Electreon (TASE: ELWS), the global leader in dynamic wireless electric vehicle charging, has signed a Memorandum of Understanding (MoU) to acquire the assets of U.S.-based InductEV Inc., a pioneer in ultra-fast static wireless charging for heavy-duty electric transit and freight fleets.
If finalized through a definitive agreement, the merger will unify Electreon’s dynamic and stationary high-power charging technologies with InductEV’s ultra-fast static systems, creating the world’s most comprehensive wireless EV charging platform.
Key Highlights of the Planned Transaction
- End-to-end wireless charging platform: Combines Electreon’s dynamic systems and high-power stationary solutions with InductEV’s ultra-fast static charging technology to support all EV segments—from passenger cars to buses, heavy-duty trucks, and autonomous vehicles.
- Global expansion: The combined portfolio enhances support for large-scale wireless charging deployments across global markets.
- Innovation strength: Together, the companies bring approximately 400 granted and pending patents, plus extensive real-world deployment experience.
- Fleet integration advantage: Both companies work closely with major OEMs, helping accelerate adoption and seamless integration.
Electreon’s strong manufacturing capabilities and cost-efficient operations are expected to complement InductEV’s technology, creating a scalable and competitive global platform.
Leadership Commentary
“Together with InductEV, we are creating a truly global powerhouse for wireless EV charging,” said Oren Ezer, CEO of Electreon. “This step represents a defining moment for the wireless charging industry. The synergies across technology, manufacturing, partners, and customers will accelerate market growth.”
“I’ve long believed wireless charging will redefine fleet operations,” added John F. Rizzo, CEO of InductEV. “Electreon brings the global scale and dynamic charging innovation needed to make this vision a reality.”
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