# Tactile Mobility

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tactile-mobility

- Industry: Software
- Headquarters: Haifa, Israel
- Website: www.tactilemobility.com
- Total disclosed funding: $27M
- Latest round: Series C (Oct 27, 2021)
- Investors on record: 5

## About

Tactile Mobility Ltd. is a pioneering technology firm focused on enhancing vehicle safety and performance through advanced tactile sensing solutions, transforming the driving experience with real-time data insights.Founded in 2012 in Haifa, Israel, Tactile Mobility Ltd. specializes in tactile sensing technology for vehicles. The company has completed three funding rounds, with the latest being a Series C round in October 2021, raising USD 27.00 mn led by Delek Motors, with participation from Goodyear Ventures, Porsche Ventures, The Group Ventures, and Union Tech Ventures. The CEO of the company is Shahar Bin-Nun, and the founder is Boaz Mizrachi, who has a history of entrepreneurship in technology.Tactile Mobility specializes in innovative solutions designed to enhance the driving experience through advanced tactile sensing technology. Their core product offerings include real-time onboard grip estimation, tire health monitoring, weight estimation, and crowdsourced road grip mapping. These solutions enable vehicles to sense road conditions and gather critical data on tire wear and vehicle dynamics, ultimately improving safety and efficiency for drivers. The company targets various industries, including automotive manufacturers, tire producers, car insurers, and municipal road authorities, providing data-driven insights that are crucial for regulatory compliance and operational excellence. Their products are deployed in diverse geographical markets, including major automotive hubs across North America, Europe, and Asia, where demand for smart vehicle technologies is rapidly increasing.Tactile Mobility generates revenue through strategic partnerships and data-driven service contracts with automotive OEMs, tire manufacturers, and other stakeholders in the transportation ecosystem. The transactional structure typically involves B2B agreements where clients subscribe to Tactile Mobility's suite of services, often tailored to specific operational needs such as grip level estimation and tire health monitoring. Clients may pay recurring fees associated with software solutions or one-time fees for installation and integration of their systems. By providing actionable insights into vehicle performance and road conditions, Tactile Mobility positions itself as a valuable partner in the connected vehicle space, enhancing the operational capabilities of its customers in a competitive market landscape.Following the Series C funding round in October 2021, where Tactile Mobility Ltd raised USD 27.00 mn, the company plans to utilize the funding to develop its virtual sensors, expand its product offerings, and bolster its cloud platform. Tactile Mobility aims to launch new products that enhance vehicle safety and efficiency. Additionally, the company has plans to expand into new markets, specifically targeting regions in Europe and Asia by the end of 2023.

## Funding rounds

- Series C, Oct 27, 2021, $27M — Union Tech Ventures, Porsche Ventures, The Group Ventures, Delek Motors, Goodyear Ventures

## Investors

- Union Tech Ventures (https://capitalatlas.ai/funds/union-tech-ventures) — Series C
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series C
- The Group Ventures (https://capitalatlas.ai/funds/the-group-ventures) — Series C
- Delek Motors — Series C
- Goodyear Ventures (https://capitalatlas.ai/funds/goodyear-ventures) — Series C