Volkswagen opens Tel Aviv innovation center

Konnect Photo: PR
Konnect Photo: PR

Konnect will promote the development of autonomous vehicle solutions and provide Israeli startups with access to the VW group.

German carmaker Volkswagen opened a Tel Aviv innovation center attended by Minister of Economy and Industry Eli Cohen to promote the development of autonomous vehicles, new mobility services and tailor-made solutions. The VW Group Campus in Tel Aviv will be a co-working space called Konnect, and will provide local partners and mobility based startups close and direct access to the Volkswagen Group including business collaborations as well as support in mentoring and consulting.

Volkswagen Group chief customer officer Peter Harris said, “I am a strong believer in the technological innovations being developed within the Israeli market and I am convinced that they can help us reach our goal of being one of the global market leaders in sustainable mobility. Konnect is another step in expanding our activities in Israel and will help our portfolio of brands engage with the Israeli start-up ecosystem.”

Volkswagen Group chief digital officer Johann Jungwirth added, "In our Volkswagen Group Campus Tel Aviv we will provide complementary innovative solutions in various fields, including Sensors, Simulation, Connectivity, Smart Navigation, Cyber Security, E-mobility and Big Data." Stephanie Reimann will serve as Konnect's managing director. Her team will work with the Group’s brands to conduct focused scouting activities within the Israeli market and identify, support and develop proof of concept projects with start-ups in various fields of mobility.

She said, “I am excited to be moving to Israel in order to head the new Volkswagen Group Campus Tel Aviv and I look forward to working with the Israeli startup ecosystem in order to identify cutting-edge technologies for our future mobility solutions. The mission of Konnect is to connect, foster and accelerate the high-tech initiatives of the Volkswagen Group brands in the future within the Israeli ecosystem. We will invite relevant companies to approach us and form a meaningful partnership with the Volkswagen Group and our strong brands.”

On Wednesday the Volkswagen Group will showcase Konnect's activities and services at the Ecomotion conference in Tel Aviv. As part of its activities in Israel, Konnect and Volkswagen are supporting 41 local startups with innovative business ideas connected to the future of mobility. Selected entrepreneurs will have the opportunity to present their ideas to a professional jury of VW experts who will choose one winning start-up. The winner will then spend six months at the “Gläserne Manufaktur” or Transparent Factory in Dresden and will benefit from professional mentorship and exposure to Volkswagen Brand development divisions and investors.

Published by Globes [online], Israel business news - www.globes-online.com - on May 22, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Konnect Photo: PR
Konnect Photo: PR
Inflation  credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Ben Gurion airport credit: Tali Bogdanovsky Abundance of affordable last minute Passover flight deals

The return of foreign airlines to Israel has brought down fares dramatically even for last minute vacations.

Karish rig  credit: Eyal Izhar Kesem Energy signs gas deals worth $2.8b

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

Kosher for Passover Coca Cola bottles credit: social media Why are yellow cap Coca Cola bottles different from all others?

Nostalgic Coca Cola aficionados claim that the kosher for Passover version, made from sugar cane instead of high fructose corn syrup, is the genuine taste of the soft drink.

Avigdor Willenz credit: Intel Exclusive: Avigdor Willenz's Element Labs raises $50m

The Israeli startup is developing AI processors for inference, the stage in which AI models are activated after they have already been trained.

Ilya Sutskever credit: Cadya Levy SSI hiring dozens in Israel

AI company Safe Superintelligence is hiring many dozens of people in Tel Aviv, "Globes" has learned.

Johny Srouji credit: Amos Ben Gershom GPO Apple SVP leads senior delegation of execs to Israel

Jony Srouji: I am always filled with renewed energy and optimism about our shared achievements when I visit our R&D centers here.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Ramat Gan, Petah Tikva, Givat Shmuel, Tiberias and Dimona.

Infinity Tower Tel Aviv credit: Courtesy Hagag Group French investors buy 2 Tel Aviv apartments for NIS 27.5m

The two apartments are in Hagag Group's Infinity Tower in the Summeil district.

El Al plane credit: Shutterstock El Al receives state approval to distribute dividend

The Israeli airline has now announced that it will be able to distribute up to 30% of net profit in 2025 and up to 40% in 2026-2028.

groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Ashot Ashkelon credit: Ministry of Defense Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018