Tired of Looking for Parking, Israeli Entrepreneurs Develop Foldable Car – When folded, up to five City Transformer vehicles can fit into a single parking space | CTECH

Tired of Looking for Parking, Israeli Entrepreneurs Develop Foldable Car – When folded, up to five City Transformer vehicles can fit into a single parking space | CTECH

Like many other world cities, Tel Aviv is notorious for the scarcity of its parking spots. You make a ten-minute drive in the city only to find there is no parking space in sight and end up searching for another 30 minutes at best, or parking at a long distance. Fed up with the experience, two Israeli entrepreneurs—mechanical engineer Asaf Formoza and nanophysicist Udi Meridor—founded City Transformer Ltd. in 2014.