Company Summary: Charging Robotics Inc.

Business Focus

• Engaged in development, production, and installation of wireless charging systems for various applications, with a primary focus on wireless charging systems for electric vehicles (EVs) in robotic parking systems.

Technology

• Utilizes a wireless power transfer module based on resonance induction coils to transfer electricity wirelessly without cables.
• The system includes transmission coils installed in parking facilities and receivers on EVs or associated platforms.
• Supports automated or robotic parking systems (APSs) where vehicles are stored without driver access, making traditional cable-charging impractical.
• Enables EVs to charge wirelessly in areas inaccessible to drivers, particularly in automated parking environments.
• Developed prototypes and proof-of-concept including a robotic tethered charging solution for disabled drivers, which automatically recognizes and charges EVs wirelessly using lidar sensors.

Market & Products

• Completed a pilot project in Tel Aviv for wireless charging in APS.
• Currently working towards installing the first systems based on ongoing projects, with approximately 30 systems expected to be installed by end of 2024.
• Focuses on public parking lots initially, with plans to expand into private markets later.
• Additional future products include the robotic charging solution to assist disabled EV drivers, using patent-pending navigation technology.

Business Strategy

• Markets solutions on a B2B basis to owners/operators of parking facilities such as malls, offices, hospitals, sports centers, etc.
• Sells capital equipment and offers Software as a Service (SaaS) for app-based operations and driver guidance.
• Aims to establish partnerships with EV manufacturers and infrastructure providers.
• Focused on building a recognizable global brand for robotic wireless EV charging.

Regulatory & Intellectual Property

• Subject to regulation similar to charging stations, targeting markets with supportive policies.
• Owns several patents related to wireless charging systems and autonomous robotic navigation.
• Relies on trade secrets, know-how, and continuous innovation for competitive advantage.

Financial & Operational Details

• As of December 31, 2024:
  • Cash: $175,000
  • Total assets: $332,000
  • Liabilities: $945,000
  • Shareholders’ equity (net deficit): approximately -$613,000.
• No revenue reported in 2024 or 2023.
• Incurs operating losses:
  • Net loss in 2024: approximately $842,000.
  • Net loss in 2023: approximately $804,000.
• Employee base:
  • Chief Executive Officer (CEO), Chief Financial Officer (CFO) (part-time/consultants in Israel).
  • Four engineers working as part-time consultants.
• The company is still in developmental and pilot stages with ongoing projects and no significant commercial revenues yet.