“The idea of electrifying vehicles from the road is trendy right now and you can see several companies trying to do a similar concept to us, but our technology is totally different, from the coils under the asphalt to the transfer of energy to the bus,” Ezer tells ISRAEL21c.
ElectRoad received funding in October 2015 from the European Union’s €18 billion Horizon 2020 project to refine its objectives, define its market segment and woo strategic partners.
“We can use the grants to create pilots in Europe, where we already have several partners, and will apply for Phase 2 Horizon 2020 grants at the end of 2017,” says Ezer. He expects to start a pilot project in 2018 in a European city modeled on the one in Tel Aviv…..
ElectRoad also gets funding from the Israel Innovation Authority and the ministries of Transportation, Energy and Economy.