City Transformer Overview
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.
Cumulative Funding Raised Over Time ($)
$440KDec 2018
$1.1MJul 2017
$3.9MJul 2020
$4.0MMar 2017
$14.0MMay 2022
$18.7MNov 2020
Latest News
growth-positive
הסטארט-אפ שמפתח מכונית מתקפלת מגייס 50 מיליון ד', ומתכונן לפיילוט בת"א
סיטי טרנספורמר, הישראלית המפתחת כלי רכב עירוני זעיר, יוצאת לסבב גיוס בסך 50 מיליון דולר. הגיוס יאפשר את תחילת הייצור הסדרתי של הכלי רכב, וצפוי להתרחש בסוף השנה.
Investment
growth-positive
With tiny EV, City Transformer takes aim at Europe's urban markets
Israeli electric vehicle startup City Transformer plans to launch production of its CT-2 model in Western Europe by the end of 2024. The company aims to raise $50 million in a Series B funding round to accelerate series production. The CT-2, already approved for use in the European Union and Britain, is a small urban electric vehicle with a range of 180 kilometers. It is narrow enough to fit four vehicles into a conventional cars parking spot. The CT-2 will cost 16,000 euros before taxes. City Transformer is lobbying the EU for subsidies for smaller EVs like the CT-2.
InvestmentExpand
growth-positive
City Transformer and United Hatzalah Strike Partnership to Bring Faster EMS Care to Israel's Cities - JEMS
City Transformer has entered into a partnership deal with United Hatzalah, an EMS organization, to provide 1,000 all-electric compact vehicles for use by the organizations volunteers in responding to medical emergencies. The deal is worth $22 million and marks the debut of shared fleet vehicles in the field of emergency services. The vehicles, equipped as first-aid vehicles, will be strategically positioned throughout cities in Israel, and volunteers will be able to locate and use them through an app. City Transformer plans to deliver 50 vehicles upfront, with more units expected to join within the next five years. The company aims to penetrate the Israeli market by 2023.
Partners
growth-positive
קבוצת לובינסקי רכשה 2.5% בסיטי טרנספורמר
City Transformer, an Israeli company that produces foldable electric cars, has announced a strategic partnership with the Lubinski Group, which has purchased shares in the company worth millions of shekels and will hold about 2.5% of the companys shares. The company has completed the initial production of its new model of foldable electric urban car, which is expected to receive European standard approval in 2021. The first cars are expected in Israel in 2023. The company also plans to go public on the Tel Aviv Stock Exchange at a value of 450-600 million NIS in the second quarter of 2021.
PartnersInvestment
growth-positive
סיטי טרנספורמר הישראלית חשפה רכב חשמלי חדש ב-45 אלף ש"ח
Israeli company City Transformer has unveiled its seventh generation CT-1, an electric urban vehicle that can accommodate two passengers and adjust its wheelbase width according to user requirements. The vehicle is designed for short-range urban travel and can park in spaces where regular cars cannot, saving up to 75% in parking space. 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.
