Charging Robotics Inc (FDOCD)

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Charging Robotics Receives Funding from the Israel Innovation Authority for Piloting its Wireless Charging Solution for Automated Parking System

The pilot project in cooperation with Parkomot Ltd, an Israeli APS market leader, is another step towards our vision of wireless charging

Tel Aviv, Israel, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Fuel Doctor Inc. (OTC: FDOC), a Delaware corporation, announced today that its wholly owned subsidiary, Charging Robotics Ltd., an innovator in wireless charging solutions, received funding from the Israeli Innovation Authority for a pilot project that includes installing and demonstrating its solution for wireless charging of electric vehicles (EVs) in automated parking systems. The system will be installed and tested in an automated parking system that was installed by Parkomot and comes to answer a growing need for charging EVs in automated parking systems, where drivers aren’t able to connect a charging plug to the EV socket.

The funding provided by the Israel Innovation Authority has been received after a rigorous due diligence process regarding the technology, the market, the competitive landscape and the company team. The Israeli Innovation Authority provides support for Israeli companies with cutting edge technologies which answer needs in large markets. One of the acceptance criteria for this project was its alignment with Israeli Ministry of Energy needs, so the due diligence process was conducted by Israel Innovation Authority project officers as well as subject matter experts from the Israeli Ministry of Energy. The Israeli Ministry of Energy promotes technologies relating to electric transportation and found this project in alignment with the goals for EV market adoption.

"We are honored and thankful to receive this support from The Israel Innovation Authority. “We could not have asked for better partners then Parkomot who believe in our product and recognize the potential impact of our work in advancing electric vehicle wireless charging," said Hovav Gilan, CEO of Charging Robotics.

About Charging Robotics
Charging Robotics is developing various automatic wireless charging solutions such as robotic and stationary charging systems for electric vehicles. Robotic solutions are intended to offer the driver the ability to initiate charging by use of a simple smartphone app so that an autonomous robot will navigate under the vehicle and charge it. Stationary systems offer various solutions for example in automatic car parks allowing to charge EVs in places where drivers can’t connect plugs to sockets. For further information, visit: https://www.chargingrobotics.com/

About Parkomot

Parkomot, a subsidiary of Comtal Technologies and Engineering Group, is a market leader in automatic parking systems in Israel. Parkomot represents the South Korean manufacturer Dong Yang Park, one of the world's leading manufacturers in this field. For further information, visit: https://parkomot.com