Globes – Foreign investors scouting for Israeli smart car tech
Venture capital is flowing into Israel in search of automotive technological developments and the next Mobileye.
The Israeli auto industry cauldron is bubbling and boiling. This does not refer to the local car market, which is still lively, even after January’s unprecedented wave of deliveries. The real action is in smart car technology companies and ventures. No month passes without new business and technology announcements in Israel and worldwide. The volume of venture capital now flowing into Israel in search of automotive technology instruments – even at the seed stage – is something that has not been seen here since the Internet bubble days in 2000. The hunger is being fed by the dizzying rate at which established Israeli auto-tech companies are penetrating the global auto industry.