Foresight Autonomous Holdings Ltd. (FRSX): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage rapide de la technologie de conduite autonome en évolution, Foresight Autonomous Holdings Ltd. (FRSX) émerge comme une force pionnière, révolutionnant la sécurité des véhicules grâce à des solutions de détection de vision multi-spectrales révolutionnaires. En mélangeant parfaitement des algorithmes AI avancés, des technologies de capteurs de pointe et des systèmes de vision innovants, la société ne développe pas seulement des capacités de conduite autonomes, mais réinvente fondamentalement la façon dont les véhicules perçoivent et naviguent sur des environnements complexes. Leur modèle commercial unique représente un plan stratégique pour transformer la sécurité des transports, positionnant FRSX à l'avant-garde d'une révolution technologique qui promet de réduire considérablement les risques d'accident et d'améliorer la sensibilisation à la situation de la mobilité autonome.

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle commercial: Partenariats clés

Collaborations stratégiques avec les constructeurs automobiles

En 2024, Foresight Autonomous Holdings a établi des partenariats avec les constructeurs automobiles suivants:

Fabricant	Détails du partenariat	Année initiée
Magna International	Intégration de la technologie de conduite autonome	2022
Fournisseur automobile de niveau 1	Vision stéréo et développement de technologie de détection thermique	2023

Partenariats de recherche avec des institutions universitaires et technologiques

La prévoyance a des collaborations de recherche actives avec les institutions suivantes:

• Université Ben Gourion du Néguev
• Technion - Institut israélien de technologie
• Université de Tel Aviv

Coentreprises potentielles dans la technologie de conduite autonome

Zones d'exploration de coentreprise actuelles:

Focus technologique	Partenaires potentiels	Étape de développement
Systèmes avancés d'assistance à la conduite (ADAS)	Entreprises de technologie automobile non divulguée	Discussions préliminaires
Solutions d'imagerie thermique	Partners du secteur de la défense et de l'automobile	Étape de négociation avancée

Alliances avec des développeurs de technologies de capteur et d'IA

Partenariats actuels de l'alliance technologique:

• Développement du capteur d'IA: Collaboration continue avec des spécialistes des algorithmes d'apprentissage automatique
• Amélioration de la vision par ordinateur: Partenariat avec les fournisseurs de technologies de réseau neuronal

Investissement total de R&D dans les partenariats: 3,2 millions de dollars en 2023

Partenariat Collaboration Metrics:

Métrique	Valeur 2023
Nombre de partenariats actifs	7
Collaborations brevetées	4
Projets de recherche conjoints	3

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: Activités clés

Développement de systèmes de vision de conduite autonomes

Foresight Autonomous Holdings Ltd. se concentre sur le développement de systèmes avancés de vision de conduite autonomes avec des capacités technologiques spécifiques:

Aspect technologique	Détails spécifiques
Technologie de vision stéréoscopique	Système de vision multi-spectrale Quadsight®
Portefeuille de brevets	17 Brevets accordés à partir de 2023
Investissement en R&D	4,2 millions de dollars en 2022 Exercice

Création d'algorithme AI et d'apprentissage automatique avancé

Les domaines de développement algorithmique clés comprennent:

• Architectures de réseau neuronal d'apprentissage en profondeur
• Algorithmes de détection d'objets en temps réel
• Technologie de fusion de capteurs

Recherche et innovation de la technologie des capteurs

Type de capteur	Spécifications technologiques
Capteurs d'imagerie thermique	Capacité de perception à 360 degrés
Plage spectrale	Spectre LWIR (ondes infrarouges à ondes longues)
Plage de détection	Jusqu'à 1000 mètres dans l'obscurité complète

Test et validation des prototypes

Test des mesures et des processus de validation:

• Plus de 500 000 kilomètres de tests de simulation
• Collaboration avec les constructeurs automobiles
• Conformité aux normes internationales de conduite autonomes

Mesures de performance clés: - Personnel R&D: 35 ingénieurs - Heures de test annuelles: plus de 10 000 heures - Niveau de préparation à la technologie: 7/9

