Israel Active

(previously ClimaCell) raised ; raised ; raised ;

Israel’s is merging with US-based Desktop Metal in a deal valued at around . Stratasys shareholders will hold 59% of the combined company.

Israelimall is a new online platform where small Israeli companies sell their products to the English-speaking community. Customers in the USA and Canada can buy Israeli products, and pay in dollars, with low shipping costs. From unique Judaica, natural cosmetics to new innovative products.

JP Morgan, one of the world's largest banks, is expanding its operations in Israel and entering the commercial banking sector for high-tech companies for the first time. It will focus on helping late-stage high-tech companies raise capital, increase liquidity, and manage payments.

Swiss-Israeli fintech Okoora has introduced its new AI-driven platform, Automatic Business Currency Management (ABCM) to simplify global payments, banking, and risk management. Okoora‘s 7,000+ business customers process low flat fee global payments in more than 100 currencies.

Eshkol Power ENergies has bought the 1,680-megawatt Eshkol natural gas power plant in Ashdod from public-owned Israel Electric for over NIS 12 billion. Part of the proceeds will be used to reduce electricity prices. It is the IEC’s 4th sale, to encourage competition in the energy sector.

The Israel Innovation Authority has selected Israel’s YDLabs to establish microorganism fermentation labs for the Israeli food-tech industry. The IIA will also invest up to $14 million in fermentation infrastructure so that all Israeli companies can develop and manufacture their food-tech products.

A new Israeli initiative will allocate 15 million shekels over five years to each of five innovation centers in the country’s periphery to encourage entrepreneurship in agriculture, food, energy, and climate tech. Each center will promote local innovation, training and employment.

A 68 billion cubic meter natural gas deposit discovered last year has been officially recognized as Israel’s 4th largest gas reserve. Katlan (also known as Olympus) is located between existing fields Karish and Tanin and will now be developed for supplying gas to Israel, Egypt, and Europe.

Israel’s Tevel Aerobotics (see previously) has won its first order in South America. International fruit producing giant Unifrutti is using Tevel’s drones to pick apples in Linares, Chile.  Great video.