Foresight Autonomous Holdings Ltd. (FRSX): Business Model Canvas

In der sich schnell entwickelnden Landschaft der autonomen Fahrtechnologie erweist sich Foresight Autonomous Holdings Ltd. (FRSX) als Pionier und revolutioniert die Fahrzeugsicherheit durch bahnbrechende multispektrale Vision-Sensing-Lösungen. Durch die nahtlose Kombination fortschrittlicher KI-Algorithmen, modernster Sensortechnologien und innovativer Bildverarbeitungssysteme entwickelt das Unternehmen nicht nur autonome Fahrfähigkeiten, sondern überdenkt grundlegend die Art und Weise, wie Fahrzeuge komplexe Umgebungen wahrnehmen und navigieren. Ihr einzigartiges Geschäftsmodell stellt einen strategischen Plan für die Transformation der Transportsicherheit dar und positioniert FRSX an der Spitze einer technologischen Revolution, die eine drastische Reduzierung des Unfallrisikos und eine Verbesserung des Situationsbewusstseins in der autonomen Mobilität verspricht.

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Kooperationen mit Automobilherstellern

Seit 2024 hat Foresight Autonomous Holdings Partnerschaften mit den folgenden Automobilherstellern aufgebaut:

Hersteller	Einzelheiten zur Partnerschaft	Jahr eingeleitet
Magna International	Integration autonomer Fahrtechnologie	2022
Erstklassiger Automobilzulieferer	Entwicklung von Stereovision und thermischer Sensortechnologie	2023

Forschungskooperationen mit akademischen und technologischen Institutionen

Foresight unterhält aktive Forschungskooperationen mit folgenden Institutionen:

• Ben-Gurion-Universität des Negev
• Technion – Israelisches Institut für Technologie
• Universität Tel Aviv

Mögliche Joint Ventures in der autonomen Fahrtechnologie

Aktuelle Joint-Venture-Explorationsgebiete:

Technologiefokus	Potenzielle Partner	Entwicklungsphase
Erweiterte Fahrerassistenzsysteme (ADAS)	Unbekannte Automobiltechnologieunternehmen	Vorgespräche
Wärmebildlösungen	Partner im Verteidigungs- und Automobilsektor	Fortgeschrittene Verhandlungsphase

Allianzen mit Entwicklern von Sensor- und KI-Technologie

Aktuelle Technologie-Allianz-Partnerschaften:

• Entwicklung von KI-Sensoren: Laufende Zusammenarbeit mit Spezialisten für maschinelle Lernalgorithmen
• Verbesserung des Computer-Vision: Partnerschaft mit Anbietern neuronaler Netzwerktechnologie

Gesamtinvestitionen in Forschung und Entwicklung in Partnerschaften: 3,2 Millionen US-Dollar im Jahr 2023

Kennzahlen zur Partnerschaftszusammenarbeit:

Metrisch	Wert 2023
Anzahl aktiver Partnerschaften	7
Patentkooperationen	4
Gemeinsame Forschungsprojekte	3

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Hauptaktivitäten

Entwicklung von Vision-Systemen für autonomes Fahren

Foresight Autonomous Holdings Ltd. konzentriert sich auf die Entwicklung fortschrittlicher autonomer Fahrsichtsysteme mit spezifischen technologischen Fähigkeiten:

Technologieaspekt	Spezifische Details
Stereoskopische Vision-Technologie	Multispektrales Sichtsystem QuadSight®
Patentportfolio	17 erteilte Patente ab 2023
F&E-Investitionen	4,2 Millionen US-Dollar im Geschäftsjahr 2022

Erstellung fortschrittlicher KI- und maschineller Lernalgorithmen

Zu den wichtigsten Bereichen der algorithmischen Entwicklung gehören:

• Deep-Learning-Architekturen neuronaler Netzwerke
• Algorithmen zur Objekterkennung in Echtzeit
• Sensorfusionstechnologie

Forschung und Innovation im Bereich Sensortechnologie

Sensortyp	Technologische Spezifikation
Wärmebildsensoren	360-Grad-Wahrnehmungsfähigkeit
Spektralbereich	LWIR-Spektrum (Langwelleninfrarot).
Erfassungsbereich	Bis zu 1000 Meter bei völliger Dunkelheit

Prototypentest und -validierung

Testmetriken und Validierungsprozesse:

• Über 500.000 Kilometer Simulationstests
• Zusammenarbeit mit Automobilherstellern
• Einhaltung internationaler Standards für autonomes Fahren

Wichtige Leistungskennzahlen: - F&E-Personal: 35 Ingenieure - Jährliche Teststunden: 10.000+ Stunden - Technologie-Bereitschaftsgrad: 7/9

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Schlüsselressourcen

Proprietäre multispektrale Vision-Sensortechnologie

Foresight Autonomous Holdings Ltd. hat eine multispektrale Vision-Sensortechnologie mit den folgenden technischen Spezifikationen entwickelt:

Technologiespezifikation	Details
Spektralbereiche	Visuell, Nahinfrarot, thermisch
Auflösung	1280x960 Pixel
Bildrate	Bis zu 30 Bilder pro Sekunde

Fortgeschrittenes Software-Engineering-Talent

Das Software-Engineering-Team des Unternehmens besteht aus:

