Al Gore Invests in Israeli Cleantech Start-Up
U.S. Vice President Al Gore has invested in an Israeli start-up company with technology that promotes safe driving.
Gore’s cleantech fund Generation Investment Management LLP and five other investors have pledged $10 million in financing to GreenRoad Technologies Ltd., the Israeli business daily Globes reported late Monday.
GreenRoad was founded in 2002. Its proprietary technology-based GreenRoad 360 service provides drivers and fleet managers with real-time, comprehensive and preventative feedback, analysis, reporting and coaching on drivers’ abilities, maneuvers and patterns.
The company says that customers can realize a 50 percent reduction in accident-related costs and a 10 percent reduction in gas usage in the first year, Globes reported.
The company’s headquarters are located near San Francisco. Its research and development center is in Or Yehuda, near Tel Aviv.
It’s our birthday and we’re still celebrating!
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news.
This week we celebrate 129 years of the Forward. We’re proud of our origins as a Yiddish print publication serving Jewish immigrants. And we’re just as proud of what we’ve become today: A trusted source of Jewish news and opinion, available digitally to anyone in the world without paywalls or subscriptions.
We’ve helped five generations of American Jews make sense of the news and the world around them — and we aren’t slowing down any time soon.
As a nonprofit newsroom, reader donations make it possible for us to do this work. Support independent, agenda-free Jewish journalism and our board will match your gift in honor of our birthday!
Support our mission to tell the Jewish story fully and fairly.
