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Boaz Mamo is a serial entrepreneur who was one of the founders of Israel’s ever-growing mobility ecosystem. Before founding Navmatic, Boaz was the Co-founder and CEO of Drive TLV, a mobility hub for promising early-stage startups in Tel Aviv.
He was also the founder of EcoMotion, the largest Mobility conference in Israel for the last seven years, and Capsula, the first mobility incubator in Israel at Tel Aviv University.
Navmatic’s high-accuracy positioning product is an end-to-end service with both a cloud correction service and robust positioning engine which includes our proprietary sensor fusion and multipath mitigation algorithms. The solution is not a traditional PPP or RTK service and can improve GPS accuracy by an order of magnitude with no infrastructure or base stations!
In an exclusive interview with AsiaTechDaily, Boaz says:
Not to be afraid of making mistakes, but to make sure you do not make the same mistake twice.
- Failing is part of life and the process for success.
- Follow your passion
- Focus on your relationships with people
Read on to know more about Boaz Mamo and his journey.
Boaz Mamo: For the last 10 years, I have worked in the mobility domain. I established an organization called EcoMotion; I established the first accelerator in the world that focused on mobility. After that, I established an innovation center for mobility called DRIVE TLV. One of the things that I noticed is that all mobility mode lacks the location accuracy needed—that is why I founded Navmatic.
Boaz Mamo: The current product is the sub-meter level location for micro-mobility. We offered the same solution for drones before that, but we found out that it is not a big enough market.
Boaz Mamo: We raised $4M in January 2019
Boaz Mamo: The founding was from the beginning of the company.
Boaz Mamo: Our milestones for the next round of funding are:
Boaz Mamo: There are no shortcuts here. As a CEO, you have to get those connections if at conferences or throw market research.
Boaz Mamo: It was using the CRM system from day one to the company. It doesn’t matter what you use as long as you will use one.
Boaz Mamo: It is thinking that you start doing marketing after you have a product, but in reality, you need to start doing it from day one.
Boaz Mamo: From day one, our solution is software, and we can operate anywhere we want.
Boaz Mamo: It is waiting for it. You need to be born globally.
Boaz Mamo: Our company is focused on the micro-mobility industry that suffered a lot form the outbreak. In the beginning, we started by cutting costs and stopped hiring. After a few months, we saw that micro-mobility is a great alternative for public transportation; we started to hire back again.
Boaz Mamo: Choosing the wrong partners. One should spend most of their time in finding the best partners for this journey.
Start building something without real feedback from the customers. Make sure you have a demand before spending time on building something.
Boaz Mamo: Not to be afraid of making mistakes, but to make sure you do not make the same mistake twice.
Boaz Mamo:
The Hobbit- Open a new fantasy world for me.
Metrix – we can hack life if we want to
Dead poetry – One man can change many people’s life
Boaz Mamo: Keep doing what I love to do.
Boaz Mamo:
Boaz Mamo: Changed the world to be a better place.
You can follow Boaz Mamo here.
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