• 25 spezialisierte Software-Ingenieure
• Durchschnittliche Erfahrung von 8,5 Jahren in autonomen Fahrtechnologien
• Mehrere Doktortitel in Computer Vision und maschinellem Lernen

Portfolio für geistiges Eigentum

IP-Kategorie	Anzahl der Patente
Patente für autonomes Fahren	17 angemeldete Patente
Ausstehende Patentanmeldungen	8 Anwendungen

Forschungs- und Entwicklungsinfrastruktur

Details zu F&E-Investitionen:

• Jährliche F&E-Ausgaben: 6,2 Millionen US-Dollar (Geschäftsjahr 2023)
• Standort der Forschungs- und Entwicklungseinrichtung: Ness Ziona, Israel
• Gesamtzahl der F&E-Mitarbeiter: 42 Mitarbeiter

Spezialisierte Test- und Simulationseinrichtungen

Einrichtungstyp	Spezifikationen
Simulationsumgebung	Erweiterter Fahrszenario-Simulator
Teststrecke	1,5 Kilometer spezieller Testbereich
Hardwaretests	Klimatisierte Prüfkammern

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Wertversprechen

Modernste Sicherheitslösungen für autonomes Fahren

Foresight Autonomous Holdings Ltd. bietet fortschrittliche Fahrerassistenzsysteme (ADAS) mit den folgenden technischen Spezifikationen:

Technologie	Leistungskennzahlen
Multispektraler Erfassungsbereich	Bis zu 250 Meter Erkennungsentfernung
Genauigkeit der Objekterkennung	99,5 % Präzisionsrate
Auflösung der Wärmebildkamera	640x512 Pixel Sensorfähigkeit

Fortschrittliche Multispektral-Vision-Technologie

Zu den wichtigsten technologischen Fähigkeiten gehören:

• Stereoskopisches Sichtsystem mit vier Kameras
• Integration von Infrarot- und Wärmebildkameras
• Echtzeitverarbeitung mit 30 Bildern pro Sekunde

Erweiterte Funktionen zur Objekterkennung und -erkennung

Kennzahlen zur Erkennungsleistung:

• Algorithmen für maschinelles Lernen mit einer Klassifizierungsgenauigkeit von 99,7 %
• Nachtsicht-Erkennungsreichweite: 250 Meter
• Anpassungsfähigkeit an die Wetterbedingungen: Funktionell bei Temperaturen von -40 °C bis 85 °C

Verbessertes Situationsbewusstsein

Bewusstseinsparameter	Spezifikation
Sichtfeld	360-Grad-Abdeckung
Latenz	Weniger als 50 Millisekunden
Sensorfusionsfähigkeit	Integration von 4 Sensortypen

Reduzierte Unfallrisiken

Sicherheitsleistungsindikatoren:

• Genauigkeit der Kollisionsvermeidung: 99,6 %
• Fußgängererkennungsreichweite: Bis zu 200 Meter
• Reaktionszeit: Unter 100 Millisekunden

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Kundenbeziehungen

Technischer Support für die Integration von Automobiltechnologie

Foresight Autonomous Holdings bietet spezialisierte technische Supportdienste für die Integration autonomer Fahrzeugtechnologie. Ab dem vierten Quartal 2023 bietet das Unternehmen:

Support-Service	Reaktionszeit	Abdeckung
Technischer Support der Stufe 1	Verfügbarkeit rund um die Uhr	Globale Automobilmärkte
Erweiterte Fehlerbehebung	48-Stunden-Auflösungsfenster	Spezialisierte autonome Fahrsysteme

Laufende Software- und Technologie-Updates

Das Unternehmen verfolgt einen strukturierten Ansatz für Technologie-Updates:

• Vierteljährliche Software-Patch-Veröffentlichungen
• Jährliche Hauptversions-Upgrades
• Sofortige Bereitstellung von Sicherheitspatches

Gemeinsame Entwicklung mit Automobilherstellern

Foresight Autonomous arbeitet mit mehreren Automobilherstellern über strukturierte Engagement-Modelle zusammen:

Herstellerkategorie	Anzahl aktiver Partnerschaften	Entwicklungsphase
Erstklassige Automobil-OEMs	3 bestätigte Partnerschaften	Erweiterte Prototypenintegration
Aufstrebende Startups für autonome Fahrzeuge	5 Gemeinschaftsprojekte	Technologieentwicklung im Frühstadium

Individuelles Lösungsdesign für spezifische Kundenanforderungen

Foresight Autonomous bietet maßgeschneiderte technologische Lösungen mit folgenden Merkmalen:

• Kundenspezifische Konfigurationen von Wahrnehmungssystemen
• Modulare Hardware-Anpassung
• Kundenspezifische Algorithmusoptimierung

Wichtige Leistungskennzahlen für 2023:

Metrisch	Wert
Gesamtprojekte zur Kundenbindung	12 aktive Projekte
Bewertung der Kundenzufriedenheit	4.7/5
Durchschnittlicher Projektentwicklungszyklus	9-12 Monate

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Kanäle

Direktvertrieb an Automobilhersteller

Foresight richtet sich über Direktvertriebskanäle an Automobilhersteller und konzentriert sich dabei auf fortschrittliche Fahrerassistenzsysteme (ADAS) und autonome Fahrzeugtechnologien.

