Israeli climate-tech start-up BladeRanger and Alpha Solar, one of Bahrain’s leading energy providers, have announced a new partnership to assist solar site owners in the Gulf region to maximize power generation by utilizing the former’s autonomous solar-panel cleaning robots. Read more here in Jerusalem Post.
Author: Idan Nishlis
Israeli online trading platform eToro has completed a USD250 million financing round at a company valuation of USD3.5 billion. eToro raised capital for the first time since 2018, after failing to go public in 2022 through a SPAC merger. FinTech Acquisition Corp. V and eToro mutually agreed eight months ago to terminate a proposed $10.4 billion deal […]
Israeli geothermal energy company Ormat Technologies Inc. has raised USD 300 million on the NYSE. Ormat operates in two sectors of activity in geothermal energy: in the electricity sector it builds power plants and operates them under its own ownership, and in the products sector, it builds power plants for others. At the same time, the company […]
Clal Insurance has joined forces with PPHE Hotel Group in connection with a new hotel fund, which is to acquire hotels across city centers in Western Europe and aims to raise a total of NIS 1 billion to implement its strategy. Netherlands-headquartered PPHE Hotel Group is an international hospitality real estate group with a £1.7 billion portfolio […]
Gilat Satellite Networks Ltd. has signed a definitive agreement to purchase DataPath, Inc. a market leader in trusted communications for the US DoD, Military and Government Sectors. The acquisition is another step in Gilat’s initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the Defense sector to increase […]
Azrieli and its data centre business Green Mountain, a wholly owned subsidiary, have signed a hyperscale data centre agreement with TikTok to support its increasing data storage and processing needs in Europe. DLA Piper advised Israel’s real estate group Azrieli, which bought Norwegian data center company Green Mountain in 2021 for appx. USD 850 million. […]
Nasdaq listed Molekule Group has entered into a definitive agreement to acquire Aura Smart Air, an Israeli-based company listed on the Tel Aviv Stock Exchange, in an all-stock merger with a value of approximately USD 10 million. Molekule is an emerging leader in air purification technology solutions, and has the largest range of proprietary and […]
Israeli nonprofit Start-Up Nation Central will hold the first conference for business leaders from Israel and Bahrain, the Connect2Innovate conference, from March 13-15. Read more.
The new alliance of Taylor Wessing and ECIJA enhances an already competitive international offering for TMC and Life Sciences & Healthcare sector clients and is expected to support Israeli clients with growth in Spain, Portugal and Latin America. The new strategic alliance for Taylor Wessing and ECIJA creates a combined network of over 3.000 professionals […]
Israeli insurtech company Assured Allies today announced the completion of a $42.5 million Series B financing round. This brings the total amount raised by Assured Allies to $65 million. The round was co-led by FinTLV Ventures and existing investor Harel Insurance, and was joined by new and existing investors including Lumir Ventures, Hamilton Lane, New […]
