Maniv - The Future of Mobility

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Information about Maniv - The Future of Mobility

Published on November 10, 2016

Author: loukerner

Source: slideshare.net

1. INVESTING IN NEW MOBILITY

2. DIGITIZATION OF INFORMATION 1990 2015 2

3. DIGITIZATION OF TRANSPORTATION 2016 2040 3

4. 4 Car giants look to Israel for self-driving technology The Existential Question Facing the Auto Industry The Merging Worlds of Technology and Cars Car Makers Hunger for Self-Driving Tech

5. Maniv’s goal is to identify, fund and help grow young companies poised to enable, and to benefit from, the massive change in mobility ahead – including technology to support autonomous transportation. In the past two years we have backed thirteen such companies in Israel and the US - and are seeking resources to do more. 5

6. TRADITIONAL TRANSPORTATION IS HIGHLY INEFFICIENT, AND HAS BECOME OUTMODED SOURCE: MCKINSEY AN AMERICAN ROAD REACHES PEAK THROUGHPUT ONLY 5% OF THE TIME EVEN THEN, IT IS ONLY 10% COVERED WITH CARS US LAND USE IN SQUARE MILES DelawareParking 5000 2491 0.8% looking for parking 0.5% sitting in congestion 2.6% Driving (productive use) The typical American car spends ~96% of its time parked 86% of fuel never reaches the wheels Inertia Transmission Losses Energy used to move the person (productive use) Auxiliary PowerRolling Resistance Aerodynamics Engine Losses Idling ENERGY USE WITHIN THE VEHICLE 6

7. POTENTIAL SAVINGS FROM AUTONOMOUS VEHICLES SOURCE: MORGAN STANLEY AUTONOMOUS VEHICLES TOTAL SAVINGS $1.3TN $158 BILLION Total savings from accident avoidance Productivity gains from autonomous cars Productivity gains from congestion avoidance Fuel savings Fuel savings from congestion avoidance $11 BILLION $138 BILLION $507 BILLION $488 BILLION 7

8. FROM INDUSTRIAL PRODUCTION AT SCALE… 8

9. …TO A DIGITAL PLATFORM software machine vision machine learning big data embedded systemsrobotics cybersecurity Which aligns rather well with Israel’s core technological strengths 9

10. $1.3B Acquisition $2B Valuation ISRAEL HAS ALREADY ESTABLISHED AN IMPRESSIVE RECORD IN MOBILITY STARTUPS Acquired for $170M Acquired for $70M $890M IPO (Israel’s largest) $7B market cap Many veteran entrepreneurs from telecom sector as well as early mobility innovators (Waze, Mobileye, Moovit, etc) now creating or supporting a new wave of mobility startups A MATURING ECOSYSTEM Smart rideshare leader Leading transit app 10

11. ISRAELI INVESTORS’ ENTHUSIASM FOR START-UPS BUCKS GLOBAL TREND WITH A COMBINED VALUE OF ISRAEL IN 2015 SAW $87 million $9.02 billion AND AVERAGE DEAL SIZE OF 104 exits 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 5 4 3 2 1 0 Israeli high-tech capital raising $BN Foreign & other investors Israeli VCs 11

12. MAJOR TECH COMPANIES DO R&D IN ISRAEL GM is the first carmaker to have established a high tech R&D center in Israel-it is now planning to triple the size of the center while other carmakers are actively looking to follow AND CARMAKERS ARE FOLLOWING THIS TREND 12

13. AND THE INDUSTRY IS SUDDENLY BEGINNING TO TAKE NOTE 13 May 2016 Here's Why the Global Automobile Industry Is Turning to ... Israel? Jun 2016 Autonomous cars herald new era for Israeli high-tech Jun 2016 Car tech fast lane? Why automobile makers are rushing to Israel Jun 2016 Israel should be the first country to support driverless cars

