Former president Reuven Rivlin has been appointed president of Electrion an Israeli startup

Reuven (Ruby) Rivlin, the former president of the country, has been appointed president of Electrion, according to the company's report to the stock exchange.
"Rivlin's role will be, among other things, to promote the company's collaborations with governments and global companies as well as to expose its activities to decision makers around the world," the statement said. "The company's strategic vision is also shared by the issues Mr. Rivlin dealt with during his tenure as president, to fight climate change and pollution in world cities through a massive retirement of a unique wireless charging infrastructure that charges electric vehicles while parking and driving."
Electrion is a start-up company founded in 2013 by Oren Ezer, who serves as the company's CEO, and Hanan Rombek, the VP of technology. The company's technology enables wireless charging using coils installed under the road - and is designed to minimize the need for batteries and charging stations for electric vehicles. Since entering the stock market in a merger with a stock market skeleton in 2018, the company's share has soared by hundreds of percent, but since it peaked last October, it has fallen more than 50 percent. The market value at which the company is currently traded is NIS 1.5 billion, after at its peak it reached a market value double that - NIS 3.1 billion.
Electrion's technology works by installing coils under the road that communicate with a receiver in the vehicle's undercarriage and are managed through roadside management units. The company still has no revenue and the technology is currently being tested in several pilots, one of them in Tel Aviv (on a Dan electric bus, from the university train station to the university), a pilot in Sweden and other pilots in Germany, in collaboration with German electricity company EnBW.