Expand
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $20.36M |
| Last funding | $10M |
| Stage | A |
| Rounds | 9 |
| Investors | 4 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | citytransformer.com |
Locations
Dvora HaNevi'a Street 121, Tel Aviv-Yafo, Israel
Photos & Videos
4 item(s)
City Transformer Business
Business models
B2B
Product stage
Beta
Employees
11-50
Sector
Climate TechEco-Efficient Transportation & LogisticsEco-Efficient Electric Vehicle Infrastructure & PlatformsAutomotive & Mobility TechnologiesUrban MobilityElectric Mobility & Alternative FuelsTarget Customer
Government & CityMunicipalitiesCore Technology
Machinery & RoboticsTags (7)
smart-mobilityparkingautomotiveelectric-vehiclesclimate-techmicromobilitymunicipalitiesGeographic Markets
EuropeCity Transformer Financials
$20.36M
Total funding
Undisclosed
Capital raised
$10M
Last funding
A
Funding stage
9
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$440KDec 2018
$1.1MJul 2017
$3.9MJul 2020
$4.0MMar 2017
$14.0MMay 2022
$18.7MNov 2020
Private Equity Funding
A Round
May 2022
$10M
Afifi Group, Lubinski Group
Undisclosed Round
Nov 2020
$4.7M
Undisclosed Round
Jul 2020
$2.8M
Seed
Dec 2018
$440K
ADI TECH (Lead)
Seed
Jul 2017
$610K
Undisclosed Investor(s)
Pre-Seed
Mar 2017
$130K
Undisclosed Investor(s)
Non-Equity Funding
GrantEvent
Jun 2021
$428.57K
GrantEvent
Jun 2019
$767.08K
GrantEvent
Sep 2017
$480K
governmental Grants
City Transformer Lifecycle
Cumulative Funding Raised Over Time
$440KDec 2018
$1.1MJul 2017
$3.9MJul 2020
$4.0MMar 2017
$14.0MMay 2022
$18.7MNov 2020
All Events
A Round
May 2022
$10M
Afifi Group, Lubinski Group
Undisclosed Round
Nov 2020
$4.7M
Undisclosed Round
Jul 2020
$2.8M
Seed
Dec 2018
$440K
ADI TECH (Lead)
Seed
Jul 2017
$610K
Undisclosed Investor(s)
Pre-Seed
Mar 2017
$130K
Undisclosed Investor(s)
GrantEvent
Jun 2021
$428.57K
GrantEvent
Jun 2019
$767.08K
GrantEvent
Sep 2017
$480K
governmental Grants
City Transformer News
22 articles
growth-positive
הסטארט-אפ שמפתח מכונית מתקפלת מגייס 50 מיליון ד', ומתכונן לפיילוט בת"א
סיטי טרנספורמר, הישראלית המפתחת כלי רכב עירוני זעיר, יוצאת לסבב גיוס בסך 50 מיליון דולר. הגיוס יאפשר את תחילת הייצור הסדרתי של הכלי רכב, וצפוי להתרחש בסוף השנה.
Investment
growth-positive
With tiny EV, City Transformer takes aim at Europe's urban markets
Israeli electric vehicle startup City Transformer plans to launch production of its CT-2 model in Western Europe by the end of 2024. The company aims to raise $50 million in a Series B funding round to accelerate series production. The CT-2, already approved for use in the European Union and Britain, is a small urban electric vehicle with a range of 180 kilometers. It is narrow enough to fit four vehicles into a conventional cars parking spot. The CT-2 will cost 16,000 euros before taxes. City Transformer is lobbying the EU for subsidies for smaller EVs like the CT-2.
InvestmentExpand
growth-positive
City Transformer and United Hatzalah Strike Partnership to Bring Faster EMS Care to Israel's Cities - JEMS
City Transformer has entered into a partnership deal with United Hatzalah, an EMS organization, to provide 1,000 all-electric compact vehicles for use by the organizations volunteers in responding to medical emergencies. The deal is worth $22 million and marks the debut of shared fleet vehicles in the field of emergency services. The vehicles, equipped as first-aid vehicles, will be strategically positioned throughout cities in Israel, and volunteers will be able to locate and use them through an app. City Transformer plans to deliver 50 vehicles upfront, with more units expected to join within the next five years. The company aims to penetrate the Israeli market by 2023.
Partners
growth-positive
קבוצת לובינסקי רכשה 2.5% בסיטי טרנספורמר
City Transformer, an Israeli company that produces foldable electric cars, has announced a strategic partnership with the Lubinski Group, which has purchased shares in the company worth millions of shekels and will hold about 2.5% of the companys shares. The company has completed the initial production of its new model of foldable electric urban car, which is expected to receive European standard approval in 2021. The first cars are expected in Israel in 2023. The company also plans to go public on the Tel Aviv Stock Exchange at a value of 450-600 million NIS in the second quarter of 2021.
