Maniv Mobility said in a statement on Wednesday that it had led a $3.8m seed round investment in the UAE-based scooter startup, called Fenix, which is a new micro-mobility venture focused on the Middle East. We have to have people who we feel good about, who we’re comfortable working with. We’re focused just on mobility, and that’s the space they care about, so if they’re investing in a generalist fund, that fund isn’t giving them the information of knowledge that they need, or the access to the right set of companies, whereas everything that we do is aligned with what they care about and need to do. Maniv Mobility A, L.P. is a venture capital fund operated by Maniv Mobility and has approximately $15.1 million in assets. Every Fenix ride is insured, with personal accident, third-party liability and product liability insurance. The distinctive King’s Fate Collection 2020 combines KA-1’s unique. ", "As I started thinking about those issues, I started to understand that the intersection of technology and transportation was actually much broader than just about the drive chain, much broader than just electrification, but really every car now was coming with a modem and was connected to the cloud and all sorts of data was flying around. "They take vehicles that a car rental company has at the airport and that need to be moved into the city or vice versa, so depending on where the demand might be, and those are cars are being moved by a fleet of drivers but the car is empty for their whole trip and they’re losing money to move those vehicles. KA-1 is redefining the look and ideology of contemporary streetwear, offering an unconventional take on the street-fashion culture for the local community. It closed on its first, a $120 million fund, in 2017. You can view more information on Maniv Mobility including private fund info, contact info, top management and executives, website, email addresses, and more below: NEW YORK--(BUSINESS WIRE)--Bolt Bikes, the mobility startup, today announced it has completed a Series A capital raise of US$11 million to invest in … One likely participant in … Today (Wednesday), Israeli venture capitalist firm Maniv Mobility announced another historical ‘first’ with a $3.8 million investment in an Abu Dhabi, UAE-based startup. But, nonetheless, the logic still prevails.". He had this vision. Israeli venture capital firm Maniv Mobility, which specializes in early-stage automotive and mobility tech, announced Tuesday it has closed a $100 million fund, with strategic investments by 12 leading automotive and transportation corporations, including BMW, Aptiv, Hyundai, Lear Corp, Shell, LG Electronics, Valeo, and the Renault-Nissan-Mitsubishi Alliance. The current minimum investment for Maniv Mobility A, L.P. is $250000. “Maniv Mobility sees huge potential in the GCC region as a new market for micro-mobility.” Founded in 2015, Maniv Mobility is a global venture capital fund investing exclusively in … Lear Corporation is investing in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology. Powered by WordPress. Fenix works hard to ensure that its e-scooters are properly parked and is testing incentives for responsible use in and across municipalities. Then, of course, there’s the autonomous piece of it and the attention that Google began to get at that time and the beginning of the flood of money into autonomous transportation. Early on, Maniv broke its investments down into four categories: data connectivity, business model innovation, autonomy and vehicle architecture. 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. They began to ask if I could manage some of their money alongside my own to give them an understanding of what was going on. Kilimanjaro to support FOCP’s, Moorfields Eye Hospitals UAE Gear up to Host its 3rd Annual. 4 Car giants look to Israel for self-driving technology The Existential Question Facing the Auto Industry The Merging Worlds of Technology and … Through its subsidiaries, Maniv Bioventures, Maniv Energy Capital and Maniv Mobility, he has been associated with dozens of startup enterprises during that time, and many successful exits (including Ironwood Pharmaceuticals (NASD: IRWD) and Metabolix (NASD: MBLX). From the first fund, Maniv made a total of 24 investments, 18 of which were in Israeli companies. Iterative Rollout, Assessment, and Enhancement of a Cloud-Based Virtual Coordination Center for Regional Mobility Management, Year 1. Other investors include Deutsche Bahn Digital Ventures, which is the venture arm of the German rail and logistics operator Deutsche Bahn, and Israeli car importer Carasso Motors, in addition to numerous individuals, family offices and institutional investors. June 26, 2019, Joined Vator on Maniv Mobility, one Israel's oldest auto-tech funds, was founded in 1997 by Michael Granoff, one of the