{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgL6omvcKDA","lastupdate":"2024-05-16T00:00:00.000Z","update_date":"2024-05-16T00:00:00.000Z","lastModified":"Sep 14, 2024","active":1,"confidence_score":101,"confidence_score_reason":"markets","urlname":"city-transformer","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$meD75VjBDbZWAv21jEbiHqPiUwu2TnMaVZwRrQr85dVm6rMVdXSecF.jpeg","name":"City Transformer","oneliner":"Foldable Electric City Car","registrar":"515047363","website":"https://citytransformer.com","careerspage":"","founded_month":2,"founded_year":2014,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/CtTransformer","youtube":"https://www.youtube.com/channel/UCISPY2pMQAyur9Zbaa-CxfA","facebook":"https://www.facebook.com/CtTransformer","linkedin":"https://www.linkedin.com/company/3605373","instagram":"https://www.instagram.com/citytransformer"},"social":["https://twitter.com/CtTransformer","https://www.youtube.com/channel/UCISPY2pMQAyur9Zbaa-CxfA","https://www.linkedin.com/company/3605373","https://www.facebook.com/CtTransformer","https://www.instagram.com/citytransformer"],"flattenedsociallinks":"https://twitter.com/CtTransformer|https://www.youtube.com/channel/UCISPY2pMQAyur9Zbaa-CxfA|https://www.linkedin.com/company/3605373|https://www.facebook.com/CtTransformer|https://www.instagram.com/citytransformer","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":18,"patent":1,"raised":20355651,"stage":"A","public_stage":"A","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Iee18sKDA","primary_sector":"Automotive & Mobility Technologies","alternativenames":["ct","ct transformer"],"about":"City Transformer aims to provide an upgraded driving experience for urban residents. The company is developing CT, an electric city vehicle featuring a patent-registered folding mechanism that allows it to be narrowed to one meter in width. This feature allows the vehicle to be more easily maneuvered and parked in the city. Four City Transformer vehicles can fit in one standard-sized parking space.","climatetech_description":"City Transformer's vehicles are 100% electric, meaning that they produce zero emissions, helping to reduce their carbon footprint. 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The CT-1 is expected to hit the roads globally in 2022 and arrive in Israel in 2023, with 2,000 units already available for pre-sale at a price of 45,000 shekels before taxes.","partners":"N/A","customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Electric Vehicle","Urban Mobility","Product Launch","Innovation","Market Expansion"],"date_of_event":"15.8","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Expand","acquisition_amount":"N/A","structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"EvvWNduz1g4vZjprRVDNc7Hh6X9E5xLhlauAVH332kDx7Dv514VaE6","news_summary":"סיטי טרנספורמר הישראלית חשפה רכב חשמלי חדש ב-45 אלף ש\"ח","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"08a2ee8d-cd3f-4431-bc48-756b5c45147a","date":"Feb 14, 2021","link":"https://www.sponser.co.il/Article.aspx?_atscid=7_134353_204082920_1763932_0_Txtetaxjxdshwhus8sp&ArticleId=103764","source":"www.sponser.co.il","visible":1,"analysis":{"tags":"IPO, Investment","company":"City Transformer","layoffs":"N/A","summary":"Israeli urban vehicle developer City Transformer is planning to go public on the Tel Aviv Stock Exchange, with a valuation of between 450 to 600 million shekels. 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The company, founded in 2014, aims to develop tiny electric vehicles to improve personal, shared, and commercial mobility in cities around the world.","partners":"N/A","customers":"N/A","investors":["Eitan Ben-Eliyahu","Asaf Tuchmayer","Ron Gafni","Eli Katzav","Adi Karav","Eyal Chomsky"],"confidence":9,"key_topics":["Electric Vehicles","Urban Mobility"],"date_of_event":"Q2 2021","valuation_amount":"450 to 600 million shekels","impact_on_company":"growth-positive","investment_amount":"35 million shekels","structured_issues":["Investment","Public Trading"],"acquisition_amount":"N/A","structuredIssuesShow":"#Investment  #Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"xKBWS1r19YNDwPiuZtAH3AO5zNezloHW1x1cpPfXlFET595SyzMINB","news_summary":"סיטי טרנספורמר השלימה גיוס לקראת הנפקה של 15.5 מיליון ₪","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"158b8215-12d5-434e-81f3-22d81df35102","date":"Jan 24, 2021","link":"https://en.globes.co.il/en/article-folding-car-co-city-transformer-plans-tase-ipo-1001358225","source":"en.globes.co.il","visible":1,"analysis":{"tags":"IPO, electric car, compact city car","company":"City Transformer","layoffs":null,"summary":"Israeli electric folding car company City Transformer plans to have an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange in the second quarter of 2021. 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The car will be manufactured abroad, possibly in China.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["City Transformer","electric car","compact city car","IPO","Tel Aviv Stock Exchange"],"date_of_event":"January 24, 2021","valuation_amount":"NIS 450-600 million","impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Public Trading","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Public Trading  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"fg2cNHBwD47M1ATFQGtDgl3yXxq3AlO03FjnpIlN8A6vwoU4J8tP8z","news_summary":"Israeli folding car co City Transformer plans TASE IPO","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"35288cc2-db90-4132-a7aa-0d8de3565fae","date":"Nov 24, 2020","link":"https://time.com/collection/best-inventions-2020/5911457/foldable-electric-city-vehicle/","source":"time.com","visible":1,"analysis":{"tags":"electric vehicles, parking, transportation","company":"City Transformer","layoffs":null,"summary":"Israel-based startup City Transformer is developing a two-seater electric vehicle that can retract its wheels to achieve a one-meter width for narrow streets and parking. 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The car is equipped with cameras instead of mirrors. The founders claim that in the next year, 100 cars will be part of a car-sharing system in Tel Aviv. The car has a length of 2.35 meters and can vary in width depending on the drivers needs. It requires about three hours of charging for a standard trip of up to 90 km, with plans to increase the range to 120 km. 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The company closed an investment round with Israeli strategic investor ADI Technologies and plans to raise another $35 million for further development leading to mass production. Several City Transformer cars will be doing a pilot run in Tel Aviv by the end of the year. The company is receiving pre-orders and has gained traction in Europe and the US. City Transformer aims to bridge the gap in urban mobility and provide a solution for personal mobility in cities. 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