Israel Automotive Startup Funding
Israel’s automotive startups account for over 43% of the total funding received by all startups in the country. Of the total $3.2bn in funding received by startups, $1.4bn was bagged by the mobility services sector.New age technologies like autonomous vehicles and electric cars have witnessed the biggest funding rounds. Israel has a well-developed autonomous tech ecosystem. Startups are mainly working on AI and sensor technologies. Israel’s government has done it’s part, slashing electric vehicle taxes by 10% and is actively promoting EV and clean energy.
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