Next Gear Ventures
Next Gear Ventures is an Israel-based early-stage venture capital firm founded in 2017 that invests in startups developing smart, sustainable mobility technologies across AI, autonomous vehicles, electrification, and climate tech.
- Company typePrivate
- Founded2017
- HeadquartersHerzliya, Israel
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Next Gear Ventures does
Next Gear Ventures (NGV) is an Israel-based venture capital firm founded in 2017 that invests exclusively in early-stage startups operating in the smart and sustainable mobility ecosystem. The firm concentrates on entrepreneurs developing technology in AI, autonomous vehicles, electrification, alternative energy, smart cities, climate tech, in-cabin systems, and fleet services, and supports portfolio companies from pre-seed through growth stages with capital, strategic guidance, and industry connections. NGV maintains a portfolio of over 40 companies including notable names such as NoTraffic, Foretellix, UVeye, Hailo, TriEye, Addionics, Kardome, Lidwave, and Autofleet.
The firm's investment model is a traditional early-stage VC structure: it deploys limited partner capital into equity rounds of startups, targeting returns through exits via acquisitions or IPOs. As a single-fund offering rather than a multi-stage platform, NGV invests directly in startups across multiple geographies (Israel, North America, Europe, Asia Pacific, Latin America) and across funding rounds ranging from pre-seed to growth. Revenue mechanics for the firm consist of management fees on assets under management and carried interest on successful exits; neither is publicly disclosed.
Recent portfolio milestones demonstrate the model's traction: Autofleet was acquired by Element Fleet Management for $110 million, and Caaresys was acquired by Harman (a Samsung subsidiary). NoTraffic raised a $90 million Series C, Addionics closed a $39 million Series B led by GM Ventures, UVeye secured $191 million led by Woven by Toyota, and Foretellix was named Autonomous Vehicle Innovation of the Year 2025. The firm is recognized by IVC Data and Insights as one of the most active VC funds in Israel and by Startup Nation Central as an active climate tech investor.
Next Gear Ventures firmographics
Firmographics- Name
- Next Gear Ventures
- Legal name
- Next Gear Ventures
- Website
- https://nextgear.fund
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Next Gear Ventures is an Israel-based early-stage venture capital firm founded in 2017 that invests in startups developing smart, sustainable mobility technologies across AI, autonomous vehicles, electrification, and climate tech.
- Ownership category
- akta.pro rank
Next Gear Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
Keywords
Where Next Gear Ventures is headquartered
LocationHeadquarters
- HQ city
- Herzliya
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
Next Gear Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Venture Capital Fund Management: Next Gear Ventures generates returns through equity investments in early-stage mobility and climate tech startups. The fund provides capital to portfolio companies and typically earns returns through exits via acquisitions or IPOs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Next Gear Ventures product offering
Product offeringCore offering
Next Gear Ventures is a venture capital firm that invests LP capital in early-stage startups across the smart and sustainable mobility ecosystem, including AI, autonomous vehicles, electrification, alternative energy, mobility services, smart cities, and climate tech. The firm provides capital across Pre-Seed, Seed, Series A, and Growth rounds, supplemented by strategic guidance, industry introductions, and operational support to help portfolio companies scale toward exits.
Product overview
Next Gear Ventures operates as a single unified venture capital offering rather than a platform with modular components. The firm provides investment services across multiple funding stages (Pre-Seed, Seed, Series A, Growth) and invests in companies across categories including AI, Autonomous Vehicle, Efficient Manufacturing, Electrification, Alternative Energy, Mobility Services, Smart Cities, Climatech, In-Cabin, Fleets, and Other. The firm supports portfolio companies through ecosystem connections, strategic guidance, and operational support to drive growth from early-stage through acquisition or public listing.
Differentiator
Problem solved
Functional benefit
Products and services
- Next Gear Ventures Investment Platform Unified venture capital offering that provides equity investment and ecosystem support to early-stage startups in the smart and sustainable mobility sector across Pre-Seed, Seed, Series A, and Growth stages, spanning categories including AI, Autonomous Vehicle, Efficient Manufacturing, Electrification, Alternative Energy, Mobility Services, Smart Cities, Climatech, In-Cabin, and Fleets.
