Welcome to our dedicated page for Zooz Power news (Ticker: ZOOZ), a resource for investors and traders seeking the latest updates and insights on Zooz Power stock.
Zooz Power Ltd (ZOOZ) delivers innovative flywheel-based energy storage systems that enhance ultra-fast EV charging capabilities while optimizing grid performance. This dedicated news hub provides investors and industry stakeholders with essential updates about the company's technological advancements and market position.
Access official press releases, financial disclosures, and operational developments in one centralized location. Our curated collection features updates on flywheel technology deployments, strategic partnerships, and grid optimization solutions critical to the EV charging infrastructure sector.
Key content categories include earnings announcements, product innovation timelines, executive leadership updates, and regulatory developments. Each entry is verified for accuracy to support informed decision-making about this pioneering energy technology company.
Bookmark this page for streamlined access to Zooz Power's latest milestones and operational achievements. Check regularly for updates demonstrating the company continues to address critical energy challenges through its kinetic energy storage solutions.
ZOOZ Power (Nasdaq and TASE: ZOOZ) has successfully deployed its ZOOZTER™-100 kinetic power booster at a New York Power Authority (NYPA) work site in Marcy, N.Y., marking its first U.S. utility deployment. The system enhances ultra-fast EV charging capabilities in grid-constrained locations.
The installation, partnered with NYPA, actively boosts grid power and efficiency at the site's high-power EV charging station, enabling faster charging for NYPA fleet vehicles. The ZOOZTER™-100 utilizes advanced flywheel technology to deliver high-power bursts to chargers without straining the local grid, offering a sustainable and cost-effective solution for expanding charging infrastructure.
ZOOZ Power and NYPA are monitoring the site's performance to optimize operations and evaluate potential expansion to additional locations. This deployment represents a significant milestone in ZOOZ Power's North American expansion strategy and its mission to provide sustainable EV charging solutions globally.
ZOOZ Power (Nasdaq and TASE: ZOOZ) has announced significant enhancements to its EV charging infrastructure solutions. The company introduced new Energy Storage Systems (ESS) that enable charging operators to reduce electricity costs by storing energy during off-peak periods. Additionally, ZOOZ upgraded its Energy Management System (EMS) to improve the efficiency of both ESS and ZOOSTER power booster solutions.
The enhanced EMS provides real-time management and rapid response capabilities for efficient energy flow control, power peak reduction, and extended battery life. The ZOOZTER Intelligent Power Booster continues to enable ultra-fast EV charging in locations with grid capacity.
To support global expansion, ZOOZ appointed Ilan Tevet as Vice President of Global Sales, bringing 25 years of B2B sales experience. The company is also expanding its sales presence in key markets including the UK, Germany, and France.
ZOOZ Power (Nasdaq and TASE: ZOOZ), a provider of flywheel-based power boosters for ultra-fast EV charging solutions, has reported its H2 and full year 2024 financial results. The company achieved notable growth, with revenue increasing by 36% from $0.76 million in 2023 to $1.04 million in 2024.
The company doubled its system sales compared to 2023, noting that while 2023 revenue included installation services as part of early market penetration, 2024 revenue was purely system-based. ZOOZ is currently expanding operations in Germany and France and developing partnerships with leading charge point operators to enhance their global presence in the EV charging infrastructure market.
ZOOZ Power (Nasdaq: ZOOZ) has announced its strategic entry into the Chinese market with the shipment of its first ZOOZTER™-100 power-boosting system. The system will be installed at a site developed by Yixiaoju Technology Co., , which operates within the Orange Charging network - China's largest charging network with over 115,000 fast chargers.
The installation is being facilitated through a ZOOZ Power related party in China. Orange Charging, a sub-brand of DiDi's energy sector (market cap: $24.3 billion), represents a significant opportunity for ZOOZ's market expansion. The Shanghai pilot installation will showcase ZOOZ Power's flywheel-based power-boosting technology and Energy Management System in the Chinese market.