first investors in the Better Place unsuccessful electric car venture. Renault set up a whole factory production line to built cars with switchable batteries. "We met the founder very early on and developed a strong relationship there and he’s got a lot of energy and focus. Maniv Mobility is a leading venture capital fund dedicated exclusively to the new mobility future. They’re generalists; they’re like decathletes that compete in all the disciplines and they’d be much more effective if they competed in only one or two disciplines. This fund was announced on Jul 9, 2019 and raised a total of $100M. All our investors are coming from this sector, so all the resources that we have, and all the knowledge that we have, is very focused on this sector which makes us much more effective in supporting the companies that we’re investing in and also making investment decisions about the companies we’re investing in," he said. Suffice to say, there's a huge opportunity here for investors. Trying to explain the idea took time, and over time we’ve been involved in seeing this company transform into what it is, and having really meaningful traction and validation.". It is no secret that Israeli mobility companies have enjoyed global success – Waze and Mobileye are just the tip of the iceberg. Summary Financials Investments People Technology Signals & News. "What we’re doing is very focused on one particular area, which means, like most VCs are geographically constrained but vertical agnostic, we’ve got the inverse structure, where we’re vertical constrained and we actually think the unique advantages around that focus but we’re quite agnostic in terms of geography. The current minimum investment for Maniv Mobility A, L.P. is $250000. | Maniv Mobility is a global venture capital fund investing exclusively in leading mobility startups. In the next 20 years, it will do the same for mobility. To say things are changing quickly would be an understatement and it's going to necessitate a lot of solutions. November 18, 2020 Maniv Mobility LP, an Israel-based venture capital fund that focuses on smart mobility technologies, said Wednesday that it led a $3.8 million seed round investment in Fenix, an Abu Dhabi-based startup that plans to launch an electric scooter service in the Middle East. The founders bring substantial mobility experience into the new venture – first meeting as senior executives at Careem where Sayed built and scaled the engineering organization, and Dhanoa was responsible for growth and strategy. "Our entire network and all our relationships are in this sector, all our time spent thinking is about the sector, all the problems we see on the board level at the companies we work with are within the sector. Fenix is the third mobility venture the founders are working on together. Washington COVID-19 Immigrant Relief Fund NEW. ", Founded by Ignition's Kellan Carter and Cameron Borumand, Fuse will invest in B2B software companies, The firm also made a series of promotions, including Dan Estes to General Partner, The firm now has $785 million in capital under management, Joined Vator on “Maniv is recognised as one of the premier investment funds focusing on the key trends in the automotive market, which makes it a great opportunity for LIV,” said John Absmeier, Lear’s Chief Technology Officer.“This is an exciting time of transformation for the industry, and Israel is at the forefront of the flourishing auto tech sector. So, what does the future of mobility actually look like? At Maniv Mobility, we eat, breathe and sleep mobility, so we are able to support the team as they bring their service to market and rapidly expand across the Middle East.”. We didn’t set out to start a venture fund and then say, ‘Maybe we’ll focus on mobility.’ Instead, we were focused on mobility and we were trying to figure out how to contribute to the ecosystem and it turned out that doing it in a venture structure was what made the most sense for our ability to contribute in that way," Michael Granoff, Managing Partner at Maniv, told me in an interview. Israel-based Venture Fund Maniv Mobility Leads First Seed Investment in UAE Based Firm Fenix November 18, 2020 @ 8:11 am By JD Alois An Israel based venture fund, Maniv Mobility LP, has led a … One year after closing our second fund, here’s how Maniv Mobility is thinking about mobility investing amid the Coronavirus pandemic. For Granoff, the most important thing is actually being able to work with these founders over the long haul, and developing a working relationship with them. That led him to start an organization in Washington DC to figure out how to use American policy to "reduce the monopoly that oil has on transportation," as he pit it. The pair reunited when they joined Circ as Co-Founders to expand micromobility in Europe and create the category