Electreon Wireless Ltd.

Should the parties sign a definitive agreement, the combined company will unite Electreon's stationary and dynamic wireless charging technology with InductEV's ultra-fast static systems, creating a unified platform with a complete range of wireless charging solutions. 

Key highlights:

• End-to-end platform: Combines Electreon's dynamic and mid-and high-power stationary charging solutions with InductEV's ultra-fast static systems, to deliver the world's most advanced and complete wireless charging offering.
  
  
• Global  growth: The full range of wireless charging products will support the expansion of wireless charging projects around the world.
  
  
• Innovation strength: Unites around 400 existing and pending patents and proven field experience to make EV charging smarter, faster, scalable and more economical.
  
  

LOS ANGELES, Nov. 19, 2025 /PRNewswire/ -- Electreon (TASE: ELWS), the global leader in dynamic wireless electric vehicle charging, has signed an MoU to purchase the assets of U.S.-based InductEV Inc., the leading provider of ultra-fast, high-power static wireless charging systems for heavy-duty electric transit and freight fleets in North America.

Once a definitive agreement is signed, the combined company will bring together Electreon's dynamic wireless charging and stationary high power technology, with InductEV's ultra-fast static systems and charging platform, creating a full range of wireless charging solutions for every EV use case, from passenger vehicles to vans to buses, heavy-duty trucks and autonomous vehicles. This unified portfolio simplifies and accelerates fleet electrification.

Combining the two companies' wide portfolio of high-impact projects and partnerships, along with nearly 400 granted and pending patents, will significantly strengthen their leadership in North America and globally. 

Both companies already work closely with key vehicle OEMs—an advantage that accelerates integration and market adoption. Electreon also brings deep operational experience and highly cost-efficient manufacturing capabilities, adding significant value to InductEV's technology, and creating a competitive and scalable platform for wireless charging worldwide.

"Together with InductEV, we are working to create a truly global powerhouse for wireless EV charging – a company unlike anything else in the market, offering wireless solutions for every charging scenario and for every type of customer and vehicle." Said Oren Ezer, CEO of Electreon  "We see this step as a defining moment for Electreon and for the global wireless charging industry. InductEV is the U.S. market leader in ultra-fast stationary wireless charging, and Electreon is the world leader in dynamic wireless charging with a proven, reliable product. This transaction will generate powerful synergies across our technologies, manufacturing capabilities, strategic partners, and customer bases – and the decision by InductEV's shareholders to invest in Electreon is a tremendous vote of confidence in our shared vision."

"I've long believed that wireless charging will redefine how fleets operate. Electreon shares that vision and brings the global reach and dynamic technology to make it a reality," said John F. Rizzo., CEO of InductEV"Together, we're combining world-class innovation with real-world experience to deliver even greater value to our North American and European customers and accelerate the shift to wireless power for sustainable commercial transportation." 

Completion of the transaction remains subject to due diligence, final agreements, and regulatory approvals.

About Electreon
Electreon is a world-leading innovator in wireless charging for electric vehicles. Its groundbreaking solution transforms roads into wireless charging platforms, enabling vehicles to charge while parked or in motion. The modular infrastructure is compatible with all EV types, allowing multiple vehicles to share the same charging system. This versatile technology supports urban electrification and fleet management, reduces battery capacity needs, and offers one of the most cost-effective, sustainable charging solutions available. Electreon's Flow software—the first to connect road and charging data— intelligently manages vehicles, energy, and charging operations—optimizing performance across entire fleets. Electreon manages nearly 30 projects in 9 countries with more than one hundred partners—and has a particularly strong footprint in Europe.

For more information, visit www.electreon.com
Email: info.us@electreon.com

About InductEV
InductEV is revolutionizing commercial EV fleets through high-power, hands-free wireless charging solutions. Proven in deployments across North America and Europe, the company's solution is ideal for addressing the demanding schedules and operational requirements of urban transit systems. Headquartered in King of Prussia, PA, InductEV is a global leader driving the adoption of wireless EV charging and intelligent energy management solutions. InductEV's wireless technology was named one of the world's top 100 inventions for 2024 by Time Magazine. Learn more at: www.inductev.com

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SOURCE Electreon Wireless Ltd

Electreon achieves a world-first: providing in-motion wireless charging for electric vehicles—including heavy-duty trucks—at highway speeds

• Electric trucks, buses, and cars are now charging wirelessly—without plugs and cables and without needing to stop—while travelling on the A10, one of France's busiest 4-lane highways
• Led by the VINCI Autoroutes consortium with Gustave Eiffel University and Hutchinson, tests confirmed Electreon's system delivers twice the power needed to keep a fully loaded heavy-duty truck charged on the move
• This technology supports France's Electric Road System roadmap, offering the first scalable model for real-world, on-the-go charging

LOS ANGELES, October 30, 2025  /PRNewswire/ --  Electreon (TASE: ELWS) a global leader in wireless electric road technology, announced a historic milestone: the successful launch of the world's first highway that wirelessly charges vehicles in motion. The shared system enables passenger vehicles, vans, buses, and heavy- and medium-duty trucks—to charge simultaneously, creating a universal model for electric mobility and proving that highways themselves can serve as charging assets in the shift to electric travel.

