19 September 2022
Tel Aviv: Meetings with exceptional startups are fruitful

The Emil Frey Group delegation, of which we were part, recently travelled to Tel Aviv to meet with the most prominent U.S. and Israeli startups innovating in smart mobility, image processing and automotive AI.
Our schedule was full; we spoke with the energetic people and companies that will play a massive role in the digitalization of the auto-industry in the coming years. The conversations with founders and their teams were fruitful, leading our delegation to identify areas of top interest and assess the potential for collaboration.
We took an in-depth look at the ideas and solutions of each of the companies we met with. Reducing friction in the customer journey remains one of the startups’ main concerns; they are constantly working to improve the online sales funnel at various points. For example, a next-generation video platform has gone above and beyond to connect buyers with a sales expert over a high-quality product demo. We also explored an AI-driven marketing platform for car dealers, and an interactive video platform that promises to turn website visits into face-to-face conversations.
Some of the innovators we spoke with are capitalizing on the power of social connections and the social aspect of buying. Among them is a solution that takes shoppers into real-time, interactive product sessions with influencers, offering them discounts when buying with friends.
Data-driven fleet logistics and vehicle-as-a-service platforms are another major focus area. Powered by machine learning, they look to help fleet managers maximize both revenues and fleet utilization. AI-backed damage inspection solutions are on the rise, too, seeking ways to automate damage detection, analysis, and processing. The idea is to do it without special equipment or highly skilled personnel.

For years now, Tel Aviv has been one of the world’s strongest startup ecosystems. Ranking #7 in the Global Startup Ecosystem Report (GSER) in both 2021 and 2022, the city is highlighted as having the same level of large exits as Los Angeles and London. Furthermore, Tel-Aviv is seeing high levels of startup funding consistently. “Its strength in early-stage funding indicates the ecosystem’s innovation”, according to GSER 2022, released by Startup Genome in June 2022.