in the Middle East as the first licensed operator in the region. The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration and deepens Lear's involvement in the mobility … Enter Maniv Mobility, an Israeli venture firm dedicated solely to investing in transportation and automotive technologies. DIGITIZATION OF TRANSPORTATION 2016 2040 3 4. “The birth of Fenix is conjoined with the rebirth of our cities, our societies, and our economies as we transition out of COVID-19 lockdowns. Maniv Mobility A, L.P. is a venture capital fund operated by Maniv Mobility and has approximately $15.1 million in assets. Fenix provides clear in-app safety instructions and local guidelines on how to use the vehicles legally and responsibly. Founded in 2014 by veteran investor Michael Granoff, Tel Aviv-based Maniv Mobility is focused purely on the smart-mobility sector that’s emerging as one of Israel’s fastest-growing fields. Privacy Policy Designed using Magazine News Byte. "As I began look at this issue, not just from policy perspective, but also from a business and pragmatic perspective, and thinking about how you would actually do this in the real world, I came to the conclusion that the only scalable way to reduce oil’s monopoly on transportation was electric. One thing led to another and we ended up raising our first fund which we closed about two and a half years ago with $44 million," he said. Maniv Mobility said in a statement on Wednesday that it had led a $3.8m seed round investment in the UAE-based scooter startup, called Fenix, which is a new micro-mobility venture focused on the Middle East. "Obviously team is very important because things change and companies need to pivot sometimes and adapt to things, and good teams are better at that. While we have picked a single sector to focus on, we think that are able to very well evaluate companies in any real geography in the sector, and that’s why I think of the things that will characterize our second fund is a broadened geographical distribution that we’re already seeing in the early stages," said Granoff. Connect to CRM . It marks the first investment by an Israeli venture capital fund in a UAE-based tech startup since the normalization of relations between Israel and the UAE, and the largest pre-launch venture funding round in the history of … Maniv Mobility founder and managing partner, Michael Granoff, added: “The challenges and opportunities of mobility cross all borders – Maniv now has portfolio companies in six countries. logistics and vehicles trading). The new venture has secured a $3.8m first closing of its seed round investment, which was led by Maniv Mobility, the Israel-based venture fund dedicated exclusively to mobility tech. Resources. Products. Maniv Mobility LP, an Israel-based enterprise capital fund that focuses on good mobility applied sciences, stated Wednesday that it Israeli VC fund Maniv Mobility invests in Abu Dhabi electric scooter startup * Blog for Startups In the midst of the COVID-19 pandemic, micromobility has emerged as the safest form of shared transportation globally. Fenix’s vehicles are purpose-built for continuous shared use. The homegrown, UAE-based clothing label recently unveiled its highly anticipated collaboration with Transformers for the King’s Fate Collection 2020. Maniv Mobility | 2,199 followers on LinkedIn. The new fund is the second by Autotech Ventures. "I came away from those meetings with a pretty firm conviction about which one had the better chance to succeed, and spent the next several years with Agassi, working on something called Better Place. Maniv Mobility is a venture capital fund investing in the world's leading mobility startups. Fund Type: venture capital Private Fund ID: 805-6797127332 Fund Manager: Maniv Mobility (Crd# 287696) Registered Location: Delaware, … Maniv Mobility is a global venture capital fund investing exclusively in leading mobility startups. Since 2015, the fund has made 24 investments in auto-tech companies, mostly in Israel and some in the US. Increasing mobility connectivity creates a more productive and inclusive economy and facilitates local commerce in our communities. With this context and in addition to comprehensive safety measures, Fenix is introducing the world’s first micromobility vehicle with an integrated hand sanitization pack – a simple yet effective innovation that was entirely conceived and implemented locally in the UAE. We look forward to this strategic partnership and the … The fund is Maniv Mobility's second after raising $40 million last year for investment in companies and ventures in the seed and A rounds. Pricing. "Now we’re working very hard on the second fund, we’re a staff of seven, we see deal flow of about 50 to 70 deals a month, and these days I’d say a little less than half of that s coming from Israel and