What is the Israeli connection behind Michael Jordan’s deal with DraftKings and which Israeli company is partnering with Tesla?

CTech Daily Roundup: Israel’s Electra Group strikes $80 million deal with Tesla

CTech 23:3803.09.20
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Israel’s Electra Group strikes $80 million deal with Tesla. Polish subsidiary Electra M&E Polska will perform electromechanical work for the American electric vehicle corporation in its new plant outside Berlin. Read more 

 

Homeward bound: Israeli tech companies are downsizing their office space. As companies shift to work from home, property owners are being forced to lower rents and offer creative solutions for the lucrative tenants. Read more 

 

Michael Jordan. Photo: AP Michael Jordan. Photo: AP

 

UBQ Materials to establish waste conversion plant in the Netherlands. UBQ converts landfill-destined waste into a sustainable, bio-based thermoplastic material. The new plant comes following EU demand to increase the use of plastic alternatives. Read more 

 

Israel’s Electra Group strikes $80 million deal with Tesla. Polish subsidiary Electra M&E Polska will perform electromechanical work for the American electric vehicle corporation in its new plant outside Berlin. Read more 

 

Former Leumi boss Russak-Aminoach joins $300 million SPAC. Russak-Aminoach, who is also in the midst of setting up Team8's fintech fund, holds almost one percent of Fortress Value Acquisition’s shares. Read more 

 

BACK TO SCHOOL: 7 Israeli companies helping the world’s students learn from afar. Edtech has been a booming sector for years, but the ongoing coronavirus (Covid-19) pandemic has made it more essential than ever. Read more 

 

The Israeli connection behind Michael Jordan’s deal with DraftKings. Among those the basketball legend will be advising on the board of the sports entertainment and gaming company is DraftKings’ largest shareholder, Israeli Shalom McKenzie. Read more

 

SpacePharma’s mini-labs finally reach space after a year of delays. The Israeli company is remotely conducting four experiments to test the impact of zero-gravity. Read more