What is TEVEL?
Founded in 2016 and based in Modi'in, Israel, TEVEL is pioneering a robotic system designed for autonomous orchard operations. The company's innovative fleet of drones is engineered to perform critical tasks such as fruit picking, thinning, and pruning, addressing key labor and efficiency challenges in modern agriculture. TEVEL's technology aims to revolutionize orchard management by providing a scalable and efficient automated solution for growers worldwide.
How much funding has TEVEL raised?
TEVEL has raised a total of $30M across 2 funding rounds:
Series A
$10M
Series B
$20M
Series A (2019): $10M, investors not publicly disclosed
Series B (2021): $20M led by Kubota Corporation, AgFunder Inc, Ziv Aviram, Maverick Ventures, OurCrowd, and Hubei Forbon Technology Co., Ltd.
Key Investors in TEVEL
Maverick Ventures
Maverick Ventures Israel is a venture capital firm dedicated to supporting technology start-ups by providing investment and operational support. They focus on diverse industries, seeking exceptional teams with differentiated technology and initial traction.
OurCrowd
Founded in 2013, OurCrowd is a company that offers an investment platform built for accredited investors and institutions to invest in startups, early-stage companies, and venture funds. OurCrowd is located in Israel.
Kubota Corporation
Kubota Corporation is a major Japanese manufacturer of agricultural and construction machinery. Their investment in TEVEL likely signifies a strategic interest in advancing agricultural automation and robotics within their existing product ecosystem.
What's next for TEVEL?
With the recent infusion of major strategic capital, TEVEL is poised for significant growth and operational scaling. This enterprise-level backing suggests a strong market validation for its autonomous harvesting technology. The company is likely to focus on expanding its drone fleet capabilities, enhancing its AI-driven decision-making algorithms for orchard management, and broadening its market reach to new agricultural regions. Further investment will probably be directed towards research and development to maintain its competitive edge in the rapidly evolving agritech landscape.
See full TEVEL company page
