Air pollution on the roads and the preparation for the transition to electric vehicles/state auditor
Traffic jams, accidents, load on infrastructure, air pollution and loss of hours, are just some of the transportation problems faced by countries and vehicle, boat and air manufacturers from around the world, which cost the global economy tens of billions of dollars a year.
The solutions come in the form of the "smart transportation" market, which according to the Statista website globally stood at about 120 billion dollars in 2023, and according to the market research company Precedence Research is expected to stand at about 381 billion dollars by 2032 - an increase of about 13.3% per year .
Smart transportation encompasses everything designed to improve and optimize issues related to transportation and includes, among other things, electric vehicles, alternative fuel, drones, apps that optimize the use of transportation, energy and sustainability options, etc.
The global transportation services market, in which smart transportation operates, was approximately 7.31 trillion dollars in 2022 and the introduction of electric vehicles and other propulsion options are expected to increase it.
According to the latest report by the international consulting company 'McKinsey' on the subject, for example, the field of electric vehicles in North America alone is expected to grow by hundreds of percent by the end of the decade, reaching sales of approximately 40 million vehicles per year.
Much innovation in the field comes from Israel, and according to Investors in the local Tech swamp, voila! Money continues to introduce you to the owners of the century. This time - the Israeli Mobilion Fund, which leads fundraising in smart transportation startups.
Mobilion Foundation team/Dima Kraminsky
Fund manager:
Avi Feldman, founder and managing partner
When it started operating:
2020
Location of the fund's offices:
Rosh Ha'Ein
Value of managed assets:
about 20 million dollars.
The fund is currently in the process of raising about 100 million dollars for a second fund.
The type and nature of the investors in the fund:
Nexus Automotive, Mitsubishi Corp, Borg Warner, Phinia, and corporations from the automotive world, operating vehicle fleets from Israel, Asia and Latin America, and auto parts manufacturers (Tier1).
Areas of investment:
smart transportation, Sustainable Mobility, transportation in smart cities, energy, logistics, insurance and fintech for the automotive world, and drones.
The stage of the companies in which it invests:
SEED, A.
The range of the average check:
250 thousand dollars to 1.5 million dollars (with the end of the current fundraising the fund intends to expand the range).
The amount of the fund's investments so far:
about 12 companies, of which 9 are Israeli and 3 are foreign.
Among the companies she invested in:
RideVision, Click-ins, Carteav, Capow, Clearly, Algolion, Silib.
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The fund's forecast for 2024:
"The security situation, which, in addition to the conditions of the investment environment that preceded it during 2023, make 2024 a challenging year for raising capital for the local high-tech. The key to the success of this challenging period, in our view, is through immediate proof of value in the target markets.
" Focusing on the fields of auto-tech and mobility, it is evident that the international players, whether they are on the production side of vehicles or whether they are on the side of operating fleets and providing services, continue to look for solutions of tangible value to real problems, and especially those that they can implement already today.
"We believe that the start-up companies that bring solutions that meet these criteria, and especially those that are able to develop the collaborations with the leading international players in order to create marketing, distribution and sales channels in the target markets, will also succeed in raising investments and moving forward.
"At the same time, it should be noted that in light of the expected challenges for the young companies, there is an expectation that the government will continue to develop growth engines for the economy by initiating aid tracks and grants for the local innovation industry, especially for startups in the early stages.
"In order to do this correctly and efficiently, it is appropriate for the government to work hand in hand with the capital funds The local risk to find financing solutions for the interim period of the coming year."
Traffic jams.
"It is appropriate for the government to work hand in hand with the local venture capital funds to find financing solutions for the interim period of the coming year"/Reuven Castro, Reuven Castro
The managing partner, Baishi:
founded the Center for Regional Development and Innovation at the Ministry of the Economy (today the Ministry of Economy) and served as the center's first director. Before that, he served as the legal advisor to the chief scientist, and as senior deputy to the legal advisor of the ministry.
Feldman has an LL.M degree from the Hebrew University of Jerusalem and EMPA from Syracuse University in New York, and his connection to the world of transportation dates back to the time when he and his father repaired a Sosita van together, which became the first vehicle he drove.
He manages the fund together with his partners: Eyal Zebida, owner and chairman of the Zebida Group, Gal Escrib , founder and CEO of Nexus, and Dr. Anat Bonstein, former head of the Smart Transportation Administration at the Prime Minister's Office.
Before founding Mobilion, he served as the CEO of the investment company "Capital Nature", which focuses on technologies in the fields of green energy and smart transportation, and his main expertise is in building investment partnerships with international companies from the energy and automotive worlds, and bringing them into operation in Israel.
More on the same topic:
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start up
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