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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. We are particularly impressed with their product leadership and customer traction. —VinFast deputy CEO, Pham Thuy Linh.

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Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

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Israel-based Foresight Autonomous Holdings Ltd., The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system. Furthermore, the manufacturer has an investment arm specializing in locating technologies for the vehicle market.

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GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

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GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.

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Intel to acquire Mobileye for $15.3 billion; targeting autonomous driving

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The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.

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BP invests in ultra-fast charging battery company StoreDot

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BP Ventures has invested $20 million in Israel-based ultra-fast charging battery developer StoreDot. StoreDot has developed a lithium ion-based battery technology which enables ultra-fast charging for the mobile and industrial markets. Earlier post.)

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EV battery swap company Better Place files for liquidation

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Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. Israel was the first place in which an electrical car could travel without limit.

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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

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—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. Guangzhou Automobile Group. In 2013, GAC Group targets to exceed sales volume of one million for both vehicle and motorcycles. Click to enlarge.

Detroit 261