Foresight Autonomous Holdings Ltd. (FRSX): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el paisaje en rápida evolución de la tecnología de conducción autónoma, Foresight Autónomo Holdings Ltd. (FRSX) surge como una fuerza pionera, revolucionando la seguridad del vehículo a través de soluciones de detección de visión multi-espectrales innovadoras. Al combinar a la perfección los algoritmos avanzados de IA, las tecnologías de sensores de vanguardia y los sistemas de visión innovadores, la compañía no solo está desarrollando capacidades de conducción autónoma, sino que reinventa fundamentalmente cómo los vehículos perciben y navegan por entornos complejos. Su modelo de negocio único representa un plan estratégico para transformar la seguridad del transporte, colocar a FRSX a la vanguardia de una revolución tecnológica que promete drásticamente reducir los riesgos de accidentes y mejorar la conciencia situacional en la movilidad autónoma.

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocio: asociaciones clave

Colaboraciones estratégicas con fabricantes de automóviles

A partir de 2024, Foresight Autonomous Holdings ha establecido asociaciones con los siguientes fabricantes de automóviles:

Fabricante	Detalles de la asociación	Año iniciado
Magna International	Integración de tecnología de conducción autónoma	2022
Proveedor automotriz de nivel 1	Desarrollo de tecnología de visión estéreo y detección térmica	2023

Asociaciones de investigación con instituciones académicas y tecnológicas

La previsión tiene colaboraciones de investigación activas con las siguientes instituciones:

• Universidad de Ben-Gurion del Negev
• Technion - Instituto de Tecnología de Israel
• Universidad de Tel Aviv

Potencios empresas conjuntas en tecnología de conducción autónoma

Áreas actuales de exploración de empresas conjuntas:

Enfoque tecnológico	Socios potenciales	Etapa de desarrollo
Sistemas avanzados de asistencia al conductor (ADAS)	Empresas de tecnología automotriz no reveladas	Discusiones preliminares
Soluciones de imágenes térmicas	Socios del sector de defensa y automotriz	Etapa de negociación avanzada

Alianzas con desarrolladores de tecnología de sensores y IA

Asociaciones actuales de Alianza de Tecnología:

• Desarrollo de sensores de IA: Colaboración continua con especialistas en algoritmo de aprendizaje automático
• Mejora de la visión por computadora: Asociación con proveedores de tecnología de redes neuronales

Inversión total de I + D en asociaciones: $ 3.2 millones en 2023

Métricas de colaboración de asociación:

Métrico	Valor 2023
Número de asociaciones activas	7
Colaboraciones de patentes	4
Proyectos de investigación conjuntos	3

Foresight Autónomos Holdings Ltd. (FRSX) - Modelo de negocio: actividades clave

Desarrollo de sistemas de visión de conducción autónoma

Foresight Autónomo Holdings Ltd. se centra en desarrollar sistemas de visión de conducción autónoma avanzados con capacidades tecnológicas específicas:

Aspecto tecnológico	Detalles específicos
Tecnología de visión estereoscópica	Sistema de visión multiespectral QuadSight®
Cartera de patentes	17 Patentes concedidas a partir de 2023
Inversión de I + D	$ 4.2 millones en 2022 año fiscal

Creación de algoritmo avanzado de IA y aprendizaje automático

Las áreas clave de desarrollo algorítmico incluyen:

• Arquitecturas de redes neuronales de aprendizaje profundo
• Algoritmos de detección de objetos en tiempo real
• Tecnología de fusión de sensores

Investigación e innovación de tecnología de sensores

Tipo de sensor	Especificación tecnológica
Sensores de imágenes térmicas	Capacidad de percepción de 360 ​​grados
Rango espectral	Espectro LWIR (infrarrojo de onda larga)
Rango de detección	Hasta 1000 metros en completa oscuridad

Prueba y validación de prototipo

Prueba de métricas y procesos de validación:

• Más de 500,000 kilómetros de pruebas de simulación
• Colaboración con fabricantes de automóviles
• Cumplimiento de los estándares internacionales de conducción autónoma

Métricas clave de rendimiento: - Personal de I + D: 35 ingenieros - Horas de prueba anuales: más de 10,000 horas - Nivel de preparación tecnológica: 7/9

