Following 1.5 years of success at Rosh Ha'Ayn bus depot, Electreon and Electra Afikim launch second wireless charging project at Ovnat Petach Tikva terminal
MWN-AI** Summary
Electreon, a leader in wireless electric vehicle charging technology, and Electra Afikim, a prominent public transportation operator in Israel, have launched a second wireless charging project at the Ovnat terminal in Petah Tikva following a successful 1.5-year trial at the Rosh HaAyin bus depot. The agreement, signed on April 27, 2025, marks a significant step in their collaboration, although it currently covers planning stages pending budgetary approvals.
The operation at Rosh HaAyin involved 23 buses utilizing Electreon's wireless technology, which charged seamlessly during both overnight and daytime periods. The decision to expand to the Ovnat terminal underscores Electra Afikim's satisfaction with Electreon’s innovative charging solutions, which have demonstrated enhanced performance, operational efficiency, and cost savings over the past year.
The new system at the Ovnat terminal will feature underground wireless charging infrastructure strategically placed beneath passenger pickup and drop-off areas. This technology allows for "opportunity-based charging," enabling buses to receive energy bursts during short stops, significantly enhancing their daily driving range and optimizing battery health. With this system, Electreon aims to reduce the economic and logistical burdens associated with traditional charging methods.
Electra Afikim’s commitment to electrifying its fleet aligns with broader initiatives to improve urban transportation sustainability. The new project, backed by the Israeli government, will initially support the existing fleet and is designed to be scalable, allowing the possibility of dynamic charging along bus routes in the future. As Electreon continues to expand its market presence, this partnership represents both a testament to its technological advancements and a forward-thinking approach to public transport electrification.
MWN-AI** Analysis
The recent announcement of a second wireless charging project by Electreon (TASE: ELWS) and Electra Afikim at the Ovnat Petach Tikva terminal builds on the positive momentum established at the Rosh Ha'Ayin bus depot. This strategic extension is indicative of confidence in Electreon’s wireless charging technology, which has demonstrated its operational efficiency and cost-saving potential.
Investors should take note of a few key factors in this scenario. First, the successful rollout in Rosh HaAyin, evidenced by Electra Afikim's decision to expand their collaboration, suggests a scalable and replicable model for urban electric vehicle (EV) infrastructure. This bodes well for Electreon’s market positioning not only in Israel but also internationally, as cities globally aim to enhance EV adoption and reduce emissions.
Additionally, the project’s innovative opportunity-based charging model—charging buses during regular passenger interactions—highlights significant advancements in operational efficiency. The ability to minimize downtime and reduce battery size could translate to lower operational costs for public transport operators, thus enhancing the overall attractiveness of Electreon’s solution.
As the partnership seeks to further electrify its fleet and integrate smart technologies for monitoring fleet performance, investors might consider how these advancements position Electreon as a leader in the growing market for EV infrastructure. Moreover, backing from the Israeli government could serve as a catalyst for further projects and heightened interest from potential collaborators and investors.
Though the project is still pending budgetary approvals and implementation details, the market sentiment around Electreon’s technology remains bullish. Given the ongoing trend towards electrification and sustainable transport solutions, analysts recommend maintaining a watchful eye on Electreon’s developments, particularly as additional projects could solidify its competitive advantage in the wireless charging domain.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
BEIT YANAI, Israel , April 28, 2025 /PRNewswire/ -- Electreon (TASE: ELWS), a global leader in wireless electric vehicle charging, announced April 27th, 2025 a second major project agreement with Electra Afikim, one of Israel's largest public transportation operators.
Building on the success of its wireless charging project at the bus depot in Rosh HaAyin, launched in November 2023 , Electra Afikim will now deploy Electreon's technology at the Ovnat terminal in Petah Tikva , a major suburb of Tel Aviv . Notably, the signed agreement covers planning only, though it reflects an intention to continue project implementation, subject to budgetary approval.
This renewed collaboration follows a year and a half of intense daily operation at the Rosh HaAyin depot, where 23 buses equipped with Electreon's wireless charging technology are charged both overnight and during the day while parked. Impressed by the system's performance and operational impact, Electra Afikim is expanding its use of Electreon's solution.
Oren Ezer , CEO of Electreon, said "A returning customer is the best proof of the immediate value of Electreon's wireless charging solution. We thank Electra Afikim for their continued trust, and I believe that the advantages of wireless technology—increased driving range, cost savings, and the ease and convenience of charging—will drive further expansion of our activities both in Israel and internationally."
