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Charging Robotics Inc. (OTC: CHEV), a company specializing in wireless charging technologies for electric vehicles (EVs), will participate in the 30th ITS World Congress in Dubai from September 16-20, 2024. The company will join a delegation led by the Israel Export Institute, presenting its state-of-the-art EV charging technologies for Automatic Parking Systems (APS) at the event's roadshow.
Charging Robotics' advanced wireless charging systems integrate into automatic parking facilities, offering efficient charging solutions for EVs. The system uses machine learning and AI algorithms to optimize charging sequences based on factors like planned departure times, vehicle types, and driving habits. This technology addresses the growing demand for electricity in urban environments.
The ITS World Congress, expecting over 20,000 participants, is a premier global gathering for intelligent transportation systems and smart mobility solutions. Charging Robotics' participation aims to connect with key industry leaders shaping the future of transportation and smart cities.
Charging Robotics (OTC: CHEV) announced that its affiliate, Revoltz (19.9% owned by Charging Robotics), is developing a new three-wheel e-cargo bike for European and UK markets. The bike features:
- Enhanced stability and increased payload capacity
- Advanced full-tilting suspension system
- Compliance with European and UK regulations
- Pedal and electric motor combination for eco-friendly transportation
- Versatile configurations for various transportation needs
Revoltz expects the first prototype within three months and aims for commercialization in early 2025. The European e-cargo bike market is projected to grow from $1.05 billion in 2024 to $1.60 billion by 2029, indicating strong demand for sustainable urban transport solutions.
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