Volvo Group Puts Resources into a Pennsylvania’s Wireless Charging Company

An auxiliary of the Volvo Group, Volvo Group Venture Capital has put resources into an organization that works in the powerful wireless charging of EV’s.

Momentum Dynamics, the remote charging company, is situated in Pennsylvania. The firm is creating and commercializing high power inductive charging up for the transportation and automotive sectors.

On Tuesday, the Volvo Group stated that wireless charging empowered vehicles to associate with the electrical power system with no requirement to utilize cables or wires. This should be possible with no supervision and automatically.

The wireless charging company is right now doing pilots in equally Europe and North America. These include armadas and vehicle makers of transports, autos, trucks as well as trains, the Volvo Group indicated.

Investment director at Volvo Group Venture Capital, Stefan Soderling, indicated in a statement that for Volvo Group they are reinforcing their ability and learning of charging as well as power dispersion inside the network around energy supply and electric transportation.

Soderling included that they see association, investments, as well as cooperation as the route in the direction of a quick evolving condition.

During 2017, there were in excess of 3 million plug-in and hybrid electric vehicles on the streets, as indicated by the IEA (International Energy Agency) Global EV’s Outlook. This exhibits an expansion of 54% when contrasted with 2016.

Just about 580,000 electric autos were bought during 2017 in China, as per the IEA, whereas in the U.S. close to 280,000 were sold.

As far as charging framework, the IEA indicates that, worldwide, there were an expected 3 Mn private chargers at workplaces and homes during 2017. The quantity of publicly available chargers added up to around 430,000.

The current week’s news exhibits the most recent attack by a noteworthy trade into the EV charging area.

During January 2018, for example, oil major auxiliary BP Ventures put $5 Mn in a U.S. firm, FreeWire Technologies, which spends significant time in mobile EV quick charging systems. Volvo Cars, during October 2018, reported that it had purchased a share in FreeWire Technologies.

Malar kodi

Malarkodi M comes with a vast experience in food & beverage market research, with a special focus on emerging trends in the ingredients sector. A well-known figure in the global F&B sector, Malarkodi M has helped both large-scale and small-scale food & beverage companies develop business strategies through her research and consulting expertise. Malarkodi has been at the forefront of discussions on the evolving F&B ingredients landscape and has voiced her opinions at international forums. Her international presentations at the ‘Agrochemical Business Strategies and Opportunities’ at Berlin (2014) and Vitafoods - Asia-Pacific Heart Health Functional Food Market, Hong Kong (2016) was widely appreciated, serving as a strong foundation for further discussion on emerging trends. Malarkodi’s insights are regularly covered by reputed food & beverage journals, including Food Navigator, Nutraingredients-asia, and DairyReporter.