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.
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:
1. Foretellix
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
2. Gapwaves
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
3. Aurora Labs
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
- Founded Year: 2016
- Location: Tel Aviv (Israel)
- Stage: Series C
- Total Funding till date: $97.1M
- Employee Count: 2 as on Jun 30, 2025
- Investors: Maniv Mobility, Expansion Venture Capital and 30 Others
- Latest Funding Round: Series C, Jul 07, 2022, $*****
- Highlight: Editors' Pick

4. Algolux Tech
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
- Founded Year: 2014
- Location: Blacksburg (United States)
- Stage: Acquired
- Total Funding till date: $31.8M
- Employee Count: 13 as on Aug 31, 2026
- Investors: Real Ventures, GM Ventures and 15 Others
- Latest Funding Round: Series B, Jun 15, 2021, $*****
- Highlight: Acquired
5. ZaiNar
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
- Founded Year: 2016
- Location: Menlo Park (United States)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $100M
- Employee Count: 53 as on Aug 31, 2026
- Investors: SBNY, Tao Capital Partners and 25 Others
- Latest Funding Round: Angel, Feb 19, 2026, $*****
- Highlight: Editors' Pick
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 $14.6MHere 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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Terranet Signs An Agreement With A Global Leader In The Automotive IndustryGlobeNewswire•Nov 15, 2024•Terranet, MobilityXlab
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MobilityXlab’s accelerator program has started – Terranet deepens partnershipGlobeNewswire•Sep 13, 2024•Terranet, MobilityXlab
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Minima Minima and MobilityXlab Extend Partnership to Fuel the Future of Connected Mobility and Intelligent Transportation SystemsWebDisclosure•Jan 31, 2023•Minima Global, MobilityXlab, WeTransfer
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Autocrypt Joins MobilityXlab, Mobility Technology Collaboration Hub to Accelerate Innovative Global ExpansionPR Newswire•Jun 29, 2022•AutoCrypt, MobilityXlab
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