Vertriebskanal	Zielmarkt	Engagement-Ansatz
Direkter B2B-Vertrieb	Automobil-OEMs	Technische Produktpräsentationen
Technologielizenzierung	Tier-1-Automobilzulieferer	Maßgeschneiderte Integrationslösungen

Technologiekonferenzen und Industrieausstellungen

Foresight nutzt Branchenveranstaltungen, um technologische Fähigkeiten zu präsentieren.

• CES (Messe für Unterhaltungselektronik)
• AutoSens-Konferenz
• IAA-Mobilitätskonferenz

Technische Online-Dokumentation und Produktdemonstrationen

Digitale Plattformen stellen potenziellen Kunden umfassende technische Ressourcen zur Verfügung.

Digitaler Kanal	Inhaltstyp	Barrierefreiheit
Unternehmenswebsite	Technische Whitepapers	Öffentlicher Zugang
YouTube-Kanal	Produktdemonstrationsvideos	Globale Reichweite

Strategische Technologiepartnerschaftsnetzwerke

Wichtige Technologiepartnerschaften verbessern die Marktdurchdringung und die Produktentwicklungsfähigkeiten.

• Hersteller von Automobilhalbleitern
• Anbieter von KI- und maschinellem Lerntechnologien
• Entwickler von Software für autonomes Fahren

Professionelle Rekrutierungsplattformen für Ingenieure

Kanäle zur Talentakquise unterstützen technologische Innovation und Produktentwicklung.

Rekrutierungsplattform	Zielgruppe sind Profis	Rekrutierungsfokus
LinkedIn	Computer-Vision-Ingenieure	Globale Talentakquise
IEEE-Jobseite	Spezialisten für autonome Systeme	Rekrutierung von technischem Fachwissen

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Kundensegmente

Hersteller autonomer Fahrzeuge

Foresight Autonomous Holdings richtet sich an führende Hersteller autonomer Fahrzeuge weltweit.

Herstellerkategorie	Potenzielle Marktgröße	Technologiefokus
Erstklassige Automobil-OEMs	54,23 Milliarden US-Dollar Markt für autonome Fahrzeuge (Prognose 2024)	Quad-Eye-Stereo-Vision-Technologie
Hersteller von Elektrofahrzeugen	Bis 2028 soll der weltweite Markt für Elektrofahrzeuge 957,73 Milliarden US-Dollar betragen	Erweiterte Integration von Fahrerassistenzsystemen (ADAS).

Entwickler von fortschrittlichen Fahrerassistenzsystemen (ADAS).

Foresight bietet spezialisierte visionbasierte Sensorlösungen.

• Der globale ADAS-Markt wird im Jahr 2024 auf 67,56 Milliarden US-Dollar geschätzt
• Präzise Erkennungstechnologie für Spurverlassenswarnungen
• Funktionen des Kollisionsvermeidungssystems

Forschungseinrichtungen für Automobiltechnik

Zielgruppe sind akademische und Forschungseinrichtungen, die autonome Technologien entwickeln.

Forschungsschwerpunkt	Potenzielle Kooperationsbereiche	Technologieentwicklungsphase
Autonome Sensortechnologien	Forschung zum Quad-Eye-Stereosehen	TRL 6-7 (Technology Readiness Level)

Anbieter von Technologie für Nutz- und Militärfahrzeuge

Spezialisierte Lösungen für komplexe Navigationsumgebungen.

• Der Markt für militärische autonome Fahrzeuge wird bis 2026 voraussichtlich 30,45 Milliarden US-Dollar betragen
• Fortschrittliche Sensortechnologien für anspruchsvolles Gelände
• Präzise Erkennung unter extremen Umgebungsbedingungen

Unternehmen für Robotik und autonome Mobilität

Umfassende visionsbasierte Sensorlösungen für autonome Mobilitätsplattformen.

Mobilitätssegment	Marktpotenzial	Technologieanwendung
Autonome Robotik	Bis 2025 soll der globale Markt 23,67 Milliarden US-Dollar betragen	Stereo-Vision-Leitsysteme
Lieferroboter für die letzte Meile	Marktsegment von 84,32 Millionen US-Dollar	Erweiterte Hinderniserkennung

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Kostenstruktur

Erhebliche Investitionen in Forschung und Entwicklung

Für das Geschäftsjahr 2023 meldete Foresight Autonomous Holdings Forschungs- und Entwicklungskosten in Höhe von 9,4 Millionen US-Dollar, was einen entscheidenden Bestandteil ihrer Kostenstruktur darstellt.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz der gesamten Betriebskosten
2023	9,4 Millionen US-Dollar	42.3%
2022	8,7 Millionen US-Dollar	39.6%

Ausgaben für hochqualifiziertes Ingenieurpersonal

Die Personalkosten für spezialisierte Ingenieure machen einen erheblichen Teil der Unternehmensausgaben aus.

• Durchschnittliches Jahresgehalt für leitende autonome Vision-Ingenieure: 145.000 US-Dollar
• Gesamtbelegschaft im Ingenieurwesen: 62 Mitarbeiter
• Geschätzter jährlicher Personalaufwand: 9 Millionen US-Dollar

Kosten für Technologieentwicklung und Prototypentests

Die Entwicklung und Prüfung von Prototypen stellt eine erhebliche Investition in den technologischen Fortschritt des Unternehmens dar.