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocio: recursos clave

Tecnología de detección de visión multiespectral patentada

Foresight Autonomous Holdings Ltd. ha desarrollado una tecnología de detección de visión multi-espectral con las siguientes especificaciones técnicas:

Especificación tecnológica	Detalles
Rangos espectrales	Visual, infrarrojo cercano, térmico
Resolución	1280x960 píxeles
Velocidad de cuadro	Hasta 30 cuadros por segundo

Talento avanzado de ingeniería de software

El equipo de ingeniería de software de la compañía comprende:

• 25 ingenieros de software especializados
• Experiencia promedio de 8.5 años en tecnologías de conducción autónoma
• Múltiples doctorados en visión por computadora y aprendizaje automático

Cartera de propiedades intelectuales

Categoría de IP	Número de patentes
Patentes de conducción autónoma	17 patentes registradas
Aplicaciones de patentes pendientes	8 aplicaciones

Infraestructura de investigación y desarrollo

Detalles de inversión de I + D:

• Gastos anuales de I + D: $ 6.2 millones (año fiscal 2023)
• Instalación de I + D Ubicación: Ness Ziona, Israel
• Personal total de I + D: 42 empleados

Instalaciones de pruebas y simulación especializadas

Tipo de instalación	Presupuesto
Entorno de simulación	Simulador de escenario de conducción avanzada
Pista de prueba	1.5 kilómetros área de prueba dedicada
Prueba de hardware	Cámaras de prueba controladas por clima

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocio: propuestas de valor

Soluciones de seguridad de conducción autónoma de vanguardia

Foresight Autonomous Holdings Ltd. proporciona sistemas avanzados de asistencia al controlador (ADAS) con las siguientes especificaciones técnicas:

Tecnología	Métricas de rendimiento
Rango de detección multiespectral	Distancia de detección de hasta 250 metros
Precisión de detección de objetos	Tasa de precisión del 99.5%
Resolución de imágenes térmicas	Capacidad del sensor de píxeles de 640x512

Tecnología avanzada de visión multiespectral

Las capacidades tecnológicas clave incluyen:

• Sistema de visión estereoscópica de quad-camera
• Integración de imágenes infrarrojas y térmicas
• Procesamiento en tiempo real a 30 cuadros por segundo

Capacidades mejoradas de detección de objetos y reconocimiento

Métricas de rendimiento de detección:

• Algoritmos de aprendizaje automático con una precisión de clasificación del 99.7%
• Rango de detección de visión nocturna: 250 metros
• Adaptabilidad de la condición climática: Funcional en temperaturas de -40 ° C a 85 ° C

Conciencia situacional mejorada

Parámetro de conciencia	Especificación
Campo de visión	Cobertura de 360 ​​grados
Estado latente	Menos de 50 milisegundos
Capacidad de fusión del sensor	Integración de 4 tipos de sensores

Riesgos de accidentes reducidos

Indicadores de rendimiento de seguridad:

• Precisión de prevención de colisiones: 99.6%
• Rango de detección de peatones: hasta 200 metros
• Tiempo de respuesta: menos de 100 milisegundos

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocios: relaciones con los clientes

Soporte técnico para la integración de tecnología automotriz

Foresight Autónomos Holdings ofrece servicios de soporte técnico especializados para la integración de tecnología de vehículos autónomos. A partir del cuarto trimestre de 2023, la compañía ofrece:

Servicio de apoyo	Tiempo de respuesta	Cobertura
Soporte técnico de Nivel 1	Disponibilidad 24/7	Mercados automotrices globales
Solución de problemas avanzada	Ventana de resolución de 48 horas	Sistemas de conducción autónomos especializados

Actualizaciones continuas de software y tecnología

La compañía mantiene un enfoque estructurado para las actualizaciones de tecnología:

• Lanzamientos de parche de software trimestral
• Actualizaciones anuales de la versión principal
• Implementaciones de parches de seguridad inmediatas

Desarrollo colaborativo con fabricantes de automóviles

La previsión autónoma colabora con múltiples fabricantes automotrices a través de modelos de participación estructurados:

Categoría de fabricante	Número de asociaciones activas	Etapa de desarrollo
Nivel automotriz de nivel 1	3 asociaciones confirmadas	Integración de prototipos avanzados
Startups emergentes de vehículos autónomos	5 proyectos de colaboración	Desarrollo de tecnología en etapa temprana

