City Transformer
Foldable Electric City Car
StartupCity Transformer is a Tel Aviv-Yafo-based startup in the Automotive & Mobility Technologies sector, established in 2014. Foldable Electric City Car. The company has raised a total of $20.36M across 9 funding rounds, currently at the A stage. City Transformer was founded by Asaf Formoza, Ph.D. and Eyal Cremer. Key investors include Afifi Group, Lubinski Group, ADI TECH, among 4 total investors. The company has 11-50 employees. Core technologies: Machinery & Robotics.
With $20.36M in total funding, City Transformer is a A-stage company operating in Automotive & Mobility Technologies. The company follows a B2B business model. Product stage: Beta. The company holds 1 patent. City Transformer is identified as relevant to climate technology.
- StageA
- ProductBeta
- ModelB2B
- Employees11-50
- HQTel Aviv-Yafo
- DistrictCenter District
- Last Round$10M
- Afifi Group
- Lubinski Group
- ADI TECHLead
4 investors total
Asaf Formoza, Ph.D.Co-founder & CEO
Eyal CremerCDO
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What does City Transformer do?
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.
How much funding has City Transformer raised?
City Transformer has raised $20.36M in total funding across 9 rounds. The company is currently at the A stage. Key investors include Afifi Group, Lubinski Group, ADI TECH.
Who founded City Transformer?
City Transformer was founded in 2014 by Asaf Formoza, Ph.D. (Co-founder & CEO), Eyal Cremer (CDO).
What sector is City Transformer in?
City Transformer operates in Climate Tech, Eco-Efficient Transportation & Logistics, Eco-Efficient Electric Vehicle Infrastructure & Platforms, Automotive & Mobility Technologies, Urban Mobility, Electric Mobility & Alternative Fuels, with core technologies in Machinery & Robotics. Target customers: Government & City, Municipalities.
Where is City Transformer located?
City Transformer is based in Dvora HaNevi'a Street 121, Tel Aviv-Yafo, Israel, Center District.