Companies

Xylo Technologies' Affiliate, Charging Robotics, Secures Major Order for Autonomous EV Wireless Charging

Published June 28, 2024

Xylo Technologies Ltd. (XLYO), a prominent tech enterprise specializing in pioneering technology ventures, has officially declared that its affiliate, Charging Robotics Inc. (CHEV), a trailblazer in wireless charging solutions for electric vehicles (EVs), has received its first significant commercial order. This milestone purchase is for the deployment of EV wireless charging systems within automated car parking facilities.

Breakthrough in EV Charging Technology

With a keen focus on innovation and advancement in EV infrastructure, Charging Robotics has made notable strides in the efficient and convenient charging of electric vehicles. The commercial order signifies a pivotal step forward, marking the transition from developmental to operational status for the company's cutting-edge wireless charging platforms.

The Future of Automatic Car Parks

Automatic car parks are rapidly evolving, and with the integration of Charging Robotics' wireless systems, they are set to transform the EV charging experience. The seamless, contactless charging process introduced by these systems is designed to facilitate a more streamlined and user-friendly service for EV owners, revolutionizing the current models of EV energy replenishment.

Market Implications and Investor Outlook

The announcement of this first commercial order is not only a triumph for Charging Robotics but also carries significant implications for investors and the market alike. Shares of both Xylo Technologies Ltd. (XLYO) and Charging Robotics Inc. (CHEV) are expected to be influenced as the market assimilates this progression in their commercial ventures. Stakeholders are closely monitoring the trajectory of these companies and the potential ripple effects across the industry.

technology, investment, innovation