Maniv Mobility has announced the close of the first mobility-only fund in Israel. The $40 million fund includes several high profile names including Valeo, InMotion Ventures (part of Jaguar Land Rover). The intent of the fund is to act as a bridge vehicle for investors to participate in the booming mobility tech scene in Israel – mobile is the future. An affiliate of Maniv Investments, Maniv Mobility invests primarily at the Seed and Series A stage and already holds a portfolio of 15 mobility technology startups, mostly in Israel with some in the US, according to Crowdfunding Insider. Over the past few years, the global automotive industry has been keen on mobile technology as a vital part of their future. The acquisition of Mobileye by Intel for more than $15 billion highlighted this phenomenon. Maniv founder Michael Granoff has been engaged in transportation technology for nearly 15 years providing unique perspective on the sector. Granoff believes that when it comes to the contributions of Israeli entrepreneurs in mobility, Waze and Mobileye were the tip of the iceberg.