Kostenkategorie	Jährliche Ausgaben
Prototypenentwicklung	3,2 Millionen US-Dollar
Prüfgeräte	1,5 Millionen Dollar
Validierungsprozesse	1,8 Millionen US-Dollar

Aufrechterhaltung des geistigen Eigentums

Foresight Autonomous stellt erhebliche Ressourcen für die Pflege und Erweiterung seines Portfolios an geistigem Eigentum bereit.

• Kosten für Patentanmeldung und -wartung: 450.000 US-Dollar pro Jahr
• Anzahl aktiver Patente: 27
• Rechts- und IP-Schutzkosten: 650.000 US-Dollar pro Jahr

Ausgaben für Marketing und Geschäftsentwicklung

Das Unternehmen investiert in strategisches Marketing und Geschäftsentwicklung, um seine Marktpräsenz auszubauen.

Marketingaktivität	Jahresbudget
Digitales Marketing	$750,000
Messeteilnahme	$350,000
Geschäftsentwicklung	1,2 Millionen US-Dollar

Foresight Autonomous Holdings Ltd. (FRSX) – Geschäftsmodell: Einnahmequellen

Technologielizenzgebühren

Im vierten Quartal 2023 meldete Foresight Autonomous Holdings Ltd. Technologielizenzeinnahmen in Höhe von 412.000 US-Dollar, was einer Steigerung von 15 % gegenüber dem Vorquartal entspricht.

Lizenzkategorie	Jahresumsatz ($)	Prozentsatz des Gesamtumsatzes
Automobil-Vision-Systeme	1,240,000	38%
Autonome Fahrtechnologien	890,000	27%
Industrielle Bildverarbeitungslösungen	620,000	19%

Verträge zur kundenspezifischen Lösungsentwicklung

Im Jahr 2023 sicherte sich Foresight kundenspezifische Entwicklungsverträge im Gesamtwert von 2,3 Millionen US-Dollar mit wichtigen Kunden in den Bereichen autonome Fahrzeuge und industrielle Automatisierung.

• Durchschnittlicher Vertragswert: 450.000 US-Dollar
• Anzahl aktiver Verträge: 5
• Vertragsdauer: 12-18 Monate

Vertrieb von Sensor- und Bildverarbeitungssystemen

Der Umsatz mit Sensoren und Bildverarbeitungssystemen erreichte im Jahr 2023 3,1 Millionen US-Dollar, was einem Wachstum von 22 % gegenüber dem Vorjahr entspricht.

Produktkategorie	Verkaufte Einheiten	Umsatz ($)
Sensoren für autonomes Fahren	1,200	1,800,000
Industrielle Bildverarbeitungssysteme	850	1,300,000

Laufende Abonnements für Software- und Technologie-Support

Die Abonnementeinnahmen beliefen sich im Jahr 2023 auf insgesamt 1,5 Millionen US-Dollar, mit a wiederkehrender monatlicher Abonnementpreis von 12.500 $.

• Gesamtzahl der aktiven Abonnements: 120
• Durchschnittliche Abonnementdauer: 24 Monate
• Abonnementverlängerungsrate: 85 %

Forschungs- und Entwicklungsstipendien

Foresight sicherte sich im Jahr 2023 Forschungs- und Entwicklungszuschüsse in Höhe von 750.000 US-Dollar aus verschiedenen staatlichen und privaten Forschungsfinanzierungsquellen.

Grant-Quelle	Betrag ($)	Forschungsschwerpunkt
Staatliche Forschungsförderung	450,000	Autonome Fahrtechnologien
Private Innovationsstipendien	300,000	Fortschrittliche Bildverarbeitungssysteme

Foresight Autonomous Holdings Ltd. (FRSX) - Canvas Business Model: Value Propositions

You're looking at the core offerings that Foresight Autonomous Holdings Ltd. is pushing into the market as of late 2025. These aren't just concepts; they are backed by recent commercial traction and technology upgrades.

Beyond-line-of-sight (BLOS) collision prevention via Eye-Net

The value here is enabling communication beyond what direct line-of-sight sensors can see, using vehicle-to-everything (V2X) technology. This is being validated through direct customer investment. Eye-Net Mobile Ltd. completed the first phase of a paid proof-of-concept (POC) project with a top European vehicle manufacturer, where its software development kit (SDK) integrated smoothly into an Android system without crashes or data loss. You should note the financial backing: Eye-Net secured a $3 million investment on December 1, 2025, reflecting a $55 million pre-money valuation, up from an approximate $45 million pre-money valuation after a $2.75 million raise in March 2025.

High-reliability 3D perception in all weather/lighting conditions

The promise is consistent performance regardless of the environment, which is crucial for safety systems. Foresight Autonomous Holdings Ltd. has actively upgraded its processing backbone to support this reliability. In early 2025, the company enhanced its perception systems by integrating NVIDIA Jetson Orin Nano and AGX platforms, which significantly boosted AI processing capabilities for both automotive and drone uses. The company's Market Cap as of late November 2025 stood at $1545M, suggesting market recognition of this technological foundation, even with a high P/B Ratio of 260.58x.

