CaPow (from website)
CaPow, the Israeli startup and provider of Genesis, an in-motion power delivery solution for robotic fleets, has successfully raised $15 million in Series A funding. The investment will accelerate global expansion and drive market growth, solidifying CaPow’s role as a category-defining leader in industrial automation through cutting-edge wireless power delivery.
The funding round was led by Toyota Ventures, with participation from Elements VC and continued support from IL Ventures, Payton Planar Magnetics LTD., Mobilion, Doral Energy-Tech, and others. This strategic investment underscores the growing demand for efficient, continuous power solutions in the evolving automation landscape.
CaPow’s groundbreaking technology eliminates downtime, enabling uninterrupted robotic operations, making it a game-changer for industries embracing next-generation automation.
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With the new funding, CaPow will utilize the investment to broaden its global expansion into new markets, grow its global operations, scale R&D, and ramp up production to meet soaring market demand, cementing the company’s pioneering product as the go-to solution in industrial automation. The industrial automation market size is expected to grow at a compound annual growth rate (CAGR) of 9.2%, reaching more than $460 billion by 2032 according to some industry analysts.
Recent automation efficiency improvements have been hindered by factors such as large fleet acquisitions, charging-related productivity losses, and the logistical and environmental burdens of heavy lithium-ion batteries. Solving these challenges is vital for maximizing ROI and minimizing ownership costs. CaPow’s groundbreaking Power-In-Motion technology provides a solution by powering automated fleets during operation, eliminating charging downtime and reducing battery dependence. This innovation addresses key energy challenges, significantly reduces capital expenditures, and guarantees continuous 100% throughput. Organizations adopting CaPow experience a 32% reduction in cost of ownership and a 45% boost in automation operational efficiency.
Founded in 2019 by industry-leading engineers Prof. Mor Peretz, Dr. Eli Abramov, and Dr. Alon Cervera, 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.”
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.
“We are pushing the boundaries of energy management technology with the goal of completely transforming its role in industrial environments, providing a one-stop-shop for the fleet energy concerns,” said Prof. Mor Peretz, Co-Founder & CEO of CaPow. “This funding from such market-makers is a vote of confidence that accelerates our momentum to drive innovation around perpetual power in the robotics, manufacturing, and logistics industries at scale.
