Company Overview
Snapshot
Founded in February 2014 by Asaf Formoza, Ph.D., Udi Meridor, and Eyal Cremer, City Transformer operates with 11–50 employees. The company has raised $20.36 million across 9 funding rounds from 4 investors.
Business overview
City Transformer is an Automotive & Mobility Technologies company developing an electric city vehicle designed to enhance urban driving experiences. Its core product, the CT, features a patent-registered folding mechanism that allows it to narrow to one meter in width, making it easier to maneuver and park in congested city environments. The company's vehicles are 100% electric, producing zero emissions, and their reduced weight contributes to lower energy consumption and emissions during manufacturing and operation. City Transformer operates within the Urban Mobility and Electric Mobility & Alternative Fuels sectors, targeting municipalities and B2B business models.
Strategic signal
In January 2023, City Transformer announced its strategic focus on Europe's urban markets with its compact electric vehicle. This move signals the company's intent to capitalize on the growing demand for sustainable and space-efficient urban transportation solutions, positioning itself as a key player in the evolving micromobility landscape and addressing critical challenges like urban congestion and parking scarcity.
Log in to access full profile ›Company Intelligence Q&A
- What is City Transformer's core product?
- City Transformer's core product is the CT, an electric city vehicle featuring a patent-registered folding mechanism that allows it to narrow to one meter in width, designed for improved urban maneuverability and parking efficiency.
- When was City Transformer founded and by whom?
- City Transformer was founded in February 2014 by Asaf Formoza, Ph.D., Udi Meridor, and Eyal Cremer.
- What significant partnership did City Transformer announce in October 2021?
- In October 2021, City Transformer partnered with United Hatzalah to bring faster EMS care to Israel's cities, utilizing its compact electric vehicles for rapid response.
- What was a notable recognition for City Transformer in November 2020?
- In November 2020, City Transformer's electric vehicle was recognized by Time Magazine as one of the '100 Best Inventions of 2020' for its innovative design.