Thin charger startup gains partner in Korea

Thin charger startup gains partner in Korea

Business news |
By Peter Clarke

Kado and Dongyang will work on thin and foldable chargers for laptops at Kado’s development center in Israel and in Seoul in South Korea. The two companies will invest $2 million in the project, of which $1 million was obtained from KORIL-RDF, the Korea-Israel Industrial Research and Development Foundation, a joint foundation of the Israeli and South Korean governments.

Kado and Dongyang E&P’s laptop charger is designed to be just 8mm thick, is planned to suit most laptop types and will be based on patent-protected technology by both companies. The product will supply 65W and includes two USB ports for simultaneously charging a second, smaller device, such as a smartphone or a tablet.

Kado was founded in Israel in May 2016 by serial entrepreneurs Daniel Assis, Itay Hasid, and other partners. In February 2017, the company raised $1.2 million with the participation of venture capital fund Altair Capital, to develop its products.

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