Chakratec, a provider of kinetic energy storage technology for EV charging, has completed a project with British hotel chain Premier Inn, enabling guests at the hotel’s Leipzig, Germany location to charge their EVs throughout their stay. Premier Inn is the first to deploy Chakratec’s charging technology in Germany, and Chakratec says this is the first… Read more »
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Chakratec raises $4.4 million for flywheel storage technology for DC fast charging
Israeli startup Chakratec has raised $4.4 million from the iArgento Group and the Singaporean company Goldbell in a series C financing round. The company will use the new funding to conduct pilot projects with three European utilities. It hopes to receive its first orders later this year. Chakratec, established in 2013, has developed an energy… Read more »
Fast charging stations store energy with Chakratec’s kinetic power booster
The advantages of adding stationary energy storage to fast charging stations are well known. But chemical batteries may not be the only solution. The Israeli firm Chakratec, established in 2013, manufactures a kinetic energy storage solution based on a flywheel. Chakratec says its “kinetic battery” can provide a virtually limitless number of deep charge cycles… Read more »