CaPow, a Be’er Sheva, Israel-based perpetual power solution provider, raised $7.5M in Seed funding.
The round was led by IL Ventures, with participation from Mobilion VC, Payton Planar Magnetics, Doral Energy-Tech Ventures, Mobilitech Capital, and Mr. Ray Nissan. Mr. Amir Fishelov joined CaPow’s Board of Directors as Chairman of the Board, leveraging his two decades of experience as Co-Founder of SolarEdge (Nasdaq: SEDG), a pioneer and global leader in smart energy technology. At SolarEdge, a $17B company, Mr. Fishelov served as Chief Architect as well as VP Strategy and Corporate Development.
The company intends to use the funds to scale up the commercialization of its battery-free, wireless, energy delivery eco-system for autonomous robotics.
Led by CEO Prof. Mor Peretz, CaPow provides a perpetual power sourcing solution that provides continuous power for automated robotic environments while eliminating robot downtime due to charging. By offering consistent power flow for mobile robots, CaPow’s energy delivery eco-system allows automated robotic solutions to continuously operate with no energy depletion downtime, while ending the concept of reliance on legacy batteries. The proprietary solution facilitates optimal power transfer with wide and dynamic capabilities. It accommodates multiple users, as well as the presence of metal and debris in and around the energy transfer field. In addition, the solution supports large distances between the transmitting and receiving ends, as well as wide spatial coverage.
FinSMEs
13/02/2023