Maniv Mobility is helping to expedite the new age of advanced transportation technology, including safety, business model innovation, and vehicle autonomy (''driverless cars''). They believe that in the 21st century, the public should not have to endure the daily tragedy of automotive fatalities, the frustration and productivity loss of traffic congestion, and the polluted air and public space that slow-moving and parked cars bring to their urban centers. In the last 20 years technology has made information and communication ubiquitous and close to free. In the next 20 it will do the same for mobility. They work with start-up companies, entrepreneurs, financiers and others to overcome the hurdles that will herald a grand new age.

Maniv Mobility

MizMaa Ventures is a principal investment firm that specializes in investments in technology companies in Israel.

MizMaa Ventures

Expansion Venture Capital, is a venture capital firm focused in early and growth stage companies. Located in New York City, EVC was founded by brothers, Joseph and Ryan Melohn.   EVC’s team is comprised of entrepreneurs. Fifteen years of combined experience has enabled EVC to help build great companies across the US.  As entrepreneurs, “we have been in their shoes and speak the same language”.  We pride ourselves on being available for our teams of entrepreneurs 24/7. We work side by side with them, providing intellectual capital and assistance in any way we can. From mentorship to business development, raising capital, getting the right press, are some of the ways “we work for you”. When one of our founders have a question we want to be the first place they turn. Their success is our success!  We are founder friendly! “Entrepreneurs, not VCs, build great companies”

Expansion Venture Capital

Trucks Venture Capital funds the entrepreneurs building the future of transportation.

Trucks Venture Capital

FM Capital pursues early and growth-stage companies with disruptive technologies that transform the auto-mobility business.

FM Capital

TA Ventures is a network-driven VC firm investing in early-stage tech startups shaping the industries of tomorrow, primarily across Europe and North America. Our typical initial check for Pre-Seed and Seed companies is $100-250k. TA Ventures also provides follow-on investments. We offer speed of execution, proactive support, and access to a broad international network. Drawing upon our network, we support our portfolio companies by proactively soliciting large, growth-minded co-investors in subsequent rounds. We utilize our industry knowledge and network to give portfolio companies and partner VCs access to highly skilled and cost-effective R&D outsourcing teams in Central and Eastern Europe.

TA Ventures

LG Technology Ventures was established in 2018 and is the venture capital investment arm of the LG Group of South Korea. The LG Technology Ventures team consists of experienced investors, entrepreneurs, technologists, and industry domain experts. Currently, LG Technology Ventures is managing over $400 million of fund assets and invests in early-stage information technology, automotive, manufacturing, life sciences, energy, and advanced materials companies. They strive to create value for their portfolio companies by helping them develop strategic partnerships with various LG Companies.

LG Technology Ventures

Toyota Tsusho Group is a trading company that provides manufactures and sells a range of steel goods. Warehousing, logistics services among other things, are provided by the Global Parts and Logistics business. Selling auto components, importing and exporting secondhand cars and their parts, and other activities are all part of the automotive division. The section responsible for the Machinery, Energy and Plant Project offers mechanical devices, different industrial machinery, petroleum products, and other things. Semiconductors, electronic devices, software, chemicals, resins, and other products are offered by the Chemical and Electronics Division.

Toyota Tsusho

UL Ventures is the venture investment and acceleration arm of UL.  UL is a premier global independent safety science company that has championed progress for more than 120 years. Its 14,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain.

UL Ventures

Porsche Automobil Holding SE (''Porsche SE'') is a listed holding company. The holding was founded in 2007. In particular, it holds the majority of the ordinary shares in the Volkswagen Group, one of the world's leading automobile manufacturers. The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. In addition to this anchor shareholding, Porsche SE intends to make further strategic investments along the automotive value chain. This comprises the entire spectrum of basic technologies geared to supporting the development and production process through to vehicle- and mobility-related services. As a consequence, Porsche SE holds almost 100 percent in PTV Planung Transport Verkehr AG (”PTV AG”), Karlsruhe/Germany, a provider of software for traffic planning and traffic management as well as transport logistics. Additionally, Porsche SE has minority stakes in the US-technology company INRIX Inc., Kirkland, Washington/USA (”INRIX”) and in the two 3D printing specialists Markforged Inc., Watertown, Massachusetts/USA (''Markforged”) and Seurat Technologies Inc., Wilmington/Massachusetts/USA (''Seurat Technologies'').

Porsche Automobil Holding

Moore Strategic Ventures is a privately held investment company. It specializes in the fields of financial services, venture capital, and finance.

