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Even in days that the Israeli autotech industry is flush with frequent orders and investments from abroad, there are not many companies that can say that four major car manufacturers have invested in them.
Tel Aviv-based vehicle inspection startup UVeye Ltd., announced on Tuesday that Hyundai has become the latest automaker to invest in it, joining Toyota, Volvo, and Honda. The Korean company’s investment of several millions of dollars will bring the total investment by the automakers to $40 million. The company, which also has offices in the U.S., Germany, and Japan, has raised an estimated $50 million in total.