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City Transformer

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Develops the world’s first all-electric mobility solution that intelligently transforms its dimensions and riding behavior while driving to meet the complex challenges

Tel Aviv-Yafo, IsraelFounded 2013Transportation
Valuation $25–50M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for City Transformer and the history behind them.

About City Transformer

City Transformer is an Israeli automotive technology firm established in 2014, focused on developing solutions for urban mobility. The company was founded by Dr. Asaf Formoza, Udi Meridor, and Eyal Cremer. The initial concept for a foldable car chassis emerged in 2013 from the work of Formoza, Gideon Goldwine, and Erez Abramov, laying the groundwork for the company's core technology. CEO Dr. Asaf Formoza holds a PhD in Mechanical Engineering, while COO Udi Meridor is a graduate of NASA's Singularity University with a background in nano-physics. This blend of engineering and forward-thinking expertise underpins the company's mission.

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The firm is developing a line of all-electric, two-seater micro-vehicles designed specifically for congested city environments. The key differentiator is a patented folding mechanism that allows the vehicle to change its width while in motion. This technology enables the car to shrink from a standard driving width of 1.4 meters down to just 1 meter for navigating traffic or fitting into tight parking spaces. The business model targets both direct-to-consumer sales via the internet and fleet owners, such as car-sharing services and delivery companies, who can benefit from the vehicle's small footprint and lower operating costs. The company has also formed a partnership with the emergency responder organization United Hatzalah in Israel to provide vehicles for easier maneuvering in emergencies.

The company's production-ready model is the CT-2, an evolution of its CT-1 prototype. Weighing approximately 590 kg with its battery, the vehicle is powered by two 7.5 kW electric motors. In its wider 'Performance' mode, it can reach speeds of up to 90 km/h, while the narrow 'City' mode limits the speed to 45 km/h for enhanced safety. The CT-2 boasts a range of up to 180 km and features a 15 kWh battery that can be quick-charged to 80% in about 30 minutes. The vehicle seats two people in a tandem configuration (1+1) and offers up to 450 liters of cargo space when the rear seat is adapted. Acknowledged for its design, the company was named one of TIME magazine's "best inventions of 2020" and was voted a "top 10 car of IAA mobility 2021". Since its inception, City Transformer has raised over $20 million in funding from various private and corporate investors and received grants from the Israel Innovation Authority.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2013
Headquarters
Tel Aviv-Yafo, Israel
Employees
17
Open positions
None listed
Dealroom signal
41.4/100
Sub-industry
Mobility, Vehicle Production
Sector
Transportation, Automotive, Mobility, Parking, Autonomous Mobility, Car, Sustainable Development Goals, Climate Tech, Electric Mobility
Technology
Deep Tech, Autonomous & Sensor Tech
Business model
Manufacturing
Client focus
b2c

Funding history

9 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC May 2022 $10M $40M Undisclosed —
SERIES A✓Equity / VC Sep 2021 $1M $4M Undisclosed —
Showing the latest 2 of 9 recorded eventsBook a demo for the full funding history →

Growth signals

City Transformer website traffic

Latest recorded traffic for City Transformer is 2.6K monthly website visits, down 72.9% over the last three months. City Transformer's team declined 5.6% over the past year.

Latest monthly visits2.6K 3-month web change-72.9% 1-year team growth-5.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Other known investors2 additional known investors

  • MassChallenge
  • Capsula Smart Mobility
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇮🇱 Israel76.9%
🇩🇪 Germany15.4%
🇸🇪 Sweden7.7%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about City Transformer on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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