Quantifiable outcome
- Recognized as one of the most active VC funds in Israel
- +1 more outcomes
Companies that use Next Gear Ventures
Customer profileNamed customers9 records
Segments1 record
Ideal customer profiles1 record
Next Gear Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Next Gear Ventures partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NVIDIAcorePortfolio company Foretellix announced integration of NVIDIA's Cosmos Transfer with their Foretify toolchain. Additionally, Kardome's technology is being integrated into the NVIDIA DRIVE AGX platform for advanced speech processing in vehicles.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Next Gear Ventures competitors and assessment
Company assessmentDirect peers
- Maniv Mobility: Israel-based global venture fund focused exclusively on mobility, transportation, and smart city technologies. Directly comparable to NGV given shared Israeli roots, mobility-only vertical focus, and early-stage seed/Series A strategy.
- Trucks VC: Seed-stage venture firm focused on transportation and mobility, with portfolio overlap in autonomous vehicles, electrification, and logistics. Comparable as a vertical specialist with early-stage focus on the same mobility thesis.
- ArcTern Ventures: Early-stage VC fund focused on climate tech and sustainability, with mobility and energy transition adjacencies. Highly comparable as a sector-focused fund with overlapping themes in electrification and clean transportation.
- Mobilion Ventures: Early-stage VC focused on mobility, transportation, and smart infrastructure. Directly comparable given overlapping investment focus on autonomy, electrification, and mobility services.
- Emerge (mobility fund): Early-stage venture fund investing in mobility, transportation, and the future of cities. Comparable as a vertical specialist with similar stage (seed/Series A) and thematic overlap with NGV.
- Cycle Capital: Canada-based venture capital firm investing in climate tech and sustainable mobility. Comparable as a sector-focused fund with overlapping exposure to electrification, cleantech, and sustainable transportation.
- EnerTech Capital: VC firm investing in energy, mobility, and sustainability technologies. Comparable as a sector-focused fund with overlapping themes in transportation electrification, smart cities, and clean energy.
Broad incumbents
- BMW i Ventures: Corporate venture arm of BMW investing in mobility, transportation, and autonomous technology. Comparable as a major CVC active in the same mobility verticals as NGV, but with significantly larger capital base and OEM backing.
- Toyota Woven Capital: Corporate venture arm of Toyota investing in autonomy, mobility, and AI for transportation. Highly relevant given Woven by Toyota's co-investment in NGV portfolio company UVeye ($191M round).
- GM Ventures: Corporate venture arm of General Motors investing in automotive and mobility innovation. Directly comparable given GM Ventures' co-investment with NGV in Addionics ($39M Series B).
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Next Gear Ventures social profiles
Digital presenceNext Gear Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Next Gear Ventures leadership team
Management profileNumber of profiles
Profiles14 records
Next Gear Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Next Gear Ventures M&A and investment
M&A and investmentM&A
Investments36 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Next Gear Ventures
What does Next Gear Ventures do?
Next Gear Ventures is a venture capital firm that invests LP capital in early-stage startups across the smart and sustainable mobility ecosystem, including AI, autonomous vehicles, electrification, alternative energy, mobility services, smart cities, and climate tech. The firm provides capital across Pre-Seed, Seed, Series A, and Growth rounds, supplemented by strategic guidance, industry introductions, and operational support to help portfolio companies scale toward exits.
Is Next Gear Ventures a public or private company?
Next Gear Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Next Gear Ventures founded?
Next Gear Ventures was founded in 2017. It employs 1 to 10 people.
Where is Next Gear Ventures based?
Next Gear Ventures is headquartered in Herzliya, Israel, in the Middle East region.
How does Next Gear Ventures make money?
One revenue line is on record: venture Capital Fund Management.
Who are Next Gear Ventures's main competitors?
Direct peers on record are Maniv Mobility, Trucks VC, ArcTern Ventures, Mobilion Ventures, Emerge (mobility fund), Cycle Capital and EnerTech Capital. Broad incumbents are BMW i Ventures, Toyota Woven Capital and GM Ventures.
Does Next Gear Ventures have an API?
No public API is recorded for Next Gear Ventures.
What industry is Next Gear Ventures in?
Next Gear Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms. Its NAICS code is 523940 and its SIC code is 6282.