Swiss building materials company Holcim AG (HCMLY.PK, HCMLF.PK) Thursday said it is partnering with the German startup Magment GmbH to improve its magnetizable concrete technology for road surfaces enabling electric vehicles to recharge wirelessly while in motion.
The technology is currently being tested by Researchers at Purdue University in Indiana, U.S.
The breakthrough concrete-based solution, known as “inductive charging”, reduces the need for charging stations, while saving time. It is done with a unique concrete with high magnetic permeability jointly developed by Holcim and Magment’s Research & Development teams.
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