EV charging co Chakratec prepares for TASE IPO

The Israeli firm is creating kinetic storage to spice up electrical car charging.

Israeli electrical car charging firm Chakratec is believed to be planning to turn out to be the newest tech firm to carry an preliminary public providing (IPO) on the Tel Aviv Inventory Alternate (TASE). Market sources consider that Chakratec will attempt to elevate a number of tens of tens of millions of shekels at an organization valuation of NIS 350-400 million, earlier than cash, though it has a ‘going concern’ hooked up to its monetary report.

Chakratec says that it’s boosting e-mobility by enabling quick and ultra-fast EV charging by distinctive kinetic storage. The corporate was based in 2013 by CTO Ilan Ben-David, CCO Nir Zohar and David Pincu VP R&D.

The corporate is but to provide income and reported a web lack of NIS 9 million within the first half of 2020, after dropping NIS 24 million in 2018 and 2019.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 14, 2021

© Copyright of Globes Writer Itonut (1983) Ltd. 2021