Medigus Says Investment Co, Charging Robotics, Announces Results In Transferring High Voltage Wireless Electricity Needed For EV Charging
Portfolio Pulse from Benzinga Newsdesk
Medigus Ltd. (NASDAQ:MDGS) announced that its subsidiary, Charging Robotics, has successfully completed a key experiment in wireless high voltage electricity transfer for EV charging. This is a significant step towards implementing a wireless charging system in automated car parks. The experiment verified the proprietary control algorithms for voltage and current. The global Automated Parking System market is expected to grow from USD 1.8 billion in 2022 to USD 5.2 billion by 2032, with a CAGR of 11.4%. The growth in the EV market alongside automated parking suggests a promising future for this technology.
December 27, 2023 | 1:13 pm
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Medigus' subsidiary Charging Robotics successfully tested wireless high voltage electricity transfer for EVs, indicating progress in their EV charging solutions.
The successful experiment by Charging Robotics, a subsidiary of Medigus, in wireless EV charging technology is likely to be viewed positively by investors. This technological advancement aligns with the growing Automated Parking System market and the EV industry, potentially increasing Medigus' market relevance and opening up new revenue streams. The positive news could lead to a short-term increase in Medigus' stock price as the market reacts to the potential growth opportunities.
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