Charging Robotics Inc. Annual Report - How They Did This Year

Hey there! Thinking about investing in Charging Robotics Inc.? This guide gives you the details on their performance. We'll avoid complex financial terms. Think of it as a chat with a friend, helping you understand if this company is right for your investments.

This report covers their performance for the year that ended on December 31, 2025.

As we go through this report, we'll explore:

1. What does this company do and how did they perform this year? Charging Robotics Inc. (formerly Fuel Doctor Holdings, Inc.) is the parent company. It has a wholly-owned Israeli subsidiary, Charging Robotics Ltd. (CR Israel). It also has a majority-owned Israeli company, Revoltz Ltd. (Revoltz). They are based in Tel Aviv, Israel.

   What they do: Charging Robotics develops, produces, and installs wireless charging systems. These are mainly for electric vehicles (EVs). They focus on solving a key problem: charging EVs in robotic parking systems where cables are impractical.

   How their main product works: Imagine driving your EV into a special parking garage. You park on a special plate. Connect your car's charging cable to a socket on that plate. Then, use their mobile app to start charging. The plate moves your car to its final spot. A wireless transmitter in the parking facility and a receiver on the plate get close (about 40mm). Electricity then transfers wirelessly to charge your car. It's all automatic! The system has two parts. The receiving component (coil, electronics, socket) is on the plate. The transmitting component (coil, electronics) is in the parking facility.

   Looking ahead (Future Products): Their current focus is on Automatic Parking Systems (APS). However, the company started with robotic charging solutions. They developed a "tethered robotic solution" for disabled drivers. Imagine parking your car. A robot automatically navigates under your EV. It uses lidar (laser-based) sensors to "see" your car's wheels. Then, it wirelessly charges your car. This patent-pending technology makes EV charging automatic and accessible.

   Their Secret Sauce (Intellectual Property): Charging Robotics is protecting its ideas. They own several key intellectual property assets. This includes two US patents for "Wireless Vehicle Battery Charging" (expiring 2041). They also have a global patent application (PCT) for "Wireless Charging in Automated Parking Garages" (expiring 2042). A provisional US patent application covers "Introducing An Autonomous or Partially Autonomous Robot Under A Parked Vehicle" (expiring 2043). They also use trade secrets and continuous innovation. This intellectual property helps them stay competitive and build future income.

   Their Team: The company operates with a lean team. Two senior leaders (CEO and CFO) work part-time, often through consulting agreements. Eight full-time and part-time employees handle operations, administration, finance, accounting, and R&D. All team members are in Israel.

   Where They Operate: Their headquarters is in Tel Aviv, Israel. Shareholders lease their headquarters, so the company pays no rent. In January 2025, they rented an office, lab, and assembly area. This space, north of Tel Aviv, costs about $1,100 monthly. In September 2025, they added more Tel Aviv office space for about $3,600 monthly. This shows their physical growth as they develop products.

   Key developments this year:

   • Initial Orders: They received initial orders for 15 wireless charging systems. Three Israeli Automatic Parking Facilities (APS) suppliers placed these orders: Electra parking solutions (2 systems), Parkomot (1 system), and Parking Design (12 systems).
   • First Installation & Testing: One Electra system is installed in a Tel Aviv robotic parking system. It is undergoing initial testing. They await the parking facility's completion for full EV testing. The Parkomot system should install by late 2026.
   • Revoltz Acquisition: Charging Robotics first invested in Revoltz in 2021. In June 2025, they significantly increased their stake. They acquired another 32.74% of Revoltz by issuing their own shares. Revoltz became a majority-owned company. Charging Robotics now controls it and includes Revoltz's finances in its reports. As of March 19, 2026, Charging Robotics owns 51.07% of Revoltz.
   • What Revoltz does: Revoltz designs and produces micro-mobility vehicles. These smaller, agile vehicles are for urban environments, especially last-mile delivery. Their main product is the "PORTO EV." This compact, high-function electric micro-vehicle delivers efficiently and sustainably in dense cities.
   • Revoltz's Big Year: In March 2024, Revoltz announced a $2.7 million exclusive distribution agreement. They also completed the first 50 PORTO EV production units. By April 2025, they launched commercially in Israel. They delivered those first 50 units and began sales. They secured a major logistics provider as their first big client. This client will use PORTO EVs in their delivery fleet. Revoltz also installed its own wireless EV charging system with a robotic parking facility supplier. In early 2025, the Israeli Standards Institute approved the PORTO EV for sale. This allows users aged 16+ to operate it without a driver's license. By October 2025, they sold 30 PORTO EV units to Israeli customers.