the other more than half coming globally. Number of Funds 2. MobilityFund’s investment scope is any opportunity in new mobility. Maniv Mobility is a venture capital fund dedicated exclusively to the new mobility future, has deep connections throughout the global automotive industry, as well as in the policy and technology communities. They put safety first, are sturdier, and are designed to last longer. Maniv Mobility . Fenix, a new Abu Dhabi micromobility startup, raised $3.8 million in a seed round investment led by Israel-based venture firm Maniv Mobility. Jaideep Dhanoa and IQ Sayed, former Co-founders at Circ and colleagues at Careem, have launched Fenix – a new micromobility venture focused on the Middle East region. Millions of riders and hundreds of cities around the world have turned to and embraced micromobility during the pandemic as a means to safely restart economic activity. New Report Illustrates ‘Cloud’ as a Technology and a Domain; RAS AL KHAIMAH TOURISM DEVELOPMENT AUTHORITY JOINS FORCES; FUEL UP WITH INCREDIBLE BLACK FRIDAY DEALS AT TORNO SUBITO; FENIX SECURES US $3.8M SEED FUNDING LED BY MANIV MOBILITY ", The mobility space is an exciting one but, as Sakkers admits, "There’s been a lot of hype in the industry and there’s a lot of excitement about some of the possibilities, and now we’re in the phase of disillusionment. DIGITIZATION OF INFORMATION 1990 2015 2 3. June 28, 2019, Fuse Venture Partners launches to focus on investing in the Pacific Northwest, Frazier Healthcare Partners raises $617M fund to invest in life sciences companies, HealthQuest Capital raises $440M fund to invest in growth stage healthtech companies. Then you had the advent of the third party apps and the ability for new business models, such as ride hailing and then, later on, micromobility to take hold. Investing primarily in early-stage Israeli startups, it seeks out ideas around automotive connectivity and data, autonomous vehicle technologies such as sensors and software, and novel … I hired a PhD student from MIT to teach me about batteries for a week and I can’t say that I absorbed most of that lesson but the key takeaway for me was batteries were very definitely on a declining cost curve and that it would reach a certain point at which electric would be the only logical way forward for transportation," said Granoff. With the new fund, Maniv plans to make between 20 and 25 total investments, with initial checks of around $1.5 to $2.5 million, and total investments of $4 to $5 million over the life of the company. So, all this stuff, these are inefficiencies that are going to be worked out. Search Crunchbase. Maniv Mobility is helping to expedite the new age of advanced transportation technology, including safety, business model innovation, and vehicle autonomy ("driverless cars"). Another investment, Phantom Auto, is a company that allows people to take a demo drive in a vehicle that i remotely operated from a computer. Highlights. Having that filter means that you could miss out on a world changing opportunity; it’s not obvious that that should be a filter, and maybe it’s my age, but life’s too short to work with people who don’t share some foundational worldview," he told me. KARS | A complete KraneShares Electric Vehicles & Future Mobility Index ETF exchange traded fund overview by MarketWatch. You can’t just quickly come up with solutions to all of them, or even quickly explain how we think they’re going to evolve, and, over time, we have to update our views and models for how the world is going to develop and change," said Sakkers. FENIX SECURES US $3.8M SEED FUNDING LED BY MANIV MOBILITY, Dubai, United Arab Emirates, 2 September 2020: Azi, First Fully Programmable Platform to Unify IT, IoT, DALLAS--(BUSINESS WIRE/AETOSWire)-- Adani Green En, to help deliver the largest virtual rock concert i, Interactive workshops provided practical approache, GUIDELINES AND DESTINATION UPDATES FOR INTERNATION, Unrestricted Availability on the Ultimate Experien, A leading home-grown perfume brand known for its m, Universe The personal vehicles offer de facto social distancing: no human interaction, reduce load on crowded public transportation systems, and receive natural sanitization from the sun’s UV rays, heat and humidity. ", "It’s also a very complicated industry, there’s so many different pieces, there’s so much depth to the complexity of engineering a vehicle.". Again, we’re early stage investors, so it’s not a metrics game, it’s not cookie cutter at all, it’s much more about quality of teams having a strong sense of this is the right market that we understand ourselves and then whether this is the right strategy to tackle that market," said Sakkers. Committed to a new mobility future, we invest in and support the growth of early-stage startups. So, I was reinvigorated a little