14. EXIT POTENTIAL: AUTOMOTIVE TECH M&A MARKET IS HEATING UP 85% 59% 97% 57% 24% Of automotive executives expect the M&A market to improve in the next 12 months. Of automotive companies expect to pursue acquisitions in the next 12 months. Of automotive companies expect to close the same number or more deals in the next 12 months when compared to the prior year. Of automotive companies intend to pursue acquisitions outside their own sector. Of future transactions are anticipated to exceed U.S. $250 million in value. SOURCE: ERNST & YOUNG 14

15. 15 TREMENDOUS ACQUISITION HUNGER AND HUGE INVESTMENTS IN THIS SPACE: Jan 2016 Nov 2015 Mar 2016 Google to Get Fiat Chrysler Minivans for Self-Driving Tests May 2016 Uber buys self-driving truck startup Otto; teams with Volvo Ford and Baidu Invest $150 Million in Velodyne for Affordable Lidar for Self-Driving Cars Aug 2016 Aug 2016

16. FORCES DRIVING CHANGE IN THE AUTOMOTIVE INDUSTRY DEMOGRAPHIC TRENDS BUSINESS MODEL INNOVATION TECHNOLOGICAL PROGRESS 16

17. DEMOGRAPHIC CHANGE WILL ACCELERATE DISRUPTION 17 May 2016 Why There’s Been a Huge Decline in Drivers’ Licenses for Millennials and Gen X Jan 2016 Why Self-Driving Cars Will Change Retirement Oct 2014 Mar 2016 Google Thinks Self-Driving Cars Will Be Great for Stranded Seniors

18. MAPPING THE OPPORTUNITY AUTONOMY BUSINESS MODEL INNOVATION CONNECTIVITY VEHICLE ARCHITECTURE INNOVATION 18

19. ESTABLISHED MARKET PLAYERS AUTONOMY BUSINESS MODEL INNOVATION CONNECTIVITY VEHICLE ARCHITECTURE INNOVATION 19

20. MANIV’S PORTFOLIO AUTONOMY BUSINESS MODEL INNOVATION CONNECTIVITY VEHICLE ARCHITECTURE INNOVATION 20 ROBOTICS STEALTH STAGE STEALTH STAGE STEALTH STAGE STEALTH STAGE STEALTH STAGE

21. MANIV’S EDGE INVESTORS AUTOMOTIVE TECH Boston Israel Silicon Valley Tier 1sOEMs Israel United Kingdom New York Israel Silicon Valley GOVERNMENT/REGULATORY 21

22. MANIV’S TEAM MICHAEL GRANOFF Michael founded Maniv Investments in 1997. Through its subsidiaries, Maniv Bioventures, Maniv Energy Capital and Maniv Mobility, he has been associated with dozens of startup enterprises during that time, and many successful exits (including Ironwood Pharmaceuticals (NASD: IRWD) and Metabolix (NASD: MBLX). Michael was instrumental in the creation of Israeli venture fund ICV (with over $150m under management), and serves on its advisory board. Through Maniv, Michael played a central role in Better Place, the electric car network company, as an investor, board member and executive. Through that and related experiences, Michael has developed a deep network and keen understanding of the automotive industry. Michael was closely involved in the establishment of, and remains a board member of, Securing America’s Future Energy (SAFE), a DC-based policy development and advocacy organization that engages corporate and retired military leaders to develop and advocate for policy that bolsters the energy security of the United States. Michael has a BA from Tufts University, an MBA from the Kellogg School of Management, and a JD from Northwestern School of Law. He has completed more than 20 marathons and he and his wife have four young children. OLAF SAKKERS Olaf has developed deep technical expertise in new mobility, including autonomous vehicle technology, mobility business model innovation, automotive cybersecurity and public policy related to all these areas. He has worked directly on shaping autonomous vehicle policy and has published articles about how new mobility technologies are reshaping the automotive industry. Olaf has a B.A. from Princeton University and served in the IDF’s Foreign Relations branch acting as a military liaison with the U.S. military. PHOTOPHOTO BROAD SUPPORT NETWORK Maniv has a broad network across the entire ecosystem and indents to rely heavily on it for deal flow, diligence, and supporting portfolio companies. 22

23. THANK YOU! 23

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