Entering the field of car safety: Wiesel and Kerso will invest in Baby Arc 6m D – Capital Market

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Of Harel Wiesel and importer of vehicles

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Of Yoel Kerso, signed a memorandum of understanding, together with a number of other investors on an investment in an Israeli company that manufactures car safety seats. The group will invest $ 6 million in the company and raise an additional $ 7 million through loans.

Babyark was founded by Oren Gur, Anan Hassan and Shai Mindel as part of the activities of Protection Mobius Systems, which was established in 2009 and sells energy-absorbing solutions for the military field in Israel and around the world. When the condition for the transaction is the completion of the splitting of the activity from the parent company.

Babyark is developing a product line of car safety seats based on proven military technology for energy absorption, supported by registered patents, with an emphasis on ease of use and ease of operation including the installation process. The launch date of the first chair is scheduled for early 2022.

“As part of the agreement in principle, principles have been agreed to raise an additional $ 7 million by receiving bank financing for Babyark and / or owner loans from the investor group,” Fox said in a statement, with the deal still pending due diligence and regulatory approvals.

“The Company sees this engagement (as it matures into a transaction) and the promotion of innovation and the implementation of advanced technological solutions as an integral part of its strategy to diversify its operations, and flood value and synergy to the Group’s brands and activities,” the report said.