provider of Flywheel-based power boosting and power management solutions for ultra-fast multi-port EV charging, has announced the appointment of Erez Zimerman as its new CEO, effective from September 17, 2024. Zimerman brings a wealth of experience from his distinguished career in hardware, software, and chemistry, and has a proven track record of driving company turnarounds, leading successful IPOs and acquisitions, and scaling global sales operations. Prior to joining ZOOZ Power, Zimerman held executive roles at Massivit 3D, where he served as CEO since 2019.
Management Changes
growth-positive
ZOOZ Power success of four ultra-fast EV charging sites that utilizes the ZOOZTER-100 product in Germany results in a new purchase order received by ZOOZ for a fifth site
ZOOZ Power Ltd, a provider of flywheel-based boosters power management solutions for ultra-fast multi-ports EV charging, is expanding its presence in Germany. The companys ZOOZTER-100 products are now operational at four sites in Germany, with a fifth site soon to be launched. The sites are operated by Charge Point Operators Mer and Parkstrom. The ZOOZTER-100 system enables smooth, continuous ultra-fast EV charging without the need for expensive grid upgrades. The companys expansion in Germany is due to the increasing demand for innovative flywheel-based EV charging solutions.
CustomersExpand
Growth-Positive
ZOOZ Power to hold an investor update
ZOOZ Power Ltd., a leading provider of advanced Flywheel technology-based power management solutions for ultra-fast multi-ports EV charging, has announced a conference call on August 1st, 2024. The companys Chairman and Interim CEO, Avi Cohen, will participate in the meeting. The companys technology enables efficient utilization and power management of a power-limited grid at an EV charging site. The press release also contains forward-looking statements regarding ZOOZs strategy, future operations, financial position, market share, anticipated costs, prospects, plans, and expected market growth.
Investment
growth-positive
ZOOZ Power Doubles Ultrafast Charging Capacity at Second Site on Cross-Israel Highway, Enabling Major Improvement in Service and Revenue Opportunity with no Grid Upgrade
ZOOZ Power Ltd has installed its flywheel-based power boosting and management solution at a second site on Route 6, the Cross-Israel Highway, in partnership with Dor-Alon and AfconEV. The installation doubles the potential ultrafast charging capacity at each of the two sites without upgrading the grid. The companys system works by dynamically managing charging while using stored kinetic energy to supplement limited grid supply, maximizing infrastructure utilization without costly upgrades, and increasing revenue opportunities for the sites owner. The installations are a joint venture between ZOOZ Power, Dor-Alon, a leading gas station network operator, and Afcon Electric Transportation, a leading charge point operator (CPO) in Israel.
PartnersExpand
growth-positive
ZOOZ Power Partners with Dor-Alon, a Leading Gas-Station Network Operator in Israel and “ON”, The Leading Charging Network in Israel, To Boost Ultra-Fast Charging Infrastructure Along Cross-Israel Highway
ZOOZ Power Ltd, a leading provider of flywheel-based power-boosters for ultra-fast EV-charging, has successfully deployed its Power Boosting solution at the “ON” charging site at Dor-Alon Station on Route 6, one of Israel’s most congested transportation corridors. This is a result of a collaboration between ZOOZ Power and the ON charging network, a leading ultra-fast charging network in Israel. The parties plan to implement ZOOZ’s solution and upgrade an additional site of “ON” on Route 6, the Cross-Israel Highway, expected to open in the second quarter of 2024.
PartnersExpand
growth-positive
ZOOZ Power Announces CEO Transition
ZOOZ Power Ltd, a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, has announced that Avi Cohen, Executive Chairman, will assume the role of Interim CEO, succeeding Boaz Weizer, effective June 1, 2024. The company has initiated a thorough search process to identify its next CEO. Mr. Eyal Bloom, Chief Revenue Officer, will assume the role of Interim CBO responsible for all outbound customer facing functions while Ms. Ruth Smadja, Chief Financial Officer, will assume the role of Interim COO responsible for all other functions.
Management Changes
growth-positive
Sidoti Events, LLC's Virtual May Micro-Cap Conference
Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has announced the schedule for its two-day May Micro-Cap Conference taking place on May 8-9, 2024. The conference is part of the companys efforts to serve the needs of presenters and attendees in the small and microcap companies sector. In 2024, Sidoti also established Lighthouse Equity Research to meet the specific needs of companies not valued using traditional metrics or facing challenges obtaining coverage due to political risks or other factors. Sidoti Events hosts eight investor conferences each year, providing multiple forums for meaningful interaction for small and microcap issuers and investors.
