Next Gear Ventures

An early-stage venture capital fund focused on smart mobility, energy, and sustainability.

Venture Capital Active Tel Aviv-Yafo, Israel Est. 2017
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Last updated 2026-07-20
Portfolio
1
in our dataset
Rounds participated
1
Rounds led
0
Rounds' value
$750K
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 · 1

Enroute
eCommerce Layer for Mobility Services
1 round $750K committed Latest: 2020-10

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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