2. Financial performance - sales, profit, growth metrics As of June 30, 2025, the market value of shares available to the public was about $56.1 million. By late 2025, about 11.25 million shares were available to investors.

   • New Shares Issued: To acquire the majority stake in Revoltz, Charging Robotics issued 1,385,002 new shares. This was about 12.3% of their total shares at the time. This increased the total shares available.
   • Product Pricing: Their wireless charging systems for robotic parking facilities average $3,000 US each. Fifteen initial orders could bring $45,000 in sales. However, only one system was installed and tested by late 2025. So, actual sales from this segment were likely minimal.
   • Revoltz's Sales: In March 2024, Revoltz announced a $2.7 million exclusive distribution agreement for PORTO Micro-Mobility EVs. This shows great potential, but it's an agreement, not actual sales for 2025. Revoltz sold 30 PORTO EV units in Israel by October 2025. This marked their move into active sales, contributing to the company's overall income. The company is considered a "Smaller Reporting Company" and an "Emerging Growth Company" by the SEC. This means it's a newer or smaller company. It has different reporting rules than bigger companies.

3. Major wins and challenges this year Wins:

   • Securing initial orders for 15 wireless EV charging systems for Automatic Parking Facilities.
   • Successfully installing and beginning testing of their first system in Tel Aviv.
   • Acquiring a majority stake in Revoltz was a big strategic move. This expanded their business into micro-mobility EVs.
   • Revoltz successfully launched the PORTO EV commercially. This included a $2.7 million distribution agreement. They received Israeli regulatory approval. They delivered first units and sold 30 by October 2025.
   • Revoltz securing a major institutional client.
   • No known legal troubles: The company knows of no ongoing or threatened lawsuits. This signals stability. Challenges:
   • The company corrected an error in past financial statements. This concerns investors. It may signal weak internal controls or accounting. This could reduce confidence in their financial data.
   • Their ability to fully install and test their wireless charging systems depends on large infrastructure projects finishing (like new buildings). This can cause uncontrollable delays.

4. Financial health - cash, debt, liquidity A critical aspect of Charging Robotics' financial health is the "going concern" warning. This warning was included in its financial statements by its auditors for the year ending December 31, 2025. This indicates the auditors have serious doubts about the company's ability to operate without more funding. The company hasn't made much money from its main products yet. It clearly states it needs a lot more cash. This cash will fund operations, develop products, and eventually lead to profit. If they can't get this funding on good terms, or at all, it's a severe risk. They might have to cut back or stop operations. They issued 1,385,002 new shares to buy Revoltz. This increased shares available by 12.3%. It shows they rely on selling shares to fund growth. The "going concern" warning highlights their risky financial state. They critically need outside money to stay afloat.

5. Key risks that could hurt the stock price The company itself pointed out some risks in its report that could affect its future. Understand these before investing:

