International automakers BMW, Hyundai, the allied Renault, Nissan and Mitsubishi brands, jet-maker Lear, and others have invested $100 million into an Israel-based mobility fund.
Israel’s Maniv Mobility is a venture capital firm which invests in start-ups with innovative technologies that have the potential to shape or disrupt the mobility market, ranging from autonomous technologies and digital and electric mobility platforms, to data and connectivity technologies.
This is Maniv Mobility’s second venture funding round, and other funders include LG Electronics, Shell Ventures, Valeo, Carasso Motors, Deutsche Bahn Digital Ventures, LG Electronics, and Valeo.
Maniv has invested in 27 companies including Upstream Securities, Hailo Technologies, Nauto, Otonomo, Phantom Auto, Revel Transit Oryx Vision and Arbe Robotics.
Michael Granoff, managing partner at Maniv said: “Maniv evolved organically out of a need to bridge between innovative tech ecosystems and the global automotive industry in order to enable safer, cleaner, more convenient, less expensive and more accessible mobility to all.”