CaPow (from website)
CaPow, an Israeli startup that provides a perpetual power solution, raised $7.5 million in a Seed round of funding led by IL Ventures, a VC fund focused on disruptive technologies for legacy industries the company says will scale up the commercialization of its battery-free, wireless, energy delivery eco-system for autonomous robotics.
So, imagine never needing to change a battery. Or, at the very least, a battery that lasts for years. This is especially useful when it comes to robots and automated devices like drones. The longer they can operate without a charge, the better.
Founded in 2018, CaPow works in the field of continuous power delivery, facilitating what the company calls a “{revolutionary perpetual power sourcing solution that drives a change in the way automation solutions are designed and deployed. This enables customers to achieve maximal efficiency while dramatically reducing overall expenses.”
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CaPow’s Genesis system allows robotic fleets to reach round-the-clock, constant, 100% throughput by eliminating charging downtime.
The company explains that many automated solutions rely on batteries for power supply. This dependency, CaPow says, leads to several inherent inefficiencies such as charging downtime and rampant costs due to the need for additional robots to replace ones that are being charged. Moreover, traditional batteries have a negative environmental impact, as they create safety hazards and are an operational “headache” since they require dedicated procurement strategy, special shipping, handling, storage and recycling.
“With the backing of our investors and strategic partners, CaPow is challenging robot manufacturers, automation solution providers, and facility operators to change their definition of operational efficiency”, says Prof. Mor Peretz, Co-Founder & CEO at CaPow. “We look forward to accelerating our product development to meet strong market demand for our innovative and proven technology. The company will use the proceeds from the investment round to expedite business growth in markets around the world.”
“At IL Ventures, we align closely with CaPow’s mission of creating a sustainable, battery-free power supply for the industry,” says Yoni Heilbronn, Managing Partner at IL Ventures. “We are excited to invest in an exceptional and proven technology, which is a game changer for the entire robotic power landscape.”
