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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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Porsche increases investment in start-ups by €150M; innovative business models in the field of mobility

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Porsche has always been among the pioneers of the automotive industry. —Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT at Porsche AG. The total value of the financing round is US$80 million. With this in mind, it is essential that we build a strong ecosystem with competent partners.

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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. This is the third pilot agreement the company has entered into with leading Chinese car manufacturers in recent months.

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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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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

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Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project.

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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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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. Together with partners and customers, Intel and Mobileye expect to deliver driving solutions that will transform the automotive industry.

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