Expand
Growth-Positive
ZOOZ Power to Present Virtually at the Sidoti Micro-Cap Conference on Thursday, May 9, 2024
ZOOZ Power Ltd, a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, announced that its CEO, Boaz Weizer, and Executive Chairman, Avi Cohen, will present virtually at the Sidoti Micro-Cap Conference on May 9, 2024. ZOOZs management will be available for virtual one-on-one meetings on both days of the conference. The companys technology enables efficient utilization and power management of a power-limited grid at an EV charging site, facilitating greater utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth.
Management Changes
Growth-Negative
ZOOZ Power completes SPAC merger
ZOOZ Power, a developer of fast charging solutions for electric vehicles, has completed its merger into a US SPAC and began trading on the Nasdaq exchange. The companys share price fell by 69.6% in the days leading up to the merger. The original shareholders in ZOOZ Power were due to hold 40-50% of the company after the merger. The companys market cap was NIS 110 million at the end of the weeks trading on the Tel Aviv Stock Exchange.
Public TradingAcquired-by
growth-positive
Keyarch Acquisition Corporation Announces Extraordinary General Meeting of Shareholders to Vote on Proposed Business Combination With Zooz Power Ltd.; Form F-4 Declared Effective
Keyarch Acquisition Corporation and ZOOZ Power Ltd. have announced that their proposed business combination has been approved by the Securities and Exchange Commission (SEC). The registration statement on Form F-4 filed by ZOOZ was declared effective on March 18, 2024. Keyarch will hold a general meeting of its shareholders on March 27, 2024, to vote on the approval of the business combination agreement. Keyarch’s board of directors unanimously recommends that Keyarch shareholders vote “FOR” all of the proposals to be voted upon at the meeting.
AcquisitionPublic Trading
growth-positive
זוז פאוור חודרת אל השוק הבריטי
Zooz Power has completed the establishment of its first site in England in partnership with Osprey Charging. This is a strategic move for Zooz Power in the UK market, with the aim of leveraging the site for the adoption of the solution by Osprey for the establishment and upgrading of fast charging sites that they manage. The company and Osprey have completed the sites establishment and its performance testing, and its commercial operation is expected to begin in March 2024. The site is also expected to serve as a demonstration of Zoozs solution to additional customers in the UK market.
PartnersExpand
growth-positive
Keyarch Acquisition Adds $13M PIPE to ZOOZ Deal | DealFlow's SPAC News
Keyarch Acquisition has secured $13 million in PIPE funding to support its proposed merger with ZOOZ Power, a provider of flywheel-based power boosting solutions for the EV charging infrastructure market. The deal, announced last July, was valued at up to $100 million. The equity value reflects $60 million at closing and up to $40 million of additional contingent consideration through earnout shares. The deal is expected to close in the first quarter. Keyarch raised $115 million in a February 2022 IPO.
InvestmentAcquisition
Growth-Positive
Sidoti Events, LLC’s Virtual September Small-Cap Conference
Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has announced the schedule for its two-day September Small-Cap Conference taking place on September 20-21, 2023. The conference will feature presentations from a variety of small and microcap companies. Sidoti Events, formed in 2023, focuses on its conference business and serves the needs of presenters and attendees. It draws on the experience of Sidoti & Company, a provider of independent securities research focused on small and microcap companies. Sidotis coverage universe comprises approximately 160 equities, with most of its coverage in the $200 million-$5 billion market cap range.
CustomersPartners
growth-positive
Israeli Startup Brings Ultra-Fast EV Charging Booster To The US
Israeli startup ZOOZ Power has installed its ZOOZTER-100, a power booster that provides sustainable, ultra-fast charging at electric vehicle (EV) stations, in the US for the first time. The unit, which can fully charge EV batteries in 15 minutes, has been placed at a gas station and convenience store in Rock Hill, South Carolina. The company will use it to showcase its technology to the American market. Last year, ZOOZ announced four pilot installations in the US, including at LaGuardia Airport and New York Power Authority.
CustomersExpand
growth-positive
ZOOZ Power to Present Virtually at the Sidoti Small Cap Conference on September 20, 2023
ZOOZ Power Ltd, a leading provider of flywheel-based power boosting solutions for ultra-fast electric vehicle charging, has announced that its CEO, Boaz Weizer, and Executive Chairman, Avi Cohen, will present at the Sidoti Small Cap Conference on September 20, 2023. The company is committed to eliminating range anxiety and accelerating the mass adoption of electric vehicles globally. Its products are designed with sustainability, reliability, longevity, and cost-effectiveness in mind.
