Israeli UVeye Execs Ditch Zoom For New Jersey To Grow Tech Company

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In a Covid-caused era when so many things are accomplished remotely, half the management of Israeli technology startup UVeye decided the only way to grow their business in the United States was to ditch doing business by Zoom and move halfway around the world to this country.

In the case of GM, its capital investment arm, GM Ventures, made an investment in UVeye to help fund the development and commercialization of its inspection technology. At the same time, the automaker itself entered into an agreement with UVeye to look into installing the inspection systems at its 4,000 dealerships.dealership service lane.Volvo Cars USA is also encouraging its dealers to install UVeye inspection stations and hopes the majority of its 280 independent U.S. dealerships will do so.

“We're adding more sensors that will be able to provide us more information about the battery cell in the battery,” said Hever. “It will tell us if there are any issues we should be aware of that might say the battery is not safe to use or has any issues. These are the things we're working on. Probably be available Q2, Q3 next year.”

How much credit are Hever and Saghiv giving the move from Israel to the U.S. for the speed of Uveye's progress? Saghiv puts it bluntly, stating, “Building the team, building the relationships, improving the product, getting the scale is obviously a direct result of the move.”

 

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