About DriveU.auto
DriveU.auto is a company based in Kfar Saba (Israel) founded in 2019.. DriveU.auto has raised $4 million across 3 funding rounds from investors including Francisco Partners, European Union and Ascend Capital Partners. DriveU.auto offers products and services including DriveU 100 Series and DriveU 300 Series. DriveU.auto operates in a competitive market with competitors including Vay, Phantom Auto, Ottopia, Scotty Labs and Voysys, among others.
- Headquarter Kfar Saba, Israel
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Driveu Tech Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Francisco Partners
& 6 more
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Employee Count
Employee Count
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Products & Services of DriveU.auto
DriveU.auto offers a comprehensive portfolio of products and services, including DriveU 100 Series and DriveU 300 Series. 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.
Connectivity solution for low-speed delivery robots and logistics operations.
Platform for autonomous vehicles and remote machinery supervision.
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Funding Insights of DriveU.auto
DriveU.auto has successfully raised a total of $4M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(23 Jun 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Series A - DriveU.auto | Valuation | Ascend Capital Partners |
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| Jan, 2021 | Amount | Grant - DriveU.auto | Valuation |
investors |
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| Jun, 2020 | Amount | Series A - DriveU.auto | Valuation | Zohar Zisapel |
| 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 DriveU.auto
DriveU.auto has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Francisco Partners, European Union and Ascend Capital Partners. 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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Capital is invested in early-stage disruptors for global ventures.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by DriveU.auto
| 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 - DriveU.auto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Driveu.Auto Comparisons
Competitors of DriveU.auto
DriveU.auto 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 Vay, Phantom Auto, Ottopia, Scotty Labs and Voysys, 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 |
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| domain | founded_year | HQ Location |
Remote-driving and autonomy services for electric vehicles are provided online.
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| domain | founded_year | HQ Location |
AI-powered remote safety support is offered for autonomous vehicles.
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| domain | founded_year | HQ Location |
Developer of AI-powered teleoperation solutions to remotely control autonomous vehicles
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| domain | founded_year | HQ Location |
Teleoperations platform to virtually control self-driving vehicles
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| domain | founded_year | HQ Location |
Software for teleoperation of vehicles, machines, and robots is provided.
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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 Driveu.Auto
Frequently Asked Questions about DriveU.auto
When was DriveU.auto founded?
DriveU.auto was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is DriveU.auto located?
DriveU.auto is headquartered in Kfar Saba, Israel. It is registered at Kfar Saba, Central District, Israel.
Who is the current CEO of DriveU.auto?
Alon Podhurst is the current CEO of DriveU.auto.
Is DriveU.auto a funded company?
DriveU.auto is a funded company, having raised a total of $4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 23, 2020.
What does DriveU.auto do?
DriveU.auto was founded in 2019 in Kfar Saba, Israel, within the autonomous vehicles sector. Hardware and software solutions are provided for teleoperation, utilizing cellular-bonding technology to enable real-time transmission of video, sensor data, and operational commands. Integration with third-party systems is supported, alongside optimized performance features, to connect remote operators with vehicles across various environments.
Who are the top competitors of DriveU.auto?
DriveU.auto's top competitors include Vay, Ottopia and Scotty Labs.
What products or services does DriveU.auto offer?
DriveU.auto offers DriveU 100 Series and DriveU 300 Series.
Who are DriveU.auto's investors?
DriveU.auto has 7 investors. Key investors include Francisco Partners, European Union, Ascend Capital Partners, Kaedan Capital, and Two Lanterns Venture Partners.
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