FDOC - Shares Up for this AI Based Solution for EV Charging

2023-04-27 13:07:35 ET

Imagine a robotic system that could wirelessly charge %ElectricVehicles . That’s the technology this firm is working on, incorporating AI and machine learning algorithms that will use vast amounts of data to improve the service level offered to EV drivers by robotic chargers.

Charging Robotics Ltd, a subsidiary of %FuelDoctor (OTC: ), recently won the second place at the 14th Innovation World Cup, the world’s leading competition for techpreneurs and innovative SMEs in IoT, wearables & DeepTech.

The firm’s solution will contain advanced AI and machine learning algorithms, used to improve the performance of the Robotic Wireless Charging System. Additionally, a recent collaboration with Make My Day Ltd., a company that delivers EV fleet management solutions, will enable data collection about EV electricity consumption, customer arrival times and personal driving styles.

Shares were trading at $0.175 in afternoon trade.