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Electric powertrain company IRP Systems raises $17M in Series B

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Israel-based IRP Systems , a provider of electric powertrain products, raised $17 million in Series B funding. The company’s global customer base includes top automotive and micro-mobility manufacturers. IRP Systems was originally founded as an aerospace powertrain company by Paul and Moran Price.

Companies 277
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Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, launches electric road pilot

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Tel Aviv-Yafo Municipality, in partnership with ElectReon and Dan Bus Company, has launched a pilot project to install wireless electric roads for charging public transportation in the city. Electric road construction in Tel Aviv. Credit: Tel Aviv-Yafo Municipality.

Companies 341
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Honda R&D partners with new smart mobility innovation center DRIVE in Israel

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is partnering with DRIVE, a new smart mobility innovation center that today in Tel Aviv, Israel. Israel is home to more than 5,000 startups and 750 venture-capital-backed companies. Also supporting the DRIVE initiative with Honda are sponsors Hertz Rent a Car International, Israeli telematics company Ituran and Volvo Cars.

Israel 218
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Volkswagen, Mobileye and Champion Motors to commercialize mobility-as-a-service with self-driving EVs in Israel

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Volkswagen Group, Mobileye and Champion Motors plan to commercialize Mobility-as-a-Service (MaaS) with self-driving electric vehicles in Israel. Operating as “New Mobility in Israel,” the group’s proposal was formally accepted by the Israeli government during a private ceremony at the Smart Mobility Summit 2018 in Tel Aviv.

Israel 220
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ATP making strategic expansion into deepwater Israel

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ATP Oil & Gas Corporation, an international offshore oil and gas development and production company with operations in the Gulf of Mexico and the North Sea, is expanding its deepwater operating and infrastructure expertise to offshore Israel. Paul Bulmahn, Chairman and CEO. In December 2010, Texas-based Noble Energy, Inc.

Israel 186
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EV battery swap company Better Place files for liquidation

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Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. We have come a long way in order to bring about a global vision.

Companies 286
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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

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Better Place CEO Evan Thornley, who took over in October 2012 ago after the departure of founding CEO Shai Agassi ( earlier post ), is now out, according to the company. Thornley presented the plan to the board of Israel Corporation, Better Place’s controlling shareholder, in December.

Israel 231