CaPow, a pioneer in efficient power delivery for robotic fleets, today announced that it has secured $15 million in Series A funding to accelerate its global growth and redefine industrial automation. The funding round was led by Toyota Ventures and included participation from Elements VC, along with significant follow-on investments from IL Ventures, Payton Planar Magnetics, Mobilion, Doral Energy-Tech, and other investors.
CaPow's Power-In-Motion technology delivers power to robotic fleets while they are in motion. This breakthrough solution eliminates charging downtime, significantly reduces reliance on heavy Lithium-ion batteries, and cuts capital expenses while ensuring uninterrupted operation throughout the fleet’s lifetime. Early adopters have experienced a 32% decrease in the cost of ownership and a 45% increase in operational efficiency. By seamlessly integrating into existing warehouse infrastructures, CaPow’s Genesis system positions the company as a leader in the industrial automation space.
Building on these operational benefits, CaPow’s patented Power-In-Motion technology, protected by three key patents, leverages advanced capacitive wireless energy transfer to provide continuous charging for robotic fleets. The system employs adaptive resonant circuits and real-time impedance matching to maintain optimal power transfer even when there is misalignment between the floor-mounted transmitter pads and the robot’s receiver modules. This approach leads to extended battery life through continuous trickle-charging, and also sets a new standard for efficiency and reliability in industrial environments.
Founded in 2019 by Prof. Mor Peretz, Dr. Eli Abramov, and Dr. Alon Cervera, CaPow is redefining energy management for robotic fleets. “We are pushing the boundaries of energy management technology with the goal of transforming industrial automation,” said Prof. Mor Peretz, Co-Founder and CEO of CaPow. “This funding is a strong vote of confidence from prominent market players and accelerates our mission to provide perpetual power solutions for the robotics, manufacturing, and logistics industries.”
The investment will support CaPow’s plans to expand production, scale research and development, and drive market expansion in an industry challenged by downtime and inefficiencies linked to conventional charging solutions.
