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BYD produced its 5 millionth New Energy Vehicle

Green Car Congress

BYD has produced its 5 millionth new energy vehicle (NEV), a DENZA N7. In 2022, BYD’s new energy vehicles saw total sales surpass 1.86 The momentum continued in 2023, as the company reached a cumulative sales volume of 1.5 The momentum continued in 2023, as the company reached a cumulative sales volume of 1.5

BYD 370
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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. IRP Systems provides high-performance, cost-effective powertrain products to the electric vehicle market. The company’s global customer base includes top automotive and micro-mobility manufacturers.

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. —Ron Huldai, Mayor of Tel Aviv-Yafo.

Companies 341
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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. Upstream provides a cloud-based data management platform purpose-built for connected vehicles, delivering automotive cybersecurity and advanced data-driven applications.

Connect 312
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Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

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Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. Electra Afikim is the fourth-largest bus operator in Israel with roughly 1,400 buses.

Charging 355
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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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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.