Blitz Motors Overview
BLITZ is focused on providing a cleaner, more cost-effective means of commercial transportation and a full range of first- and last-mile services, including 24/7 support, operations, insurance, maintenance, and repairs. The company’s smart eMobility offerings are equipped with data analytics for predictive maintenance and enhanced operational efficiency, enabling customers to mitigate any problems with their moped fleets before they arise. BLITZ scooters have driven over 20 million kilometers to date and saved 95% in overall energy costs for private consumers, government agencies, and corporations including Domino’s Pizza, McDonald’s, Pizza Hut, and the Israel Postal Company.
Cumulative Funding Raised Over Time ($)
$6.3MDec 2021
$10.5MJun 2021
Latest News
growth-negative
איתן ורון יחליף את רפאל מוזינסקי בתפקיד מנכ"ל בליץ - Techtime - חדשות אלקטרוניקה והייטק
Blitz Technologies, an Israeli company that manufactures electric motorcycles for urban fleets, is undergoing management changes and preparing for a capital raise. The companys founder and CEO, Rafael Muzinsky, will step down from his role to focus on business development and sales, and will be replaced by Eitan Veron. This comes after a decline in sales in 2023 and the company is preparing to raise capital to ensure its continued operation. Blitz is also in the process of reducing expenses, with Muzinsky agreeing to a 25% pay cut in October 2023. The company is currently traded on the Tel Aviv Stock Exchange with a market value of 12.3 million shekels.
Management ChangesInvestment
Growth-negative
הקטנועים החשמליים של בליץ צברו הפסדים והביאו לקיצוץ בשכר הבכירים | כלכליסט
Blitz, an electric scooter developer, is facing increasing troubles as planned sales are postponed, losses grow, and the companys market value has dropped by 89% from a peak of 238 million shekels in January 2022 to 27 million now. In an attempt to stabilize its situation and reduce its expenses, the company has decided to cut senior salaries. The CFO left after a short period and the chairman also resigned. The companys main markets are Israel, Belgium, the Netherlands, and Britain and so far it has sold about 2,000 scooters. Most of its revenue comes from operations in Israel. Dominos Pizza franchisee was responsible for 33% of its revenues in 2022 and 45% in 2021.
Layoffs
growth-positive
Blitz Motors signs up with battery startup Addionics on Smart 3D electrodes
Blitz Motors has signed a collaborative agreement with battery startup Addionics to develop Smart 3D Electrodes for its electric moped fleet. The partnership aims to improve battery performance and reduce production costs for Blitzs electric mopeds. Addionics Smart 3D Electrodes will increase travel range, shorten charging times, and enhance overall safety. The optimized batteries are expected to be completed in 2023. Blitz Motors is the largest manufacturer of smart electric mopeds in Israel, while Addionics is a battery technology company focused on battery physics. The collaboration will accelerate the transition towards greener electric transportation.
PartnersCustomers
growth-positive
בליץ השלימה גיוס של כ- 20 מיליון ש״ח
BLITZ, an electric scooter company, has raised 20 million shekels from several investors, including Phoenix Group and Mor Investment House. The funds will be used to accelerate the companys expansion in Europe due to the high demand for its product. The company is also planning to expand its presence globally and focus on replicating its success in several countries in Europe and South Africa. This week, the company will deliver dozens of its first scooters as part of the deals recently reported to customers in the Netherlands, Belgium, and France.
InvestmentExpand
growth-positive
עסקה ראשונה לבליץ באירופה בהיקף של כ-2 מיליון ש"ח
Blitz Technologies, an electric vehicle company, has announced its first deal in Europe. The company has received an initial order from a last-mile delivery company that serves customers such as Amazon, IKEA, and Zolando. The order, valued at approximately €500,000, includes the delivery of electric scooters and related services over a period of 3 years. The company plans to start delivering the scooters in the fourth quarter of 2021. Additionally, Blitz Technologies is expanding its proof-of-concept projects and activities to France. The parties have also agreed to further collaboration in 2022, with a potential order worth around €2.5 million. The company aims to grow globally and distribute its unique solutions in new territories, particularly in Europe.