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: Ressources clés

Technologie de détection de vision multi-spectrale propriétaire

Foresight Autonomous Holdings Ltd. a développé une technologie de détection de vision multispectrale avec les spécifications techniques suivantes:

Spécifications technologiques	Détails
Gammes spectrales	Visuel, proche infrarouge, thermique
Résolution	1280x960 pixels
Fréquence d'images	Jusqu'à 30 images par seconde

Talent de génie logiciel avancé

L'équipe de génie logiciel de l'entreprise comprend:

• 25 ingénieurs logiciels spécialisés
• Expérience moyenne de 8,5 ans dans les technologies de conduite autonomes
• Plusieurs doctorants dans la vision par ordinateur et l'apprentissage automatique

Portefeuille de propriété intellectuelle

Catégorie IP	Nombre de brevets
Brevets de conduite autonomes	17 brevets enregistrés
Demandes de brevet en instance	8 applications

Infrastructure de recherche et de développement

Détails de l'investissement R&D:

• Dépenses annuelles de R&D: 6,2 millions de dollars (2023 Exercice)
• Emplacement de l'installation de R&D: Ness Siona, Israël
• Personnel total de R&D: 42 employés

Installations de tests et de simulation spécialisés

Type d'installation	Caractéristiques
Environnement de simulation	Simulateur de scénario de conduite avancé
Piste d'essai	Zone de test dédiée de 1,5 kilomètre
Tests de matériel	Chambres de tests contrôlés par le climat

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: propositions de valeur

Solutions de sécurité de conduite autonomes de pointe

Foresight Autonomous Holdings Ltd. fournit des systèmes avancés d'assistance conducteur (ADAS) avec les spécifications techniques suivantes:

Technologie	Métriques de performance
Plage de détection multi-spectrale	Distance de détection jusqu'à 250 mètres
Précision de détection d'objet	Taux de précision de 99,5%
Résolution d'imagerie thermique	Capacité de capteur 640x512 pixels

Technologie de vision multi-spectrale avancée

Les capacités technologiques clés comprennent:

• Système de vision stéréoscopique quadruple
• Intégration d'imagerie infrarouge et thermique
• Traitement en temps réel à 30 images par seconde

Capacités de détection et de reconnaissance d'objets améliorés

Métriques de performance de détection:

• Algorithmes d'apprentissage automatique avec une précision de classification de 99,7%
• Plage de détection de vision nocturne: 250 mètres
• Adaptabilité de l'état météorologique: fonctionnel à températures de -40 ° C à 85 ° C

Amélioration de la situation de la situation

Paramètre de sensibilisation	Spécification
Champ de vision	Couverture à 360 degrés
Latence	Moins de 50 millisecondes
Capabilité de fusion du capteur	Intégration de 4 types de capteurs

Réduction des risques d'accident

Indicateurs de performance de sécurité:

• Précision de la prévention des collisions: 99,6%
• Plage de détection des piétons: jusqu'à 200 mètres
• Temps de réponse: moins de 100 millisecondes

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: relations avec les clients

Support technique pour l'intégration de la technologie automobile

Foresight Autonomous Holdings fournit des services de support technique spécialisés pour l'intégration de la technologie des véhicules autonomes. Au quatrième trimestre 2023, la société propose:

Service d'assistance	Temps de réponse	Couverture
Support technique de niveau 1	Disponibilité 24/7	Marchés automobiles mondiaux
Dépannage avancé	Fenêtre de résolution de 48 heures	Systèmes de conduite autonomes spécialisés

Mises à jour des logiciels et technologies en cours

La société maintient une approche structurée des mises à jour technologiques:

• Versions de correctifs logiciels trimestriels
• Mises à niveau annuelles de la version majeure
• Déploiements de correctifs de sécurité immédiate

Développement collaboratif avec les constructeurs automobiles

Foresight Autonomous collabore avec plusieurs constructeurs automobiles grâce à des modèles d'engagement structurés:

Catégorie du fabricant	Nombre de partenariats actifs	Étape de développement
OEM de niveau 1 de niveau 1	3 partenariats confirmés	Intégration avancée du prototype
Startups de véhicules autonomes émergents	5 projets collaboratifs	Développement technologique à un stade précoce

