Yaakobi will compete with Electrion in Israel in charging vehicles in traffic
magnetic wireless charging

TheMarker – Yaakobi will compete with Electrion in Israel in charging vehicles in traffic

Date: July 6th, 2021

YSB Group will compete with ElectReon in Israel in charging vehicles in traffic. The Yacobbi Brothers Group has signed a cooperation agreement with German company Magment GmbH, which has developed technology for wireless charging using magnetic concrete.

TheMarker –  The Jacobi Brothers Group has signed a cooperation agreement with the German company Magment, which has developed technology for charging electric vehicles inspired (without contact) using a concrete-based road and magnetic particles.

THE PEACE INTERCHANGE IN TEL AVIV. YAAKOBI
The Peace Interchange in Tel Aviv. Yaakobi develops an algorithm that implements a pre-defined traffic policy. Photo: Ofer Vaknin

The Jacobi Brothers Group, which is involved in the field of smart transportation, has signed an exclusive cooperation agreement with the German company Magment. According to the agreement, the Jacobi Brothers Group (+0.94% 85.6) will be the executive arm of the German company that will provide the technology for joint projects. Magment is engaged in the development of technology for charging electric vehicles inspired (without contact), using magnetic concrete-based roads.

The technology developed by the German company makes it possible to charge electric vehicles while moving, charging electric scooters and charging logistic vehicles with electric motors. Magment announced this week a partnership with ASPIRE – the American National Center for Research and Engineering funded by the American National Science Foundation. As part of the collaboration, the first concrete road will be paved with wireless charging while driving. ASPIRE unites collaboration between universities, government laboratories, and businesses working together to develop innovative charging technologies for electric vehicles.

The agreement between Yaakobi and Magment joins Yaakobi’s activity in the field of green transportation. Yaakobi, through Ariel Vimazor, a wholly owned subsidiary, signed an agreement in 2019 with Schlothauer & Wauer, under which it exclusively represents the German company that developed the world’s leading traffic light design software – LISA. The German company won a tender from Netivei Ayalon to provide licenses for software that will use Netivei Ayalon to plan traffic in the “Fast to the City” project worth NIS 3.5billion, and will connect 17 cities in the center of the country to a uniform metropolitan network.

Learn and optimize the traffic situation at intersections

Yaakobi has signed an algorithm development agreement (GoGreen) that studies the current and future traffic situation and implements a predefined traffic policy for a single junction or network of traffic light systems. The purpose of the algorithm is to optimize a single node and a network of nodes that are connected together to an application to prevent the nodes from entering a saturation state, transmitting a maximum volume of traffic at each individual node and at a traffic light network. The algorithm works without compromising the availability of pedestrian crossings, and while giving preference to preferred vehicles, emergency vehicles and public vehicles, maintaining the security of the various transportation systems including two wheeled vehicles including  bicycles, scooters, and pedestrians.

mauricio esguerra
Mauricio Esguerra, co-founder and CEO of Magment GmbH

Yaakobi’s subsidiary, Ariel Vimazor, uses the algorithm as part of the FALCON traffic control system it has developed. The algorithm was implemented in a pilot of Netivei Israel and the Technion at the Merkaz junction in Tel Aviv, and the results of the experiment showed a 35% – 40% improvement in traffic flow. Two weeks ago, Yaakobi signed an agreement according to which she received a NIS15 million loan from Leumi Partners, which can be converted into 20% of its shares in full dilution.

Ariel Vimazor competes with the Israeli company Electrion (+0.47% 19320), which is traded on the stock exchange at a value of NIS 1.9 billion after a 28% decline since the beginning of 2021. Electrion has developed technology for wireless charging of vehicles while traveling.

The technology is based on a infrastructure of coils buried under the road or parking lot, energy management units connected on the one hand to the electricity grid and on the other to the infrastructure of the coils and a car receiver that allows the energy to be transferred directly to the battery. Electrion is developing a cloud-based service that enables control and monitoring of all system components remotely.

Source: TheMarker