# CaPow Raises $15M for Robot’s Wireless Charging
## Introduction
CaPow, an innovative company based in Be’er Sheba, Israel, has successfully raised $15 million in a Series A funding round led by Toyota Ventures. The investment aims to expand CaPow’s revolutionary wireless Power-In-Motion technology, which enhances efficiency in robotic fleets by eliminating charging downtime.
## Investment Details
Toyota Ventures spearheaded the funding round, with additional investments from Elements VC, IL Ventures, Payton Planar Magnetics LTD, Mobilion, Doral Energy-Tech, and other key players. This financial backing will help CaPow scale its operations, grow its research and development efforts, and expand into new markets globally.
## The Power-In-Motion Technology
CaPow’s technology addresses the challenge of reliance on heavy lithium-ion batteries in automated fleets. By delivering power to robots while they are in motion, the company significantly:
– **Reduces charging downtime** – eliminating the need for halting operations.
– **Enhances operational efficiency** – allowing fleets to maintain 100% throughput throughout the robots’ lifetimes.
– **Lowers costs** – companies using CaPow’s solution have seen a **32% decrease in cost of ownership** and a **45% increase in automation efficiency**.
## CaPow’s Vision and Expansion Plans
The company’s CEO and Co-Founder, **Prof. Mor Peretz**, emphasized CaPow’s mission to revolutionize energy management in industrial environments. According to Peretz, their goal is to provide a **comprehensive solution for fleet energy concerns**, ensuring seamless operations.
With the newly secured investment, CaPow plans to:
– Expand into global markets.
– Enhance its supply chain and production capabilities.
– Accelerate research and development initiatives.
## Future Prospects
The industrial automation market is experiencing significant growth, with analysts projecting a **compound annual growth rate (CAGR) of 9.2%**, potentially exceeding **$460 billion by 2032**. CaPow’s innovative approach positions it as a key player in transforming the industry’s energy management landscape.
## Conclusion
CaPow’s wireless charging technology for robotic fleets is set to revolutionize industrial automation by reducing dependency on lithium-ion batteries and ensuring uninterrupted operations. With strong financial backing and ambitious expansion plans, the company is poised to drive significant advancements in energy management for automation.