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Clean energy co Phinergy raises NIS 200m in TASE IPO


Clean energy co Phinergy raises NIS 200m in TASE IPO
The IPO was at a pre-money valuation of NIS 780 million.
Clean energy company Phinergy has announced the successful completion of an IPO on the Tel-Aviv Stock Exchange. The company raised NIS 200 million ($60 million) in the IPO that was two-times oversubscribed, at a NIS 780 million ($237 million) pre-money valuation. The company is expected to start listing in the course of next week under the ticker symbol PNRG.
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Phinergy was founded by Aviv Tzidon (chairman) and headed by CEO David Mayer. The offering was led by Leader Underwriters, Leumi Partners and Menora Mivtachim Underwriters & Management. ....

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Korea adopting Israeli Technology Breakthrough for Learning English


Korea adopting Israeli Technology Breakthrough for Learning English
USA - English
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SEOUL, South Korea, Feb. 4, 2021 /PRNewswire/  
MagniLearn, a leading Israeli ed-tech company that is transforming English learning with purely personalised technology announced a partnership today with Korea s
The Education Company , a leading network of schools with over 5,000 students throughout Korea and with Kim Venturous as a local strategic partner.
MagniLearn, founded by world-renowned leaders in the fields of AI, Neuro-Science and Cognition from the Hebrew University of Jerusalem, has targeted Korea and Japan as key strategic targets for its expansion in Asia. MagniLearn s VP of Business Development, Hadar Abramovich, is located in Seoul to prioritize its expansion in East Asia. ....

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Israel launches pilot plan for testing drone transportation - World News


2021-02-03 12:35:14 GMT2021-02-03 20:35:14(Beijing Time) Xinhua English
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JERUSALEM, Feb. 3 (Xinhua) Israel has announced a pilot program to demonstrate and test drone flights in managed airspace, including drone deliveries, the Israel Innovation Authority (IIA) said Wednesday.
The program is a step toward integrating drones in Israeli transportation, including delivery of medicines, tests and medical equipment, agricultural spraying, postal services, and delivery of food and other products to the customer s home.
The main purpose of this program is to improve the landscape of transportation options in Israel and develop the ecosystem for urban uses of drones. ....

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Selected companies to perform a demonstration in a first of its kind pilot in which ~ 20 drones from five different companies will simultaneously fly in a managed urban airspace - sUAS News


3 February 2021
5 startups and companies will receive a total of ~ 6 million NIS in grants to perform pilots demonstrating drone technologies in a managed airspace
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Aharon Aharon, CEO Israel Innovation Authority: “Operating drones in a managed urban airspace is one of the most significant challenges prior to establishing regulation and integration of autonomous drones in Israel’s airspace. Implementation of this pilot program, while demonstrating the operation of various drones by a number of different operators in the same airspace, marks the beginning of a new age in Israel’s smart transportation. From delivery of medicines, tests and medical equipment, on to agricultural spraying and postal services or food delivery to the customer’s home, this constitute a revolution in transportation as we know it. Together with our different partners, the acceleration of the ecosystem will allow Israel to lead the new age on a global level.” ....

Itamar Ben Meir , Civil Aviation Authority Of Israel , Airwayz Drones Ltd , Hartek Technologies Ltd , Israel Innovation Authority , Simplex Interactive Ltd , Ft Aerial Solutions Ltd , Ministry Of Transportations , Ministry Of Transportation , Israeli Ministry Of Transportation , Lander Aviation Ltd , Smart Mobility Initiative , Innovation Authority , Offer Malka , Ben Meir , Israeli Ministry , Fuel Choices , Prime Minister , Urban Air Mobility , Civil Aviation Authority , Ayalon Highways , Highways Company , Control Center , High Lander Aviation , Airwayz Drones , Hartek Technologies ,