Charging Robotics Installs Wireless EV Charging System in Automatic Parking Facility

Rhea-AI Summary

Charging Robotics (OTC: CHEV) has successfully installed a wireless EV charging system in an automatic parking facility, demonstrating effective power transfer capabilities. The innovative system aims to solve charging challenges in robotic parking environments where traditional plug-in methods are impractical.

The technology integrates machine learning and AI algorithms to manage charging sequences based on factors like departure times and vehicle types. Users can control and monitor charging through a smartphone application that provides real-time updates and billing information.

CEO Hovav Gilan emphasizes this installation as a crucial step toward revolutionizing EV charging in automated parking environments. The system bridges the gap between two growing markets: electric vehicles and robotic parking systems, offering a scalable solution adaptable to various parking infrastructure sizes and layouts.

Positive

• Successful installation and demonstration of wireless EV charging system in robotic parking facility
• Strategic partnership with leading supplier of robotic parking facilities
• Technology addresses specific market need where traditional plug-in charging is impractical
• System integrates advanced AI and machine learning for charging optimization
• Positions company at intersection of two growing markets: EV charging and automated parking

Negative

• No revenue or financial metrics disclosed from the installation
• Early-stage deployment with no indication of commercial scale or timeline
• Trading on OTC markets rather than major exchanges
• No mention of existing contracts or pipeline for future installations

Pioneering seamless EV charging experience for robotic parking systems

Tel Aviv, Israel, April 30, 2025 (GLOBE NEWSWIRE) -- Charging Robotics Inc. (OTC: CHEV), a leading innovator in wireless electric vehicle (EV) charging solutions, announces that it has installed a system for wireless charging of electric vehicles with a leading supplier of robotic parking facilities. Following the installation, the ability of the system to transfer power wirelessly was demonstrated. Eventually, the system is intended to be used for charging EVs while reporting charge data to the cloud and managing the charging process based on available electricity and customer needs.

This installation marks significant progress in addressing the challenges of EV charging in robotic facilities, where traditional plug-in methods are impractical. The system enables EV owners to charge their electric vehicles seamlessly and efficiently, enhancing user convenience and promoting sustainable urban living.

The wireless charging solution integrates advanced machine learning and artificial intelligence algorithms to manage and prioritize charging sequences based on factors such as departure times and vehicle types. This ensures optimal energy utilization and readiness of vehicles for users.

“We are excited to implement our wireless charging technology on-site, marking a major step toward our vision of revolutionizing EV charging in automated parking environments,” said Hovav Gilan, CEO of Charging Robotics. “As the global adoption of electric vehicles accelerates and the demand for space-efficient Automatic and Robotic Parking Systems continues to rise, the need for seamless and scalable charging solutions becomes critical. We believe that Charging Robotics offers unique, innovative wireless technology specifically designed to meet the complex needs of parking infrastructure, regardless of size or layout. Our system bridges the gap between two fast-growing markets, delivering a truly integrated and future-ready solution.”

The system's user-friendly interface allows drivers to initiate and monitor the charging process via a dedicated smartphone application, providing real-time updates and billing information.

About Charging Robotics

Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for EVs. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app that instructs an autonomous robot, which navigates under the EV for access and charging capabilities. Our stationary systems offer various charging solutions, including in automatic car parks where the company’s system allowing EVs to charge in places where drivers can’t connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com/

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Charging Robotics’, and its subsidiary Charging Robotics Ltd.’s (together, the “Company”) current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of the Company could differ materially from those described in or implied by the statements in this press release. For example, the Company uses forward looking statements when it discusses its vision of revolutionizing EV charging in automated parking environments, the acceleration of the global adoption of electric vehicle and the rise of the the demand for space-efficient Automatic and Robotic Parking Systems.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of any third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com 

FAQ

What wireless EV charging system did Charging Robotics (CHEV) install in April 2025?

Charging Robotics installed a wireless EV charging system in an automatic parking facility, designed to charge electric vehicles while reporting charge data to the cloud and managing the charging process based on electricity availability and customer needs.

How does Charging Robotics (CHEV) wireless charging work in robotic parking facilities?

The system uses advanced machine learning and AI algorithms to manage charging sequences based on factors like departure times and vehicle types. Users can control and monitor charging through a smartphone app that provides real-time updates and billing information.

What problem does Charging Robotics (CHEV) solve for automatic parking facilities?

Charging Robotics addresses the challenge of charging EVs in robotic facilities where traditional plug-in methods are impractical, offering a seamless wireless charging solution that integrates with automated parking systems.

What features does the Charging Robotics (CHEV) wireless charging app include?

The Charging Robotics smartphone application allows users to initiate and monitor the charging process, providing real-time updates on charging status and billing information.

How does Charging Robotics (CHEV) optimize EV charging in automated parking?

The system uses AI and machine learning to prioritize charging sequences based on departure times and vehicle types, ensuring optimal energy utilization and vehicle readiness while managing the process according to available electricity and customer needs.