Maniv Mobility gets $40M funding from JLR and Valeo

Maniv-Mobility

Maniv Mobility LP, the first Israel-based venture fund dedicated exclusively to mobility tech, announced that it has raised its first fund, in excess of $40 million, twice its target. Limited Partners in Maniv include equity crowdfunding pioneer OurCrowd, InMotion Ventures, a subsidiary of Jaguar Land Rover, and the $14 billion French Tier One supplier, Valeo, as well as hedge funds and family offices.

An affiliate of the 20-year-old Maniv Investments, Maniv Mobility invests primarily at the seed and Series A stage and already boasts a portfolio of 15 mobility technology startups, mostly in Israel with some in the US. Over the last several years, and especially since Intel announced the acquisition of Mobileye for over $15 billion in March, the global automotive industry has increasingly been looking to Israel for the technology building-blocks that will be the center of its future value chain.

Maniv Founder, Michael Granoff has been involved in transportation technology for nearly 15 years, beginning with a role in the creation of the Washington, DC-based energy security policy group, Securing America’s Future Energy. He also participated in the electric vehicle infrastructure and services start-up, Better Place, which raised nearly a billion dollars before shuttering in 2013.

Source: Maniv Mobility

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