AV development at Carteav to ramp up following US$6.5m investment
Autonomous low-speed vehicle company Carteav has closed equity investment funding of US$6.5m. The investors include automotive industry investment specialist and chairman of Carteav Zohar Zisapel and an early-stage venture capital fund called Mobilion Ventures, which invests in smart mobility. The investments will be used by Carteav to expand product development initiatives and the company’s presence within the USA.