Charging Robotics CHEV

Charging Robotics Inc. is engaged in the development production and installation of wireless charging systems for electric vehicles. The company focuses on solutions that enable charging without physical connectors in environments where drivers cannot access a plug. Its core technology uses resonance induction coils to transfer electricity across a small gap. The company’s primary application is wireless charging for electric vehicles in automated parking systems. Charging Robotics Inc. also pursues related opportunities in the micro mobility and last mile delivery sectors through its subsidiary Revoltz.

The company generates revenue from the sale of its wireless charging hardware, from subscription fees for its software platform, and from the sale of electricity charged through its systems. Hardware revenue comes from transmitting and receiving units installed in automated parking facilities. Software revenue is derived from a mobile application that provides drivers with charging initiation and route optimization services. Electricity revenue is generated by purchasing power from utilities and selling it to drivers who park over the company’s wireless chargers. Additionally Charging Robotics Inc. benefits from its equity stake in Revoltz which produces and sells micro electric vehicles for urban delivery.

The company operates through the following segments:

• The EV Wireless Charging System segment designs manufactures and installs transmitting and receiving coil assemblies for use in automated parking facilities. This segment includes the hardware that is mounted on the parking plate and the stationary transmitter embedded in the facility infrastructure. Revenue is recognized upon installation and may include post warranty service fees.
• The Software as a Service segment provides a mobile application that enables drivers to start charging sessions receive routing suggestions and monitor battery status. The segment earns recurring revenue through subscription fees and may explore advertising models as the user base expands.
• The Electricity for Charging segment purchases electrical power from utilities and resells it to drivers who use the company’s wireless chargers. The segment aims to create a recurring margin by buying power at off peak rates and selling it at peak demand times. It also contemplates integrating energy storage to enhance profitability.

Charging Robotics Inc. occupies a niche within the broader electric vehicle charging industry by focusing on robotic automated solutions that eliminate the need for driver interaction with cables. Competitors in the wireless charging space include Robert Bosch GmbH Continental AG WiTricity Corporation ZTE Corporation and HELLA KGaA Hueck & Co. The company differentiates itself through its proprietary alignment technology that positions a receiver under a vehicle autonomously and through its integration with automated parking platforms. This approach addresses a specific limitation of conventional pad based chargers which require precise vehicle placement over a stationary surface.

The company’s customer base consists primarily of operators of automated parking facilities in Israel. Specific customers include Electra Parking Solutions Parkomot and Parking Design which have placed orders for multiple wireless charging systems. Through its subsidiary Revoltz the company also serves logistics providers and urban delivery companies that acquire micro electric vehicles for last mile distribution. These customers value the convenience of contactless charging and the ability to operate fleets in confined urban environments without driver intervention for plugging in.