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Electric powertrain company IRP Systems raises $17M in Series B

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Israel-based IRP Systems , a provider of electric powertrain products, raised $17 million in Series B funding. The company’s global customer base includes top automotive and micro-mobility manufacturers. IRP Systems was originally founded as an aerospace powertrain company by Paul and Moran Price.

Companies 277
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Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, launches electric road pilot

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Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, has launched a pilot project to install wireless electric roads for charging public transportation in the city. Electric road construction in Tel Aviv. Credit: Tel Aviv-Yafo Municipality.

Companies 341
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Foresight partners with global industrial equipment manufacturer on proof-of-concept for autonomous mining and construction trucks

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Israel-based Foresight Autonomous Holdings, a developer of automotive vision systems, has signed a paid proof-of-concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment.

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3D electrode company Addionics closes $27M Series A

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Addionics, a chemistry-agnostic battery technology company, raised $27 million in a Series A funding round to scale up its efforts to redesign battery architecture with the company’s Smart 3D Electrodes, which improve the cost and performance of batteries with any chemistry—existing or emerging. Earlier post.).

Companies 195
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BYD produced its 5 millionth New Energy Vehicle

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The momentum continued in 2023, as the company reached a cumulative sales volume of 1.5 As of July 2023, BYD’s global new energy vehicle sales have soared beyond 4.8 As of July 2023, BYD’s global new energy vehicle sales have soared beyond 4.8 In 2022, BYD’s new energy vehicles saw total sales surpass 1.86

BYD 370
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Hyundai Motor to establish Hyundai Mobility Global Innovation Center in Singapore

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Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB). It also will help define the future business direction for the company. Smart Mobility Solution Provider.

Singapore 268
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Volkswagen, Mobileye and Champion Motors to commercialize mobility-as-a-service with self-driving EVs in Israel

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Volkswagen Group, Mobileye and Champion Motors plan to commercialize Mobility-as-a-Service (MaaS) with self-driving electric vehicles in Israel. Operating as “New Mobility in Israel,” the group’s proposal was formally accepted by the Israeli government during a private ceremony at the Smart Mobility Summit 2018 in Tel Aviv.