Customers
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $10.47M |
| Last funding | $6.31M |
| Stage | Public |
| Rounds | 2 |
| Investors | 2 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | blitzmotors.com/ |
Locations
Yisra'el Bak St 7, Tel Aviv, Israel
Leuvensesteenweg 48a, 1932 Zaventem, Belgium
Photos & Videos
1 item(s)
Blitz Motors Business
Business models
B2B, B2C
Product stage
Released
Employees
11-50
Sector
Automotive & Mobility TechnologiesElectric Mobility & Alternative FuelsUrban MobilityClimate TechEco-Efficient Transportation & LogisticsEco-Efficient Electric Vehicle Infrastructure & PlatformsTarget Customer
Food Retail & ConsumptionRestaurantsWholesaleTransportation & LogisticsLogisticsPostal & CourierIndustrial ManufacturingDiscrete IndustriesAutomotiveGovernment & CityMunicipalitiesConsumersTransportation & MobilityBike & Scooter RidersCore Technology
Platforms & InterfacesMobileTags (8)
electric-vehiclessmart-mobilityautomotivemotorcycleslast-miledeliverymicromobilityclimate-techGeographic Markets
IsraelUnited StatesSouth AfricaBlitz Motors Financials
$10.47M
Total funding
Undisclosed
Capital raised
$6.31M
Last funding
Public
Funding stage
2
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
$6.3MDec 2021
$10.5MJun 2021
Private Equity Funding
PIPE
Dec 2021
$6.31M
Phoenix Group, Mor Research Applications
Undisclosed Round
Jun 2021
$4.16M
Public Offering / Exit
ReverseMergerEvent
Dec 2020
Undisclosed
Blitz Motors Lifecycle
Cumulative Funding Raised Over Time
$6.3MDec 2021
$10.5MJun 2021
All Events
PIPE
Dec 2021
$6.31M
Phoenix Group, Mor Research Applications
Undisclosed Round
Jun 2021
$4.16M
ReverseMergerEvent
Dec 2020
Undisclosed
Blitz Motors News
9 articles
growth-negative
איתן ורון יחליף את רפאל מוזינסקי בתפקיד מנכ"ל בליץ - Techtime - חדשות אלקטרוניקה והייטק
Blitz Technologies, an Israeli company that manufactures electric motorcycles for urban fleets, is undergoing management changes and preparing for a capital raise. The companys founder and CEO, Rafael Muzinsky, will step down from his role to focus on business development and sales, and will be replaced by Eitan Veron. This comes after a decline in sales in 2023 and the company is preparing to raise capital to ensure its continued operation. Blitz is also in the process of reducing expenses, with Muzinsky agreeing to a 25% pay cut in October 2023. The company is currently traded on the Tel Aviv Stock Exchange with a market value of 12.3 million shekels.
Management ChangesInvestment
Growth-negative
הקטנועים החשמליים של בליץ צברו הפסדים והביאו לקיצוץ בשכר הבכירים | כלכליסט
Blitz, an electric scooter developer, is facing increasing troubles as planned sales are postponed, losses grow, and the companys market value has dropped by 89% from a peak of 238 million shekels in January 2022 to 27 million now. In an attempt to stabilize its situation and reduce its expenses, the company has decided to cut senior salaries. The CFO left after a short period and the chairman also resigned. The companys main markets are Israel, Belgium, the Netherlands, and Britain and so far it has sold about 2,000 scooters. Most of its revenue comes from operations in Israel. Dominos Pizza franchisee was responsible for 33% of its revenues in 2022 and 45% in 2021.
Layoffs
growth-positive
Blitz Motors signs up with battery startup Addionics on Smart 3D electrodes
Blitz Motors has signed a collaborative agreement with battery startup Addionics to develop Smart 3D Electrodes for its electric moped fleet. The partnership aims to improve battery performance and reduce production costs for Blitzs electric mopeds. Addionics Smart 3D Electrodes will increase travel range, shorten charging times, and enhance overall safety. The optimized batteries are expected to be completed in 2023. Blitz Motors is the largest manufacturer of smart electric mopeds in Israel, while Addionics is a battery technology company focused on battery physics. The collaboration will accelerate the transition towards greener electric transportation.
PartnersCustomers
growth-positive
בליץ השלימה גיוס של כ- 20 מיליון ש״ח
BLITZ, an electric scooter company, has raised 20 million shekels from several investors, including Phoenix Group and Mor Investment House. The funds will be used to accelerate the companys expansion in Europe due to the high demand for its product. The company is also planning to expand its presence globally and focus on replicating its success in several countries in Europe and South Africa. This week, the company will deliver dozens of its first scooters as part of the deals recently reported to customers in the Netherlands, Belgium, and France.
