On a roll
The solar panels on a roll, manufactured by Israel’s Apollo Power (see previously) have been independently tested and certified as safe for US and European use. It also allows them to connect to the Israeli electrical grid. Apollo has just done a deal with a Turkish company to fit panels on the top of buses and trucks.
Accelerating Israeli & US SEAL veterans
Traditionally, US and Israeli navy SEALs find work in security after finishing military service. Now the Israeli startup accelerator Version Bravo has been established, to help former special operators take their military leadership and decision-making skills into the business world.
New metro line approved
Israel has approved the 26km, 22 stations, M2 east-west Metro Line. The line will pass through nine local authorities from Petah Tikva in the east, via Givat Shmuel, Bnei Brak, Givatayim, and Central Tel Aviv, to Holon near Wolfson Hospital.
Air taxi test flight over Jerusalem
Dronery, a subsidiary of Israeli company Cando Drones (see previously) has conducted a test flight of its air taxi at Jerusalem’s Hadassah Medical Center in Ein Kerem as part of the Israel National Drone Initiative (INDI).
New Israeli airline
Israel has approved a new low-cost commercial airline, dubbed “Air Haifa” to operate from Haifa airport on short-haul flights to Eilat, Cyprus, Greece, and Turkey. Haifa Airport resumed international flights in June after a four-year gap.
Unemployment at new low
Israel's unemployment rate fell to 3.1% in August 2023 from 3.4% in July. It is the lowest rate since the current method of measuring unemployment was introduced in 2012.
The hub of an economic corridor
Global leaders at the G20 summit in New Delhi announced a multinational rail and ports deal linking the Middle East and South Asia. Israel’s railways and ports will open a new gateway from India, through the Middle East, to and from Europe via Jordan, Saudi Arabia, and the UAE.
Remote diagnostics for Japan
Japan’s insurance provider, Sompo, has teamed up with Israel’s TytoCare (see previously) to deploy the Israeli AI remote diagnostic devices in 300+ nursing homes and hundreds of care centers servicing the elderly in Japan. The deal is one of many since Sompo established Digital Lab Tel Aviv.
Investment in Israeli startups to 20/9/23
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Exits, takeovers & mergers to 20/9/23
US-based Tenable has acquired Israel’s for .
US-based MDA has acquired Israel’s Space Systems subsidiary for .
Israel’s has Israel’s .