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Archives: releases

Innovation Authority gives approval for ultrafast EV charging pilot based on the kinetic storage system

Chakratec to make a first installation in Israel in collaboratin with Afcon Electric Transportation. Chakratec has received approval and funding from the Innovation Authority to install and run a pilot for ultrafast EV charging infrastructure in Israel

Fault testing for new flywheel rotor completed successfully

Chakratec successfully completes testing for the flywheel – the core of the Company’s proprietary technology for ultra-fast charging of electric vehicles. This success marks the achievement of a significant milestone in the certification of the flywheel and the KPB100 system to the strict safety standard UL9540

Chakratec successfully closes a financing round of some ILS 96 million for implementation of the company’s strategic plan and accelerated growth in frastructure market

Preliminary report on financial data as of December 31, 2021

Chakratec kicks off a financing round led by Afcon, which is expected to be joined by a number of leading institutions in the capital market

Chakratec signs an agreement for installation of another 3 ultra-fast EV charging facilities in Germany

Chakratec expands its penetration to one of the world’s largest markets; Signing agreements for a total of €2.5 million. Chakratec signs an agreement for installation of another 3 ultra-fast EV charging facilities in Germany 

Non-binding term sheet for an order of Company products and establishment of fast charging facilities at a first pilot site in Denmark

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