Like many other world cities, Tel Aviv is notorious for the scarcity of its parking spots. You make a ten-minute drive in the city only to find there is no parking space in sight and end up searching for another 30 minutes at best, or parking at a long distance. Fed up with the experience, two Israeli entrepreneurs‐mechanical engineer Asaf Formoza and nanophysicist Udi Meridor‐founded City Transformer Ltd. in 2014.
Based in Kfar Netter, a village in central Israel, City Transformer develops an ultra-light electrical vehicle capable of folding its chassis at a push of a button, to a width of just 1 meter, similar to that of a large motorcycle. When folded, up to five City Transformer vehicles can fit into a single traditional parking space. |
