Israel Active

Israel’s largest health & beauty retailer Super-Pharm is partnering Israel’s Fabric (see ) to use its small, robotized fulfilment facilities in city centers. It follows a 2019 pilot by Super-Pharm in Tel Aviv, to process online orders for same-day delivery.

Israel’s Lili provides digital banking services for small businesses and freelancers in the U.S (see for another). Lili has doubled its number of clients to 200,000 over the past six months. It has just raised $55 million and plans to hire 50 more employees, mostly in Israel.

Israel’s Polytex Technologies (see previously) has accelerated its marketing in Spain, with new installations in Tarragona, Navarra, Barcelona and Madrid. Polytex’s hands-free automated workwear solution fights contamination, protects workers’ health, cuts costs, and maximizes efficiency.

Israel’s Elbit has acquired Jerusalem-based Rokar International Ltd from the U.S. headquartered subsidiary of BAE (British Aerospace) Systems plc – for approximately $31 million.

Israel’s REE Automotive has extended its partnership with Toyota subsidiary Hino Motors (see in 2019) to include electric commercial vehicles for transporting people and goods.  REE is also partnering French self-driving systems company Navya to develop a level 4 autonomous vehicle system.

Israel’s Foreign Minister and Economy Minister are shortly to fly to Seoul to sign Israel’s first Free Trade Agreement (FTA) with an East Asian country and meet Korean business leaders. The FTA cancels customs duty on all Korean imports and will boost Israeli exports to Korea.

Israel’s Tefen consultancy group (see ), led by Mally Bitzur-Parnes, is to Project Manage the building of an industrial zone in Dubai where the factories will be operated by robots with almost no human contact. Tefen is also bidding on a tender for the construction of a new airport in Dubai.

US chip giant, Intel is to invest $600 million into MobilEye - its Israeli autonomous vehicle hi-tech company. Intel is the largest private-sector employer in Israel.

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Migdal Insurance, Israel’s largest insurance company and pension manager is to invest up to $355 million in Israeli renewable energy company Doral Energy (see ). It includes $110 million for a 20% stake in Doral, $100 million for Doral’s Indiana solar project and $130 million of credit.