Chakratec, the Kinetic Energy Storage pioneer, was invited by the Israel-India chamber of commerceto participate in the GITA Exchange conference and represent the Israeli innovation in eMobility solutions.
As part of a joint effort to support Israel’s positioning as a global eMobilityinnovative center, the Israel-India Chamber of Commerce and IsraeliChakratec, which develops and markets smart and green solutions for kinetic energy storage, will promote international collaborations in India.
Chakratec won recently the prestigious NREL 2018 Outstanding Venture Award by the United States’ National Renewable Energy Lab.
The goals of the participating in GITA exchange is to create business and commercial R&Dcollaborations and promote investment ineMobility solutionsfrom Israel.The Israeli delegation is led by Advocate Anat Bernstein-Reich, Chairperson of the Israel-India chamber of commerce. Chakratec will be presented byMr.Ilan Ben David, Co-founder and CEO. The delegation will meet leading suppliers of electricity and EV manufactures in order to promote a solution leveraging the unique kinetic storage technology of Chakratec to the benefit of the EV industry.
Fast EV charging requires very high power, one that causes high stress on the grid – making it almost impossible to deploy in locations where the grid is weak. To overcome this problem, storage systems are added to boost the fast chargers. These storage systems must withstand multiple daily high power charging cycles. Chakratec’s kinetic storage technology is meeting EV charging demands and is optimally applied to this application by providing unlimited high power charge cycle. This kinetic storage technology is green, environmental friendly and reusable as opposed to other polluting chemical batteries solutions in the market.
As part of the visit, Chakratec will participate in the upcoming GITA Exchange conference themed “Creating an Innovation Nation”that will take place on 29 November 2018 in Delhi. Among the conference’s participants: The Indian Minister of Science and Technology, Dr. Harsh Vardhan and Israeli companies, Biofeed, Amaizz, Oko and Nfrnds. The conference attracts hundreds of visitors from GITA’s partnering countries.
Anat Bernstein-Reich, Chairperson of the Israel-India chamber of commerce, commented: “We identify an increasing need in India for innovative technologies for the EV sector. Israeli solutions that will ensure high energy efficiency alongside significant savings for local electricity suppliers might be the key for further major business collaborationsfor Israeli companies. The Israel-India chamber of commercesees a great significant in promoting collaborations between Indian and Israeli companies for the development and implementation of EV technologies”.
Ilan Ben David, CEO and co-founder of Chakratec commented: “Chakratec provides a unique and first of its kind solution to electricity suppliers around the world that allows ultra-fast EV charging and up to 70% operating expenses savings’. Our storage stations allows fast EV charging on any electrical grid, anywhere and for any EV. This way, the world automotive industry will be able to withstand the challenges of high stress electricity in multiple times and locations. We are honored that our technology is considered as a leading platform for collaborations and various project around the globe and we are looking forward to seize the different opportunities we will face in India.”
Chakratec recently signed three other agreements with leading European electric utilities, and conducts several pilots that might develop into commercial agreements to deploy dozens ofUltra Fast EV charging Stations.
About Israel-India chamber of commerce
The Israel-India Chamber of Commerce is part of the Israel-Asia Chamber of Commerce that was established in 1984, and for over three decades it has provided professional and customized services to Israeli corporations and individuals operating in the Asian markets as well as Asian entities and investors operating in Israel.The Chamber promotes commercial relations between Israel and Asia in order to enhance the bilateral trade between the countries.
The Chamber is a nonprofit organization which cooperates closely with its founders, which include Israel’s Ministries of Economy, Finance and Foreign Affairs as well as Israel’s leading economic organizations – The Manufacturers Association of Israel, The Israel Export & International Cooperation Institute and The Federation of Israeli Chambers of Commerce.