November 28, 2017
One figure stands out in the Israeli auto tech sector for 2017: Israeli smart car and shared transportation companies generated NIS 65 billion in exits, investments, and capital raising. This is two and a half times the volume of exports by the defense industry, Israel’s leading industry, in 2016.
The most prominent deal, of course, was the sale of Mobileye to Intel for over $15 billion. Before that deal, only professional engineers in the auto industry knew what was being done in the Israeli auto-tech niche. After it, Israel is already appearing on the official map of hot spots of global investment leaders and senior auto industry executives.
Although we are at a time when summaries of 2017 are being issued, the truth is that it is difficult to summarize activity in this sector at the current time. First of all, it will be no surprise if several more interesting announcements are made even before the end-of-the-year business break. Secondly, this business and technology theater is constantly changing and advancing at a dizzying pace. We will therefore postpone the summaries and retrospectives, and merely provide a glance at the future.