Moore Strategic Ventures

Colmobil Here is Israel's leading automotive importer.

Colmobil Corporation

Aurora Labs

Aurora Labs is pioneering the use of AI and Software Intelligence to solve the challenge of automotive software development. Aurora Labs brings AI-based Vehicle Software Intelligence to the entire lifecycle of a vehicle from software development to testing, integration, quality control, continuous certification and on-the-road over-the-air software updates. Aurora Labs focuses on the embedded systems that are key to the development of the software-defined vehicle and enables automotive manufacturers to more efficiently manage software costs and the resources required to develop and manage new vehicle features and mobility services. The Company’s products have been adopted on customer platforms around the world, and with a commitment to conform and meet ISO-26262/ASIL-D and ASPICE-L2, will be in vehicles in coming car models. Aurora Labs, founded in 2016, has raised approximately $100m and has been granted 90 patents. The Company is headquartered in Tel Aviv, Israel, with offices in Germany, North Macedonia, the US, and Japan.

<div>Aurora Labs is an Israel-based startup that provides AI-powered software intelligence solutions to enhance the development, testing, and certification of automotive software. The company offers three main products: 1) Auto Detect, for detecting faults in software behavior and predicting downtime events; 2)Auto Validate, for validating effects of software updates on interrelated functions, systems, and electronic control units (ECUs); and 3) Auto Update, an over-the-air update solution for ECUs using standard protocols without reprogramming. The company's technology allows the collection of actionable data and provides an understanding of line-of-code software behavior, and streamlining the development process. The software platform can &ldquo;self-heal&rdquo; by using AI and machine learning to continuously monitor the software in the vehicle and detect any anomalies, issues, or cyber threats. As of June 2022, Aurora Labs held 90 patents.&nbsp;</div>

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

Aurora Labs LOCI - the first AI Advisor Engineer with advanced prompting capabilities for software development

Deutsche Telekom

To optimize Software Defined Vehicles (SDV), T-Systems and Aurora Labs integrate differential updates and robust OTA capabilities, enhancing automotive efficiency and user experience.

Companies providing software solutions for managing devices, and integrating external and internal systems for vehicles using internet connectivity

Infineon Technologies

To offer solutions that implement Aurora Labs’ Line-of-Code Intelligence (LOCI) AI technology on Infineon’s 32-bit TriCore AURIX TC4x family of microcontrollers (MCUs)

Deloitte

The partnership brings combined expertise and technology solutions to automotive companies as the industry is transitioning SW Management processes, products and regulations for software-defined vehicles.

Companies offering vehicle data capturing, analyzing, tracking, and mapping solutions

NTT Data

NTT DATA and Aurora Labs partner on software over-the-air (OTA) updates supported by AI and 5G connectivity

<div>
 
 Aurora Labs is an Israel-based startup that provides AI-powered software intelligence solutions to enhance the development, testing, and certification of automotive software. The company offers three main products: 1) Auto Detect, for detecting faults in software behavior and predicting downtime events; 2)Auto Validate, for validating effects of software updates on interrelated functions, systems, and electronic control units (ECUs); and 3) Auto Update, an over-the-air update solution for ECUs using standard protocols without reprogramming. The company's technology allows the collection of actionable data and provides an understanding of line-of-code software behavior, and streamlining the development process. The software platform can &ldquo;self-heal&rdquo; by using AI and machine learning to continuously monitor the software in the vehicle and detect any anomalies, issues, or cyber threats. As of June 2022, Aurora Labs held 90 patents.&nbsp;
 
 
 
 
 Aurora Labs has offices in Germany, Japan, Sweden, North Macedonia, the UK, and the US, and its products are being used by global automotive and device manufacturers.
 
 
 
 
 Key customers and partnerships
 
 
 Aurora Labs has product partnerships with companies, including IT company NTT Data, to provide OTA updates supported by 5G and AI (January 2023). It is also partnered with semiconductor manufacturer Infineon to jointly develop OTA update capabilities for Infineon&rsquo;s microcontrollers (January 2023) and management consultancy firm Deloitte on processes for software-defined vehicles (April 2023).
 
 
 
 
 Funding and financials
 
 
 In July 2022, Aurora Labs raised USD 63 million in Series C funding led by Moore Strategic Ventures to support the development and deployment of its AI-based vehicle software intelligence solutions.
 
