Last updated 2026-07-20
- Raised $30M Undisclosed Round, Dec 2019
Portfolio
7
in our dataset
Rounds participated
12
Rounds led
5
Rounds' value
$182.5M
total disclosed, rounds participated
Stages
Seed, A Round, Pre-Seed
About
Next Gear Ventures (NGV) is an early-stage venture capital fund based in Tel Aviv, Israel, focused on investing in smart mobility, energy, and sustainability sectors. The firm primarily targets Israeli startups but also supports companies in Europe and the U.S. NGV is dedicated to nurturing world-changing innovations, emphasizing ventures that contribute to a greener, safer future for transportation. NGV offers a comprehensive ecosystem of resources and connections through its partnership with Drive TLV, an innovation hub that accelerates the growth of startups in the smart mobility space.
Portfolio · 7
ThermagiX
Pioneering the development of patented phase change thermoacoustic technology for harvesting low-grade heat to produce electricity and/or cooling.
Nugen
Nugen is building distributed clean-energy infrastructure for data centers and critical infrastructure, using a proprietary solid-state hydrogen platform to store, ship, and deliver power wherever it's needed.
VOCAI
Revolutionizing battery safety, performance, and sustainability with on-chip multi-gas sensing technology powered by AI for predictive and preventative Battery Lifecycle Management.
Foretellix
Foretellix provides a data automation platform for AI-powered autonomous vehicle stacks.
LightSolver
LightSolver develops an all-optical supercomputer using laser-based processing units to solve complex optimization problems.
Meir Car and Truck Company
A prominent Israeli automotive conglomerate engaged in the import and distribution of vehicles and related services.
Arbe Robotics
Arbe Robotics develops ultra-high-resolution 4D imaging radar solutions for advanced driver-assistance systems (ADAS) and autonomous vehicles.
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.
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | nextgear.fund/ |
|---|---|
| linkedin.com/company/18113766 |
Identifiers & details
| Founded | 2017-4 |
|---|
Radar intelligence
Web history (Wayback)
| Domain | nextgear.fund |
|---|
Certificate / subdomain footprint
| Subdomains | 2 |
|---|