Israeli start-up Kado said Tuesday it has raised $1.2 million to complete development of what it says is the world’s thinnest wall charger.
Kado, a maker of ultra-thin charging technologies, has developed two chargers: one for smartphones and tablets and one for laptops.
VC firm AltaIR Capital participated in the seed round, Kado said, and in coming weeks it intends to launch a Series A financing round to prepare for the commercial launch of its products this year.
Kado’s founders, Itay Hasid and Daniel Assis, who set up the company in May last year, have developed a power conversion technology that allows high levels of power density and utilization, enabling the creation of compact and thin chargers and transformers.
Kado’s products replace “the current bulky chargers and transformers with compact alternatives suited for today’s mobile lifestyle,” said Hasid, the co-CEO of Kado. “When we can carry a smartphone charger in our wallet, we’ve solved the question whether to take the charger with us or not.”
The Kado Wallet, the company’s charger for smartphones, is 5 millimeters, or 0.2 inches, thin — the thickness of 3 credit cards– and can be carried in a wallet or a purse. It also includes a specially designed cable mechanism. The 21-gram, 0.05 lbs, Kado Wallet supplies up to 10 watts and can also charge other mobile devices, such as tablets, cameras, wireless speakers and headphones.
The Kado Sleeve for laptops, which the company dubbs “the world’s first ever foldable charger” weighs only 97 grams, or 0.21 pounds, and provides up to 70 watts of power. It has two USB ports for the simultaneous charging of a laptop and a smaller device, such as a smartphone or a tablet.
Kado is also developing additional products and accessories, such as dedicated cables, covers, and other modular units and has already filed patent applications for the technology.
Last year, Hasid and Assis, who are in their late twenties, sold their previous startup Batteryfly Energy, LTD, the maker of Mobeego, a disposable charger for mobile devices, to Life Clips Inc, for $6 million.
Kado’s R&D center, located in Lod, Israel, has plans to expand its workforce to beyond the 11 employees, including electronics, power, and mechanical engineers, it currently employs.
As part of its financing and marketing strategy, the company is planning to hold a crowdfunding campaign and then launch its products, initially in the US market and then in other markets like Japan and Europe.
The revenue model envisages collaborations with multinational manufacturers of mobile, computer, and digital product brands and direct sales of the company’s products to consumers. Hasid and Assis are also looking into strategic collaborations with Asian and American multinational brands, the statement said.