 
 
</div>

<div>
 
 Aeva develops next-generation sensing and perception systems including 4D LiDAR-on-chip for autonomous vehicles and robotics. Its LiDAR sensors dubbed &ldquo;Aeries II&rdquo; are equipped with unique frequency modulated continuous wave (FMCW) 4D technology for high sensing capabilities and use a continuous laser. It can sense objects 500 meters away over a field of view (FoV) of 120 x 30 degrees. Aries II is powered by the company&rsquo;s proprietary 4D Perception software. Aeries II is reportedly the world&rsquo;s first LiDAR-on-chip silicon photonics design.&nbsp;
 
 
 
 
 The company launched Aeva Atlas, an automotive-grade 4D LiDAR sensor, 
 <a href="https://sp-edge.com/updates/25293">
 in January 2024.
 </a>
 It can sense objects 500 meters away over a field of FoV of 120 x 30 degrees. The company claims that Atlas is the first automotive-grade 4D LiDAR sensor for mass production in automotive applications. Atlas is powered by Aeva&rsquo;s proprietary Digital Signal Processing Software. The company claims the unit is 70% smaller and 4x more energy-efficient than the company&rsquo;s previous lidar solutions.
 
 
 
 
 Aeva sources product components from third-party vendors and assembles the final product in its assembly facility in San Francisco, California. However, since September 2021, the company has gradually shifted to a manufacturing model that solely relies on local and foreign third-party suppliers for both manufacturing and assembly. The company began shipping its LiDAR systems to strategic customers in mid-2022 and reported shipping 40+ units to customers by 
 <a href="https://sp-edge.com/updates/17245">
 December 2022
 </a>
 .
 
 
 
 
 Key customers and partnerships
 
 
 The company has entered into product collaborations with partners including automotive component manufacturers ZF Group (September 2020), Denso (January 2021), and Fabrinet (November 2021) to develop LiDAR systems for vehicles and Nikon to develop sensors for robotic factory production lines (August 2021).&nbsp;
 
 
 
 
 Avea has high-volume production deals with autonomous shuttle services provider May Mobility 
 <a href="https://sp-edge.com/updates/23631">
 (November 2023)
 </a>
 and an unnamed global automotive OEM 
 <a href="https://sp-edge.com/updates/25168">
 (January 2024).
 </a>
 
 
 
 
 Funding and financials
 
 
 Aeva generated revenue of USD 4.3 million and reported a non-GAAP operating loss of USD 124.1 million in the year ended December 2023. The company has been listed on NYSE since March 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 2.1 billion (November 2020).
 
 
 
 
 <a href="https://sp-edge.com/updates/23632">
 In November 2023,
 </a>
 the company raised USD 145 million via a combined private investment and preferred facility deal from existing long-term stockholders. The company intended to utilize the funds to enhance its standing with OEMs, and improve its ability to support various high-volume production programs, potentially increasing its prospects for securing additional contracts.
 
 
 
</div>

Aeva

<div>
 
 Israel-based Innoviz Technologies develops LiDAR sensors and perception software specifically catering to autonomous vehicles. Its LiDAR product portfolio includes 1) &ldquo;InnovizOne,&rdquo; a solid-state LiDAR sensor specifically designed for autonomous vehicles with a detection range of up to 250 m and field of view (FoV) of 115 x 25 degrees; 2) &ldquo;InnovizTwo,&rdquo; a next-gen automotive-grade LiDAR sensor with a detection range of up to 300 m and FoV of 120 x 40 degrees; and 3) &ldquo;Innoviz360,&rdquo; a 360-degree LiDAR sensor with a detection range up to 300 m and pitched toward automotive and non-automotive applications.&nbsp;
 
 
 The company&rsquo;s target market spans across the US, Europe, and Asia, and it had an order book worth USD 6.9 billion 
 <a href="https://sp-edge.com/updates/14444">
 as of September 2022.
 </a>
 As of February 2024, Innoviz Technologies had 18 of Innoviz&rsquo;s products protected by US patents.&nbsp;
 
 
 <a href="https://sp-edge.com/updates/26155">
 In January 2024,
 </a>
 Innoviz released a strategic realignment plan for its operations from Q1 2024, which included a reduction of its workforce by ~13% (about 60 employees) to lower expenses and enhance its financial longevity. This was to mainly consolidate expenditures by transitioning the InnovizOne program to series production and focusing on the InnovizTwo sensor and software suite.
 
