Wireless EV charging solutions
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As Rapid Growth in Automated Parking Accelerates, Charging Robotics Is Well Positioned for the Future Urban EV Ecosystem
Globenewswire· 2026-01-21 14:30
Core Insights - The automated parking systems market is projected to nearly double in value from USD 4.31 billion in 2025 to USD 8.37 billion by 2032, with a compound annual growth rate (CAGR) of 10.0% [2] - The global electric vehicle (EV) market is expected to grow from USD 892.63 billion in 2025 to USD 2,131.89 billion by 2032, at a CAGR of 13.2% [3] - Charging Robotics Inc. is positioned to leverage its wireless charging technology integrated into robotic parking facilities, aiming to become a key player in sustainable urban mobility [1][4] Automated Parking Systems Market - The commercial segment is driving the growth of the automated parking market, fueled by urbanization and the demand for space-efficient systems [2] - The need to reduce congestion and emissions, along with the integration of smart technologies, is propelling the adoption of automated parking solutions [2] Electric Vehicle Market - Government incentives, decreasing battery costs, and rising consumer demand for eco-friendly transport are key factors driving the growth of the EV market [3] - EVs are anticipated to dominate urban fleets and personal vehicles, highlighting the urgency for advanced charging infrastructure [3] Charging Robotics Developments - Charging Robotics installed its first wireless EV charging system in an automated parking facility in Israel in April 2025, showcasing hands-free charging capabilities [4] - The company secured an expanded purchase order from Parking Design Ltd. in January 2026, indicating strong demand for its systems [4] - The integration of AI and machine learning in Charging Robotics' solutions enhances efficiency by enabling dynamic charging prioritization [4] CEO Insights - The CEO of Charging Robotics emphasized the transformative opportunity presented by the evolution of automated parking and EVs for urban sustainability [5] - The company's focus on scalable, AI-enhanced wireless technology positions it for significant impact in the market [5]
NextNRG Appoints Growth Leader and Fintech Pioneer Michael Weisz to Strategic Advisory Board
Globenewswire· 2025-08-13 14:15
Core Insights - NextNRG, Inc. has appointed Michael Weisz to its Strategic Advisory Board, bringing extensive experience in scaling investment platforms and executing strategic M&A [1][3][4] - Weisz previously founded Yieldstreet, which deployed over $6 billion across various asset classes and became the largest direct-to-consumer alternative investment platform in the U.S. [2][5] - NextNRG aims to leverage AI and machine learning to transform energy production and management, focusing on smart microgrids and wireless EV charging solutions [7][8][10] Company Overview - NextNRG is focused on AI-driven energy innovation, implementing solutions like the Next Utility Operating System® and smart microgrids to enhance energy efficiency and reduce costs [7][8] - The company is expanding its operations in multiple energy sectors and geographic markets, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks [10] - NextNRG's technology aims to support the transition to electric vehicles (EV) and improve energy accessibility while contributing to decarbonization efforts [9][10] Leadership and Strategy - Michael Weisz's appointment is expected to strengthen NextNRG's go-to-market strategy and growth initiatives, leveraging his expertise in capital markets and strategic partnerships [3][4] - The company is positioned at the intersection of the AI revolution and the global energy transition, aiming to create significant value through disciplined execution and intelligent capital deployment [3][10] - NextNRG's Strategic Advisory Board is chaired by Gary M. Goldfarb, enhancing the company's strategic direction as it continues to grow [3]
NextNRG Signs LOI to Acquire ReFuel Mobile, Preparing for International Expansion with Canadian Mobile Fueling Leader
Globenewswire· 2025-06-30 12:50
Core Insights - NextNRG, Inc. has signed a letter of intent to acquire ReFuel Mobile, a Canadian mobile fueling company, marking its entry into international markets and expanding its operations in Ontario's commercial and industrial sectors [1][2][5] - ReFuel Mobile has shown exceptional growth, ranking 36 on Globe and Mail's fastest-growing companies list with a 1,166% revenue growth over three years, and is currently profitable [3][10] - The acquisition is expected to enhance NextNRG's mobile fueling leadership and contribute to its recurring revenue base, with projected forward 12-month revenues of $100 million [5][9] Company Overview - NextNRG, Inc. specializes in AI-driven energy solutions, including smart microgrids and mobile fuel delivery, aiming to transform energy production and management [1][11] - ReFuel Mobile, founded in 2016, focuses on direct-to-vehicle and direct-to-equipment fuel delivery, serving various sectors including transportation, construction, and logistics [2][10] - The acquisition will integrate ReFuel's proprietary software platform with NextNRG's technology, enhancing operational efficiency and service delivery [5][9] Financial Performance - NextNRG reported preliminary revenue of $6.6 million for May 2025, representing a 148% year-over-year growth, marking its fifth consecutive record month [8] - Year-to-date revenue through May reached approximately $28.89 million, surpassing the full-year 2024 revenue of approximately $27 million [9] Strategic Goals - The acquisition aligns with NextNRG's strategy to scale AI-optimized energy solutions globally and expand its geographic reach [5][7] - ReFuel plans to enhance its service offerings and expand into additional regions in Ontario and Quebec, including Ottawa and Montreal [6][7]