Led by VINCI Autoroutes—France's largest toll road operator—and backed by Bpifrance, the "Charge As You Drive" project marks a major leap forward for electric vehicles of all sizes. In partnership with Electreon, VINCI Construction, Gustave Eiffel University, and Hutchinson, VINCI Autoroutes helped develop and test an active 1.5-kilometer stretch of highway along the A10 near Paris, where electric trucks, buses, vans, and cars now recharge as they drive—without stopping or plugging in.

Several expert and independent laboratories of Gustave Eiffel University conducted extensive tests on mechanical, thermal, and power transfer performance, confirming average power transfer above 200 kW and peaks over 300 kW—twice the power required by a heavy-duty truck to drive that distance. The system proved safe, durable, and reliable under real highway traffic and at true highway speeds.

This milestone positions the company as the first in the world to demonstrate reliable, high-power wireless charging for heavy-duty vehicles traveling at typical highway speed.

Electreon's achievement in France shows that high-power wireless charging while cruising on the highway can truly reshape how electric vehicles operate—especially heavy-duty cargo trucks. By replacing the old stop and charge routine with continuous, on-the-go energy, Electreon allows electric freight vehicles to operate just as efficiently as traditional ICE trucks. With the additional power transfer, vehicles gain extra power as they drive—rolling off the highway with more charge than when they entered—cutting vehicle downtime for charging and reducing costs along the way.

"This marks a pivotal moment in the global development of wireless roads," said Oren Ezer, CEO of Electreon. "The system's outstanding performance, demonstrated in this project and verified by independent laboratories in France, proves that our technology is the only one capable of delivering high-power, reliable dynamic charging. Electreon's technology not only meets but exceeds all the targets set by the French government. I believe these results pave the way for the deployment of thousands of kilometers of wireless roads in France—and across the world."

Electreon's technology is a response to the French Ministry of Transport's visionary plan to deploy 9,000 kilometers of Electric Road System (ERS) by 2035.

"The initial results of the ongoing trials on a section of the A10 motorway confirm the findings of previous studies. Deploying this technology on France's main road networks, in addition to charging stations, will further accelerate the electrification of heavy-vehicle fleets, and thereby reduce greenhouse gas emissions from the freight and logistics sector—which alone accounts for more than 16% of the country's total emissions," said Nicolas Notebaert, CEO of VINCI Concessions and President of VINCI Autoroutes.

 Around the world, Electreon is already seen as a leader in electric road systems as the company builds a network of wireless charging roadways across nine countries. In the U.S., it deployed the nation's first public wireless charging road in Michigan, and is teaming up with UCLA to keep campus shuttles running efficiently ahead of the 2028 Olympic Games. In Utah, Electreon and Utah State University's ASPIRE Center are powering two pioneering projects:  heavy-duty Kenworth trucks charging as they drive on a test track, and, a new installation at the Utah Inland Port in Salt Lake City—built to validate dynamic charging for commercial freight and logistics. As the company expands its wireless road network across the U.S., Europe, and Asia, these milestones signal a global shift toward connected, continuous, and sustainable transport—making heavy-duty electric truck adoption both practical and profitable at scale.

About Electreon

Electreon is the leading developer and provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services, to meet the needs and efficiency demands of shared, public, and commercial fleet operators and consumers. The company's proprietary inductive technology charges EVs quickly and safely, both as they drive are stationary, eliminating range anxiety, lowering total costs of EV ownership, and reducing battery capacity needs, making it one of the most environmentally sustainable, scalable, and compelling charging solutions available in the market today.

Electreon operates 18 projects across 8 countries, together with more than 100 partners. Electreon's wireless in-road charging technology was named one of the world's top 100 inventions for 2021 by Time Magazine. For more information, visit electreon.com.

About VINCI Autoroutes

VINCI Autoroutes finances, designs, builds and operates motorways in France. Its teams support more than 2.5 million customers every day—and up to 4 million in summer—across a 4,443–km network managed by the concession companies ASF, Cofiroute, Escota, Arcour and Arcos. The primary mission of its 5,500 employees is to ensure, in all circumstances, the viability and maintenance of the network, user safety and the continuity of the motorway public service. A partner of the State and local authorities, VINCI Autoroutes serves 10 regions, 45 departments, 14 metropolitan areas, more than 100 towns with over 10,000 inhabitants and thousands of rural communities near its concession network. In response to the climate emergency, VINCI Autoroutes is working to transform the motorway—essential to the service and the economic and social activity of the regions—into low–carbon infrastructure in line with the national strategy for decarbonizing mobility.

Key figures: 4,443 km of motorways – 181 service areas – 266 rest areas – 344 toll stations.

More information: Radio VINCI Autoroutes (107.7) and its app, the VINCI Autoroutes website, Facebook, X (formerly Twitter) @VINCIAutoroutes, or by telephone at 3605 (customer service available 24/7 – free service; call charges apply).

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SOURCE Electreon Wireless Ltd