CaPow, the innovative provider of the Genesis in-motion power delivery solution for robotic fleets, has announced the successful completion of its $15 million Series A funding round. This strategic investment will accelerate CaPow’s global growth and market expansion as the company continues to redefine industrial automation through groundbreaking power delivery technology.
The funding round was led by Toyota Ventures and saw participation from Elements VC, along with substantial follow-on investments from IL Ventures, Payton Planar Magnetics LTD., Mobilion, Doral Energy-Tech, and other strategic partners.
Tackling Industrial Automation Challenges
Automation efficiency has faced challenges due to several factors, including oversized fleet purchases, charging downtime, and logistical, safety, and environmental issues stemming from reliance on heavy lithium-ion batteries. Addressing these issues is crucial for improving return on investment (ROI) and reducing the total cost of ownership.
CaPow’s proprietary Power-In-Motion technology provides a unique solution by delivering power to robotic fleets while they are in motion. This eliminates charging downtime, minimizes battery dependence, and significantly lowers capital expenses, ensuring 100% throughput for the robot’s entire operational lifespan. Companies implementing CaPow’s solution have reported a 32% reduction in cost of ownership and a 45% increase in automation operational efficiency.
Scaling Up for Global Impact
With the new capital infusion, CaPow plans to expand its global footprint, enhance its research and development capabilities, and scale production to meet growing market demand. The industrial automation market, projected to grow at a compound annual growth rate (CAGR) of 9.2%, is expected to exceed $460 billion by 2032, positioning CaPow’s technology as a game-changer in the sector.
“We are pushing the boundaries of energy management technology with the goal of completely transforming its role in industrial environments, providing a one-stop-shop for fleet energy concerns,” said Prof. Mor Peretz, co-founder and CEO of CaPow. “This funding from such market leaders is a strong vote of confidence that will accelerate our mission to drive innovation around perpetual power in the robotics, manufacturing, and logistics industries at scale.”
About CaPow
Founded in 2019 by industry-leading engineers Prof. Mor Peretz, Dr. Eli Abramov, and Dr. Alon Cervera, CaPow is at the forefront of power delivery innovation for robotic fleets. Its flagship Power-In-Motion technology transfers energy to robots while they move, eliminating downtime and ensuring continuous throughput. The Genesis system seamlessly integrates into existing warehouse infrastructure, empowering operators, automation experts, and OEMs to maximize efficiency while drastically reducing operating costs.
