TEL AVIV, Israel — When General Motors opened its Israeli R&D center in 2008, it was a lonely outpost in the automotive landscape.
Today, more than 30 automakers and major suppliers have permanent offices and major tech centers in the country, and they are just part of the autotech empire that includes hundreds of companies.
According to the organizers of EcoMotion, an annual mobility event that celebrated its 10th anniversary last week, there are 670 transportation companies operating in Israel, 27 of which have raised about $5.5 billion in IPOs in the past decade.
EcoMotion, a joint venture of the Israel Innovation Institute and government agencies, returned to its personal roots last week after a COVID-19-related hiatus. More than 100 companies exhibited their technologies to approximately 3,000 people from 40 countries.
Topics ranged from electric vehicles to cybersecurity, in-cab detection and software. As it has been from the beginning, General Motors has been at the forefront.