Israel Active

In the last two weeks, Israel’s Gilat Satellite Networks has won eight orders for its technology worth nearly $50 million.  They include from the US Department of Defense, the US Army, and an order for a public WiFi service that will give Internet access to thousands of people in rural Latin America.

Israel’s SolarEdge has acquired Israel’s Wevo Energy. Wevo manages and optimizes EV charging sites with large quantities of EV chargers such as apartment buildings, workplace car parks and public charging locations across North America, Europe and the Middle East.

Montreal-based Air Canada is restarting flights to Tel Aviv. It initially will have four nonstop return flights a week from Toronto, and then in May, replace one with a nonstop return flight from Montreal. Ryanair resumes flights to Israel on Jun 2, the day after Ben Gurion Airport Terminal 1 re-opens.

Last year, Azerbaijan made history by becoming the first Shi’ite Muslim country to open an embassy in Israel. Azerbaijan Airlines operates 9 weekly direct flights from Baku to Tel Aviv. Azerbaijan was one of 12 countries represented at the Tel Aviv Tourism Exhibition (Apr 3-4).

Two finance industry leaders are positive about Israel’s hi-tech prospects. Firstly, from Dell Technologies Capital, and secondly from lool Ventures.

Another social impact fund has been established to assist startups struggling for cash because of the war. A joint venture between the Southern Israel Bridging Fund (SIBF), the Rashi Foundation, and ICA in Israel, will invest $4m in startups developing tech that benefits society.

Despite 15% of employees in the IDF reserves, plus air travel restrictions, most Israeli startups continue to thrive. Startup Nation Central reports that 220 investments since Oct 7 raised some $3.1billion. March’s $822m exceeded Jan + Feb. Plus, 20 new Israeli venture capital funds raised $1.7bn.

Israel’s C2A Security is to supply its EVSec cybersecurity platform to Daimler Trucks.  C2A’s CEO said it was "one of the most significant product security deals that was done in the industry". Also, in 2023 C2A sold its platform to BMW Group, Marelli, NTT Data, Siemens, and Valeo.

raised ; raised ; raised ;

Israel’s Adama (see previously) has launched a new early-stage multi-crop cereal fungicide in Europe. Forapro protects crops such as wheat and barley from common fungal diseases including Powdery Mildew, Septoria, and Yellow Rust.  It is highly absorbent, fast-acting, and cost-effective.