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Venture firmManivhas develop by most every bill since it launched eight age ago in Israel — from its investor base and 40 - startup portfolio to its geographic focus , footmark and monetary fund size .
But even with a fresh closed $ 140 million fund in its coffers and a Modern office in New York City , beginner Michael Granoff says Maniv is still just a semen - stage investment firm at heart “ that occasionally break its own rules . ”
What that mean is largely the same as when it launched in 2016 : an early - stage investment strategy focused on what the firm describes as the overlap between mobility , transportation and energy .
There are , however , some notable evolutions that hint at Maniv ’s investment scheme with its third and a la mode fund love as Maniv III , TechCrunch has only learned . Maniv , once steadfastly sharpen on Israeli startups , continues to expand its geographical focus and now has dynamic portfolio companies in nine land .
“ So we will sure keep our eyes on the local market here but we ’ll go for the honorable deals and pick up everything we can from the deal period that comes in a very distributed way from around the mankind , ” Granoff said .
The VC firm has also largely stopped using the once trendy umbrella full term “ mobility , ” ( often leaving it out of its original name Maniv Mobility ) and has opted rather to let the cat out of the bag about deep tech , decarbonization and digitization of the transportation sector .
“ I thought the trajectory of that term ( mobility ) was going to continue to clarify overtime , but in fact , I cogitate the reverse has happened for a lot of reason , ” Granoff explained , adding that while the term mobility might not be used as often , it is still very much key to its commission .
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Nate Jaret , general partner at Maniv , said the $ 140 million fund does reflect novel goals : a more diverse radical of investor as well as the cellular inclusion of financial investors who see the decarbonization and digitization of all soma of transportation ( even the air and sea ) as an irreversible worldly tendency that generates the good financial rejoinder .
Historically , Maniv ’s investor foundation has been loaded with auto maker . It now better reflects the critical and unnumerable tributaries in fare and mobility , Jaret says . In other words , Maniv went outside traditional automotive to incur strategic investors in leasing , fintech , logistics , vehicle maintenance , energy , fleet management and repair .
Its newest investors in the fund , a group that include BNP Paribas Personal Finance and the speculation implements of war of Shell and Enterprise Mobility , make up “ the robust tapis of industry that are flat bear on by the change in expatriation across these themes of decarbonization and digitization , ” Jaret said . “ It ’s not just carmaker and Tier 1s that make the program but also aftermarket insurance , maintenance repair , infrastructure players and vim histrion that are seek to understand their novel perspective . ”
The Maniv III fund also include return investor Valeo and Jaguar Land Rover venture arm InMotion Ventures . Toyota Motor Corp. ’s Woven Capital , vehicle leasing company Arval , transportation infrastructure whale Ferrovial , the industrial manufacture firm ITT Inc. , fleet defrayal business WEX and an unidentified European insurance company also participated in the stock .
Maniv ’s fund also reflects an evolve investment funds scheme .
The house , which has nearly $ 320 million in asset under direction , previously led investments inAI boundary calculation splintering startup Hailoin Tel Aviv ; EV ridehail and charging mesh Revel in New York City ; medium - duty EV hand truck maker Harbinger Motors in California;intercity bus program Kolorsin Mexico City;two - wheeler EV startup Riverfrom India ; and Spanish elevator car subscription Bipi , which was evolve by Renault ’s funding subdivision RCI Banque in 2021 .
Maniv is now creep into the all-encompassing mood tech world — at least where it overlaps with transportation system . The business firm has used the new fund to make four investments to date , include in a Chicago - establish startup hollo Celadyne , which is work toextend the life-time and efficiency of proton - interchange membranesto make green H production financially viable .
The fund has also invested in Israeli inauguration Neologic , which has developed a proprietary chip design for performance and power amplification in data point center and self-propelling ; ane - bike battery - swapping startup promise Vammothat ’s base in Brazil ; and San Francisco - establish Circular , which is push the usage of post - consumer recycle charge plate in manufacture by close permeant information and examination gaps .
With global ambitions , VC house Maniv Mobility evoke $ 100 million from automakers , supplier
