Drive TLV, a unique innovation hub connecting high-tech Israeli startups with major corporate partners around the world, plans to begin working with US and European startup companies next year.
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Drive's FastLane program has helped Israeli startups focused on mobility technology raise more than $1 billion since 2017. FastLane also will be expanded to include smart-mobility technologies under development for other business sectors, including logistics, insurance and energy.
"The concept of mobility is constantly evolving," says Itay Erel, Drive's CEO. "The goal of carrying people or goods from one place to another is no longer strictly an automotive challenge. Smart-mobility today requires the global collaboration of multiple industries to be successful."
FastLane provides mentoring and training for high-tech mobility startups. The five-month commercialization program includes bi-weekly sessions with a team of financial and technology experts, a CEO forum that includes key industry leaders and ongoing face-to-face meetings with Drive's corporate and private-equity partners.
Drive's corporate partners include Honda, Volvo Cars, Volvo Group and the Mayer Group, as well as DENSO, NEC Corporation, Novelis, Cox Automotive, Hertz, Ituran and Next Gear Ventures.
