Fuel Doctor Holdings Inc Stock (OTC: FDOC)

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Medigus Ltd. (NASDAQ: MDGS) initiated a wireless EV charging pilot through its subsidiary, Charging Robotics Ltd., operating under Fuel Doctor Holdings, Inc.

Charging Robotics, A Subsidiary Of Medigus, Secures Israel Innovation Authority Funding For Wireless EV Parking Chargers

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Medigus Unit Charging Robotics Inks LOI To Complete Reverse Merger With Fuel Doctor

Fuel Doctor Holdings Inc

Charging Robotics Inc

Fuel Doctor's Charging Robotics to get $445K funding from Israel Innovation Authority

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Charging Robotics Receives Funding from the Israel Innovation Authority for Piloting its Wireless Charging Solution for Automated Parking System

Charging Robotics to Receive Funding from the Israel Innovation Authority for Piloting its Wireless Charging Solution for Automated Parking System

Charging Robotics Targets the $1.8 Billion Automated Parking Market for EV Wireless Charging Solution

Charging Robotics Announces Positive Results in Transferring High Voltage Wireless Electricity Needed for EV Charging

Revoltz Opens for Pre-Orders of its Revolutionary Micro Mobility EV

Medigus: Revoltz Opens for Pre-Orders of its Revolutionary Micro Mobility EV

Fuel Doctor: Charging Robotics successfully Installs its Wireless Charging System for Automatic Car Parks

Fuel Doctor: Revoltz Initiates on $2.7 Million Exclusive Distribution Agreement with First Batch Production of 50 PORTO Micro-Mobility EVs

Charging Robotics and Make My Day to Deploy AI-based EV Charging Management System

Charging Robotics Secures First Commercial Order for EV Wireless Charging Systems in Automatic Car Parks

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Medigus Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGS#NASDAQ">MDGS</a>) initiated a wireless EV charging pilot through its subsidiary,&nbsp;Charging Robotics Ltd., operating under&nbsp;Fuel Doctor Holdings, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FDOC#OTC">FDOC</a>), to&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/g36382587/medigus-charging-robotics-targets-the-1-8-billion-automated-parking-market-for-ev-wireless-chargin" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">address the need of automated parking systems</a>.&nbsp;

This initiative has been supported by funding from the Israel Innovation Authority, aligning with the surging need for efficient EV solutions&mdash;an area Medigus has ventured into through its subsidiary, Charging Robotics.

Pioneering wireless charging, Charging Robotics specializes in adaptive solutions for the evolving EV infrastructure.&nbsp;

Their wireless charging systems, tailored for automated parking setups, ensure seamless integration and high efficiency, resolving the absence of charging infrastructure in such environments.

The project commenced in August 2023, starting an evaluation pilot with an Israeli automated car park provider.&nbsp;

The funding from the Israel Innovation Authority, totaling approximately NIS 1.2 million ($445,000), fortifies this endeavor, projecting substantial growth within the expanding Automated Parking System market, which is anticipated to reach $5.2 billion by 2032.

This wireless charging system overcomes a current challenge in automated car parks, providing a user-friendly, smartphone-initiated charging process and a scalable infrastructure for EVs, operating at exceptional efficiencies of over 93%.

Fueled by the soaring EV market and mounting interest in automated parking, this innovative solution signifies a significant stride toward a more sustainable and efficient transportation future.

Price Action:&nbsp;MGDS shares are trading lower by 1.45% at $3.77 on the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was Reviewed And Published By Benzinga Editors.

Photo via Company

Medigus Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGS#NASDAQ">MDGS</a>), a technology company engaged in electric vehicle charging solutions, advanced medical solutions and innovative internet technologies, today announced that Revoltz Ltd. which is&nbsp;19.9%&nbsp;held by Charging Robotics Ltd., wholly subsidiary of Fuel Doctor Holdings, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FDOC#OTC">FDOC</a>), a Delaware corporation listed on the OTC Market (67.15%&nbsp;owned by Medigus) ,has entered an exclusive distribution agreement in the United State for its advanced micro-mobility EVs, with a leading distributor operating in the homeland security (HLS) and law enforcement sector.

As part of the agreement, the distributor committed to purchase a minimum of 500 units of PORTO, Revoltz&#39; state-of-the-art micro-mobility vehicles in the coming year.&nbsp;&nbsp;

Revoltz has made significant strides in the EV industry with the launch of its flagship model, PORTO, which provides a seamless blend of functionality, sturdy design, and agility, designed specifically for the growing, homeland security (HLS) market and others. The PORTO vehicle has a range of more than 100 km with volume for payload of 250L on a single charge. The PORTO patent protected advanced leaning suspension mechanism ensures best in class stability even under full load. With high volume loading spaces integrated over both axles, the cargo weight is distributed evenly, making for a safe and confident ride with unmatched vehicle dimensions which is extremely beneficial in the HLS market.&nbsp;

Medigus-Backed Revoltz Breaks Into US HLS Sector with Exclusive PORTO EV Deal

<ul>
	<li>Israel-based&nbsp;Medigus Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGS#NASDAQ">MDGS</a>) and its wholly-owned subsidiary, Charging Robotics, have&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/03/g26100487/medigus-announces-details-of-planned-spin-off-and-subsequent-merger-of-its-ev-wireless-charging-bu" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">signed a&nbsp;non-binding letter of intent</a>&nbsp;for a planned securities exchange agreement with&nbsp;Fuel Doctor Inc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/FDOC#OTC">FDOC</a>).</li>
	<li>The transaction will result in Charging Robotics becoming a wholly-owned subsidiary of Fuel Doctor.</li>
	<li>In exchange, Medigus will receive 80% of the issued and outstanding share capital of Fuel Doctor. Medigus will appoint nominees as officers and directors of Fuel Doctor.</li>
	<li>Charging Robotics is developing an automatic wireless charging system dedicated to public parking lots.</li>
	<li>Price Action:&nbsp;MDGS shares are trading higher by 3.52% at $1.03 on the last check Friday.</li>
</ul>

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