Management Changes
growth-positive
ZOOZ Power announces first site in the US, where fast-charging for EVs is supported by the ZOOZTER™-100
ZOOZ Power, a provider of flywheel-based power boosting solutions for the EV charging infrastructure market, has announced the successful installation and initiation of a fast-charging station for electric vehicles at a Scotchman gas station in Rock Hill, South Carolina. The station is supported by ZOOZs power booster, the ZOOZTER™-100. The station was established as part of a joint pilot with ARKO Corp., one of the largest convenience store operators in the US, and in cooperation with ABM, a leader in eMobility design, installation, and maintenance solutions. ZOOZ Power is in the process of a business combination with Keyarch, a special purpose acquisition company.
PartnersExpand
growth-positive
ZOOZ Power completes a significant milestone in its penetration to the American market
ZOOZ Power has completed the certification process for its new Power Booster, the ZOOZTER™-100 system, designed to enable ultra-fast charging infrastructure for electric vehicles. The company has also announced a collaboration with a global car rental service provider, placing the ZOOZTER™-100 system at a pilot site at LaGuardia Airport in New York. This milestone will allow ZOOZ to proceed with its planned US pilot installations of the ZOOZTER™-100 and accelerate its marketing efforts in the US. The company expects this to lead to additional collaborations and generate a backlog of orders in the American market.
PartnersExpand
growth-positive
ZOOZ POWER LTD. TO BECOME PUBLICLY TRADED ON NASDAQ THROUGH PROPOSED BUSINESS COMBINATION WITH KEYARCH ACQUISITION CORPORATION
ZOOZ Power Ltd., a provider of flywheel-based power boosting solutions for the EV charging infrastructure market, has entered into a business combination agreement with Keyarch Acquisition Corporation, a special purpose acquisition company. The agreement will result in ZOOZ being publicly listed on Nasdaq under the symbol ZOOZ, while also remaining listed on the Tel Aviv Stock Exchange. The transaction values ZOOZ at up to $100 million and is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other conditions.
AcquisitionPublic Trading
growth-positive
ZOOZ POWER LTD. TO BECOME PUBLICLY TRADED ON NASDAQ THROUGH PROPOSED BUSINESS COMBINATION WITH KEYARCH ACQUISITION CORPORATION
ZOOZ Power Ltd., a provider of flywheel-based power boosting solutions for the EV charging infrastructure market, has entered into a business combination agreement with Keyarch Acquisition Corporation, a special purpose acquisition company. The transaction values ZOOZ at up to $100 million and is expected to provide a minimum of $10 million in net proceeds from cash held in Keyarchs trust account and/or other sources. The deal is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other conditions. Post-acquisition, ZOOZ will be publicly listed on Nasdaq and will continue to be listed on the Tel Aviv Stock Exchange.
AcquisitionPublic Trading
growth-positive
BLINK CHARGING ANNOUNCES RECORD FOURTH QUARTER AND YEAR END 2022 RESULTS
Blink Charging Co. has reported significant growth in its 2022 financial results, with total revenues increasing by 192% to $61.1 million compared to $20.9 million in 2021. The company also saw a 213% increase in service revenues to $5.7 million in Q4 2022 compared to $1.8 million in Q4 2021. The growth was driven both organically and through strategic acquisitions, including SemaConnect and EB Charging. Following the close of the quarter, Blink closed a public offering with gross proceeds of $100 million.
CustomersInvestmentAcquisitionPublic Trading
ZOOZ Power appoints former Tritium and Driivz executives to accelerates its business development and sales activities
growth-positive
Zooz Power deploys first ultra-fast power booster for electric vehicles in Israel
Zooz Power, an Israel-based developer of an ultra-fast power booster for electric vehicles (EVs), has rolled out its first charging system units in the country. The company aims to build the infrastructure needed to encourage the use of EVs in Israel and accelerate the transition to electric vehicles on Israeli roads. The rollout of the venture was launched in cooperation with Afcon Electric Transportation and with support from the Energy Ministry and the Israel Innovation Authority. Zooz Powers kinetic power booster (KPB) can fully recharge batteries within 15 minutes and is designed for areas where EV infrastructure is lacking. The company has already installed its units in Germany, Austria, and New York. The goal is to significantly increase the number of ultra-fast charging stations in Israel to accommodate the expected growth in EVs.
