Next Gear Ventures is an early-stage venture capital fund based in Tel Aviv, Israel, with active investments in Europe and North America. The firm has built a portfolio of more than thirty companies addressing challenges in mobility, energy, and environmental sustainability. By focusing on founders who aim to deliver market-ready solutions and scalable business models in electric propulsion, smart infrastructure, and efficiency improvements, Next Gear Ventures helps startups translate ideas into products and scale operations for long-term market presence.
Investment decisions are guided by a combination of financial support, strategic guidance, and industry relationships, including connections through the DRIVE TLV Innovation Hub. The team conducts rigorous due diligence that examines product-market fit, technical feasibility, and measurable environmental benefits. Initial checks typically range from $100,000 to $2.5 million, though the firm has participated in larger funding rounds, with historical commitments up to $85 million. Through hands-on collaboration, portfolio companies receive assistance with regulatory compliance, pilot deployments, and introductions to key partners in automotive and energy sectors.
Clean technology and battery-related ventures occupy a central role in the fund’s focus. Portfolio examples include Addionics, which enhances high-energy cell performance under demanding charging conditions, and Bib Batteries, dedicated to extending battery lifespan for electric vehicles. Carrar leads immersion cooling and thermal management for EV batteries, while Apollo Power develops flexible solar cells that lower fleet emissions. The fund also backs Nugen Energy for solid-state hydrogen charging solutions and CarbonCure Technologies for CO2 mineralization in concrete, underlining a commitment to energy transition and waste reduction.
