What is TEVEL?
Founded in 2016 and based in Modi'in, Israel, TEVEL is at the forefront of agricultural technology, developing a sophisticated robotics platform designed for autonomous orchard operations. The company's core innovation lies in its fleet of drones engineered to perform critical tasks such as fruit picking, thinning, and pruning. By automating these labor-intensive processes, TEVEL aims to revolutionize orchard management, enhancing efficiency and sustainability in the agricultural sector. The company's focus on robotics and AI positions it as a key player in the agritech industry, addressing the increasing demand for advanced farming 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., AgFunder Inc, Ziv Aviram, Maverick Ventures, Kubota Corporation, and OurCrowd
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.
Hubei Forbon Technology Co., Ltd.
Undisclosed investor participating in the funding round.
What's next for TEVEL?
With its recent major strategic investment, TEVEL is poised for accelerated growth and further development of its autonomous robotics platform. This substantial capital infusion is expected to fuel expansion into new markets, enhance research and development efforts, and scale its operational capabilities. The company's trajectory suggests a strong focus on refining its drone technology for broader agricultural applications and solidifying its position as a leader in automated orchard solutions. TEVEL's strategic funding indicates a commitment to advancing the future of farming through cutting-edge robotics and AI.
See full TEVEL company page