 
 Key customers and partnerships
 
 
 Innoviz Technologies has entered product collaborations with partners including Curium, a developer of automated calibration services for autonomous systems (August 2021); Ansys, a provider of simulation software (January 2022); Visionary.ai, a developer of software-based image signal processor technology (June 2022); and Japan-based software company Kudan 
 <a href="https://sp-edge.com/updates/14117">
 (October 2022)
 </a>
 and Mobileye (as of February 2024) to obtain technology to be integrated with its LiDAR solutions.
 
 
 The company secured 15 pre-production orders and four series production customers as of September 2023. Its customers include Twinner, Whale Dynamics, Syracuse, BMW, 
 <a href="https://sp-edge.com/updates/12378">
 Volkswagen,
 </a>
 and Delphi Automotive&mdash;of which BMW and Volkswagen were among the series production customers.&nbsp;
 
 
 Funding and financials
 
 
 Innoviz Technologies generated revenue of USD 20.9 million and reported an operating loss of USD 132.6 million during the year ended December 2023. The company has been listed on the Nasdaq since April 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (December 2020).
 
 
 <a href="https://sp-edge.com/updates/20883">
 In August 2023,
 </a>
 Innoviz Technologies announced plans for a public offering to issue USD 60 million of its ordinary shares to underwriters so they can purchase up to an additional USD 9 million of ordinary shares. The company planned to use the funds raised for general corporate purposes.
 
</div>

Innoviz Technologies

<div>
 
 AEye develops artificial intelligence (AI)-powered LiDAR for various applications, including vehicle autonomy, advanced driver assistance systems (ADAS), and robotic vision. The company&rsquo;s products include &ldquo;4SIGHT,&rdquo; a software-defined, solid-state LiDAR sensor for automotive applications. The company claims that 4SIGHT offers the industry&rsquo;s longest detection range with the ability to identify small obstacles at over 300m and a 128 degree horizontal field of view (FoV). 4SIGHT uses adaptive LiDAR sensors as opposed to traditional sensors that passively collect data. AEye&rsquo;s next gen product 
 <a href="https://sp-edge.com/updates/24047">
 &ldquo;4IGHT Flex,&rdquo;
 </a>
 is an ultra-compact, high-performance LiDAR for in-cabin autonomy and safety features. It comes with a 120 x 30-degree FoV, high resolution, and a detection range of up to 275 meters. The company 
 <a href="https://sp-edge.com/updates/14502">
 launched a new 4Sight product line
 </a>
 in November 2022, which it claims was built on a high-performance adaptive LiDAR platform. In 
 <a href="https://sp-edge.com/updates?industryIds=70">
 March 2024
 </a>
 , AEye announced the launch of Apollo, the first product in the 4Sight Flex Lidar series. As of July 2023, AEye held 120 patents for its technology solutions.
 
 
 
 
 The company&rsquo;s business model also involves licensing software sensing platforms to automotive partners and outright sale of software-configured hardware products in partnership with system integrators in industrial markets.
 
 
 
 
 Key customers and partnerships
 
 
 The company began has been producing and supplying its sensors since late 2021, in partnership with electronic solutions provider LITEON Technology Corporation 
 <a href="https://sp-edge.com/updates/29284">
 (May 2024),
 </a>
 electronics manufacturer Sanmina Corporation (July 2021), German automotive parts manufacturer Continental (October 2020), simulation software provider Ansys (January 2020), and other system integrators. Its customers include Nvidia (July 2020), Continental (August 2021), and autonomous trucking company TuSimple (July 2021).
 
 
 Funding and financials
 
 
 AEye generated revenue of USD 1.5 million and reported an operating loss of USD 87.8 million during the year ended December 2023. The company has been listed on Nasdaq since August 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.52 billion (May 2021).
 
 
 
</div>

AEye

<div>
 
 LeddarTech is a Canadian company offering environmental sensing and perception solutions for advanced driving assistance systems (ADAS) and autonomous driving solutions. The company&rsquo;s main product offering &ldquo;LeddarVision,&rdquo; includes four scalable raw-data sensor fusion and perception platforms for Level 2/2+ ADAS applications (i.e., Level 2 refers to vehicles that can control both the speed and the steering, but the driver must maintain full vigilance). LeddarTech also offered LiDAR hardware components for LiDAR manufacturers, system integrators, and Tier 1&ndash;2 suppliers. However, 
 <a href="https://sp-edge.com/updates/14304">
 in November 2022,
 </a>
 the company announced plans to move away from its LiDAR hardware component business and focus on software development going forward. As of February 2024, LedderTech had 150+ patents (granted or applied).&nbsp;
 