InvestmentExpand
growth-positive
עסקה ראשונה לבליץ באירופה בהיקף של כ-2 מיליון ש"ח
Blitz Technologies, an electric vehicle company, has announced its first deal in Europe. The company has received an initial order from a last-mile delivery company that serves customers such as Amazon, IKEA, and Zolando. The order, valued at approximately €500,000, includes the delivery of electric scooters and related services over a period of 3 years. The company plans to start delivering the scooters in the fourth quarter of 2021. Additionally, Blitz Technologies is expanding its proof-of-concept projects and activities to France. The parties have also agreed to further collaboration in 2022, with a potential order worth around €2.5 million. The company aims to grow globally and distribute its unique solutions in new territories, particularly in Europe.
Customers
growth-positive
הנהלת חברת בליץ טכנולוגיות פתחה את המסחר לרגל הרישום בבורסה בת״א
בליץ טכנולוגיות, a company that manufactures and markets electric scooters and motorcycles, has started trading on the Tel Aviv Stock Exchange. The company, which also provides maintenance services for its vehicles, develops software and applications for optimization and real-time data analysis. It has sold around 2,000 vehicles, mainly to businesses in the delivery sector. The company merged with Amber Group in May 2021 and recently raised approximately 13.4 million shekels through a private placement. Its stocks were added to several indices on the Tel Aviv Stock Exchange. The CEO of Blitz Technologies expressed confidence in the companys global expansion and its success in the electric vehicle market. The article also mentions the partnership with Dominos Pizza, which became the first company in Israel to manage its entire fleet of vehicles based on electric and environmentally friendly scooters.
CustomersInvestmentPublic Trading
growth-positive
Domino's Pizza Israel buys 450 e-scooters from Blitz
Blitz Motors has completed a deal to fully electrify Dominos Pizzas delivery scooter fleet in Israel, making it the first company in the country with a 100% electric and green fleet. The deal, worth NIS 15.6 million, includes the electric motor scooters and three years of servicing. By the end of Q1 2021, Blitz will deliver an additional 130 scooters to Dominos Pizza, bringing the total fleet to 450 electric scooters. The switch to electric scooters will save Dominos Pizza Israel 702 tonnes of CO2 per year. The partnership with Blitz Motors allows Dominos Pizza to align with its environmental and ecological values and improve the safety of its couriers.
CustomersPartners
growth-positive
ענבר גרופ נכנסת לתחום האופנועים החשמליים - המניה מזנקת
Amber Group has signed a binding agreement to acquire Blitz Electric Motors, a company that manufactures and markets electric motorcycles. The deal involves issuing 60% to 75% of the companys shares plus options. Upon completion of the deal, Amber Group will acquire 100% of the shares and employee options in Blitz Motors in exchange for the issuance of non-tradable shares and options. Blitzs customers include Dominos Pizza Israel, McDonalds Israel, Pizza Hut Israel, the Vehicle Administration, and local authorities. The company has sold about 2,000 electric motorcycles so far.
AcquisitionExpand
growth-positive
Blitz Motors is taking its high speed electric scooters to Europe and India
Tel Aviv-based Blitz Motors has released its newest electric scooter model, the BLITZ3000X, which has a top speed of 90 km/h (56 mph). The company, which was founded in 2012, initially focused on developing efficient electric scooters for navigating between Israeli cities. With the success of its scooters, Blitz Motors is now planning to expand internationally to Europe and India. The scooters are currently used by commercial fleet operators, including Pizza Hut, Dominos, and McDonalds, for deliveries. The BLITZ3000X features swappable batteries that can be replaced in 30 seconds, allowing for continuous travel without the need to stop and charge. Blitz Motors is also working on opening a factory in India to cater to the Indian market.
Expand
Blitz Motors Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 19 |
| Team members | 4 |
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Blitz Motors Internal
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Admin Info
| Confidence | 92/100 |
| Missing | markets, not claimed |
| BI Verification | Natalia Golczar |
| Registrar ID | 514788702 |
| Crunchbase | blitz-electric-motors |
| Phone | +972722555722 |
| Creator | Katie Kaplan |
| Creator email | katherinekaplan14@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2022-09-29T00:00:00.000Z |
| Created | 2014-07-14T00:00:00.000Z |
| Status detail | Public on TASE on Dec, 2020; |