NextNRG Inc. announced a partnership with Florida International University to launch a large‑scale wireless electric‑vehicle charging network that will span up to three miles of roadway and include 24 static charging sites across multiple FIU locations.
The deployment will use dynamic wireless charging technology, allowing vehicles to charge while moving or parked. The project is one of the largest worldwide and marks the first time a U.S. university has demonstrated wireless charging at this scale. The partnership licenses FIU’s patented technology, and one of the inventors has joined NextNRG as chief technology officer.
This move expands NextNRG’s integrated energy ecosystem beyond mobile fuel delivery into the growing EV charging market. By commercializing FIU’s technology, the company can open new revenue streams and strengthen its competitive position, aligning with its strategy to integrate AI, battery storage, and wireless charging solutions.
In Q3 2025, NextNRG reported revenue of $22.9 million, up 232% year‑over‑year, and a net loss of $14.9 million, with a gross profit margin of 11%. The EV charging segment is new, so current financials reflect overall company performance, but the partnership signals potential future revenue growth as the network scales.
CEO Michael D. Farkas said the partnership demonstrates that wireless charging at scale is practical and will accelerate the adoption of cleaner transportation. FIU President Jeanette M. Nuñez highlighted the partnership’s impact on economic development, while Distinguished Professor Arif Sarwat—now NextNRG’s CTO—emphasized the transition from research to deployment.
The announcement was met with a strong market reaction, driven by the scale of the deployment and the partnership with FIU. Investors viewed the project as a significant step toward capturing a share of the EV charging market.
The partnership represents a strategic milestone for NextNRG, positioning the company to capitalize on the growing demand for EV charging infrastructure and to diversify its revenue base.
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