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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
Shape-shifting microcar for urban driving and efficient parking
Adaptable car designed for next-generation urban mobility solutions
People of City Transformer
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Driver license information obtaining services are provided by gov.il.
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Investor details for City Transformer
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Investments & Acquisitions by City Transformer
Investment portfolio details for City Transformer
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Financial Statements - City Transformer
Detailed financials for City Transformer
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City Transformer Comparisons
Peer comparison for City Transformer
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric vehicle platforms and telematics technologies are developed.
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Electric cars are manufactured using 3D printing by XEV.
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Provider of solar-electric quadricycles
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Electric cars with advanced features are developed by PMV Electric.
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Sustainable solar-electric vehicles are designed and manufactured in Spain.
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Detailed competitors of City Transformer
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Latest news on City Transformer
Complete news archive for City Transformer
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Frequently Asked Questions about City Transformer
City Transformer was founded in 2014 and raised its 1st funding round 2 years after it was founded.
City Transformer is headquartered in Tel Aviv, Israel.
Asaf Formoza is the current CEO of City Transformer. They have also founded this company.
City Transformer is a funded company, having raised a total of $10M across 3 funding rounds to date.
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.
City Transformer's top competitors include Ozone Motors, PMV Electric and Squad Mobility.
City Transformer offers CT-1 and CT-2.
City Transformer has 3 investors. Key investors include gov.il, unknown, and MassChallenge.