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Electreon and ASPIRE to launch electrified roadway demo in Utah

Green Car Congress

Israel-based Electreon, a developer ofin-road wireless electric vehicle charging technology for shared, commercial and passenger vehicles, and ASPIRE (Advancing Sustainability through Powered Infrastructure for Roadway Electrification), an NSF-funded engineering research center, are launching a joint demonstration project. Utah test track.

Utah 195
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Foretellix closes $32M Series B round; testing and verification of automated driving systems

Green Car Congress

The round was led by MoreTech Ventures, with participation from several strategic investors, including Volvo Group Venture Capital, Nationwide, NI and Japan-Israel High Tech Ventures. Foretellix is now commercially engaged with dozens of the largest names in the automotive industry, including Volvo Group and DENSO Corporation.

Volvo 186
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Daimler first automotive company to test UBQ’s climate-positive thermoplastic material in auto parts

Green Car Congress

Daimler chose to partner with UBQ through Plug and Play’s Startup Autobahn, an innovation platform that connects emerging technologies to pilot opportunities with multinational corporations. 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
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Karamba Security raises $10M in new funding; round led by VinFast

Green Car Congress

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. Karamba Security provides cybersecurity solutions that secure a device’s entire lifecycle without interference of R&D or supply chain processes.

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Intel acquires Moovit for $900M; accelerating Mobileye’s Mobility-as-a-Service offering

Green Car Congress

Intel Corporation today has acquired Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain). Moovit was founded in 2012 and is based in Tel Aviv, Israel, with approximately 200 employees. Intel acquired Mobileye in 2017.

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Qualcomm to procure Israeli chipmaker Autotalks

Baua Electric

Chip fashion designer Qualcomm will purchase Israel’s Autotalks because the U.S. corporate seems to deepen its car industry, Qualcomm stated in a commentary. Qualcomm had stated latter era that its car industry “pipeline” had larger to $30 billion, up greater than $10 billion since a statement in past due July.

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Israeli startups display self sustaining riding, sensors era at EcoMotion

Baua Electric

TEL AVIV, Israel — Israeli car era startups hoping to reflect the luck of Mobileye showcased their inventions for challenge capitalists, automakers and Tier 1 providers right here at the once a year EcoMotion Occasion convention.

Insight 52