ElectReon

ElectReon

Has developed a technology to provide power to public transportation vehicles wirelessly from the road. Learn more
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€1.9m

Valuation: €21.4m

Early VC

$50.0m

Late VC
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€822k

Grant
Total Funding€48.2m

Recent News about ElectReon

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More about ElectReon
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Electreon is a pioneering company in the electric vehicle (EV) industry, providing wireless charging solutions for EVs. The company's primary market includes fleet operators, regional municipalities, and Departments of Transportation. Electreon's unique selling proposition is its dynamic charging wireless Electric Roads, which allow EVs to charge while driving, queuing, or parked. This technology not only eliminates the cost of fuel but also reduces emissions and increases operational hours, making it a sustainable and cost-effective solution.

The company operates on a flexible business model, offering Charging as a Service (CaaS). This means that Electreon covers the upfront costs of infrastructure, implementation, and operations, thereby reducing the financial and operational barriers to fleet electrification. Customers can choose to pay a monthly subscription or pay per use for wireless EV charging.

Electreon's services are currently available in multiple countries, and the company is actively building a global network of partners to expand its reach. One of its notable achievements is the implementation of the first public wireless Electric Road System in an urban environment, specifically for an e-bus in Tel Aviv, Israel, to help reduce road congestion and pollution.

Keywords: Electric Vehicles, Wireless Charging, Fleet Operators, Charging as a Service, Sustainable Solutions, Dynamic Charging, Electric Roads, Global Partners, Infrastructure, Monthly Subscription.

Tech stack

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