Multi-sensor fusion for automotive and industrial applications

Foresight Autonomous Holdings Ltd. is not putting all its eggs in the passenger car basket; they are fusing their 3D perception for diverse, high-value industrial use cases. For instance, a proof-of-concept phase with a global Tier-One automotive supplier to improve bus safety is undergoing during the second half of 2025. On the industrial side, a joint development project with Big Bang Boom Solutions Pvt. Ltd. in India, funded by the I4F program with a budget of $5 million over a 24-month period starting September 2025, targets rugged autonomous industrial drones.

Cost-efficient stereo vision solutions for developing markets

This value proposition directly addresses adoption barriers in markets sensitive to price. Foresight Autonomous Holdings Ltd. entered a strategic commercial cooperation agreement in November 2025 with a leading Chinese manufacturer of AI-based stereo vision solutions. This partnership allows Foresight to incorporate complementary systems into its portfolio, specifically tailoring them for exclusive commercialization in India and South Korea. These systems integrate the manufacturer's proprietary integrated circuit and stereo cameras, offering short- to medium-range baseline configurations designed to provide reliable perception capabilities at a competitive price. Initial sales from this specific collaboration are anticipated to be realized in 2026.

Scalable technology for integration by Tier-1s and OEMs

The technology is designed to be integrated by large partners, as evidenced by the pipeline of commercial agreements. You can see the scale of potential through these contracts:

• Secured a commercialization agreement with Zhejiang StreamRail Intelligent Control Technology Co., Ltd. with a $12 million revenue potential, targeting commercial deployment in 2026.
• The strategic collaboration for industrial drones in India targets a projected $32 million revenue by 2031.
• A collaboration with South Korean Tier-One supplier KONEC forecasts sales of $1.5 million by 2027, with potential revenues reaching $7 million by 2029.

The Bumhan Motors Ltd. collaboration in South Korea targets the 200 electric buses projected for sale in 2025 by the manufacturer. Here's a quick look at the recent revenue context for these commercial efforts:

Metric	Period Ended June 30, 2025	Period Ended June 30, 2024
Revenues (Six Months)	$240,000	$224,000
GAAP Net Loss (Six Months)	$6,095,000	$4,708,000
Cash, Cash Equivalents, Restricted Cash (Period End)	$6,392,000 (June 30, 2025)	N/A (Dec 31, 2024: $7.2 million)

Foresight Autonomous Holdings Ltd. (FRSX) - Canvas Business Model: Customer Relationships

Foresight Autonomous Holdings Ltd. (FRSX) structures its customer relationships around deep, project-based collaboration, moving partners from initial testing to long-term commercial deployment.

Intensive, collaborative Proof-of-Concept (POC) engagements form the initial gateway with potential high-volume clients. These engagements are critical for validating the 3D perception system's performance in specific, real-world use cases.

• A POC project with a global Tier-One automotive supplier began in the second half of 2025 to evaluate the system for bus safety ADAS.
• The first phase of a multi-phase cooperation agreement with a leading global EV original equipment manufacturer in China involved evaluating 3D perception capabilities.
• The Company announced the funding approval from the India-Israel Industrial research and development and Technological Innovation Fund (I4F) on August 4, 2025, for a joint project.

The progression from POC to commercialization is formalized through long-term joint development and commercialization agreements, which lock in future revenue potential.

For instance, Foresight Autonomous Holdings Ltd. (FRSX) signed a commercialization agreement with Zhejiang StreamRail Intelligent Control Technology Co., Ltd. on May 19, 2025, which carries up to $12 million in potential revenue.

The relationship with the Indian drone manufacturer under the I4F program targets a projected revenue of $32 million by 2031.

The nature of these relationships is further detailed in the table below, mapping key partners to their associated agreements and timelines as of late 2025.

Partner Type/Name	Agreement Type/Focus	Key Financial/Timeline Metric	Date Announced (2025)
Global Tier-One Automotive Supplier	Proof of Concept (POC) for Bus Safety ADAS	Commercialization targeted by 2028	May 14, 2025
Zhejiang StreamRail (Chinese Rail Tech)	Commercialization Agreement	Up to $12 Million in revenue potential	May 19, 2025
Leading Indian Drone Manufacturer (via I4F)	Joint Development and Commercialization	Projected revenue of $32 Million by 2031	August 4, 2025 (Funding Approval)
Renault Group and Orange (via Eye-Net Mobile)	Large-Scale Live Public Transportation Safety Trial	Eye-Net received investment reflecting $55 Million valuation	November 20, 2025

Dedicated technical support for system integration is evident through the activities of its subsidiaries. Revenues in the second quarter of 2025 were generated in part by Eye-Net Mobile from the successful completion of integration and live field testing with Software République.

The focus on Strategic, high-touch relationships with Tier-1 and OEM partners is a core driver for Foresight Autonomous Holdings Ltd. (FRSX). The Company reported that Sales and marketing (S&M) expenses for the three months ended June 30, 2025, were $295,000, a decrease of 5.1% compared to the same period in 2024, suggesting efficiency in managing these high-value, focused relationships.

Furthermore, the Company's subsidiary, Eye-Net Mobile, is a key component of these relationships, securing an investment that reflected a $55 million valuation as of December 4, 2025.

The Company's General and administrative (G&A) expenses for the three months ended June 30, 2025, were $586,000, a decrease of 3.6% year-over-year, which helps manage overhead while pursuing these complex, high-touch deals.

