Porsche feels its way into Israel auto technology
As reported previously Israel’s Tactile Mobility develops software that allows cars to “feel” the road. German car maker Porsche has made several Israeli investments and has now made another, leading a $9 million funding round into Tactile.
Tech for Jaguar-Land Rover
Jaguar Land-Rover is partnering with Israeli startup Fleetonomy to launch JLR’s new premium electric chauffeur service Havn. Fleetonomy’s AI fleet management mobility technology is behind the new up-market smartphone app ride request for a Jaguar I-PACE taxi.
Helping “Americanize” Israeli products
Newsletter subscriber Nurit Greenger’s latest article describes the work of Fusion LA - the first Los-Angeles based education accelerator for Israeli startups. Its goal is to commercialize their products with investment, office space, mentoring and networking opportunities.
Can I help you?
Israeli startup Mmuze (pronounced “muse”) brings the advantages of a knowledgeable in-store representative to online retailers. Its artificial intelligence and NLU (Natural Language Understanding) generate a virtual shopping assistant, using text, voice, or chat (or a combination) on smartphone or desktop.
Israel’s special sauce
Jon Medved, CEO of Israel’s OurCrowd, discusses the success of his crowdsourcing company and explains why he believes Israeli food tech companies to be a big investment opportunity. He also recommends Israeli startups that aim to transform traditional industries.
Education council grant inspires university entrepreneurs
The NIS 6 million from Israel’s Council of Higher Education to establish the Yazamut 360° center for entrepreneurship at Ben-Gurion University has led to 60 proposed new student startups. Nine of these have now signed formal business agreements.
34 years of economic co-operation
More than 80 officials gathered at the US Department of State for the 34th US-Israel Joint Economic Development Group. They discussed risk management for foreign investments; women’s economic empowerment; quantum information science, artificial-intelligence research and more.
September tourism skyrockets
Some 405,000 tourists visited Israel in September 2019, 44% more than in September 2018. Between January and September 2019, nearly 3.3 million tourist entries were recorded, compared to 2.9 million in the same period last year, an increase of 13%.
Eco-friendly Pepsi and 7 Up
The first fruits of PepsiCo’s $3.2 billion purchase of Israel’s Sodastream are about to bubble through. Sodastream is to manufacture concentrates for 10 of PepsiCo’s most popular soft drink brands. The savings are mainly environmental - a reduction in the use of disposable plastic bottles.
Toyota likes new Israeli wheels
As reported previously Israel’s REE Automotive enables a vehicle’s drive components to be fully integrated into a wheel, known as a FlatFormer, improving stability, space and energy efficiency. Toyota Group’s truck subsidiary Hino Motors is now using REE’s technology for its electric trucks.