What is TEVEL?
Founded in 2016 and headquartered in Modi'in, Israel, TEVEL operates at the intersection of robotics, artificial intelligence, and precision agriculture. The company has developed a sophisticated fleet of autonomous drones designed to perform delicate tasks such as fruit picking, thinning, and pruning. Unlike traditional mechanical harvesters, TEVEL's platform utilizes advanced computer vision and flight control algorithms to navigate complex orchard environments, ensuring high-quality yields while minimizing damage to crops. This technological edge allows growers to optimize their harvest cycles and reduce reliance on manual labor, effectively transforming the economics of orchard management through scalable, robotic solutions.
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 Hubei Forbon Technology Co., Ltd., Ziv Aviram, Maverick Ventures, OurCrowd, AgFunder Inc, and Kubota Corporation
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, focusing on sectors like AI and healthcare.
OurCrowd
OurCrowd is a prominent investment platform based in Israel that connects accredited investors and institutions with high-growth startups and early-stage companies.
Kubota Corporation
Kubota Corporation is a global leader in agricultural machinery and equipment, focusing on innovative solutions for sustainable farming and infrastructure development.
What's next for TEVEL?
With this major enterprise-level funding, TEVEL is poised to scale its commercial operations and expand its global footprint. The company is expected to focus on enhancing its drone fleet's capabilities, potentially integrating more advanced sensor suites for real-time crop health monitoring and yield prediction. As the agricultural industry faces increasing pressure to adopt sustainable and efficient practices, TEVEL's ability to provide a reliable, autonomous alternative to human labor will be a key driver of its future growth. Strategic partnerships with established agricultural machinery manufacturers will likely play a pivotal role in the company's roadmap, facilitating the integration of its robotics platform into existing farming workflows worldwide.
See full TEVEL company page