This strategic move comes as China's EV market experiences substantial growth, with EVs accounting for nearly 50% of total car sales in 2024. ZOOZ's technology enables ultra-fast charging in locations with grid capacity, eliminating the need for expensive grid upgrades.
ZOOZ Power (NASDAQ/TASE: ZOOZ) has announced its participation in the 5th European EV Charging Infrastructure 2025 Conference in Amsterdam. CEO Erez Zimerman will present on March 4, 2025, at 4:20pm CET, focusing on the company's innovative Flywheel-based power boosting solutions for ultra-fast EV charging.
The presentation will highlight how kinetic power boosters combined with smart energy management can enable multi-port ultra-fast EV charging without requiring expensive grid upgrades. The technology offers key benefits including:
- Adaptive charging capabilities
- Peak shaving functionality
- Efficient power allocation
- Reduced demand charges
- Support for multiple ultra-fast EV charger deployment
ZOOZ Power (NASDAQ and TASE: ZOOZ), a leader in Flywheel-based power boosting and power management solutions for ultra-fast multi-port EV charging, has announced its participation in Benchmark's 13th Annual Discovery One-on-One Investor Conference. The event will take place on December 11, 2024, in NYC. CEO Erez Zimerman will be available for one-on-one meetings with investors during the conference. Interested parties can schedule meetings through their Benchmark representatives.
ZOOZ Power has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors Global's investment fund. The agreement allows ZOOZ to sell up to $12 million in ordinary shares over a two-year period at 97% of the Market Price. The company maintains discretionary control over the timing and volume of share issuances, with restrictions including a 4.99% ownership cap for Yorkville and a 19.99% limit on total shares issued within any 12-month period. The implementation requires SEC registration statement approval. This financing mechanism aims to support ZOOZ's growth strategy in the EV charging solutions market.
ZOOZ Power (NASDAQ and TASE: ZOOZ), a leader in Flywheel-based power boosting solutions for ultra-fast multi-port EV charging, has announced its participation in the LD Micro Main Event XVII in Los Angeles. CEO Erez Zimerman will present on Wednesday, October 30, 2024, at 8:30am PT / 11:30am ET.
The company's management will be available for one-on-one meetings during the event. Interested parties can schedule meetings through LD Micro or by contacting Miri Segal at msegal@ms-ir.com. The presentation will be streamed live and available for replay approximately 24 hours after its conclusion at https://me24.sequireevents.com/.
ZOOZ Power (NASDAQ and TASE: ZOOZ), a leader in Flywheel-based power boosting solutions for ultra-fast multi-port EV charging, has appointed Erez Zimerman as its new CEO, effective September 17th, 2024. Zimerman brings extensive experience in hardware, software, and chemistry, with a proven track record in company turnarounds, IPOs, and global sales scaling.
Previously, as CEO of Massivit 3D, Zimerman led a successful IPO, raising $52 million, and drove significant growth through product expansion and revenue increases. His career includes executive roles at major companies like HP and Stratasys, demonstrating versatility in leadership and strong execution skills.
ZOOZ Power (NASDAQ and TASE: ZOOZ), a provider of Flywheel-based power boosting solutions for ultra-fast EV charging, reported financial results for the six months ended June 30, 2024. Key highlights include:
- Successful completion of business combination and NASDAQ listing on April 4, 2024
- Enhanced sales and marketing efforts with a dedicated team for key markets
- Implemented a new version of ZOOZTER™-100 focusing on cost reduction
- Deployed solutions at two 'ON' charging sites in Israel
- Entered the UK market through collaboration with Osprey Charging
- Revenue of $543,000 for H1 2024
- Net loss of $5,237,000 or $0.59 per share
- Cash position of $11,228,000 as of June 30, 2024
ZOOZ expects to need additional funding in 2025 for continuing operations.
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