CustomersPartners
growth-positive
Israeli EV fast-charging startup Zooz Power inks deal for distribution in the US
Zooz Power, an Israel-based developer of an ultra-fast power booster for electric vehicles (EVs), has signed a five-year distribution agreement with Blink Charging. Blink Charging will serve as Zoozs distributor for the sale and deployment of its fast EV power system. Zoozs shares jumped 20% following the announcement. The agreement is seen as a significant milestone in Zoozs penetration into the rapidly developing US market. Zoozs Kinetic Power Booster (KPB) uses patented flywheel technology to fully recharge EV batteries within 15 minutes. The boosters are modular and can be installed in parking lots, airports, and hotels. Zooz is also working with Blink Charging on a joint R&D pilot program to test the systems capability in power-constrained areas. The pilot site in Fort Lauderdale is expected to become operational in Q2 2023.
PartnersExpand
ZOOZ Power join forces with global car rental giant to test kinetic power-boosted ultra-fast EV charging system
growth-positive
ZOOZ Power has signed a Memorandum of Understandings, with a worldwide leading car rentals service provider, for the build and operation of an ultra-fast charging station in the US, serving as a Pilot site which will operate at LaGuardia Airport in New York
ZOOZ Power, formerly known as Chakratec, has signed a memorandum of understanding with a leading global car rental services provider to build and operate a pilot of EV ultra-fast charging infrastructure. The project will be based at LaGuardia Airport in New York City and aims to demonstrate ZOOZ Powers solutions ability to support ultra-fast charging of electric vehicles in power-constrained sites. The car rental service provider aims to build ultra-fast charging infrastructure to support the electrification of its rental car fleet. The pilot site is expected to be operational during Q2/2023 for a period of 12 months.
PartnersExpand
growth-positive
New York governor announces trip to Israel, funding for Israeli startup
New York State Governor Kathy Hochul announced an upcoming trip to Israel and a state investment in Zooz Power, an Israeli startup. The investment is part of the New York-Israel Smart Energy Innovation Challenge and is worth $1 million. The partnership aims to advance New Yorks clean energy goals and strengthen its electric vehicle infrastructure. New York and Israel have a significant trade partnership, with Israeli-founded businesses generating over $18 billion for New York State in 2018. Governor Hochul, who is running for re-election, highlighted her efforts to combat antisemitic hate crimes and support the states Jewish communities.
Investment
growth-positive
Zooz Power pushes to solve rural EV charging and energy storage
Zooz Power, an Israeli startup, is proposing a solution to the problem of inconsistent power generation in rural areas, which affects electric vehicle charging. The company suggests using kinetic batteries, specifically their system called the Zoozer 100, which uses eight half-ton steel flywheels to store energy. When power is available, the flywheels are spun up to 17,000rpm and when power is needed, the flywheels are hooked to a generator to convert the stored kinetic energy back into electricity. The system is being introduced across the U.S., Europe, and Israel via a pilot program.
CustomersExpand
growth-positive
צ'קראטק הונפקה לפני שנה. כעת היא מדללת את בעלי המניות ב-60%
Chakratec, an Israeli technology company that develops and markets kinetic energy storage technology, has raised 96 million shekels from institutional bodies. The funds will be used to accelerate the companys growth, promote its strategy, and position Chakratec as one of the leading players in the world in the field of infrastructure for charging electric vehicles. The companys CEO, Boaz Weizer, expressed appreciation for the vote of confidence from Afekon, a leader in the electric vehicle charging market in Israel, and leading institutional bodies in the capital market.
Investment
growth-positive
צ'קראטק בהקצאה פרטית חותכת 10% מהמחיר טרם ההנפקה הצפויה
צקראטק, a company, has raised a total of 13.8 million ₪ in a private placement, with investment from אפקון החזקות, בנק ההשקעות ווליו בייס, and אבי כהן. The company priced its shares at a 10% discount of 2.34 ₪ per share. The investment includes options for אפקון החזקות to acquire additional shares over a period of 36 months. The completion of the placement is subject to the companys public offering of shares and options worth 40 million ₪ or more, expected to take place by April 15, 2022.
