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InMotion Ventures partners with Maniv on mobility fund

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Category: News
Published: 26/07/2017

We’re excited to reveal we’re working with Maniv Mobility, the first Israel-based venture fund dedicated exclusively to mobility technology. We’re a Limited Partner in the fund Maniv has announced today – worth over $40m – twice its target – alongside OurCrowd, Valeo and others.

An affiliate of the 20-year-old Maniv Investments, Maniv Mobility invests primarily at the Seed and Series A stage. It already has a portfolio of 15 mobility tech startups, mostly in Israel with some in the US.

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.

“In this sector, we see both a tremendous opportunity to deliver outsized returns to our investors, and a unique chance to help companies make transportation safer, cleaner, more efficient, less expensive and much more versatile,” says Michael Granoff.

“When it comes to the contributions of Israeli entrepreneurs in mobility, Waze and Mobileye were the tip of the iceberg. On their heels are companies like Cognata which is building highly realistic 3D-simulation engine to train and validate autonomous systems, Upstream Security which is developing cloud-based cybersecurity for vehicle fleets and OryxVision, a vision sensor that will allow superior range, resolution and function over current lidar solutions while costing less. All three are in Israel and all three are in our portfolio.

“We’re seeking out the companies that are creating technologies that will accelerate the arrival of our autonomous future, but that have sustainable businesses even if that future takes several years to materialise.”

“We’ve had the privilege to meet amazing founders as they’re looking to enter the automotive sector and we are able to help them sharpen their strategy and make key introductions to accelerate their business,” says Olaf Sakkers, Partner at Maniv Mobility.

“Success in venture capital is driven by network effects and we’re seeing a strong positive feedback loop between the network of relationships we’ve built in the global automotive and tech industry, public policy sector, and within our portfolio of top-tier startups: each relationship we form gives us the ability to strengthen the others while affording us privileged access to the granular information that moves through such networks.”

“We’re honoured to be participating in Maniv Mobility’s first fund,” said Sebastian Peck, Managing Director at InMotion Ventures. “Some hugely promising businesses are being built in Israel, so expanding our reach there has been an important objective.

InMotion’s mission is to support the best mobility startups all over the world, and this partnership with Maniv will form an integral part of that.”

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