Rivlin will lead Electreon as its president and 'enhance the company’s collaboration with governments and global companies.'

REE will have access to world-class test facilities and a ground for physical testing at the MIRA Technology Park in the UK.

The company has been developing a unique solution to charge vehicles in full motion over smart roads and its pilot programs are yielding encouraging results.

At the moment, Addionics focuses on the automotive market but also develops tech for products such as consumer electronics, medical devices, drones.

Founded in 2013, ElectReon developed a system to charge vehicles while in full motion using copper coils placed under the middle lane of the road.

Founded in 2013, the startup developed technology that can charge electric vehicles while in full motion over electrified infrastructure.

The German auto giant and the driver assistance systems tech firm, now an Intel company, are set to use Israel as a global beta site for testing mobility-as-a-service model.

Israeli startup Chakratec has raised $4.4 million to further the development of its rapidly charging EV technology in Europe, hoping it will lead to orders for the product later this year.