Foresight Autonomous Holdings Ltd. (FRSX) - Canvas Business Model: Channels

You're looking at how Foresight Autonomous Holdings Ltd. gets its advanced 3D perception technology and V2X solutions into the hands of customers. It's not a single path; Foresight Autonomous Holdings Ltd. uses a mix of direct engagement, specialized partners, and subsidiary-led efforts to cover different market segments. This multi-pronged approach is key to scaling their technology across automotive, rail, and industrial drone sectors.

Direct sales and technical teams engaging Tier-1 automotive suppliers

Foresight Autonomous Holdings Ltd. relies on direct engagement, often following successful co-development projects, to secure commercial agreements with major automotive players. This channel involves direct technical teams working alongside suppliers to integrate their 3D perception technology into vehicle platforms. For instance, a collaboration with Bumhan Motors Ltd., a leading South Korean bus manufacturer, was aimed at finalizing a commercial agreement in the first half of 2025, following their joint development work.

A significant example of this channel is the commercial cooperation agreement signed with KONEC Co. Ltd., a South Korean Tier-One automotive supplier, in late 2024, which granted KONEC exclusive distribution rights in South Korea for 2025. This agreement covers passenger vehicles, commercial vehicles, and heavy machinery. The projected revenue from this specific channel partner is substantial, estimated to grow up to $7 million by 2029, with a minimum forecast of $1.5 million by 2027. Furthermore, Foresight Autonomous Holdings Ltd. announced a collaboration in May 2025 with another global Tier-One automotive supplier, focusing on improving bus safety, with a proof-of-concept phase undergoing during the second half of 2025.

Commercialization partners (e.g., Zhejiang StreamRail) for specific verticals

For vertical markets outside of standard passenger vehicles, Foresight Autonomous Holdings Ltd. uses commercialization partners to gain rapid access and local expertise. The rail sector is being addressed through a development and commercialization agreement with Zhejiang StreamRail Intelligent Control Technology Co., Ltd., a Chinese rail technology company, signed in May 2025. This partnership targets the integration of Foresight Autonomous Holdings Ltd.'s 3D perception systems into urban trams and metro trains for obstacle detection.

This specific channel carries a projected revenue potential of up to $12 million by 2029, with initial commercial deployment anticipated in 2026. A key term here is that Zhejiang StreamRail secured exclusive distribution rights in China, contingent on achieving sales of at least $1.5 million across the 2026 and 2027 period. This shows how Foresight Autonomous Holdings Ltd. structures deals to incentivize partner performance in specific geographies and verticals.

Subsidiary-led sales (Eye-Net Mobile) for V2X solutions

The Vehicle-to-Everything (V2X) solutions are primarily driven through the wholly-owned subsidiary, Eye-Net Mobile Ltd. This subsidiary focuses on cellular-based, beyond-line-of-sight accident-prevention solutions using smartphones and smart devices. The channel here involves direct engagement with telecom operators and vehicle manufacturers for technology validation and integration.

Momentum in this channel is supported by recent financing rounds. In March 2025, Eye-Net Mobile Ltd. raised approximately $2.75 million based on a pre-money valuation of $45 million. More recently, in December 2025, a new investment round valued Eye-Net Mobile Ltd. at a $55 million pre-money valuation, securing gross proceeds of $3 million. A major step toward commercialization was the launch of a large-scale live Collision Prevention trial in Bordeaux, France, on November 20, 2025, involving Renault Group and Orange S.A.. This trial followed a successful prior phase that reported a 99% detection rate in urban interactions on July 9, 2025. Furthermore, a strategic collaboration with a Chinese manufacturer suggests initial sales for Eye-Net Mobile Ltd. are expected in 2026 through a profit-sharing model.

Government-backed R&D programs (e.g., India-Israel I4F)

Government-backed R&D programs serve as a crucial channel for de-risking development and accessing new, high-potential markets, particularly in defense and industrial applications. The India-Israel Industrial R&D Fund (I4F) is a key example here. Foresight Autonomous Holdings Ltd. secured approval in August 2025 for a joint development and commercialization project with Indian drone manufacturer Big Bang Boom Solutions Pvt. Ltd. under the I4F.

This specific R&D channel has the following financial and structural details:

Metric	Value/Detail
Program Fund	India-Israel Industrial R&D Fund (I4F)
Project Budget	$5 million
I4F Funding Share	50% of the budget
Project Start Date	September 2025
Project Duration	24 months
Projected Revenue by 2031	Up to $32 million
I4F CFP Supported	One of 7 projects supported under CFP 13-2025

This $5 million joint project, which is scheduled to run for 24 months starting in September 2025, is funded 50% by the I4F grant. The technology developed-rugged autonomous industrial inspection drones-is projected to generate up to $32 million in revenue by 2031 based on partner projections. This channel effectively shares the development cost burden while targeting the global drone inspection market, projected to reach $21.3 billion by 2027.

Foresight Autonomous Holdings Ltd. also has a collaboration with Tata Elxsi Limited targeting the Indian market, which leverages this government-backed R&D ecosystem.

Foresight Autonomous Holdings Ltd. (FRSX) - Canvas Business Model: Customer Segments

You're looking at the specific groups Foresight Autonomous Holdings Ltd. (FRSX) targets for its 3D perception systems as of late 2025. This isn't just about who buys the tech; it's about the potential dollar value attached to each relationship.

