Next Gear Ventures

Venture Capital Active Tel Aviv-Yafo, Israel Est. 2017
Visit website ↗ LinkedIn
Last updated 2026-06-18
Portfolio
32
in our dataset
Rounds participated
57
Rounds led
7
Rounds' value
$736.2M
total disclosed, rounds participated
Stages
Seed, A Round, Pre-Seed

About

Next Gear Ventures serves as a beacon for startups and mobility partners, backing visionary entrepreneurial teams with a clear, positive influence on our life and the planet. Working mostly with Israeli-related smart mobility startups, its strong portfolio includes some of Israel’s top startups, with potentially several unicorns.

Next Gear Ventures actively leverages its experience and close relationships with local and global mobility partners to boost their portfolio companies and help them realize their product-market fit and growth potential.

Portfolio · 32

NoTraffic
AI System for Managing Urban Mobility
5 rounds $183.5M committed Latest: 2026-03
Whilx
Automatic Add-on tire Pressure Optimization System
2 rounds $2.0M committed Latest: 2025-12
CorrActions
Noninvasive Driver-monitoring Platform
Led ★ 2 rounds $8.3M committed Latest: 2025-11
Nugen
Resilient, Zero-Emission Onsite Power for AI-Scale Data Centers and Critical Infrastructure
Led ★ 2 rounds $3.7M committed Latest: 2025-09
ThermagiX
Heat Waste Harvesting
Led ★ 1 round $1.5M committed Latest: 2025-01
VOCAI
AI-Driven Battery Lifecycle Management with Advanced Gas Sensing and Analytics
2 rounds $1.3M committed Latest: 2025-01
WEM Energy
Cloud-native energy management for C&I storage and DER assets
1 round Latest: 2025-01
SaiFlow Cyber
Contextual and Tailored Cybersecurity for Distributed Energy and EV Charging Sites and Networks
1 round $4.8M committed Latest: 2024-11
Kardome Technology
Voice User Interface Technology
2 rounds $10.0M committed Latest: 2024-11
Lidwave
3D-sensing Architecture
Led ★ 1 round $10.0M committed Latest: 2024-10
Addionics
High-performance Rechargeable Batteries
Led ★ 2 rounds $42.5M committed Latest: 2024-06
CARRAR
Advanced battery systems for the Electric Vehicles (EV) and Battery Energy Storage System (BESS)
Led ★ 3 rounds $5.3M committed Latest: 2024-04
Magnus Metal
Digital Casting Process for Industrial Volume Production of Metal Alloys
2 rounds $74.0M committed Latest: 2024-04
Foretellix
Physical AI toolchain for training, validation and safety evaluation of autonomous vehicles.
4 rounds $92.1M committed Latest: 2023-12
infiniDome
Navigation Resiliency
Led ★ 3 rounds $12.8M committed Latest: 2023-04
Ottopia
Teleoperation Software for Connected Vehicles
3 rounds $26.5M committed Latest: 2023-01
Make My Day
Real-Time Optimization Software for Electric Vehicle Fleet Operations
1 round $4.3M committed Latest: 2021-11
Spectralics
Optical Chip Technology
1 round $2.0M committed Latest: 2021-11
Arbe Robotics
4D Imaging Radar Solutions for Autonomous Vehicles
3 rounds $119.5M committed Latest: 2021-10
AutoFleet
Optimization Platform for Fleets
3 rounds $29.5M committed Latest: 2021-10
Moodify
Software-defined Scents
1 round $8.0M committed Latest: 2021-08
Deeyook Location Technologies
Sub-Meter Spatial Awareness Using Existing Wi-Fi and Reinforcement Learning
1 round Latest: 2021-04
Nemodata
Fleet Management Platform
1 round Latest: 2021-01
Midnight Robotics
Autonomous Driving Kits for Agricultural Machinery
1 round Latest: 2021-01
Enroute
eCommerce Layer for Mobility Services
1 round $750K committed Latest: 2020-10
Hailo
Develops high-performance AI processors for edge devices, enabling on-device generative AI for diverse applications including robotics and drones.
2 rounds $72.5M committed Latest: 2020-03
UVeye
Under-vehicle Inspection System
1 round Latest: 2020-03
Actasys
Revolutionary Cooling Solutions for Modern Data Centers
1 round $5.0M committed Latest: 2020-02
Voyage81
Hyperspectral Imaging from Smartphone Cameras
1 round $9.0M committed Latest: 2020-01
Waycare
AI-driven Mobility Platform for Smart Cities
1 round $7.3M committed Latest: 2019-10
CAARESYS
Vital Sign Monitoring System
1 round $50K committed Latest: 2017-07
Apollo Power
Flexible Solar Film Panels
1 round Latest: 2017-01

Investment activity

7 portfolio exits on record.

Portfolio by sector

Automotive & Mobility Technologies16
Energy Tech9
Industrial Technologies6
Health Tech & Life Sciences2
Aerospace, Defense & HLS1
Cyber Security1
Agriculture & Food Technologies1

Funds · 2

  • NGV II — $47M Mar 2022
  • NGV I — $30M Dec 2019

Q&A

What is Next Gear Ventures' primary investment focus?
Next Gear Ventures primarily invests in Israeli-related smart mobility startups, backing entrepreneurial teams with a focus on positive influence on life and the planet.
What is the most recent exit for Next Gear Ventures?
Next Gear Ventures saw an exit in August 2024 with the acquisition of AutoFleet by Element Fleet Management for $110M.
Which funds has Next Gear Ventures raised?
Next Gear Ventures has raised two funds: NGV I, which closed at $30M in December 2019, and NGV II, which closed at $47M in March 2022.
Can you name some notable portfolio companies of Next Gear Ventures?
Notable portfolio companies include Addionics, which raised $73M, and Foretellix, which raised $135.14M.
What investment stages does Next Gear Ventures typically focus on?
Next Gear Ventures focuses on Pre-Seed, Seed, and A Round investment stages.
What is Next Gear Ventures' most significant sector concentration?
Next Gear Ventures has a significant concentration in Automotive & Mobility Technologies, with 16 portfolio companies in this sector.
Who are the founders of Next Gear Ventures?
The founders of Next Gear Ventures are Tal Cohen and Omer Shachar, both serving as Founder & Managing Partner.
Has Next Gear Ventures had any portfolio companies go public?
Yes, Arbe Robotics, a portfolio company, went public on NASDAQ in October 2021 with a valuation of $525M.
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