At the Ovnat bus terminal, Electreon's wireless charging system will be embedded underground beneath the passenger bays, enabling automatic charging as buses pick up and drop off passengers. This opportunity-based charging model taps into short, frequent stops throughout the day to deliver multiple energy bursts. This approach reduces electricity costs, significantly extends daily driving range, and supports long-term battery health. By maximizing vehicle uptime and minimizing the need for extended charging sessions and for oversized batteries, the system gives Electreon a distinct competitive advantage. Located just seven miles from the original site, the Ovnat terminal sits directly across from the Grand Mall and next to the city's light rail station, making it a key hub in the urban transport network. The project includes the design works and approvals needed to electrify the terminal and pending the approval of the Ministry of Transport will continue to the full construction of the local power grid, wireless charging installation and the operating and maintenance of the wireless system on site.
Afikim:
After more than a year of successful operation in Rosh HaAyin, during which Electreon proved that the implementation of wireless charging enables optimal utilization of the bus fleet—Afikim chose to expand the use of this technology to the Ovnat terminal as well. Choosing Electreon again is no coincidence—it's a solution that has proven itself in the field, both operationally and in terms of cost reduction and service improvement. This move aligns with Afikim's vision to fully electrify its fleet and to carry out this transition in a responsible, smart, and data-driven manner.
Electreon's smart wireless charging system at the Ovnat terminal will power Electra Afikim's fleet of wireless-enabled electric buses operating as part of the Rosh HaAyin bus line cluster which serves the city and its surrounding areas. Wireless charging embedded beneath the passenger bays will enable automatic charging as buses arrive—during boarding, drop-off, and scheduled breaks. The system operates autonomously without any driver or staff involvement, delivering seamless, around-the-clock energy. It requires minimal space, is protected underground, and is both quiet and emission-free—making it ideal for urban areas near residential neighborhoods.
The project will initially support Electra Afikim's existing fleet of 23 electric buses already equipped with Electreon's technology from the Rosh HaAyin depot project. Additionally, Electra Afikim plans to expand its fleet adding more electric buses. Looking ahead, this project aligns with Electra Afikim's vision to fully electrify its fleet. Electreon's system, designed for scalability, can be extended along bus routes in the future, to enable dynamic, in-motion charging— boosting range, minimizing downtime, and reducing dependence on large, costly batteries.
The project is backed by the Israeli government, with Electra Afikim supplying the buses. Electreon will deliver the wireless charging solution as a turnkey provider and will oversee the entire project—from system design and installation to electrical infrastructure, roadworks, and long-term operation and maintenance. It will additionally provide continuous service and access to its proprietary software platform. This tool monitors and analyzes key fleet data—such as driving speed, vehicle count, and operational metrics—enabling smart decision-making, efficient fleet management, and cost-optimized charging through prioritization during off-peak hours.
About Electreon
Electreon is a leading developer and provider of wireless charging solutions for electric vehicles. Its end-to-end charging infrastructure works with any type of EV, and is designed for shared mobility, as well as for public transit and commercial fleet operators. The company's proprietary inductive technology enables fast and safe charging, both while driving and parked. This aims to eliminate range anxiety, reduces battery capacity needs, and lowers the total costs of EV ownership. As a result, Electreon delivers one of the most scalable, environmentally sustainable, and cost-effective charging solutions on the market. Electreon collaborates with cities and fleet operators through a direct sales model, and a Charging as a Service (CaaS) model, facilitating affordable electrification of public, commercial, and autonomous fleets for continuous operation. The company currently operates more than 20 projects across eight countries, in partnership with more than 100 organizations. In recognition of its innovation, Time Magazine named Electreon's wireless in-road charging technology one of the Top 100 Inventions of 2021.
For more information, visit electreon.com
Media Contact
Katelyn Davis
Joyride, on behalf of Electreon
katelyn@joyridepr.com
Photo - https://mma.prnewswire.com/media/2674695/Electreon_electric_buses.jpg
Logo - https://mma.prnewswire.com/media/1997596/Electreon.jpg
SOURCE Electreon Wireless Ltd
FAQ**
What specific performance metrics from the Rosh Ha'Ayin project led Electra Afikim to choose Electreon Wireless ELWSF for the Ovnat Petach Tikva terminal expansion?
How does Electreon Wireless ELWSF plan to scale its wireless charging technology along bus routes to further reduce reliance on large batteries?
What are the expected cost savings and operational improvements from the new wireless charging project at the Ovnat terminal compared to traditional methods?
How does the partnership with Electra Afikim align with Electreon Wireless ELWSF's broader vision for electrifying urban transport networks in Israel and beyond?
**MWN-AI FAQ is based on asking OpenAI questions about Electreon Wireless (OTC: ELWSF).
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