bit about transportation in a broader sense than I had been when I was just focused narrowly on electrification.". The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration and deepens Lear’s involvement in the mobility technology ecosystem. An Israel based venture fund, Maniv Mobility LP, has led a $3.8 million seed round investment in Fenix, a micro-mobility venture focused on the Middle East. When it comes to finding safe, affordable, and clean ways of moving people around cities, the same solution sets apply to Tel Aviv, London – or Abu Dhabi. Maniv Mobility has raised 2 funds, their latest being Maniv Mobility II. LAUNCHES AN EXCEPTIONAL END OF YEAR OFFER, Automobili Lamborghini Unveils New Huracán STO in the UAE, Discover the UAE-Based Contemporary Streetwear Brand, King Koil: Win a staycation at Burj Al Arab this DSF, Furniture 360’ and ‘Trendz 2020’ exhibitions attract over 12,000 visitors, Enjoy Exceptional Discounts at Kashkha in the UAE, Stay at Amwaj by Al Hamra to enjoy spectacular views, ME Dubai welcomes its first Artist in Residence, Circuit X – the perfect way to spend quality family time, Nissan licenses technology free of charge to support COVID-19 fight, ZOFLORA UNVEILS FRAGRANCE INSPIRED BY THE MIDDLE EAST, UAE resident to climb Mt. With the new fund, Maniv plans to make between 20 and 25 total investments, with initial checks of around $1.5 to $2.5 million, and total investments of $4 to $5 million over the life of the company. We are delighted to be the first Israeli VC to invest in a UAE-based tech company. And high on the list is Maniv Mobility, which recently announced the closing of a new $100-million fund. Careem BIKE partners with Dubai Fitness Challenge, FUEL UP WITH INCREDIBLE BLACK FRIDAY DEALS AT TORNO SUBITO, Al Rostamani Trading Company L.L.C Launches New Citroën Showroom in UAE, The greatest stars of international football recognised at the Dubai Globe, JUMA AL MAJID EST. Israel's Maniv Mobility said on Wednesday it raised more than $40 million for its first venture fund to invest in early stage companies in the mobility technology sector. Investors in Maniv’s newest fund include twelve corporates from the automotive and transportation industry such as car-makers and suppliers such as Alliance Ventures, which is the strategic venture capital arm of Renault-Nissan-Mitsubishi, Aptiv, BMW i Ventures, Hyundai Motor Group, Lear Corp, LG Electronics, Shell Ventures and Valeo. Dhanoa then joined Grab as the unicorn’s Global Head of Micromobility and Sayed joined Lyft to lead the Autonomous Driving team in Munich. The Washington COVID-19 Immigrant Relief Fund will provide $40 million in funds to assist Washington workers who miss work due to COVID-19, but are unable to access federal stimulus programs and other social supports to their immigration status. The firm has also invested in Cognata, a company that offers simulations for various kinds of autonomous development. Advanced. An Israel based venture fund, Maniv Mobility LP, has led a $3.8 million seed round investment in Fenix, a micro-mobility venture focused on the Middle East. Number of Funds 2. Good teams are better at hiring good people and understanding strategies for being successful," said Sakkers. After the company went bankrupt in 2013, thanks to what Granoff calls "a series of monumental execution blunders," he continued to work in the space, "to resolve this issue in my ind about electric and whether I was wrong about that and what the demise of Better Place meant for the future of electric. When looking to invest in a company, one of the key things that Maniv looks for is the team. After moving to Israel, and connecting with founders in the space, Granoff began making angel investments, before being joined by Sakkers in 2014, which is what eventually led to their first fund. The technological target sectors include connectivity, autonomy, shared mobility, electrification & mobility-related services (e.g. Maniv Mobility, Israel's first venture capital fund dedicated exclusively to the new mobility future, has deep connections throughout the global automotive industry, as well as in the policy and technology communities. It’s a team that’s been flexible and creative and built something interesting things. Maniv's sector specific focus allows the firm to offer its limited partners something that other generalist funds, which might also invest in the mobility space, simply cannot, said Olaf Sakkers, General Partner at Maniv. Marking yet another ‘Abraham Accords’ victory since the normalization between the two countries in September. Maniv Mobility LP, the first Israel-based venture fund dedicated exclusively to mobility tech, announced today that it has raised its first fund, in excess of $40 million, twice its target. 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