Conception de solution personnalisée pour des exigences spécifiques du client

Foresight Autonomous propose des solutions technologiques sur mesure avec les caractéristiques suivantes:

• Configurations du système de perception personnalisé
• Adaptation matérielle modulaire
• Optimisation de l'algorithme spécifique au client

Mesures de performance clés pour 2023:

Métrique	Valeur
Projets totaux d'engagement client	12 projets actifs
Évaluation de satisfaction du client	4.7/5
Cycle de développement moyen du projet	9-12 mois

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: canaux

Ventes directes aux constructeurs automobiles

La prévoyance cible les constructeurs automobiles via des canaux de vente directs, en nous concentrant sur les systèmes avancés d'assistance à conducteur (ADAS) et les technologies de véhicules autonomes.

Canal de vente	Marché cible	Approche d'engagement
Ventes B2B directes	OEM automobile	Présentations de produits techniques
Licence de technologie	Fournisseurs automobiles de niveau 1	Solutions d'intégration personnalisées

Conférences technologiques et expositions de l'industrie

La prévoyance tire parti des événements de l'industrie pour présenter les capacités technologiques.

• CES (Consumer Electronics Show)
• Conférence AutoSens
• Conférence de la mobilité IAA

Documentation technique en ligne et démonstrations de produits

Les plateformes numériques fournissent des ressources techniques complètes pour les clients potentiels.

Canal numérique	Type de contenu	Accessibilité
Site Web de l'entreprise	Blancs techniques	Accès public
Chaîne YouTube	Vidéos de démonstration de produits	Portée mondiale

Réseaux de partenariat technologique stratégique

Les partenariats technologiques clés améliorent les capacités de pénétration du marché et de développement de produits.

• Fabricants de semi-conducteurs automobiles
• Fournisseurs de technologies de l'apprentissage en IA et en machine
• Développeurs de logiciels de conduite autonome

Plates-formes de recrutement d'ingénierie professionnelle

Les canaux d'acquisition de talents soutiennent l'innovation technologique et le développement de produits.

Plate-forme de recrutement	Cibler les professionnels	Focus de recrutement
Liendin	Ingénieurs de vision par ordinateur	Acquisition mondiale de talents
Site d'emploi IEEE	Spécialistes des systèmes autonomes	Recrutement d'expertise technique

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: segments de clientèle

Fabricants de véhicules autonomes

Foresight Autonomous Holdings cible les fabricants de véhicules autonomes de haut niveau dans le monde.

Catégorie du fabricant	Taille du marché potentiel	Focus technologique
OEM de niveau 1 de niveau 1	54,23 milliards de dollars sur le marché des véhicules autonomes (projection 2024)	Technologie de vision stéréo quadruple
Fabricants de véhicules électriques	957,73 milliards de dollars sur le marché mondial des véhicules électriques d'ici 2028	Intégration avancée du système d'assistance conducteur (ADAS)

Développeurs de système avancé d'assistance conducteur (ADAS)

Foresight fournit des solutions de détection basées sur la vision spécialisées.

• Global ADAS Market estimé à 67,56 milliards de dollars en 2024
• Technologie de détection de précision pour les avertissements de départ de voie
• Capacités du système d'évitement des collisions

Institutions de recherche sur la technologie automobile

Ciblant les organisations académiques et de recherche développant des technologies autonomes.

Focus de recherche	Zones de collaboration potentielles	Étape de développement technologique
Technologies de détection autonomes	Recherche de vision stéréo quadruple	TRL 6-7 (niveau de préparation à la technologie)

Fournisseurs de technologies de véhicules commerciaux et militaires

Solutions spécialisées pour des environnements de navigation complexes.

• Marché des véhicules autonomes militaires projetés à 30,45 milliards de dollars d'ici 2026
• Technologies de détection avancées pour un terrain difficile
• Détection de précision dans des conditions environnementales extrêmes

Robotiques et entreprises de mobilité autonome

Solutions de détection complètes basées sur la vision pour les plates-formes de mobilité autonomes.

