Ram-On Investments and Holdings
Ram-On Investments and Holdings is a Tel Aviv Stock Exchange-listed Israeli investment and holdings company built around the engineering-thermoplastics maker Polyram, not a water specialist. Its one water-relevant holding tracked by (don't) Waste Water is the wastewater-intelligence startup Kando, backed across three rounds. As of 2026, Kando is its single water bet.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
Ram-On Investments and Holdings is not a water fund. It is a Tel Aviv Stock Exchange-listed Israeli holding company, ticker RMN, built around Polyram, an engineering-thermoplastics maker founded in 1986 at moshav Ram-On in the Gilboa hills of northern Israel. The plastics business renamed itself from Poliram to Ram-On Investments and Holdings in 2015 to mark its turn from pure compound maker to holder of assets, with Yosef Bitan as chairman.
Water reaches Ram-On sideways, through the pipe. Polyram's compounds already feed the irrigation industry, alongside its automotive, electrical and construction plastics, and irrigation is where Israeli water technology has always started. So when this northern-Israel industrial group put equity into a water-data startup, it read less as a pivot than as a short step from the material in the ground to the data running through it.
Ram-On's single water-relevant holding tracked by (don't) Waste Water is Kando, an Israeli wastewater-intelligence company founded by Zohar Scheinin and Ari Goldfarb that wires sensors and AI into sewer networks so utilities can spot pollution, trace its source and reuse more of what they treat, in real time. Ram-On has been an early and repeat backer, turning up across three of Kando's rounds next to Bridges Israel, OurCrowd and the Israel-Colorado Innovation Fund. In all, (don't) Waste Water tracks one Ram-On water company across three deals.
Ram-On, for a water founder, is not a thesis-driven water investor but an industrial holding company that knows pipes and took a liking to the data flowing through them. The open question is whether Kando stays a one-off or becomes the first of a water-technology line for a group with a foot in every irrigation field it already supplies.
Water Commitment Score
Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.
How they invest
Invests alongside
Highlighted = profiled on (don't) Waste Water.
Frequently asked
- What does Ram-On Investments and Holdings invest in?
- Ram-On Investments and Holdings is a Tel Aviv Stock Exchange-listed Israeli holding company centered on Polyram, an engineering-thermoplastics maker serving the automotive, electrical, irrigation and construction industries. Its single water-technology holding tracked by (don't) Waste Water is Kando, an Israeli wastewater-intelligence company.
- Is Ram-On Investments and Holdings a water fund?
- No. Ram-On Investments and Holdings is an industrial holding company, not a dedicated water investor. Water reaches it through one portfolio company, the Israeli wastewater-intelligence startup Kando, which Ram-On has backed across three funding rounds as an early and repeat investor.
- Who runs Ram-On Investments and Holdings?
- Ram-On Investments and Holdings is chaired by Yosef Bitan and trades on the Tel Aviv Stock Exchange under the ticker RMN. The company was formerly named Poliram (1999) Ltd and took the Ram-On Investments and Holdings name in 2015, reflecting its shift from a pure plastics maker to a holding company.
- What is Kando, and how is Ram-On connected to it?
- Kando is an Israeli company whose sensors and AI read wastewater inside sewer networks, helping utilities catch pollution and reuse treated water. Ram-On Investments and Holdings is one of its long-standing investors, joining funding rounds alongside Bridges Israel, OurCrowd and the Israel-Colorado Innovation Fund.
- Is Ram-On Investments and Holdings the same as Polyram?
- Ram-On Investments and Holdings (1999) Ltd is the Tel Aviv Stock Exchange-listed parent built on Polyram, the engineering-thermoplastics business at moshav Ram-On in northern Israel. They share roots and a 2015 name change from Poliram; Polyram is the operating plastics arm, Ram-On the listed holding company.