US vehicle trading and services giant Cox Automotive is launching Israeli auto-tech operations. The Atlanta-based company announced that it will expand its collaboration with Israeli startups and entrepreneurs, and in the first stage it has formed a partnership with DRIVE TLV, a Tel Aviv-based smart mobility innovation center.
The DRIVE TLV hub was founded in 2017 by Mayer Cars and Trucks and Dr. Tal Cohen, a serial entrepreneur investor and a long-time faculty member at Georgia Tech. DRIVE's other partners include Hertz Rent a Car International, Israeli telematics company Ituran, NEC, Aptiv, Honda, and Volvo Group. The partnership's main goal is to facilitate collaboration between Cox Automotive and Israeli transportation innovators.
DRIVE TLV is focused on supporting mobility startups and entrepreneurs of all stages, with its accelerator, prototyping lab and shared workspace that encourages networking and collaboration. Israel is home to more than 8,000 startups, and over 600 are focused on mobility and transportation-related solutions.