InMotion Ventures is partnering with Maniv Mobility, an Israel-based venture fund dedicated exclusively to mobility technology. They are a Limited Partner in the fund, as Maniv has announced – worth over $40m – twice its target – alongside OurCrowd, Valeo and others.
An affiliate of the 20-year-old Maniv Investments, Maniv Mobility invests primarily at the Seed and Series A stage. It already has a portfolio of 15 mobility tech startups, mostly in Israel with some in the US.
“When it comes to the contributions of Israeli entrepreneurs in mobility, Waze and Mobileye were the tip of the iceberg. On their heels are companies like Cognata which is building highly realistic 3D-simulation engine to train and validate autonomous systems, Upstream Security which is developing cloud-based cybersecurity for vehicle fleets and OryxVision, a vision sensor that will allow superior range, resolution and function over current lidar solutions while costing less. All three are in Israel and all three are in our portfolio.” says Maniv founder Michael Granoff.
“We’re honoured to be participating in Maniv Mobility’s first fund,” said Sebastian Peck, Managing Director at InMotion Ventures. “Some hugely promising businesses are being built in Israel, so expanding our reach there has been an important objective.
InMotion’s mission is to support the best mobility startups all over the world, and this partnership with Maniv will form an integral part of that.”