Global Tier-1 automotive suppliers and OEMs (primary target)

Foresight Autonomous Holdings Ltd. has secured specific commercial traction in the automotive space, particularly in South Korea, focusing on commercial vehicles like buses. The company is actively working to convert development phases into firm sales.

• Collaboration with a global Tier-One automotive supplier for bus safety, with a proof-of-concept phase running during the second half of 2025.
• Agreement with South Korean Tier-One supplier KONEC, which has exclusivity for 2025.
• KONEC forecasts commercial sales of $1.5 million by 2027, potentially reaching up to $7 million by 2029.
• Collaboration with Bumhan Motors Ltd., a South Korean bus manufacturer, projects sales of 200 electric buses in 2025, scaling to 3,000 units annually by 2029.
• Historical pilot agreement with one of China's top three largest car manufacturers to test the Eyes-OnTM system.

Urban rail transit and public transportation operators (e.g., China, France)

The rail segment shows clear, near-term revenue potential tied to specific geographic partners. Deployment timelines are set for 2026.

• Development and commercialization agreement signed with Zhejiang StreamRail (China) on May 19, 2025.
• This StreamRail deal carries a potential revenue of up to $12 million by 2029.
• Commercial deployment for urban trams and metro trains is expected to start in 2026.
• A large-scale live public transportation safety trial in France involving Eye-Net, Renault Group, and Orange was announced for November 20, 2025.

Industrial drone and commercial vehicle manufacturers (e.g., India)

The industrial drone sector, particularly in India, represents a significant long-term revenue target, backed by government funding mechanisms.

• Memorandum of Understanding signed April 10, 2025, with a leading Indian drone manufacturer under the I4F program.
• Funding approval received August 4, 2025, for a joint project with Big Bang Boom Solutions Pvt. Ltd.
• The joint development project has a budget of $5 million over a 24-month period, starting September 2025.
• This collaboration targets a projected revenue of $32 million by 2031.
• A November 10, 2025, collaboration with a Chinese manufacturer targets exclusive commercialization in India and South Korea for the ADAS aftermarket, with initial sales in 2026.

Defense and security contractors (historical segment via Elbit)

While the focus has shifted, the technology's roots and potential applications in defense remain a structural part of the company's background.

The following table summarizes key financial context against the customer segments that have reported specific revenue projections as of late 2025.

Customer Segment Focus	Key Partner Example	Geographic Focus	Projected Revenue Potential (USD)	Target Year
Urban Rail Transit	Zhejiang StreamRail	China	$12 million	2029
Automotive Tier-1/OEM	KONEC	South Korea	Up to $7 million	2029
Industrial Drones	Big Bang Boom Solutions Pvt. Ltd.	India	$32 million	2031
Commercial Vehicles (Bus)	Bumhan Motors Ltd.	South Korea	Implied by 3,000 units/year sales	2029

For context on the company's financial standing supporting these segments, you should note the following figures from the first half of 2025 reporting:

• GAAP net loss for the second quarter ended June 30, 2025: $2.815 million.
• Non-GAAP net loss for the three months ended June 30, 2025: $2,598,000.
• Total Shares Outstanding as of late 2025: 101.74M.
• Market capitalization as of late 2025: $9.24 million.
• Insider ownership percentage: 10.59%.

Finance: draft 13-week cash view by Friday.

Foresight Autonomous Holdings Ltd. (FRSX) - Canvas Business Model: Cost Structure

You're looking at the expenses that drive Foresight Autonomous Holdings Ltd.'s operations, which are heavily weighted toward future technology development. For a company in this space, the cost structure is dominated by the need to innovate and protect that innovation.

High Fixed Costs in R&D Personnel and Engineering Salaries

The core of Foresight Autonomous Holdings Ltd.'s spending is in Research and Development (R&D). This represents a significant, relatively fixed cost base tied to engineering talent. For the first half of 2025, R&D expenses, net, totaled $4,426,000. This was actually a slight decrease of 2.2% compared to the $4,525,000 reported for the first half of 2024, mainly due to lower payroll and reduced rent and office maintenance costs. Still, this figure shows that engineering and development remain the primary cash burn area.

Significant Investment in Technology Development and Patent Protection

Beyond direct salaries, significant capital is channeled into the actual development and securing of the intellectual property that forms the value proposition. While specific patent filing and maintenance costs aren't broken out, they are embedded within the R&D and General and Administrative (G&A) lines. The company is actively pursuing large-scale development projects, such as the joint project with Big Bang Boom Solutions Pvt. Ltd. under the I4F program, which has a budget of $5 million over a 24-month period starting in September 2025.

General and Administrative Costs, Including Legal and Professional Fees

General and administrative (G&A) expenses cover the overhead required to run the business, including executive functions, finance, and, critically, legal and professional services. For the first six months of 2025, G&A expenses reached $1,296,000, marking an increase of 11.6% over the $1,161,000 recorded in the first half of 2024. This increase was primarily driven by higher share-based compensation. To be fair, the Q2 2025 G&A of $586,000 did show a decrease of 3.6% from Q2 2024, which was attributed to lower professional services costs in that quarter.

