Xylo Technologies: Charging Robotics Successfully Installs Wireless EV Charging System in Automatic Parking Facility

Rhea-AI Summary

Xylo Technologies has announced a successful installation of a wireless EV charging system in an automatic parking facility through its subsidiary Charging Robotics (62.22% owned by Xylo). The innovative system demonstrates effective wireless power transfer for electric vehicles, featuring cloud-based charge reporting and smart energy management.

The solution integrates machine learning and AI algorithms to optimize charging sequences based on factors like departure times and vehicle types. A user-friendly smartphone application enables EV owners to control and monitor the charging process in real-time.

This installation represents a significant advancement in addressing EV charging challenges in robotic parking facilities, where traditional plug-in methods are impractical. The system aims to provide seamless charging while efficiently managing available electricity and customer needs, supporting the growing demand for automated parking systems and electric vehicle infrastructure.

Positive

• Successful installation and demonstration of wireless EV charging system in robotic parking facility
• Company owns 62.22% controlling stake in Charging Robotics
• Integration of advanced AI and machine learning for charging optimization
• System includes cloud-based monitoring and real-time user interface via smartphone app
• Solution addresses specific market need in automated parking environments

Negative

• No revenue or monetization details provided
• Early-stage implementation with single facility, indicating limited market penetration
• No information on system costs or pricing structure

Insights

Technology Infrastructure Expert

Xylo's subsidiary achieves milestone with wireless EV charging installation in automated parking, demonstrating viable solution for a specialized charging environment.

The press release details a significant technical achievement for Charging Robotics, a majority-owned subsidiary of Xylo Technologies. The company has successfully installed and demonstrated a wireless EV charging system in an automatic parking facility, addressing a specific technical challenge in environments where traditional plug-in charging is impractical.

The core innovation lies in creating a charging solution compatible with the operational constraints of robotic parking systems. According to the release, the system successfully demonstrated wireless power transfer capability - a fundamental technical validation that proves the core functionality works in a real-world setting.

What distinguishes this system is its integration of machine learning and artificial intelligence algorithms to manage charging priorities based on factors like vehicle departure times and vehicle types. This intelligence layer adds functionality beyond basic wireless charging, potentially creating a more efficient charging ecosystem within automated facilities.

The user experience appears streamlined through a smartphone application interface, allowing monitoring and management of the charging process. This aligns with industry trends toward connected infrastructure solutions that provide real-time data access.

While the press release confirms functional demonstration, it doesn't provide critical technical specifications such as charging speeds, efficiency rates, or compatibility with specific EV models - metrics that would be necessary to fully evaluate its competitive positioning.

This installation represents a proof-of-concept in a commercial setting rather than a mass-market deployment, positioning it as an early-stage validation of the technology's application in a specialized environment.

Financial Analyst

Xylo's subsidiary delivers technical milestone with wireless charging installation, but lacks financial metrics or commercialization timeline needed for investment impact assessment.

This announcement represents a product milestone for Charging Robotics, in which Xylo Technologies holds a 62.22% ownership stake. The successful installation demonstrates progress from development to real-world implementation, validating the technical feasibility of the company's wireless EV charging solution in automated parking environments.

The press release positions this technology at the intersection of two growth markets: electric vehicles and automated parking systems. As stated by CEO Hovav Gilan, "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."

From an investment perspective, this announcement confirms technological progress but provides no financial metrics to quantify potential impact. The release contains no information about:

• Revenue projections or monetization timeline
• Commercial terms with the parking facility partner
• Installation costs or pricing model
• Anticipated deployment scale

While the installation demonstrates a functioning product, the absence of commercial details makes it impossible to assess how quickly or extensively this technology might contribute to Xylo's financial performance. The announcement confirms product readiness but doesn't clarify the path from this single installation to broader market adoption.

For Xylo shareholders, this represents incremental progress in developing subsidiary assets, but without commercialization details or financial projections, the immediate investment impact remains limited. This appears to be an early commercial validation rather than a revenue-generating deployment at scale.

TEL AVIV, Israel, April 30, 2025 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (“Xylo” or the “Company”), a technology-based company engaged in advanced innovative technologies, announced today that Charging Robotics, Inc. (OTC: CHEV) (“Charging Robotics”), a Delaware corporation (62.22% owned by Xylo), has successfully installed a system for wireless charging of electric vehicles with a leading supplier of robotic parking facilities.  Following the installation, the system successfully demonstrated the ability to wirelessly transfer power.  The system is intended to be used for charging electric vehicles (“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 EV owners 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/

About Xylo

Based in Israel, Xylo Technologies Ltd. (Nasdaq: XYLO) is a technology company focused on innovative growth partnerships, mainly in the advanced medical solutions, digital commerce, and electric vehicle markets. Xylo’s affiliations in the medical solutions arena include ownership in Polyrizon Ltd. The Company’s affiliates in digital commerce include Gix Internet Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics, Inc. and Revoltz Ltd. are also part of the Company’s portfolio of technology solution providers. Other affiliations of the Company include Zig Miami 54 LLC.

Xylo is traded on The Nasdaq Capital Market. To learn more about Xylo’s advanced technologies, please visit  https://ir.xylotech.ai/.

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 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 Xylo’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Xylo could differ materially from those described in or implied by the statements in this press release. For example, Xylo cannot guarantee the impact of the successful installation of the wireless charging system in an automatic car parking facility on Charging Robotics financial or operation results.

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 SEC. Except as otherwise required by law, Xylo undertakes no 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. Xylo is not responsible for the contents on third-party websites.

Company Contact:

Tali Dinar
Chief Financial Officer
ir@xylotech.ai

Investor Relations Contact:

Michal Efraty
Investor Relations,
michal@efraty.com

FAQ

What wireless EV charging system did Xylo Technologies install in 2025?

In April 2025, Xylo Technologies' subsidiary Charging Robotics successfully installed a wireless EV charging system in an automatic parking facility, featuring cloud-based charge reporting and AI-powered charging management.

How does Charging Robotics' wireless EV charging system work in automated parking?

The system wirelessly transfers power to EVs in robotic parking facilities, using machine learning and AI to manage charging sequences based on factors like departure times and vehicle types. Users control charging through a smartphone app that provides real-time updates.

What percentage of Charging Robotics does Xylo Technologies own?

Xylo Technologies owns 62.22% of Charging Robotics, making it the majority stakeholder in the wireless EV charging technology company.

What are the key features of Xylo Technologies' wireless EV charging solution?

The key features include wireless power transfer, cloud-based charge reporting, AI-driven charging management, real-time monitoring via smartphone app, and seamless integration with automatic parking facilities.

How does Xylo Technologies' wireless charging benefit EV owners in automated parking?

The system enables seamless and efficient EV charging without plug-in requirements, provides real-time monitoring through a smartphone app, and optimizes charging based on departure times and vehicle types.