Israel Active

Israel’s EVR Motors (see previously) is to manufacture light-weight electric motors for India’s Badve’s 2-wheeler and 3-wheeler electric vehicles. Badve’s EV President stated, “This partnership is in line with our core vision of sustainability and net zero emissions through green mobility.”

Israel’s Saffron Tech (see previously) has opened a NIS 1.5 million Research & Development center in Moshav Mavki’im, north of Gaza. Saffron Tech expects to open its first commercial plant next year.

Israel’s TetaVi (see previously) has partnered with the National Hockey League’s (NHL) LA Kings to bring thrilling 3D experiences to the ice. The LA Kings are the first team in the NHL to use volumetric capture technology to create immersive content and experiences for their fans.

Jared Kushner’s Affinity Partners private-equity fund has raised over $3 billion and has reportedly already selected the first two Israeli firms to invest in. The fund includes a $2 billion commitment from Saudi Arabia’s sovereign-wealth fund.

Israel’s Percepto (see previously) is implementing what it calls “the largest commercial autonomous drone project in the world”. In Phase 1, it will deploy 13 drones to monitor power plants at Florida Power & Light, increasing to hundreds more drones in the next 5 years.

Israel Aerospace Industries is to supply the Philippine Navy with IAI’s Alpha 3D radar systems. The deal was concluded thanks to IAI’s partnership with Hyundai Heavy Industries.

The Israeli government is offering substantial grants and opportunities for companies that can deliver technologies and products to streamline the construction process and transform building sites. It includes new methods, materials, automation, robotics, and waste reduction.

Israel is to provide about NIS 500 million to support urban renewal initiatives in 12 Israeli cities. It will benefit Ashdod, Bet Shemesh, Bat Yam, Givatayim, Hadera, Haifa, Jerusalem, Lod, Netanya, Kiryat Ono, Kiryat Yam, and Ramat Gan. Municipalities now must submit appropriate plans.

The EIT Hub Israel (see previously), which bridges the Israeli and European tech ecosystems, has selected 6 Israeli & 7 European startups to take part in its scale-up program. Calling2Scale is a project that helps firms with working products to reach global markets through grants and industry connections.

Credit rating agency Standard & Poor’s (S&P) has kept Israel’s favorable rating unchanged at AA- with a “stable” outlook. It cited Israel’s strong 2021 performance, a robust economy, and fiscal outturns that helped “net general government debt fall below its pre-pandemic level more quickly,”