InductEV, previously known as Momentum Dynamics, has inaugurated the country’s foremost Research & Development Center dedicated to high-power, high-speed wireless charging for electric vehicles (EVs) and commercial fleets. This state-of-the-art center is located within a spacious 50,000 sq. ft. facility at InductEV’s global headquarters in King of Prussia, PA.
Why It Matters
The transport industry is rapidly moving towards electrification. As it does, wireless charging is poised to become the dominant method, surpassing traditional plug-in systems due to its cost-effectiveness, convenience, and efficiency. Barry Libert, InductEV’s chairman and CEO, emphasized the growing enthusiasm for wireless charging, especially among public transit fleets and port vehicle operators who have already embraced InductEV’s innovative technology.
Key Points
- InductEV’s unveiling occurred during the “Unwired” conference, attended by over 120 professionals from the automotive, EV charging, and commercial fleet sectors.
- Attendees received an exclusive tour of the R&D facility and witnessed a live demonstration of the company’s advanced wireless charging capabilities.
- InductEV offers high-speed inductive EV charging at a reduced ownership and operational cost compared to traditional combustion engines and corded charging methods.
- The company is strengthening its patent portfolio, with 50 patents either granted or in the process.
- InductEV’s unique solution for commercial fleets is operational in over 20 locations across North America and Europe, with expansion plans for Asia.
- The company anticipates a tenfold increase in bookings for 2023.
- Wireless charging is pivotal in promoting decarbonization, potentially reducing the need for EV battery recycling by prolonging battery lifespan by 4-8 times. Additionally, it paves the way for the widespread introduction of autonomous vehicles.
Bottom Line
InductEV is at the forefront of revolutionizing the EV charging landscape. By establishing the first wireless charging networks, the company is not only championing a more sustainable and efficient charging method but is also setting the benchmark for future commercial fleet management and operations.
