CaPow Secures $15 Million Series A to Redefine Industrial Automation

Backed by Toyota Ventures, IL Ventures, Elements VC, Payton Planar, and Doral Energy, CaPow scales production and R&D to meet growing demand worldwide

CaPow, provider of Genesis, an in-motion power delivery solution for robotic fleets, announced today it raised $15M in Series A funding to accelerate its efforts in global growth and market expansion. CaPow is a category defining upstart advancing industrial automation through power delivery. The round was led by Toyota Ventures and included the participation of Elements VC, along with more than double-down investments from IL Ventures, Payton Planar Magnetics LTD., Mobilion, Doral Energy-Tech, and more.

Progress in automation efficiency has slowed as a result of several factors including outsized fleet purchases and reduced productivity resulting from charging downtime, and various logistical, safety, and environmental challenges due to reliance on big, heavy, Lithium-ion based batteries. Meeting these challenges improves ROI and significantly lowers cost of ownership.

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CaPow’s market unique Power-In-Motion technology addresses operational efficiency challenges by delivering power to automated fleets while the vehicle is in-motion, thus eliminating charging downtime and reducing battery dependence. The novel solution tackles critical energy challenges. By powering fleets while en-route, CaPow dramatically reduces capital expenses and ensures 100% throughput for the lifetime of the robot. Companies adopting CaPow have seen a 32% decrease in cost of ownership and a 45% increase in automation operational efficiency.

With the new funding, CaPow will utilize the investment to broaden its global expansion into new markets, grow its global operations, scale R&D, and ramp up production to meet soaring market demand, cementing the company’s pioneering product as the go-to solution in industrial automation. The industrial automation market size is expected to grow at a compound annual growth rate (CAGR) of 9.2%, reaching more than $460 billion by 2032 according to some industry analysts.

“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 the fleet energy concerns,” said Prof. Mor Peretz, Co-Founder & CEO of CaPow. “This funding from such market-makers is a vote of confidence that accelerates our momentum to drive innovation around perpetual power in the robotics, manufacturing, and logistics industries at scale.

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Founded in 2019 by industry-leading engineers Prof. Mor Peretz, Dr. Eli Abramov, and Dr. Alon Cervera, CaPow’s investors include IL Ventures, Payton Planar Magnetics LTD., Mobilion, Doral Energy-Tech, and more.

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