Clal and Altshuler lead $31 million investment in electric mobility startup IRP Systems

Israel's institutional investors have been extremely active in the tech startup market over the past year, investments that in many cases have also bore fruit, particularly in the case of autotech. Several institutional investors recently reaped the rewards from LiDAR sensors developer Innoviz going public via a SPAC merger and in the past, they also cashed in from IPOs by the likes of Mobileye.