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Auto Tech Series A Founded 2019

DriveU.auto

DriveU.auto provides autonomous terminal tractor retrofit kits and teleoperation connectivity platforms designed for brownfield container ports and defense applications. The company's flagship solution transforms existing terminal tractor fleets into autonomous vehicles without requiring fleet replacement or infrastructure disruption, enabling 24/7 continuous operation in mixed traffic environments with remote human…

📍 Ra'anana, Israel · Autonomous Vehicles

Funding snapshot

Last roundSeries A
Amount$4M
Date5 April 2023
Total raised$4M
Team size33

About

DriveU.auto provides autonomous terminal tractor retrofit kits and teleoperation connectivity platforms designed for brownfield container ports and defense applications. The company's flagship solution transforms existing terminal tractor fleets into autonomous vehicles without requiring fleet replacement or infrastructure disruption, enabling 24/7 continuous operation in mixed traffic environments with remote human operation. The retrofit kit removes horizontal transport bottlenecks, improves driver safety, and delivers ROI in under two years by minimizing upfront capital expenditure. DriveU.auto also offers a teleoperation connectivity platform for remote operation and teleassist of autonomous vehicles, along with specialized defense solutions that extend forces' reach while keeping personnel out of harm's way. The company differentiates itself through its Physical AI approach enhanced by human cognition, combining autonomous capabilities with remote human oversight for cost-effective and safe deployment. Founded in 2019 and headquartered in Ra'anana, Israel, DriveU.auto has raised $4.0M in Series A funding from investors including Europa, Ascend Capital Partners, Kaedan Capital, Two Lanterns Venture Partners, Francisco Partners, TWO39 Ventures, and Mobillion Ventures. The company has received strategic investment from Ashdod Port Company, its design partner.

Business model

Autonomous Vehicles > Teleoperation

Founders & team highlights

Serial Founder

Institutional investors

Europa Ascend Capital Partners Kaedan Capital Two Lanterns Venture Partners Francisco Partners TWO39 Ventures Mobillion Ventures Zohar Zisapel Yigal Jacoby

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