   • "Going Concern" Warning & Need for More Cash: The company's financial statements include a note about its ability to continue operating. This means their auditors have serious doubts about its ability to operate without more money. They haven't sold much of their main products yet. They expect to need much more cash to become profitable. If they can't get this money on good terms, or at all, they might slow down. They might even stop developing products and other operations. This is a critical risk.
   • No Significant Sales Yet: They haven't made much money from current products. There's no guarantee of future profit.
   • Damage to Reputation and Brand: This is vital for any company, especially a new one. If Charging Robotics or its partners fail to maintain trust, deliver quality products, or handle complaints, their reputation could suffer. Negative publicity, unreliable technology, data breaches, or lawsuits could erode confidence. People might lose trust in their products and services. A damaged brand makes attracting customers and growing the business much harder.
   • Middle East Instability: Since they are based in Israel, regional security, political, and economic issues could harm their business.
   • Economic Environment & Fluctuating Results: Even with successful product sales, their financial results (like profit) could fluctuate greatly quarter to quarter and year to year. Many factors causing these changes are beyond their control. If results don't meet market or expert expectations, their stock price could fall. A key factor is market acceptance of their products and services. Broader economic conditions also affect their business and financial results. Operating results could swing up and down.
   • Evolving Market & Competition: They are in a rapidly changing market. This makes their future hard to predict. New technologies could quickly make current products obsolete. They must keep developing new things to stay competitive.
   • Product Demand: Demand for their products could change. This would affect their sales and profit.
   • Project Delays: As mentioned, their wireless charging system installations depend on large construction projects finishing. This can cause uncontrollable delays.
   • Supply Chain Issues: If key parts or raw materials become scarce or unavailable, it could delay manufacturing and delivery, harming their business.
   • Product Quality & Defects: Their products and services are complex. If they release faulty products or services, it could lead to recalls, returns, legal claims, damage their reputation, and cost them money and time.
   • Managing Growth: If the company grows very quickly, they might struggle with effective management. This could harm their brand and financial well-being.
   • Key Personnel: The company relies heavily on its key employees. If they can't keep, attract, or integrate skilled people, it would harm their growth.
   • Marketing & Brand Building: If they can't successfully promote their products and build their brand, it could negatively impact their business and future.
   • International Operations: As they expand internationally, they'll face new market risks and operational challenges to manage.
   • IT and Data Security: Computer system problems or data breaches (like hacking) could harm their business. They rely on partners with access to sensitive information. They also face electronic communication security risks.
   • Intellectual Property (IP) Risks:
     • Protecting Their Ideas: If they can't secure and maintain strong intellectual property rights (like patents) for their products, they might not compete effectively.
     • Third-Party IP: Other companies' intellectual property rights could prevent them from selling their products. They might face lawsuits or pay for licenses. This could be expensive or impossible.
     • Lawsuits: They might face lawsuits to protect their intellectual property. This would be costly, time-consuming, and they might not win.
     • Ownership Disputes: Claims could arise from former employees, collaborators, or third parties. These could challenge invention ownership or claim compensation for patents. This could lead to legal disputes and costs.
     • Global Protection: They might not protect their intellectual property rights everywhere.
     • Employee Claims: In Israel, employees can sometimes claim extra payment or royalties for job-related inventions. This could lead to legal issues and costs.
   • Regulatory Hurdles: They deal with complex automated parking and EV charging systems. This means many rules and regulations could cause problems:
     • Building & Zoning: Installing their systems requires navigating local building codes, zoning laws, and permits. Different areas have different rules. This could mean higher costs or delays.
     • Electrical & Grid Connection: Their charging solutions must meet strict electrical safety standards. They must connect properly to the power grid. This involves certifications, working with utilities, and following technical rules. These rules cover voltage stability and power quality.
     • Product Safety: Their automated parking systems use mechanical, electrical, and software components. They must meet product and workplace safety rules. Their designs, manufacturing, and installation must meet standards. This often requires certifications. Non-compliance could lead to costly changes or legal issues.
     • Environmental Rules: Their operations and installations are subject to environmental laws. These cover construction, waste, noise, and material handling. Following these rules might increase project costs or slow installations.
     • Data Protection & Cybersecurity: Their software platforms collect and process data, including personal or vehicle information. They must follow data privacy and cybersecurity laws. A data breach or non-compliance could lead to fines, service disruptions, and reputational damage.
     • Permits & Licenses: They need various permits and licenses to install and operate systems. Delays in obtaining or renewing these, or rule changes, could harm project timelines and customer relationships.
     • Communication Protocols & Interoperability: Their chargers must follow standardized communication rules. This allows them to work with different EVs, networks, and management systems. This ensures interoperability. However, they must keep up with evolving standards.
     • Electromagnetic Compatibility (EMC) & Radio Compliance: EV chargers emit electromagnetic signals. They must comply with regulations limiting these emissions. This ensures their systems aren't interfered with by other electronics.
   • "Emerging Growth Company" Status: As an "emerging growth company," they have fewer reporting requirements. This saves money, but some investors prefer more detailed financial information. This might make their stock less attractive.
   • "Penny Stock" Status: The company's shares might become "penny stock" if the price falls below $5.00. Penny stocks are riskier investments. They are volatile, harder to sell, and often lack information. Be aware of this if you invest.
   • Unforeseen factors: Like any business, they face other risks beyond their control.

6. Competitive positioning The Electric Vehicle (EV) market is booming globally. Government support, environmental concerns, and large investments drive this. This growth creates huge demand for charging infrastructure. Experts predict 30 million public chargers by 2030, 50 times more than today. A big challenge is insufficient charging stations. About 30% of charging attempts fail for various reasons. Governments, like the U.S., are helping. The U.S. has a $7.2 billion infrastructure law for EV charging.

   Cable charging is still the norm. However, wireless charging technology for cars should be the fastest-growing market segment by 2027. It could reach $568 billion by 2030. It offers a safer, more convenient, and potentially faster cable-free charge.

   Who they're up against: In wireless charging, Charging Robotics competes with big names like Robert Bosch GmbH, Continental AG, WiTricity Corporation, ZTE Corporation, HELLA KGaA Hueck & Co., and Qualcomm Technologies Inc. These companies often develop wireless charging pads or surfaces.

