Carteav Closes $6.5M Funding Round
Summary
Carteav, a Rishon LeZion, Israel-based provider of autonomous low-speed vehicles for transporting people and goods, raised $6.5M in funding. The company intends to use the funds to expand its product development initiatives and deepen its presence in the US. Led by CEO Avinoam Barak, Carteav provides self-driving low-speed vehicles, as well as a comprehensive site management solution including an advanced algorithm for smart fleet scheduling and smart fleet charging, a mapping system that learns the parameters of managed areas in under 24 hours and a reservation app. Carteav has run a pilot program in Israel as it prepares to bring its offerings to the US market. The company plans to participate in CES in January 2023 and at the 2023 PGA Show to expand its market capabilities for autonomous transportation in managed areas, such as retirement communities, hospitals, factories, universities, colleges, golf courses, residential apartments, and other applications.