article thumbnail

BMW i Ventures invests in Upstream Security to accelerate the development of connected vehicle cybersecurity solutions

Green Car Congress

Israel-based automotive cybersecurity and data management company Upstream Security recently closed a Series C round which includes BMW i Ventures as a new investor. Upstream provides a cloud-based data management platform purpose-built for connected vehicles, delivering automotive cybersecurity and advanced data-driven applications.

Connect 312
article thumbnail

SEAT and Champion Motors create XPLORA to focus on connected cars and smart mobility in Israel

Green Car Congress

SEAT, a Volkswagen Group company, and Champion Motors Ltd., the brand’s importer in Israel, have reached an agreement to create XPLORA, a transversal team of specialists focused on technological innovation projects aimed at the connected car and smart mobility services.

Connect 150
article thumbnail

BIRD Energy to invest $6.4M in Israel-US projects; biomass, fuel cells, natural gas, water-energy nexus and energy efficiency technologies

Green Car Congress

The US Department of Energy (DOE), Israel’s Ministry of Energy (MoE) along with the Israel Innovation Authority have selected seven clean energy projects to receive $6.4 million, which includes $9 million of cost share from the companies selected for funding. Lod, Israel) and Blink Charging Co. Elbit Systems Ltd.

Energy 170
article thumbnail

Israeli automotive cybersecurity company closes $30M Series B from Renault, Volvo Group, Hyundai, Nationwide

Green Car Congress

Israel-based Upstream Security, a cybersecurity company targeting solutions for connected vehicles, closed a $30-million Series B funding round led by Renault Venture Capital and including Volvo Group Venture Capital, Hyundai, Hyundai AutoEver, Nationwide Ventures and others. Upstream’s solution.

Volvo 170
article thumbnail

Daimler first automotive company to test UBQ’s climate-positive thermoplastic material in auto parts

Green Car Congress

Daimler announced a trial and development partnership with Israeli cleantech company UBQ Materials to explore the use of UBQ’s climate-positive material in the production of automobile parts. UBQ operates a test plant in southern Israel which already supplies UBQ to the plastic industry with a capacity of 5,000 tons per year.

Climate 195
article thumbnail

General Motors acquires battery software startup ALGOLiON

Green Car Congress

General Motors has acquired substantially all the assets of Israel-based battery software startup ALGOLiON Ltd. ALGOLiON employees, including the company’s founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya, Israel. for an undisclosed sum.

article thumbnail

Toyota invests in V2X chipset company Autotalks

Green Car Congress

Israel-based Autotalks, a developer in V2X (Vehicle to Everything) communication chipsets ( earlier post ), has completed its Series D round with about $40 million in investments, an oversubscription of $10 million. Additionally, current Autotalks’ investors increased their investment in the company.

Toyota 150