Investment
growth-positive
Chakratec signs an agreement for installation of three additional ultra-fast EV charging stations in Germany
Chakratec has received a follow-on order in Germany for three additional ultra-fast EV charging stations. This order is part of the companys strategy to install its products in international EV markets. The agreement includes the commercial sale of Chakratecs products and the supply of a complete turnkey solution for ultra-fast EV charging stations. The stations will be built by Chakratecs local partner, EES, and the company, with an investment of approximately €0.5 million per station. The stations will be operated for 15 years, with a potential extension of five more years. The customer has also applied for support grants to finance the establishment of fast-charging stations at eight locations, with a total investment of approximately €4 million. The completion of the stations and commercial operation are scheduled for Q4/2022.
PartnersInvestment
growth-positive
הסכם של 1.5 מיליון יורו לישראלית שרוצה להטעין כלי רכב במהירות
צקראטק, a company that develops energy storage systems for fast charging of electric vehicles, is expanding its collaboration with a German investment company to establish three additional ultra-fast charging facilities for electric vehicles. The company signed an agreement with the German investment company to establish the facilities in exchange for a total of 1.5 million euros. This is in addition to a previous order received in December 2021 to establish two sites for a million euros.
Partners
growth-positive
פריצת דרך נוספת לצ׳קראטק באירופה תוך פחות מחודש בלומר
Chakratec, an Israeli energy storage company, has announced its expansion into Denmark and Norway. The company has received a letter of intent for the sale of its kinetic storage system, which will be used to establish a pilot site as an ultra-fast charging station for electric vehicles. The companys unique technology is attracting many players who want to be the first to offer a real solution for ultra-fast charging for electric cars. The company sees the partnership with the Danish green energy initiative as part of a strategic penetration process into the Nordic countries, which are world leaders in promoting the transition to electric transport.
ExpandPartners
growth-positive
Chakratec receives first orders of its 2nd-Gen Kinetic Power Booster and signs contracts for the deployment of 2 EV fast-charging stations in Germany
Chakratec has announced first orders of its 2nd-gen product, the Kinetic Power Booster (KPB100), and the finalization of contracts for the construction and operation of two EV fast-charging stations in Germany. The Kinetic Power Booster will enable fast charging of electric vehicles despite power constraints of the electricity grid. The charging stations will be operated by Chakratecs partner in Germany for 15 years, with the potential for additional facilities in the future. Chakratec aims to provide a complete turnkey solution for EV fast-charging stations and position itself as a significant player in the EV charging infrastructure market in Germany and Europe. The companys solution is based on Israeli innovation and offers a cost-effective and sustainable alternative to lithium-ion batteries.
PartnersCustomers
growth-positive
מכירה ראשונה לצ'קראטק בגרמניה: תקים עמדות טעינה מהירה
Chakratec, an Israeli company specializing in kinetic energy storage for electric vehicle charging, has announced its first sale in Germany. The company will establish two fast-charging stations in partnership with EES, a German company. The investment for the establishment of the two facilities is approximately one million euros, of which about 70% constitutes the consideration for the company. The sale is part of Chakratecs strategy to penetrate the international electric vehicle market, which is growing rapidly and requires fast charging stations to reduce range anxiety.
CustomersPartnersInvestment
growth-positive
ARKO Corp. Signs Memorandum of Understanding for Chakratec's Kinetic Storage Systems for Fast Charging of Electric Vehicles
ARKO Corp. has signed a strategic memorandum of understanding with Chakratec, an Israel-based developer of electric vehicle (EV) charging technology. The partnership aims to distribute kinetic storage systems for fast charging of EVs. Chakratecs technology aims to solve the Range Anxiety issue by allowing vast deployment of ultra-fast charging points along the roads, capable of charging EVs in less than 15 minutes. ARKO and Chakratec will conduct a preliminary pilot in the U.S. next year, with a goal of extensive deployment of fast charging points for electric vehicles throughout North America by 2030.
Partners
growth-positive
EV charging co Chakratec prepares for TASE IPO
Chakratec, an Israeli electric vehicle charging company, is reportedly planning to hold an IPO on the Tel Aviv Stock Exchange. The company aims to raise several tens of millions of shekels at a pre-money valuation of NIS 350-400 million. Chakratec specializes in kinetic storage technology to facilitate fast and ultra-fast EV charging. Despite not generating revenue yet, the company is focused on boosting e-mobility. Founded in 2013, Chakratec reported a net loss of NIS 9 million in the first half of 2020. The IPO is seen as a growth-positive move for the company.
