Medigus Ltd. Announces That Charging Robotics Ltd., A Subsidiary Of Fuel Doctor Holdings, Inc., (66.84% Owned By Medigus), Received Approval For Funding From The Israeli Innovation Authority For A Pilot Project
Portfolio Pulse from Benzinga Newsdesk
Medigus Ltd. (NASDAQ:MDGS), a technology company, announced that its subsidiary, Charging Robotics Ltd., received approval for funding from the Israeli Innovation Authority for a pilot project on wireless EV charging in automated parking systems. The project, in cooperation with Parkomot Ltd., aligns with the Israeli Ministry of Energy's goals for EV market adoption. The total budget is approximately $445,000, with 50% financed by the Israel Innovation Authority.
November 22, 2023 | 3:14 pm
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Medigus Ltd. announced its subsidiary's approval for funding a wireless EV charging pilot, which may enhance its position in the EV infrastructure market.
The news of receiving funding for a pilot project in the EV charging space could be seen as a positive development for Medigus, indicating progress in its subsidiary's technology and potential for future revenue growth. This may lead to increased investor confidence and a positive short-term impact on the stock price.
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