Two months ago I visited Mobileye, Brightway, and some other very successful high-tech start-up companies in Israel. I was impressed by their dynamism and their deep know-how about lighting and driver assistance systems.
Mobileye, in their brand new 6-storey high-tech facility, projected great confidence and a firm ambition for growth.
Brightway showed the same bullish attitude supported by their unique advanced innovations in night and bad weather vision systems.
About 350 startups, according to IVC Research Center are dedicated to the automotive business, primarily driven by an abundance of young engineers, entrepreneurs and scientists with advanced skills in software.
“Israel is becoming an important hub for automotive and personal mobility future technologies,” said a GM innovation manager. Like the West Coast of the U.S., the small Mediterranean country has become a major recruiting ground for digital and software talent. Global automakers, including Ford, Daimler, Renault, Nissan, and China’s SAIC, have opened technical centers in the country.
Tens of millions of Euros’ worth of investment went into the automotive technology sector in Israel in 2016, and that amount is increasing rapidly.
For now, find more in this week’s news. You’ll see more soon; we’ll publish a report on Israeli startups in September, and we’re studying the possibility of organising an event there to help DVN members establish new contacts with the most promising Israeli startups.
DVN Editor in Chief