Public TradingInvestment
Chakratec receives European Commission "Seal of Excellence" for Kinetic Energy EV Charging HUBs
growth-positive
Chakratec enters North America with Blink Charging - electrive.com
Chakratec, an Israeli company specializing in energy storage for ultra fast-charging stations, is collaborating with Blink Charging to bring a robust DC fast charging solution to the United States. The collaboration is supported by a $900,000 grant from the Israel-U.S. Binational Industrial Research and Development (BIRD) Energy Program. Chakratecs energy storage technology uses kinetic batteries and flywheels to absorb and store peak loads in the power grid, enabling DC fast charging anytime, anywhere. The technology is entirely mechanical and does not require batteries. Chakratec will be exhibiting at CES.
Partners
growth-positive
Kinetic electric car charging comes to North America
Israeli electric car charging startup Chakratec is partnering with Blink Charging to bring its unique kinetic storage technology to North America. The partnership is supported by a $900,000 grant from the Israel-U.S. Binational Industrial Research and Development (BIRD) Energy Program. Chakratecs technology uses floating flywheels suspended in mid-air by magnetic levitation to store and convert electricity, avoiding the strain on the grid caused by traditional battery storage. The company has already secured customers in Europe and is now expanding into North America. Chakratec has raised a total of $7.6 million since its founding in 2013.
PartnersInvestment
growth-positive
SKODA AUTO, PRE and Chakratec bring unique charging technology to Prague
Israeli start-up Chakratec, inventor of the Kinetic Power Booster, has partnered with ŠKODA AUTO DigiLab to launch a fast-charging station in Prague. The station uses kinetic flywheel technology, providing twice as much electricity as the national grid can supply. The charging point at the Prague Exhibition Centre in Letňany is the first of its kind in the Czech Republic and only the third in the world. The innovative charging technology was developed by Chakratec and brought on board by ŠKODA AUTO DigiLab Israel Ltd.
CustomersPartnersExpand
growth-positive
https://www.jpost.com/Jpost-Tech/Business-and-Innovation/Chakratec-uses-kinetic-energy-to-charge-electric-cars-in-minutes-588075
Chakratec, an Israeli company, has developed a local storage solution for electric vehicle charging based on kinetic storage technology. Their patented technology enables unlimited high power charge and discharge cycles, with a lifespan of 20 years without depletion. Chakratec has raised approximately $9.6 million in funding and is currently focused on the European market. They have a close partnership with Czech automobile manufacturer Skoda and are in commercial discussions with potential partners. The company plans to expand into the American and Chinese markets. The article highlights the challenges of charging electric vehicles and the potential of electrification in the automotive industry.
CustomersPartnersInvestmentExpand
growth-positive
ŠKODA partners with kinetic energy storage company Chakratec
ŠKODA AUTO has formed technology partnerships with Israeli start-ups, including Chakratec, a developer of kinetic energy storage technology. Chakratecs solutions enable the deployment of fast EV charging stations without the need for infrastructure upgrades, reducing economic risk. The partnership aligns with ŠKODAs focus on future technologies. The company will host the world premiere of the ŠKODA SCALA in Tel Aviv, highlighting the importance of Israel in the brands future. The article does not mention any specific customers, acquisition or investment amounts, layoffs, or partners other than Chakratec. The date of the event described in the article is not provided.
PartnersInvestment
growth-positive
Chakratec introduces a 10-minute charge for electric cars
Israeli start-up Chakratec is developing a kinetic energy storage system that could reduce the time it takes to charge an electric vehicle (EV) to 10 minutes. The firms technology uses a flywheel, suspended by magnets in a vacuum chamber, to store energy. When a car is plugged in, the energy from the flywheel is converted back to electricity. The system can operate for up to 20 years, according to CEO Ilan Ben-David, and at up to 70% lower cost than current charging stations. Chakratec has raised $7.6m since it was founded in 2013.
InvestmentCustomersPartners
growth-positive
Winning ideas for pasteurization and electricity storage
Israeli startups AseptoRay and Chakratec won top honors in the 2015 Cleantech Open Global Ideas Competition. AseptoRays eco-friendly pasteurization system and Chakratecs kinetic battery electricity storage system for renewable energy plants impressed the judges. The competition, held during Global Entrepreneurship Week, aims to showcase breakthrough technologies in various clean technology sectors. In other news, 13 Israeli companies are participating in a roadshow in China to present their clean-tech, energy, water, and environment technologies.
InvestmentExpand
ZOOZ Power Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 33 |
| Team members | 6 |
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ZOOZ Power Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514881564 |
| Crunchbase | chakratec |
| Phone | +972544232082 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-10-28T00:00:00.000Z |
| Created | 2014-11-16T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Apr, 2021;Public on NASDAQ on Apr, 2024; |