Elssway
Wireless and Wired Charging Platform For Light Electric Vehicle Fleets
Company Overview
Snapshot
Founded in May 2024 by Asaf Ellsibony and Tal Bakish, Elssway operates with 1–10 employees. The company has raised $1.65M across one funding round from one investor. In April 2024, Elssway secured pre-seed funding from Earth & Beyond Ventures.
Business overview
Elssway provides a Charging-as-a-Service (CaaS) platform specifically designed for Light Electric Vehicle (LEV) fleets, including e-scooters, e-bikes, and delivery robots. The system integrates both wired and proprietary wireless power transfer technologies to deliver energy wherever vehicles are parked. As a dedicated Charge Point Operator (CPO) for LEVs, Elssway aims to eliminate the operational complexities of manual battery swapping and the logistical limitations of fixed docking stations. The company operates within the Automotive & Mobility Technologies sector, focusing on electric mobility and eco-efficient energy usage.
Strategic signal
In December 2025, Elssway was highlighted as a key innovator in Herzliya's initiative to reduce private car usage through smart technology, positioning the city as a laboratory for urban innovation. This signals strong municipal validation for Elssway's charging solutions and indicates potential for broader adoption in urban e-mobility infrastructure.
Company Intelligence Q&A
- When was Elssway founded?
- Elssway was founded in May 2024 by Asaf Ellsibony and Tal Bakish.
- What is Elssway's primary focus?
- Elssway focuses on providing a Charging-as-a-Service (CaaS) platform for Light Electric Vehicle (LEV) fleets, utilizing both wired and proprietary wireless power transfer technologies.
- How much funding has Elssway raised to date?
- Elssway has raised a total of $1.65M in a pre-seed funding round in April 2024.
- Which investor participated in Elssway's funding round?
- In April 2024, Elssway secured pre-seed funding from Earth & Beyond Ventures, which invested $250,000.
- What is Elssway's role in the Herzliya urban innovation initiative?
- In December 2025, Elssway was recognized as one of six startups participating in Herzliya's initiative to transform the city into a pioneer in transportation, aiming to significantly reduce private car use through smart technology.