INVESTING IN NEW MOBILITY

DIGITIZATION OF INFORMATION

1990 2015

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DIGITIZATION OF TRANSPORTATION

2016 2040

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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

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.

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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 ResistanceAerodynamics

Engine Losses

Idling

ENERGY USE WITHIN THE VEHICLE

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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

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FROM INDUSTRIAL PRODUCTION AT SCALE…

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…TO A DIGITAL PLATFORMsoftware

machine vision machine learning

big data embedded systemsrobotics

cybersecurity

Which aligns rather well with Israel’s core technological strengths

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$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

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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

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3

2

1

0

Israeli high-tech capital raising

$BN

Foreign & other investors Israeli VCs

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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

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AND THE INDUSTRY IS SUDDENLY BEGINNING TO TAKE NOTE

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May 2016Here'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 2016Israel should be the first country to support driverless cars

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

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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 CarsAug 2016

Aug 2016

FORCES DRIVING CHANGE IN THE AUTOMOTIVE INDUSTRY

DEMOGRAPHIC TRENDS

BUSINESS MODEL INNOVATION

TECHNOLOGICAL PROGRESS

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DEMOGRAPHIC CHANGE WILL ACCELERATE DISRUPTION

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May 2016Why 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 2016Google Thinks Self-Driving Cars Will Be Great for Stranded Seniors

MAPPING THE OPPORTUNITY

AUTONOMYBUSINESS

MODEL INNOVATION

CONNECTIVITYVEHICLE

ARCHITECTURE INNOVATION

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ESTABLISHED MARKET PLAYERS

AUTONOMYBUSINESS

MODEL INNOVATION

CONNECTIVITYVEHICLE

ARCHITECTURE INNOVATION

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MANIV’S PORTFOLIO

AUTONOMYBUSINESS

MODEL INNOVATION

CONNECTIVITYVEHICLE

ARCHITECTURE INNOVATION

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ROBOTICS

STEALTH STAGE

STEALTH STAGE

STEALTH STAGE

STEALTH STAGE

STEALTH STAGE

MANIV’S EDGE

INVESTORS

AUTOMOTIVE

TECH

Boston

Israel

Silicon Valley

Tier 1sOEMs

Israel United Kingdom

New York

Israel

Silicon Valley

GOVERNMENT/REGULATORY

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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.

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THANK YOU!

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