Electreon delivered a 150% return from the beginning of the year

Electreon, which operates in the wireless charging of electric vehicles using "smart road" technology, is one of the hottest stocks on the stock exchange - it delivered a 150% return from the beginning of the year to a record price of NIS 182 per share, a value of NIS 1.7 billion - 40 times since entering the stock exchange 3 years ago.
The company was founded 7 years ago by CEO Oren Ezer and Technology VP Hanan Rumbeck, both of Elbit Systems. Each holds 16.6% of the company's shares. The Dan Company made an investment at the outset and holds about 13% of the company.
Electreon has developed a coil infrastructure that is embedded beneath the surface of the travel lane and allows energy transfer to the vehicles to extend the travel range of the electric vehicles and save time on charging the vehicles.
The company's development is being implemented in an electric road segment in Sweden as a type of pilot, while in the meantime the company reports satisfactory results. In the first phase the use will be mainly for public transport and trucks traveling on fixed routes.
Another important pilot will be in Tel Aviv. The Tel Aviv Municipality will operate a public transport line through a Dan Company line that will operate on an electric road infrastructure. The project, the company estimates, will be launched in the second half of 2020.