ERM has acted for innogy Innovation Hub (innogy) on its investment in Israeli start-up Waycare, a developer of an AI-driven transportation management solution for smart cities. Our team had previously advised innogy on its investment in customer service platform TechSee as well as in Aseest.
The latest investment is in line with innogy’s focus to look for startups in the area of “Urban Exponentials” – innovation that improves the quality of life and work in European megacities, and specifically urban mobility.
Waycare raised $2.3 million in the seed round, which was led by innogy SE and Silicon Valley-based Spider Capital, with participation from Goldbell Investments, UpWest Labs, janom, Zymestic Solutions, and SeedInvest.
For coverage of the investment in Globes, please click here.
High-Tech and Start-ups practice
Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.