About City Transformer
City Transformer is a company based in Tel Aviv (Israel) founded in 2014 by Asaf Formoza and Udi Meridor. It operates as a B2B, and D2C. City Transformer has raised $10 million across 3 funding rounds from investors including gov.il, unknown and MassChallenge. City Transformer offers products and services including CT-1 and CT-2. City Transformer operates in a competitive market with competitors including Ozone Motors, XEV, Squad Mobility, PMV Electric and Evovelo, among others.
- Headquarter Tel Aviv, Israel
- Founders Asaf Formoza, Udi Meridor
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
May 27, 2022
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Investors
gov.il
& 2 more
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Employee Count
Employee Count
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Products & Services of City Transformer
City Transformer offers a comprehensive portfolio of products and services, including CT-1 and CT-2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Shape-shifting microcar for urban driving and efficient parking
Adaptable car designed for next-generation urban mobility solutions
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Funding Insights of City Transformer
City Transformer has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - City Transformer | Valuation |
investors |
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| Dec, 2019 | Amount | Grant - City Transformer | Valuation |
investors |
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| Jun, 2016 | Amount | Grant - City Transformer | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in City Transformer
City Transformer has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include gov.il, unknown and MassChallenge. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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Driver license information obtaining services are provided by gov.il.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by City Transformer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - City Transformer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
City Transformer Comparisons
Competitors of City Transformer
City Transformer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ozone Motors, XEV, Squad Mobility, PMV Electric and Evovelo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric vehicle platforms and telematics technologies are developed.
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| domain | founded_year | HQ Location |
Electric cars are manufactured using 3D printing by XEV.
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| domain | founded_year | HQ Location |
Provider of solar-electric quadricycles
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| domain | founded_year | HQ Location |
Electric cars with advanced features are developed by PMV Electric.
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| domain | founded_year | HQ Location |
Sustainable solar-electric vehicles are designed and manufactured in Spain.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on City Transformer
Frequently Asked Questions about City Transformer
When was City Transformer founded?
City Transformer was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is City Transformer located?
City Transformer is headquartered in Tel Aviv, Israel.
Who is the current CEO of City Transformer?
Asaf Formoza is the current CEO of City Transformer. They have also founded this company.
Is City Transformer a funded company?
City Transformer is a funded company, having raised a total of $10M across 3 funding rounds to date.
What does City Transformer do?
City Transformer is a startup that engineers adaptable electric vehicles, such as the CT-1 and CT-2, to address urban congestion and promote eco-friendly mobility. They focus on compact, shape-changing designs for better parking and driving in cities. The company collaborates with partners for production and has won design awards, targeting European markets through B2B and direct sales. Their activities include press events and investor engagements to advance sustainable transport.
Who are the top competitors of City Transformer?
City Transformer's top competitors include Ozone Motors, PMV Electric and Squad Mobility.
What products or services does City Transformer offer?
City Transformer offers CT-1 and CT-2.
Who are City Transformer's investors?
City Transformer has 3 investors. Key investors include gov.il, unknown, and MassChallenge.