Globes – Israel’s auto-tech startups move up a gear
In the wake of the Mobileye exit, "Globes" reviews the candidates for the next major auto-tech acquisition.
Attitudes of investors to Israel’s auto-tech industry can be divided into two eras – before Intel’s $15.3 billion acquisition of driverless car systems developer Mobileye (NYSE: MBLY), and after. Long before Mobileye’s exit, Israeli auto-tech companies were on the radar of global investors. Scouts seeking technologies in this sector have been here for nearly four years. Their search became more intensive after Mobileye’s IPO on Wall Street and Google’s $1 billion acquisition of traffic navigation app Waze, as well as the rapid penetration of Gett (formerly GetTaxi) and its rivals into the world taxi market.