 
 LeddarTech acquired VayaVision (sensor fusion and perception software company) in July 2020 and Phantom Intelligence (signal processing and LiDAR technology company) in September 2020 to complement its operations.&nbsp;
 
 
 Key customers and partnerships
 
 
 The company has partnerships with technology companies such as 
 <a href="https://sp-edge.com/updates/27813">
 Renesas Electronics,
 </a>
 STMicroelectronics, Flex, dSPACE, Ningbo Sunny Optical, Black Sesame Technologies, 
 <a href="https://sp-edge.com/updates/27574">
 Arm Technologies,
 </a>
 and 
 <a href="https://sp-edge.com/updates/29173">
 Immervision
 </a>
 for the joint development and delivery of LiDAR solutions.
 
 
 Funding and financials
 
 
 The company generated revenue of USD 7.4 million and an operating loss of USD 52.5 million in 2023 (year ending December 2023).
 
 
 In 
 <a href="https://sp-edge.com/updates/25036">
 December 2023
 </a>
 , LeddarTech became a publicly traded company via a merger with Prospector Capital Corp, a special purpose acquisition company (SPAC) at a pro-forma equity value of USD 348 million. The company secured a total of USD 58.6 million in gross proceeds including a USD 44 million convertible PIPE (Private Investment in Public Equity) and USD 14.6 million from the SPAC trust. The funds will be utilized to foster the adoption and expansion of LeddarTech's technology.
 
 
 
</div>

LeddarTech

<div>
 
 Seyond (formerly known as Innovusion) offers image-quality long-range LiDAR solutions for the automotive and other industries. Its product portfolio includes 1) &ldquo;Falcon,&rdquo; a LiDAR sensor specifically designed for the automotive industry, with a detection range of up to 500 meters and field of view (FoV) of 120 x 25 degrees; 2) &ldquo;OmniVidi,&rdquo; a perception service software platform, powered by a proprietary single-laser Forward SightNet and multi-laser fusion perception lightweight model; and 3) &ldquo;Robin,&rdquo; a short- to medium-range LiDAR sensor, with a detection range of up to 250 meters and FoV of 120 x 24 degrees.&nbsp;
 
 
 
 
 The company, headquartered in Silicon Valley, California, also has operations in China and Germany. As of November 2023, the company had an annual production capacity exceeding 300,000 units at its facility in China, and had plans to commence mass production by December 2023. In November 2023, the company reported delivering 200,000 automotive-grade LiDAR to customers.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Seyond primarily targets China and has entered several partnerships in the region. This includes a strategic partnership with Chinese EV maker NIO to supply LiDAR sensors for NIO&rsquo;s vehicles and a partnership with Chinese self-driving tech startup Mogo Auto (January 2022) to promote the adoption and commercial use of LiDAR for autonomous vehicles. The company reportedly delivered 56,000 LiDAR sensors to NIO in 2022.&nbsp;
 
 
 
 
 Meanwhile, the company also has a partnership with Joynext, the smart vehicle arm of Chinese auto component manufacturer, Joyson Electronics, for mass production of LiDAR sensors. It also entered a product partnership with 3D spatial intelligence software solutions specialist Outsight 
 <a href="https://sp-edge.com/updates/24507">
 in November 2023
 </a>
 to combine Outsight's software technology with Seyond's products for enhanced 3D perception capabilities.
 
 
 
 
 Funding and financials
 
 
 In January 2022, Seyond raised USD 118 million in a Series C funding round led by Hermitage Capital at a pre-money valuation of USD 1.1 billion. The company intended to use the funds to enhance production capabilities, expand global reach, increase headcount, and for further research and development (R&amp;D).
 
 
 
</div>

Seyond

Companies developing LiDAR and other sensors for autonomous passenger vehicles and to improve driver safety

Providers of software such as collision avoidance alerts, blind spot detection, automatic braking, and other advanced driver assistance systems

Companies developing self-driving technology for autonomous passenger vehicles including cars, buses, and shuttles

Companies providing in-vehicle infotainment products such as audio equipment and other electronic systems

Companies providing cybersecurity solutions for IoT-enabled vehicle devices

Connected vehicles and related services like infotainment and cybersecurity use IoT applications

Some companies use AI/ML tech for autonomous navigation

Autonomous vehicles facilitate efficient and greener transportation, contributing to creating smart cities

Automotive companies utilize GenAI solutions to enhance in-vehicle user experiences—mainly conversational AI technologies

Autonomous cars promote sustainable operations

Aurora Labs

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