Congratulations to our venture: motec with two investments in Smart Mobility.

Our venture achieves another milestone: motec ventures started its first investment in the Smart Mobility sector with Israeli company RFISee (the world’s first 4D imaging-radar-on-1-chip) and CarFellows (a German joint venture between a German multi-brand dealer group and an industry leading team of auto entrepreneurs). Both firms were funded by international private industry co-investors, one major German “Mittelstand” company and a tech-oriented family office. By Q1 2019 further investments in the Smart Mobility sector are expected as the fund will be backed by additional external investors out the close network around Geza Berger and Berthold Baurek-Karlic, both Managing Director of motec ventures.

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Berlin / Vienna 23.01.2019