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12 06 2019 02

TEL AVIV, Israel — Ford Motor Co. on Wednesday formally opened a research center here intended to help the automaker tap into the region's burgeoning mobility startup community.

Israel in recent years has grown to rival Silicon Valley in terms of tech entrepreneurship, with success stories such as Mobileye, which is headquartered in Jerusalem and was acquired by Intel in 2017 for $15 billion. Investors have poured roughly $6 billion into Israeli smart mobility startups since 2013, according to EcoMotion, a nonprofit organization that hosts a yearly mobility conference in Tel Aviv.

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Tags: Mobility

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