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

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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 under the Binational Industrial Research and Development (BIRD) Energy program. Lod, Israel) and Blink Charging Co. Elbit Systems Ltd.

Energy 170
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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 Meanwhile, BYD’s new energy vehicles have now made a mark in over 54 countries, with the BYD ATTO 3, one of its standout models, leading NEV sales in Thailand, Israel, and Singapore for several months.

BYD 370
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Israel Aerospace Industries and Cella Energy receive grant for UAV fuel cell project

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Israel Aerospace Industries (IAI) and Cella Energy have been awarded industrial research and development funding by Space Florida, the State of Florida’s aerospace and spaceport development authority, and MATIMOP, Israel’s Industrial Center for Research and Development.

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

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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. The pilot project was successfully completed by the BMW Technology Office in Israel.

Connect 312
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DOE awarding $4.8M to 5 BIRD Energy projects with Israel; H2 storage, biofuel, sustainable transportation

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The Department of Energy (DOE), in partnership with Israel’s Ministry of Energy (MOE) and the Israel Innovation Authority, announced $4.8 million for five newly selected energy projects as part of the Binational Industrial Research and Development ( BIRD ) Energy program. Rehovot, Israel) and ALD NanoSolutions Inc.