PartnersInvestment
growth-positive
סיטי טרנספורמר הישראלית חשפה רכב חשמלי חדש ב-45 אלף ש"ח
Israeli company City Transformer has unveiled its seventh generation CT-1, an electric urban vehicle that can accommodate two passengers and adjust its wheelbase width according to user requirements. The vehicle is designed for short-range urban travel and can park in spaces where regular cars cannot, saving up to 75% in parking space. 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.
Expand
growth-positive
סיטי טרנספורמר השלימה גיוס לקראת הנפקה של 15.5 מיליון ₪
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. The company has so far raised around 35 million shekels in investment, including grants from the Innovation Authority and the Ministry of Energy. The IPO is expected to take place in the second quarter of 2021. The company, founded in 2014, aims to develop tiny electric vehicles to improve personal, shared, and commercial mobility in cities around the world.
InvestmentPublic Trading
growth-positive
Israeli folding car co City Transformer plans TASE IPO
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. The company has developed a super-compact city car that can fold up to just 1 meter wide for parking in narrow spaces. The car has a range of 120-180 kilometers and can travel at a maximum speed of 90 kilometers per hour. City Transformer expects to begin serial production in 2022. The company aims to obtain regulatory approval in Europe in the Quadricycle category. The car will be manufactured abroad, possibly in China.
Public TradingExpand
growth-positive
City Transformer Electric Vehicle: The 100 Best Inventions of 2020
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. The company expects the first vehicles to be on the road in Tel Aviv by 2022 and plans to start mass production in 2023.
Expand
12 ideas that are building a better world
growth-positive
N12 - הרכב שיכול להיכנס לכל מקום חניה: הכירו את הפיתוח הישראלי
Israeli entrepreneurs have developed the City Transformer, a foldable electric car that can fit into narrow spaces and parking spots. 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. The expected price of the foldable car is around 60,000 shekels.
Customers
growth-positive
Israel's Government to Fund a Folding Electric Vehicle and Hydrogen Gas Stations
The Energy and Water Resources Ministry of Israel, in conjunction with the Prime Ministers Offices national program for fuel alternatives and smart mobility, is investing NIS 22 million (approximately $6.32 million) in selected energy and transportation projects. City Transformer Ltd., an Israel-based company developing an ultra-light electrical vehicle capable of folding its chassis at a push of a button, has recently received a NIS 2 million grant ($570,000) from the Israeli government. The grant will cover half of the investment required by the developers, up to a maximum threshold of up to NIS 3 million ($860,000) per company for each project. Other projects selected to participate include a hydrogen gas station and a vehicle-mounted portable power storage battery.
Investment
N/A
Welcome to Unpacked
The article is a welcome message to Unpacked, a platform for Jewish articles, videos, podcasts, and recipes.
growth-positive
https://www.jpost.com/Israel-News/Hate-parking-in-Tel-Aviv-Shrinkable-car-offers-solution-585470
City Transformer, a Kfar Netter start-up, has developed a fully electric light city car that can shrink its wheel base to the width of a motorcycle. 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. The sales forecast ranges from tens of thousands to hundreds of thousands of vehicle sales per year.
InvestmentExpand
growth-positive
Honey, I shrunk the car: Israeli folding vehicle to take on urban street woes
Israeli startup City Transformer is developing a car that can adjust its size according to need, aiming to ease traffic congestion in cities. The vehicle has a foldable chassis that can expand from 1 meter to 1.44 meters in width, transforming from a motorbike-like vehicle to a small car. The company plans to build a prototype and assemble the first 10 vehicles for a pilot in Tel Aviv within a year. The car is expected to be more affordable than a normal small car, priced at around $10,000. City Transformer also aims to create a community around the cars and allow for car-sharing when drivers are abroad.
CustomersExpand
N/A
Welcome to Unpacked
Unpacked is a platform for Jewish articles, videos, podcasts, and recipes.
growth-positive
Could this 'foldable' Israeli car solve your S.F. parking woes? - J.