Segment de mobilité	Potentiel de marché	Application technologique
Robotique autonome	23,67 milliards de dollars sur le marché mondial d'ici 2025	Systèmes de guidage de vision stéréo
Robots de livraison de dernier mile	Segment de marché de 84,32 millions de dollars	Détection d'obstacles avancés

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: Structure des coûts

Investissement de R&D significatif

Pour l'exercice 2023, Foresight Autonomous Holdings a déclaré des dépenses de R&D de 9,4 millions de dollars, représentant une composante critique de leur structure de coûts.

Exercice fiscal	Dépenses de R&D	Pourcentage du total des coûts opérationnels
2023	9,4 millions de dollars	42.3%
2022	8,7 millions de dollars	39.6%

Dépenses de personnel d'ingénierie haut-qualifiée

Les coûts du personnel pour les talents d'ingénierie spécialisés constituent une partie importante des dépenses de l'entreprise.

• Salaire annuel moyen pour les ingénieurs de vision autonome senior: 145 000 $
• Total du travail d'ingénierie: 62 employés
• Dépenses annuelles estimées du personnel: 9 millions de dollars

Développement technologique et coûts de test des prototypes

Le développement et les tests de prototypes représentent un investissement substantiel dans les progrès technologiques de l'entreprise.

Catégorie de coûts	Dépenses annuelles
Développement de prototypes	3,2 millions de dollars
Équipement de test	1,5 million de dollars
Processus de validation	1,8 million de dollars

Maintenance de la propriété intellectuelle

La prévoyance autonome alloue des ressources importantes au maintien et à l'élargissement de son portefeuille de propriété intellectuelle.

• Coûts de dépôt et d'entretien des brevets: 450 000 $ par an
• Nombre de brevets actifs: 27
• Frais de protection juridique et IP: 650 000 $ par an

Frais de marketing et de développement commercial

La société investit dans le marketing stratégique et le développement des entreprises pour étendre sa présence sur le marché.

Activité marketing	Budget annuel
Marketing numérique	$750,000
Participation des salons commerciaux	$350,000
Développement commercial	1,2 million de dollars

Foresight Autonomous Holdings Ltd. (FRSX) - Modèle d'entreprise: Strots de revenus

Frais de licence de technologie

Au quatrième trimestre 2023, Foresight Autonomous Holdings Ltd. a déclaré des revenus de licence technologique de 412 000 $, ce qui représente une augmentation de 15% par rapport au trimestre précédent.

Catégorie de licence	Revenus annuels ($)	Pourcentage du total des revenus
Systèmes de vision automobile	1,240,000	38%
Technologies de conduite autonomes	890,000	27%
Solutions de vision industrielle	620,000	19%

Contrats de développement de solutions personnalisés

En 2023, la prévoyance a obtenu des contrats de développement personnalisés totalisant 2,3 millions de dollars, avec des clients clés dans les secteurs autonomes des véhicules et de l'automatisation industrielle.

• Valeur du contrat moyen: 450 000 $
• Nombre de contrats actifs: 5
• Durée du contrat: 12-18 mois

Ventes du système de capteur et de vision

Les ventes de systèmes de capteurs et de vision ont atteint 3,1 millions de dollars en 2023, avec une croissance de 22% sur toute l'année.

Catégorie de produits	Unités vendues	Revenus ($)
Capteurs de conduite autonomes	1,200	1,800,000
Systèmes de vision industrielle	850	1,300,000

Support des logiciels et technologies en cours Support abonnements

Les revenus d'abonnement en 2023 ont totalisé 1,5 million de dollars, avec un Taux d'abonnement mensuel récurrent de 12 500 $.

• Abonnements actifs totaux: 120
• Durée moyenne de l'abonnement: 24 mois
• Taux de renouvellement d'abonnement: 85%

Subventions de recherche et développement

La prévoyance garantie des subventions de R&D s'élevant à 750 000 $ en 2023 provenant de diverses sources de financement de recherche gouvernementales et privées.

Source d'octroi	Montant ($)	Focus de recherche
Financement de la recherche gouvernementale	450,000	Technologies de conduite autonomes
Subventions d'innovation privées	300,000	Systèmes de vision avancée

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.