In a significant development for the electric vehicle charging and automated parking industries, Charging Robotics has announced the receipt of its first commercial order for its innovative wireless charging system. This groundbreaking technology is specifically designed for automatic parking facilities, marking a crucial step forward in the integration of EV charging solutions with modern parking infrastructure.
The order comes from Parking Design, a company at the forefront of developing and designing cutting-edge parking solutions. This collaboration between Charging Robotics and Parking Design represents a major milestone in the evolution of automated parking and EV charging technologies. The initial order is for a batch of 12 systems, each capable of wireless charging, allowing multiple EVs to be charged simultaneously. This feature significantly enhances the efficiency and convenience of automatic parking facilities, addressing the growing demand for seamless EV charging solutions.
The timing of this order aligns with the rapidly expanding Automated Parking System market. According to a research report by market.us, the global APS market was valued at $1.8 billion in 2022 and is projected to grow to $5.2 billion by 2032, with an estimated Compound Annual Growth Rate (CAGR) of 11.4% between 2023 and 2032. This growth trajectory underscores the increasing demand for innovative parking solutions that can accommodate the rising number of EVs on the roads.
Charging Robotics' system stands out for its use of advanced technologies such as machine learning and AI algorithms. These sophisticated tools manage EV charging in automatic parking facilities with unprecedented efficiency. The system's ability to prioritize and optimize the charging sequence for EVs based on various parameters, including planned departure times, vehicle types, and individual driving habits, addresses the increasing demand for electricity in a smart and sustainable manner.
The company's commitment to innovation is further evidenced by its recent pilot project in Tel Aviv, Israel, where it successfully installed its wireless charging system in an automatic parking facility. This real-world application demonstrates the practicality and effectiveness of Charging Robotics' technology in addressing the challenges of EV charging in urban environments.
Hovav Gilan, CEO of Charging Robotics, expressed enthusiasm about this milestone, highlighting the system's ability to optimize energy use and enhance the overall functionality of automatic parking facilities. This sentiment reflects the company's dedication to developing solutions that not only meet current needs but also anticipate future demands in the EV charging landscape.
Charging Robotics' broader portfolio includes various automatic wireless charging solutions, ranging from robotic to stationary charging systems for EVs. Their robotic solutions offer drivers the convenience of initiating charging through a simple smartphone app, which directs an autonomous robot to navigate under the EV for charging. Additionally, their stationary systems provide versatile charging options, including solutions for automatic car parks where traditional plug-in charging is not feasible. This comprehensive approach to EV charging demonstrates Charging Robotics' commitment to addressing the diverse needs of EV owners and parking facility operators alike.