   Where Charging Robotics fits in:

   • Unique Niche - Wireless Charging for APS: They are tackling a specific niche: wireless charging in automatic parking systems. Traditional cable charging isn't practical there. This gives them a unique advantage. Their system works with automated car movement in these facilities.
   • Future Innovation - Autonomous Robot Charging: Their long-term goal is to be the first wireless charging solution using an autonomous robot. This includes a tethered robot for disabled drivers. It uses advanced tech like lidar to navigate and charge vehicles automatically. This is innovative and could set them apart.
   • Micro-mobility with Revoltz: With Revoltz, they entered the growing micro-mobility EV market. They don't just sell vehicles. They provide specialized vehicles like the PORTO EV for last-mile delivery. The PORTO EV has good range and payload capacity for its size. The company sees strong synergy here. Their charging technology can integrate with Revoltz vehicles and infrastructure. Automated charging is crucial for efficient, scalable last-mile delivery fleets. This is especially true for autonomous vehicles needing human-free recharging.

7. Leadership or strategy changes The biggest strategic change this year was the purchase of a majority stake in Revoltz Ltd. This greatly expands Charging Robotics' business. It moves beyond just charging infrastructure to include micro-mobility EVs that use it. This move suggests diversifying and capturing more of the EV market. It creates synergy between their charging tech and Revoltz's vehicles.

   Their overall strategy is clear:

   • B2B Focus: They plan to sell solutions directly to businesses. These include owners and operators of public parking spaces (malls, offices, hospitals).
   • Multiple Income Streams: They don't just sell hardware. They plan to:
     1. Sell their EV Wireless Charging Systems as equipment. This includes ongoing service fees after the warranty expires.
     2. Offer Software as a Service (SaaS) through their mobile app. This app helps drivers optimize routes and use the charging system. They hope for subscription fees or ad income once they have enough users.
     3. Sell Electricity for Charging. They want to install systems and sell electricity to drivers. Plans include fixed prices for always-charged cars or pay-per-use. They aim to buy electricity at wholesale rates. They will sell it for a profit, possibly using energy storage to boost earnings. This is a key focus for recurring income.
   • Niche Markets: They are actively seeking specific markets where traditional cable charging is difficult. Examples include robotic parking systems and potentially disabled drivers with their robotic solutions.
   • Partnerships: They plan to work with other EV charging infrastructure companies and EV manufacturers. This will develop new solutions and bring products to market faster.
   • Brand Building: They want to become a globally recognized brand for robotic charging solutions.

8. Future outlook Charging Robotics aims to be the world's first wireless charging solution using an autonomous robot. Their growth strategy first focuses on public parking lots. Then, they will expand into private mass markets. They also plan to grow their development, design, and manufacturing. Their various business models (SaaS, electricity sales) aim to create diverse, recurring income streams.

   With Revoltz, they've already launched commercially and secured institutional clients. This indicates a positive outlook for their micro-mobility segment. Revoltz focuses on the Israeli market now. They are actively exploring international expansion. The overall EV market should grow significantly. Sales could reach $828.6 billion worldwide in 2025. Growth should continue at nearly 7% annually. The wireless charging market should also explode. This offers strong support for their core technology.

   The electric last-mile delivery market, where Revoltz operates, is a major growth area. It was estimated at about $29.17 billion in 2024. It is projected to reach a massive $139.41 billion by 2033. This is nearly 20% annual growth! E-commerce, consumer demand for fast deliveries, and greener urban transport drive this growth. This market critically needs automated charging solutions. Revoltz's integration with Charging Robotics' technology is a powerful combination.

9. Market trends or regulatory changes affecting them

   • Booming EV Market: The global EV market is growing rapidly. Environmental concerns, government incentives (subsidies, grants), and heavy R&D investment drive this. This creates a massive need for charging solutions.
   • Charging Infrastructure Gap: A major challenge for the EV market is the lack of enough charging stations. This is especially true outside of major cities. This gap creates an opportunity for companies like Charging Robotics to provide innovative solutions.
   • Government Support: Laws like the U.S. Bipartisan Infrastructure Law allocates billions for EV charging infrastructure. This shows strong government commitment to supporting EVs. The company notes that more regulation here could positively impact their growth and success. However, as noted in "Key Risks," complex regulations can create hurdles. These cover building, electrical, safety, and data. They can cause delays and increase costs.
   • Shift to Wireless Charging: Industry experts predict that wireless charging technology for vehicles will be the fastest-growing segment of the automotive charging market. Projections show hundreds of billions of dollars by 2030. This trend directly benefits Charging Robotics' core business.
   • Explosive Last-Mile Delivery Market: The electric micro delivery and last-mile market is seeing huge growth. E-commerce and sustainability goals drive this. It heavily relies on efficient electric vehicles. Crucially, it needs automated charging solutions. This keeps fleets running with minimal human help. This trend strongly supports Revoltz's business. It also supports the synergy with Charging Robotics' technology.