CaPow secures $15M Series A for Power-In-Motion mobile robot charging technology

CaPow, provider of Genesis, an in-motion power delivery offering for robotic fleets, recently announced it raised $15M in Series A funding to accelerate its efforts in global growth and market expansion.

CaPow is an Israel-based upstart that said it is 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.

Constant charging of mobile robots

CaPow said 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 can improve ROI and significantly lower the cost of ownership.

CaPow’s power-in-motion charging 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 company said its offering tackles critical energy challenges. By powering fleets while en-route, CaPow 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 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 market demand.

“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 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.

Earlier in March 2025, Hyundai Cradle, the innovation arm of Hyundai, announced a successful proof of concept (PoC) at Hyundai Glovis facilities, where automated guided vehicles (AGVs) powered by CaPow’s technology achieved 100% uptime.

Traditionally, AGVs operate for about seven hours per one-hour charge, but with CaPow’s power-in-motion technology they ran continuously - demonstrating a major efficiency boost.