Israel Active

1,200 Israeli companies are working in “PLANETech” - which covers ag-tech, food-tech, water-tech, and clean-tech – including over half since the year 2000. Israeli focus is on clean energy, smart agriculture, and sustainable mobility. The rapid growth areas are alternative proteins and green construction.

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Online retail giant Amazon has re-introduced free delivery to Israel on many items at the low threshold of $49.  They also allow Israelis to split up multiple purchases into separate packages, to avoid paying the VAT that the Israeli tax authority imposes on orders over $75.

Israeli Venture Capital TLV Partners firm has launched its fourth fund to back new Israeli ventures. This latest fund is its largest yet - $220 million, plus an additional $100 million to support some of its 45 existing portfolio hi-tech companies and founders.

Despite the many holidays, Israeli startups raised over $2.2 billion in September. Israeli tech companies have now raised $17.5 billion in the first nine months of 2021, already far above the record $10 billion raised in all of 2020.

Israeli exports of goods and services rose 24% in the first half of 2021 to $67.6 billion compared to the same period in 2020. Exports rose an unprecedented 38% in the second quarter.

The smart glass technology of Israel’s Gauzy (see previously) has been integrated into the headlights of the new BMWi Vision Circular electric vehicle. Meanwhile, LG’s new OLED panel uses Gauzy’s tech for dynamic displays on public transportation vehicles.

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Israel’s Trigo Vision (see previously) is piloting its grab-and-go, checkout-free shopping technology in the Netherlands with German-owned supermarket chain Aldi. Trigo’s technology will power a 400-square-meter Aldi Nord grocery store in Utrecht.

Israeli cybersecurity Guardicore (see previously) protects companies from hackers that demand a huge ransom to release control of their systems. Guardicore itself has now been “captured” by US cybersecurity giant Akamai Technologies for the grand total of $600 million.