Diseño de solución personalizada para requisitos específicos del cliente

Foresight Autónomo ofrece soluciones tecnológicas personalizadas con las siguientes características:

• Configuraciones del sistema de percepción personalizada
• Adaptación de hardware modular
• Optimización de algoritmos específicos del cliente

Métricas de rendimiento clave para 2023:

Métrico	Valor
Proyectos totales de participación del cliente	12 proyectos activos
Calificación de satisfacción del cliente	4.7/5
Ciclo promedio de desarrollo de proyectos	9-12 meses

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocio: canales

Ventas directas a fabricantes de automóviles

La previsión se dirige a los fabricantes automotrices a través de canales de ventas directos, centrándose en sistemas avanzados de asistencia al conductor (ADAS) y tecnologías de vehículos autónomos.

Canal de ventas	Mercado objetivo	Enfoque de compromiso
Ventas directas de B2B	OEM automotrices	Presentaciones de productos técnicos
Licencias de tecnología	Proveedores automotrices de nivel 1	Soluciones de integración personalizadas

Conferencias tecnológicas y exhibiciones de la industria

La previsión aprovecha los eventos de la industria para mostrar capacidades tecnológicas.

• CES (Consumer Electronics Show)
• Conferencia de autosens
• Conferencia de movilidad de la IAA

Documentación técnica en línea y demostraciones de productos

Las plataformas digitales proporcionan recursos técnicos integrales para clientes potenciales.

Canal digital	Tipo de contenido	Accesibilidad
Sitio web de la empresa	Paperadores técnicos	Acceso público
Canal de youtube	Videos de demostración de productos	Alcance global

Redes de asociación de tecnología estratégica

Las asociaciones de tecnología clave mejoran la penetración del mercado y las capacidades de desarrollo de productos.

• Fabricantes de semiconductores automotrices
• AI y proveedores de tecnología de aprendizaje automático
• Desarrolladores de software de conducción autónoma

Plataformas de reclutamiento de ingeniería profesional

Los canales de adquisición de talento apoyan la innovación tecnológica y el desarrollo de productos.

Plataforma de reclutamiento	Profesionales objetivo	Enfoque de reclutamiento
LinkedIn	Ingenieros de visión por computadora	Adquisición de talento global
IEEE Sitio de trabajo	Especialistas en sistemas autónomos	Reclutamiento de experiencia técnica

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocio: segmentos de clientes

Fabricantes de vehículos autónomos

La previsión de la propiedad autónoma se dirige a los fabricantes de vehículos autónomos de primer nivel a nivel mundial.

Categoría de fabricante	Tamaño potencial del mercado	Enfoque tecnológico
Nivel automotriz de nivel 1	Mercado de vehículos autónomos de $ 54.23 mil millones (proyección 2024)	Tecnología de visión estéreo de cuatro ojos
Fabricantes de vehículos eléctricos	$ 957.73 mil millones del mercado global de EV para 2028	Integración avanzada del sistema de asistencia del controlador (ADAS)

Desarrolladores avanzados del Sistema de Asistencia del Conductor (ADAS)

Foresight proporciona soluciones de detección especializadas basadas en la visión.

• Mercado global de ADAS estimado en $ 67.56 mil millones en 2024
• Tecnología de detección de precisión para advertencias de salida de carril
• Capacidades del sistema de evitación de colisión

Instituciones de investigación de tecnología automotriz

Se dirige a organizaciones académicas y de investigación que desarrollan tecnologías autónomas.

Enfoque de investigación	Áreas potenciales de colaboración	Etapa de desarrollo tecnológico
Tecnologías de detección autónoma	Investigación de visión estéreo de cuatro ojos	TRL 6-7 (nivel de preparación tecnológica)

Proveedores de tecnología de vehículos comerciales y militares

Soluciones especializadas para entornos de navegación complejos.

• Mercado de vehículos autónomos militares proyectado en $ 30.45 mil millones para 2026
• Tecnologías de detección avanzada para un terreno desafiante
• Detección de precisión en condiciones ambientales extremas

Empresas de robótica y movilidad autónoma

Soluciones de detección integrales basadas en la visión para plataformas de movilidad autónoma.

