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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