John F. Rizzo Elevated to CEO

Veteran Technology Executive Expected to Accelerate Global Adoption of InductEV’s Wireless Charging Solution

KING OF PRUSSIA, PA, October 15, 2024—InductEV announced that its co-President and Chief Operating Officer, John F. Rizzo will take on the added role of Chief Executive Officer for the PA-based company that pioneered wireless vehicle charging. Mr. Rizzo succeeds Barry Libert, who will transition to vice-chairman and a member of InductEV’s board of directors.

Mr. Rizzo joined InductEV in March 2023 as Chief Strategy Officer. He most recently served as Chief Technology Officer and President and Chief Operating Officer.

John F. Rizzo, President and CEO, InductEV

“I am so impressed by the people and the technology at InductEV and am pleased to lead the ramp to high-volume commercialization,” noted Mr. Rizzo. “We are on the cusp of a sea change in how commercial and industrial fleets are fueled by low-carbon electricity, and InductEV is leading that charge. I am grateful to take on the leadership of this remarkable company.”

Mr. Rizzo has a track record of building and managing high-growth early-stage technology businesses and turnarounds. His market experience spans B2B and B2C across 30 different technology companies including R&D, leadership, marketing, as well as executive leadership positions. This includes at some of the world’s most successful technology companies, including Apple, Intel, and Oracle, where he gained relevant hardware, manufacturing, and software experience.   He has also provided consulting services to leading firms such as NVIDIA, Cadence, and others.

InductEV holds 107 global patents with another 117 pending for its wireless inductive technology. Its AI-managed, high-power solution lets vehicles charge while on-route (as well as in-depot). This proven model offers tremendous environmental, economic, and operational advantages over diesel-fueled freight and transit vehicles and traditional conductive (plug-in) EV charging models.

To date, the company has seen deployments of its technology at multiple municipal transit agencies across the U.S., taxi fleets in Europe, and, most recently, at Moeller-Maersk’s APM Terminals in Port Elizabeth (NJ).  It has delivered over 3 GWh of energy to customers across the U.S. and the EU through its wireless charging network - the equivalent of saving 650 metric tons of CO2.  

Mr. Rizzo holds a BS degree in Electrical Engineering from Stanford University. He resides in King of Prussia.