Newlight
Dual-Fuel Technology for Shipping Emission Reduction
StartupNewlight is a Haifa-based startup in the Automotive & Mobility Technologies sector, established in 2024. Dual-Fuel Technology for Shipping Emission Reduction. The company has raised a total of $150K across 1 funding round, currently at the Seed stage. Newlight was founded by Evyatar Cohen. Key investors include Fusion VC. The company has 11-50 employees.
With $150K in total funding, Newlight is a Seed-stage company operating in Automotive & Mobility Technologies. The company follows a B2B business model. Product stage: R&D.
- StageSeed
- ProductR&D
- ModelB2B
- Employees11-50
- HQHaifa
- DistrictNorth District
- Last Round$150K
- Fusion VC
Evyatar CohenCo-founder & COO
What does Newlight do?
Newlight Technologies focuses on decarbonizing the shipping industry by integrating hydrogen into conventional diesel engines. Their plug-in solution reduces fuel consumption by up to 30% and significantly lowers greenhouse gas emissions by up to 60%. This technology allows for the use of hydrogen and diesel as dual fuels without major engine modifications, providing both environmental and economic benefits for the shipping industry.
How much funding has Newlight raised?
Newlight has raised $150K in total funding across 1 rounds. The company is currently at the Seed stage. Key investors include Fusion VC.
Who founded Newlight?
Newlight was founded in 2024 by Evyatar Cohen (Co-founder & COO).
What sector is Newlight in?
Newlight operates in Climate Tech, Eco-Efficient Transportation & Logistics, Eco-Efficient Mobility Optimization & Logistics, Energy Transition, Hydrogen, Automotive & Mobility Technologies, Logistics & Transportation Management. Target customers: Transportation & Logistics, Logistics, Maritime.
Where is Newlight located?
Newlight is based in Haifa, Israel, North District.