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About MobilityXlab

MobilityXlab, an accelerator and incubator program founded in 2017, is based in Gothenburg, Sweden. With a presence in 9 countries, it has supported around 40 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, MobilityXlab has 1 unicorn under its belt and has witnessed 8 portfolio exits. Most notable companies in its portfolio include Foretellix, Gapwaves and Aurora Labs. The program primarily supports startups based in Sweden, Canada.
Key Metrics
Founded Year
2017
Location
Gothenburg, Sweden
Portfolio Companies
Sectors of Investment
Locations of Investment
Unicorn in Portfolio

MobilityXlab's List of Top Investments

MobilityXlab has a portfolio of 40 companies, one of which is a Unicorn. Their most notable investments include Foretellix and Gapwaves.Their portfolio spans across Sweden, Canada, Israel and 6 more locations. They have invested in High Tech, Enterprise Applications, Auto Tech and 13 other sectors. Here is the list of top investments by MobilityXlab:
Developer of data automation platform for AI-powered autonomous vehicle stacks. The platform maximizes and enriches data for efficient and safe development. It offers tools for training AI systems with real-world and synthetic data. The platform also validates performance, quality, and safety through data unification and scenario generation. It supports automotive, trucking, and mining applications with safety-driven verification and validation.

Key facts about Foretellix

  • Founded Year: 2018
  • Location: Ramat Gan (Israel)
  • Stage: Series C
  • Total Funding till date: $135M
  • Employee Count: 119 as on Aug 31, 2026
  • Investors: Volvo Group, Temasek and 23 Others
  • Latest Funding Round: Series C, Dec 05, 2023, $*****
  • Highlight: Editors' Pick
Developer of mm-wave antenna systems for automotive radar and 5G applications. It provides radar antennas for driver-assistance systems and autonomous vehicles. Additionally, it offers low-loss, high-bandwidth phased array antennas for 5G wireless communication. It also manufactures waveguide flange adapters and filters for use in telecommunication and radar products. These products are designed for high performance and compact integration.

Key facts about Gapwaves

  • Founded Year: 2011
  • Location: Gothenburg (Sweden)
  • Annual Revenue: $1M - $10M as on Dec 31, 2024
  • Stage: Public
  • Employee Count: 51 as on Sep 30, 2026
  • Investors: HELLA, Coeli and 6 Others
  • Latest Funding Round: Post IPO, Jun 16, 2021, $*****
  • Highlight: Public
AI-enabled remote software for connected vehicles. The system uses machine learning algorithms to analyze risks and changes in software functionality and behavior of in-vehicle software. It offers features like optimizes the cost, optimized the performance of the vehicles, etc.

Key facts about Aurora Labs

Provider of computer vision and cloud-based video analytics solutions. Its AI-based software provides perception solutions for various conditions. It caters to both existing cameras and new designs using cloud-based tools and embedded software. It utilises deep learning, computer vision, and computational imaging. The computer vision and image optimization solutions resolve safety issues for automotive ADAS, autonomous vehicles, fleets, autonomous mobile robots, and video security.

Key facts about Algolux Tech

Developer of wireless network technology for precise real time positioning. This platform utilizes existing cellular and wireless signals to provide sub-meter accuracy for tracking objects and equipment. The system functions by achieving sub-nanosecond time synchronization across wireless networks, enabling continuous location awareness without requiring additional hardware infrastructure. Applications include tracking medical devices, monitoring industrial equipment, and coordinating autonomous operations. The technology also provides terrestrial backup for positioning systems and improves data throughput in network environments.

Key facts about ZaiNar

Unicorns in MobilityXlab's Portfolio

MobilityXlab has 1 unicorn in its portfolio - ZaiNar. The most recent unicorn in their portfolio is ZaiNar which became a unicorn in 2026.
Here is a list of unicorns in MobilityXlab's portfolio:
Tracxn Score
Company
Short Description
Founded year
Sector
Location
Company Stage
First Investment/ Acquisition Details
56
Developer of wireless network technology for precise real time positioning
2016
Menlo Park
Seed
xqcskkt

IPOs and Publicly Listed companies in MobilityXlab's Portfolio

1 of MobilityXlab's portfolio company became public -  Gapwaves. It got listed on the Nordic and Baltic regions (NASDAQ OMX), in Nov 2016 at marketcap of $14.6M
Here are MobilityXlab's portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Nov 18, 2016
-
-
2001

Acquired companies in MobilityXlab's Portfolio

7 companies from MobilityXlab's portfolio have been acquired. The most recent acquisition was Deeplite in Apr 2025 by STMicroelectronics for $*****.
Here are MobilityXlab's portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Apr 23, 2025
-
-
6599
Apr 08, 2025
-
-
9595
May 16, 2023
-
-
1868
Feb 28, 2023
-
-
5988
Oct 04, 2022
-
-
8301

Recent News related to MobilityXlab

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CEVT joins the startup accelerator MobilityXlabEvertiq•Dec 11, 2017•CEVT, MobilityXlab
View all news related to MobilityXlab

FAQs about MobilityXlab

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