Segmento de movilidad	Potencial de mercado	Aplicación tecnológica
Robótica autónoma	$ 23.67 mil millones del mercado global para 2025	Sistemas de guía de visión estéreo
Robots de entrega de última milla	Segmento de mercado de $ 84.32 millones	Detección de obstáculos avanzados

Foresight Autónomos Holdings Ltd. (FRSX) - Modelo de negocio: Estructura de costos

Inversión significativa de I + D

Para el año fiscal 2023, Foresight Autonomous Holdings reportó gastos de I + D de $ 9.4 millones, lo que representa un componente crítico de su estructura de costos.

Año fiscal	Gastos de I + D	Porcentaje de costos operativos totales
2023	$ 9.4 millones	42.3%
2022	$ 8.7 millones	39.6%

Gastos de personal de ingeniería altamente calificadas

Los costos de personal para el talento especializado de ingeniería constituyen una parte significativa del gasto de la Compañía.

• Salario anual promedio para ingenieros senior de visión autónoma: $ 145,000
• Fuerza laboral total de ingeniería: 62 empleados
• Gastos anuales estimados de personal: $ 9 millones

Desarrollo de tecnología y costos de prueba de prototipo

El desarrollo y las pruebas de prototipo representan una inversión sustancial en el avance tecnológico de la compañía.

Categoría de costos	Gasto anual
Desarrollo prototipo	$ 3.2 millones
Equipo de prueba	$ 1.5 millones
Procesos de validación	$ 1.8 millones

Mantenimiento de la propiedad intelectual

La previsión autónoma asigna recursos significativos para mantener y expandir su cartera de propiedades intelectuales.

• Costos de presentación y mantenimiento de patentes: $ 450,000 anualmente
• Número de patentes activas: 27
• Gastos de protección legal y de IP: $ 650,000 por año

Gastos de marketing y desarrollo empresarial

La compañía invierte en marketing estratégico y desarrollo de negocios para expandir su presencia en el mercado.

Actividad de marketing	Presupuesto anual
Marketing digital	$750,000
Participación de la feria comercial	$350,000
Desarrollo comercial	$ 1.2 millones

Foresight Autonomous Holdings Ltd. (FRSX) - Modelo de negocios: flujos de ingresos

Tarifas de licencia de tecnología

A partir del cuarto trimestre de 2023, Foresight Autonomous Holdings Ltd. informó ingresos por licencia de tecnología de $ 412,000, lo que representa un aumento del 15% con respecto al trimestre anterior.

Categoría de licencias	Ingresos anuales ($)	Porcentaje de ingresos totales
Sistemas de visión automotriz	1,240,000	38%
Tecnologías de conducción autónoma	890,000	27%
Soluciones de visión industrial	620,000	19%

Contratos de desarrollo de soluciones personalizadas

En 2023, Foresight aseguró contratos de desarrollo personalizado por un total de $ 2.3 millones, con clientes clave en sectores autónomos de vehículos y automatización industrial.

• Valor promedio del contrato: $ 450,000
• Número de contratos activos: 5
• Duración del contrato: 12-18 meses

Ventas del sistema de sensores y visión

Las ventas del sistema de sensores y de visión alcanzaron los $ 3.1 millones en 2023, con un crecimiento anual del 22%.

Categoría de productos	Unidades vendidas	Ingresos ($)
Sensores de conducción autónomos	1,200	1,800,000
Sistemas de visión industrial	850	1,300,000

Software y tecnología continuas suscripciones de soporte

Los ingresos por suscripción en 2023 totalizaron $ 1.5 millones, con un Tasa de suscripción mensual recurrente de $ 12,500.

• Suscripciones activas totales: 120
• Duración promedio de la suscripción: 24 meses
• Tasa de renovación de suscripción: 85%

Subvenciones de investigación y desarrollo

Las subvenciones de I + D de Foresight obtuvieron un valor de $ 750,000 en 2023 de varias fuentes de financiamiento de investigación gubernamental y privada.

Fuente de subvenciones	Monto ($)	Enfoque de investigación
Financiación de la investigación del gobierno	450,000	Tecnologías de conducción autónoma
Becas de innovación privada	300,000	Sistemas de visión avanzados

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.