Israeli company City Transformer has designed a foldable electric car that can transform into a compact mini-vehicle for easy parking. The car, called City Transformer, has two modes: one with its wheels extended for stability and visibility on the road, and one with its wheels tucked in for parking. The company aims to target the international market and plans to launch the car within two years. The base model is expected to cost $10,000, and the car has a range of 80 to 112 miles. City Transformer hopes to address the parking problem in crowded cities and position itself as a second car option for parents or young people.
Customers
growth-positive
Is City Transformer's new folding car the answer to our parking problems?
Israeli company City Transformer has designed a self-driving car that can fold itself to fit into a motorcycle parking space. This innovation aims to address the problem of parking in urban areas and reduce energy consumption. The concept car, unveiled at a summit in Tel Aviv, is planned to launch as a stage 3 autonomous vehicle. It is suitable for individual drivers, corporate fleets, and car-sharing stations. The basic model is expected to cost around $10,000, while the premium model will cost $13,000.
CustomersExpand
growth-positive
City Transformer: Israelisches Startup zeigt faltbares Elektroauto, das auf einen Motorrad-Parkplatz passt
City Transformer, a startup based in Tel Aviv, has designed the worlds first foldable car. The prototype was recently presented at the Smart Mobility Summit in Tel Aviv and has attracted interest from investors and car manufacturers. The compact car can retract its wheels to fit into a parking space for a larger motorcycle. The company plans to focus on logistics and car-sharing providers initially, with a target price of at least $10,000 by the end of 2019. City Transformer aims to incorporate autonomous driving capabilities and electric mobility in the vehicle. The company has formed partnerships with Yamaha Motor Ventures, Altair, Fiat, and Rassini. The concept is similar to the Hiriko Fold, a foldable electric car that was introduced in 2012 but failed to gain traction.
InvestmentPartners
growth-positive
New city transformer concept car Madan
City Transformer, an Israeli electric vehicle company, is developing a compact, foldable car that can transform from a two-seater to a one-meter-wide vehicle. The company has partnerships with Yamaha Motor Ventures, Altair, and Rassini. The car will have 1,000 parts and cost only 1 euro to drive 100 kilometers. City Transformer plans to offer a three-seater and a one-seat small cargo version. The prototype will incorporate connected-car software and is planned to be launched as a stage 3 autonomous vehicle. The company is in negotiations with a tier-one manufacturer for the battery and powertrain. City Transformer plans to raise funding in early 2018 to build the first 50 cars.
PartnersInvestment
growth-positive
The new folding car that shrinks to fit motorbike parking
City Transformer, an Israeli company, is unveiling a new electric smart car at a transportation summit in Tel Aviv. The cars unique feature is a foldable wheelbase that allows it to fit into motorcycle parking spaces. City Transformer has partnerships with companies such as Yamaha Motor Ventures and Altair. The car is designed for urban transport and is planned to be launched as a stage 3 autonomous vehicle. The company is also planning a Series A funding round in early 2018 to build the first 50 cars. The basic model is expected to cost $10,000.
Partners
growth-positive
4 start-ups from Microsoft Israel's ThinkNext 2015
Israeli start-up RideOn has developed ski goggles that incorporate augmented reality, allowing skiers to follow a specific point on a map, communicate with friends, and play games while skiing. The company successfully raised $113,000 in a crowdfunding campaign. Other innovations featured in the article include a collapsible car, a digitized shower system, and a dongle for transmitting TV sound to smartphones.
Investment
City Transformer electric folding car is a kit car for urban dreams [video] - Green Prophet
City Transformer Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 18 |
| Team members | 5 |
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City Transformer Internal
Recent Updates
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Natalia Golczar |
| Registrar ID | 515047363 |
| Crunchbase | city-transformer |
| Creator | Katie Kaplan |
| Creator email | katherinekaplan14@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-16T00:00:00.000Z |
| Created | 2014-07-14T00:00:00.000Z |
| Claimed | Yes |