The Pennsylvania-based company's technology was chosen by Time editors based on originality, efficacy, ambition and impact. The annual list features 200 groundbreaking inventions that are changing how people live, work and think about what's possible.
InductEV's high-power wireless charging system operates through inductive charging bays: an in-ground pad activates when paired with an under-vehicle pad. Current systems range from 75 kW to 450 kW wireless charge capacity.
The technology shifts the charging model from overnight wired charging sessions to shorter sessions throughout the day, reducing electrification barriers for power utilities and fleet operators by maximising available clean energy supply.
"Our engineers deserve the primary praise for this prestigious recognition," says John F Rizzo, InductEV's president and CEO. "The commercial transport industry is at a crucial point in its electrification efforts, and we're seeing significant interest in our solution."
The company has secured three new US patents this year, bringing its worldwide total to 105, with 118 pending. Current deployments include Seattle's Sound Transit electric buses, Port Elizabeth's electric port tractors, and municipal transit buses in Indianapolis and Oregon.
InductEV has also partnered with vehicle manufacturers including Phoenix Motor, Mafi, OrangeEV, BYD, Gillig and Volvo. A notable project includes a wireless-charging taxi fleet of 20 electric Volvo SUVs in Gothenburg, Sweden, with additional installations operating in Oslo, Norway.