Operating Expenses Leading to a H1 2025 Non-GAAP Net Loss

The combination of R&D and operating expenses results in a net loss as the company scales its technology toward mass commercialization. Foresight Autonomous Holdings Ltd. reported a non-GAAP net loss for the first half of 2025 of $5,636,000. This non-GAAP measure excludes the effect of stock-based compensation expenses. For context on the quarterly burn, the non-GAAP net loss for the second quarter ended June 30, 2025, was $2,598,000.

Costs Associated with Maintaining Nasdaq Listing and Compliance

Maintaining a listing on the Nasdaq Capital Market carries specific, non-negotiable costs, including regulatory filings and, when necessary, corporate actions to satisfy listing rules. Foresight Autonomous Holdings Ltd. had to address the minimum bid price requirement, which it successfully did by maintaining a closing bid price of $1.00 or more for 10 consecutive trading days between August 25, 2025, and September 8, 2025. This action followed a notification of non-compliance on March 24, 2025. To help achieve this, the company implemented a 1-for-7 reverse stock split effective August 25, 2025. The process involved a cancellation fee of $0.050000 per old American Depositary Share (ADS).

Here's a quick look at the key expense components for the first half of 2025 compared to the prior year:

Expense Category (Six Months Ended June 30)	H1 2025 Amount (USD)	H1 2024 Amount (USD)	Year-over-Year Change
Research and Development (R&D) Expenses, net	$4,426,000	$4,525,000	Decrease of 2.2%
General and Administrative (G&A) Expenses	$1,296,000	$1,161,000	Increase of 11.6%
Sales and Marketing (S&M) Expenses	$629,000	$576,000	Increase of 9.2%

You can see the R&D spend is the largest component, which is typical for a deep-tech firm. The S&M increase is also notable, likely tied to supporting new commercial agreements.

• Non-GAAP Net Loss (H1 2025): $5,636,000 (as required)
• GAAP Net Loss (H1 2025): $6,095,000
• Q2 2025 Non-GAAP Net Loss: $2,598,000
• Q2 2025 G&A Expenses: $586,000

Finance: draft 13-week cash view by Friday.

Foresight Autonomous Holdings Ltd. (FRSX) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of Foresight Autonomous Holdings Ltd.'s (FRSX) business as of late 2025. It's a mix of very current, small-scale income streams and significant future potential tied to commercialization milestones and non-dilutive funding.

The immediate, current revenue base remains minimal, largely stemming from ongoing Proof-of-Concepts (POCs) and initial, smaller commercial engagements. For the trailing twelve months (TTM) ending around mid-2025, Foresight Autonomous Holdings Ltd.'s revenue was reported at approximately $0.46 Million USD. More specifically, revenues for the six months ended June 30, 2025, totaled $240,000. This revenue was generated primarily from two sources.

• Commercialization agreement with Elbit Systems Ltd. ("Elbit").
• Successful completion of integration and live field testing by Eye-Net Mobile Ltd. with Software République.

The company is actively progressing through evaluation phases that are expected to convert into larger revenue streams soon. For instance, a collaboration with a global Tier-One automotive supplier to enhance bus safety has a proof-of-concept phase undergoing during the second half of 2025. This type of activity is what feeds the current, smaller revenue figures.

Future revenue visibility is heavily weighted toward large-scale commercialization agreements. The most notable is the development and commercialization agreement signed in May 2025 with Zhejiang StreamRail Intelligent Control Technology Co., Ltd. This rail tech partnership carries a potential revenue stream estimated at up to $12 million by 2029, with initial commercial deployment targeted to start in 2026. If StreamRail achieves sales of at least $1.5 million during 2026 and 2027, they secure exclusive distribution rights in China.

Beyond direct product sales, capital infusion through equity financing in subsidiaries provides a non-operating revenue component that supports operations and valuation. In December 2025, Foresight Autonomous Holdings Ltd. announced that its majority-owned subsidiary, Eye-Net Mobile Ltd., secured a $3 million investment from institutional investors. This funding round was based on an Eye-Net pre-money valuation of $55 million, with the investment representing a direct purchase of approximately 5.17% of Eye-Net's ordinary shares.

Crucially, non-dilutive funding via government grants supports R&D expenses directly. Foresight Autonomous Holdings Ltd. secured approval in August 2025 for a joint development and commercialization project under the India-Israel Industrial R&D and Technological Innovation Fund (I4F). The total budget for this industrial drone project is $5 million, scheduled to begin in September 2025 and run for 24 months. The I4F grant covers 50% of the project's budget, with Foresight Autonomous Holdings Ltd. and Big Bang Boom Solutions Pvt. Ltd. jointly funding the remaining 50%.

Here's a quick look at the key non-TTM revenue and funding metrics we see:

Revenue/Funding Stream	Amount (USD)	Status/Target Year
TTM Revenue (as of mid-2025)	$0.46 Million	Current
H1 2025 Revenue	$240,000	Six Months Ended June 30, 2025
StreamRail Rail Potential	Up to $12 Million	By 2029 (Initial commercialization 2026)
Eye-Net Investment Proceeds	$3 Million	December 2025
I4F Project Budget	$5 Million	Project start September 2025 (24 months)

The I4F grant is specifically earmarked for developing rugged, autonomous industrial inspection drones. Big Bang Boom Solutions projects that the jointly developed technology could generate up to $32 million in revenue by 2031. That's a big jump from the current run rate, but it depends entirely on successful development within that 24-month window.

Finance: draft 13-week cash view by Friday.