Monthly Archives: July 2023

Putting a $150 million fizz into Lemonade

Posted on July 9, 2023

US venture capital fund General Catalyst is to finance 80% of the cost of acquiring new customers for Israeli insurtech company Lemonade – approximately $150 million. In return, the US company will receive 16% of the premiums generated from the … Continue reading →

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Tel Aviv light railway gets funded

Posted on July 9, 2023

HSBC (UK) and Leumi (Israel) are providing $1.1 billion of finance for Tel Aviv’s light railway. The 46 stations, 18-mile-long Purple Line will connect central Tel Aviv to Yehud, Kiryat Ono, Ramat Gan, Givatayim, Bar Ilan University, Sheba Medical Center, … Continue reading →

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El Al – Delta agreement for better connections

Posted on July 9, 2023

El Al Israel Air Lines and Delta Air Lines have announced a “strategic partnership” that they say will make traveling easier for passengers flying between Israel and the United States. It offers more flights, convenient connections, reciprocal air miles and … Continue reading →

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Tel Aviv to Reykjavik flights

Posted on July 9, 2023

Icelandic flag carrier Icelandair has launched Tel Aviv – Reykjavik flights. The new seasonal service will operate on Weds, Fri, and Sun until end-Oct. Estimated flight time is seven hours. There is a high demand from Israeli tourists wanting to … Continue reading →

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Interest on current accounts

Posted on July 9, 2023

Two Israeli banks are to pay interest to customers with credit balances in their current accounts.  Bank Leumi has many conditions, but Bank Mizrahi Tefahot will pay 2% on balances up to NIS 25,000 provided the customer has at least … Continue reading →

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158-mile optic fiber cable for communications hub

Posted on July 9, 2023

Israel will build a 254-kilometer (158 mile) fiber-optic cable between the Ashkelon and Eilat. It will position Israel as a communication land bridge connecting the Gulf countries and Asia to Europe. https://www.ynetnews.com/business/article/bkfng56ph

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93-mile undersea cable for solar energy

Posted on July 9, 2023

Israel has begun planning a 150km (93-mile) subsea cable that will run along the Mediterranean coast from Ashkelon in the south to Haifa. It will transmit electricity from solar energy fields in southern Israel to the center and north. It … Continue reading →

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Revolutionary interior design for Peugeot EVs

Posted on July 9, 2023

Automobile manufacturer Peugeot has integrated the 3D Fashion Technology of Israel’s Stratasys (see here previously) into its new Inception Electric Vehicles. https://www.stratasys.com/uk/guide-to-3d-printing/technologies-and-materials/3dfashion-tech-style/ https://investors.stratasys.com/news-events/press-releases/detail/830/peugeot-drives-new-revolution-in-car-interior-design-with https://videos.stratasys.com/watch/WAykUxkdho8y5uNAT9xBaz?

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Building the first electric road in Norway

Posted on July 9, 2023

Israel’s Electreon (see here previously) won the sole tender of Norway’s Transportation Authority of Trøndelag County, for an electric road to charge a bus wirelessly. It will be evaluated for the unique geographic and climatic conditions of Trondheim. https://ir.electreon.com/news-events/press-releases/detail/38/electreon-wins-the-first-electric-road-tender-in-norway

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No sweat

Posted on July 9, 2023

Israel’s Yopi (Your Online Personal Instructor) Technologies has developed a wristband sweat analyzer that uses biosensors and AI to track an individual’s health in real time. It measures oxygen consumption (VO₂) to assess the condition of the arteries and is … Continue reading →

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