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CaPow, a perpetual energy answer supplier, introduced it raised a $7.5 million Seed spherical to scale up the commercialization of its battery-free, wi-fi, power supply eco-system for autonomous robotics. This answer supplies steady energy for automated robotic environments whereas eliminating robotic downtime attributable to charging. The spherical was led by IL Ventures, a VC fund targeted on disruptive applied sciences for legacy industries, with co-investment from Mobilion VC, Payton Planar Magnetics, Doral Energy-Tech Ventures, Mobilitech Capital, and Mr. Ray Nissan, a distinguished angel investor.
Today, many automated options depend on batteries for energy provide. This dependency results in a number of inherent inefficiencies corresponding to charging downtime and rampant prices as a result of want for extra robots to interchange those which can be being charged. Moreover, conventional batteries have a destructive environmental affect, as they create security hazards and are an operational “headache” since they require a devoted procurement technique, particular transport, dealing with, storage and recycling.
CaPow addresses the first bottleneck for automation: the problem of offering dependable, cost-effective, and non-pollutive power. By providing constant energy stream for cell robots, CaPow’s power supply eco-system permits automated robotic options to constantly function with no power depletion downtime whereas ending the idea of reliance on legacy batteries. CaPow’s “battery-free”, paradigm-shifting answer is being nicely acquired alongside the logistics worth chain, as it’s validated to chop down the scale of the required robotic fleet, improve throughput and enhance the ROI of automation.
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CaPow’s proprietary answer facilitates optimum energy switch with huge and dynamic capabilities. It accommodates a number of customers, in addition to the presence of metallic and particles in and across the power switch discipline. In addition, it helps massive distances between the transmitting and receiving ends, in addition to huge spatial protection. This supplies substantial energy ranges with optimum end-to-end effectivity. The worth of CaPow’s know-how additional expands to the broader mobility market with a variety of purposes.
Mr. Amir Fishelov joins CaPow’s Board of Directors as Chairman of the Board, leveraging his 20 years of expertise as Co-Founder of SolarEdge (Nasdaq: SEDG), a pioneer and international chief in sensible power know-how. At SolarEdge, a $17B firm, Mr. Fishelov served as Chief Architect in addition to VP of Strategy and Corporate Development, main large-scale and sophisticated power administration tasks.
“With the backing of our investors and strategic partners, CaPow is challenging robot manufacturers, automation solution providers, and facility operators to change their definition of operational efficiency”, says Prof. Mor Peretz, Co-Founder & CEO at CaPow. “We look forward to accelerating our product development to meet strong market demand for our innovative and proven technology. The company will use the proceeds from the investment round to expedite business growth in markets around the world.”
“At IL Ventures, we align closely with CaPow’s mission of creating a sustainable, battery-free power supply for the industry,” says Yoni Heilbronn, Managing Partner at IL Ventures. “We are excited to invest in an exceptional and proven technology, which is a game changer for the entire robotic power landscape.”
“I am very proud BGN Technologies took part in bringing CaPow’s revolutionary technology to the market,” says Zafrir Levi, VP Exact Sciences at BGN, the commercialization arm of the Ben-Gurion University. “We wholeheartedly believe in CaPow’s Perpetual Power solution, and this investment is proof of the company’s superior technology and for the massive potential for disrupting the industry in which it operates”.