EV charging co Chakratec prepares for TASE IPO
The Israeli company is developing kinetic storage to boost electric vehicle charging.
Israeli electric vehicle charging company Chakratec is believed to be planning to become the latest tech company to hold an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). Market sources believe that Chakratec will try to raise several tens of millions of shekels at a pre-money valuation of NIS 350-400 million, even though it has a going concern qualification attached to its financial statements.
Chakratec says that it is boosting e-mobility by facilitating fast and ultra-fast EV charging through unique kinetic storage. The company was founded in 2013 by CTO Ilan Ben-David, CCO Nir Zohar and David Pincu VP R&D.