“The world’s leading company in autonomous driving, driverless cars of the future, is an Israeli company called Mobileye,” said Israeli entrepreneur Jon Medved, founder and CEO of the Jerusalem-based OurCrowd venture capital group. “Autonomous driving is not just science fiction. It’s real,” Medved told CBN News. Read more on CBN News...
Read MoreThere are another seven Israeli companies in this sector and of these the major candidate for a big exit is Argus Cyber Security, which provides comprehensive cyber security solutions for critical automotive systems, like braking, steering and communications, which are integrated into the production lines of various vehicles. If the magic touch of some of Argus’s investors like Zohar Zisapel and Gil Agmon is anything to go by, then the come is likely to attract a big spending buyer. Read more on Globes...
Read MoreArgus Cyber Security, based in Tel Aviv, in January announced a partnership with Qualcomm Technologies to protect cars from hackers. Otonomo Technologies, a data platform that tells users when to stop driving due to a malfunction and can call emergency services when there is an accident, is working with nine car manufacturers, including Daimler. Aquarius Engines, which has designed and developed an engine to generate electric power, is working with Peugeot SA and three other automobile companies. Read more on TechCentral...
Read MoreSelf-driven car rental start-up Zoomcar on Wednesday said it will ramp up its fleet with marketplace model branded as ZAP and plans to hive-off its own existing cars over the next 6-12 months. “We have around 2000 company owned cars out of a fleet size of 3000 vehicles across 17 cities in India. With ZAP model, we aim to increase the cars under marketplace model to 80 per cent by December 2017,” said Zoomcar CEO Greg Moran. Read more on The Economic Times here....
Read MoreIsrael’s emergence as a center for automotive technology got a vote of confidence on Monday when Intel Corp. said it would pay $15 billion for Mobileye NV, a Jerusalem-based maker of chips and software for driverless cars. It will be the largest takeover of an Israeli tech firm and follows a series of deals and partnerships inked in recent years by major tech and auto companies. “The deal proves in a dramatic manner that our vision is coming true. Israel is becoming a global technology center, not only in cyber, but also in the automotive area,” Prime Minister Benjamin Netanyahu said in a text message. Israel had already singled out the automotive technology sector as a possible economic boon, allotting it 250 million shekels ($68 million) for the next five years. Read more on Bloomberg Technology...
Read More
