CaPow’s Energy-in-Movement charging system has a double-boost impact, so when a robotic strikes over the charging antennas, it each powers the robotic and expenses its power supply. | Supply: CaPow
CaPow Applied sciences Ltd. at present stated it has raised $15 million in Collection A funding. The Energy-in-Movement techniques supplier stated it plans to make use of the funding to speed up its world progress.
“We’re pushing the boundaries of power administration expertise with the purpose of fully reworking its function in industrial environments, offering a one-stop-shop for the fleet power considerations,” said Prof. Mor Peretz, co-founder and CEO of CaPow. “This funding from such market-makers is a vote of confidence that accelerates our momentum to drive innovation round perpetual energy within the robotics, manufacturing, and logistics industries at scale.”
The Beer Sheva, Israel-based firm stated progress in automation effectivity has slowed because of a number of components. They embody outsized fleet purchases and diminished productiveness ensuing from charging downtime, in addition to numerous logistical, security, and environmental challenges as a result of reliance on huge, heavy, lithium-ion batteries.
Assembly these challenges can enhance return on funding (ROI) and considerably decrease the price of possession, asserted CaPow.
Engineers Peretz, Dr. Eli Abramov, and Dr. Alon Cervera based the corporate in 2019. CaPow stated its expertise delivers wi-fi energy, enabling cellular robots’ distinctive operation and not using a conventional battery onboard.
Energy-in-Movement allows continuous operation
CaPow stated its Energy-In-Movement expertise can enhance operational effectivity by delivering energy to fleets of automated guided autos (AGVs) and autonomous cellular robots (AMRs) whereas they’re in movement. This eliminates charging downtime and reduces battery dependence, it claimed.
The system works by first integrating a light-weight Genesis receiver into the robotic platform. Subsequent, the corporate mounts double-shielded receiver antennas on the highest, backside, or sides of the robotic.
On the ability facet, CaPow strategically locations antennas over motion surfaces for optimum effectivity.
By powering fleets whereas en route, the corporate stated it dramatically reduces capital bills and ensures 100% throughput for the lifetime of the robotic. CaPow added that its prospects have seen a 32% lower in the price of possession (TCO) and a forty five% improve in operational effectivity.
Yesterday, Hyundai Cradle, the innovation arm of Hyundai Motor, introduced a profitable proof of idea (PoC) at Hyundai Glovis services, the place AGVs utilizing CaPow’s Energy-in-Movement expertise achieved 100% uptime. Historically, AGVs function for about seven hours per one-hour cost, however with CaPow’s expertise, they ran constantly.
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CaPow targets industrial automation market
Toyota Ventures led CaPow’s newest funding, which included the participation of Components VC. Returning traders IL Ventures, Payton Planar Magnetics, Mobilion, Doral Power-Tech, and extra participated within the Collection A spherical.
The industrial automation market dimension is anticipated to develop at a compound annual progress price (CAGR) of 9.2%, reaching greater than $460 billion by 2032, in line with business analysts.
CaPow stated it is going to use the funding to broaden its world enlargement into new markets, develop its world operations, scale analysis and growth, and ramp up manufacturing to fulfill rising market demand. The corporate will exhibit at Sales space E12934 at ProMAT in Chicago this month.