January 17, 2020 12:00 PM, EST

Goodyear Launches VC Fund Focused on Mobility

Two Goodyear blimpsGoodyear

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The Goodyear Tire & Rubber Co. announced a new venture capital fund, Goodyear Ventures, with $100 million targeted for new investments in future mobility solutions over the next 10 years.

The focus will be on partnering with and investing in startups with a shared vision of sustainable, safe and new mobility experiences that make life’s connections easier every day, according to the Akron, Ohio-based manufacturer.

Goodyear Ventures will focus on eight themes shaping mobility:

  • Electric and autonomous technologies
  • Connected mobility solutions
  • Next-generation public mobility
  • Next-generation aviation mobility
  • Future transportation infrastructure
  • Future maintenance and operations
  • Emerging technologies
  • New tire materials

In addition to capital, Goodyear Ventures’ portfolio companies will have the opportunity to learn and grow with Goodyear through its extensive technology and innovation resources, vehicle service network, and global manufacturing and product development footprint.

Goodyear employs about 64,000 people and manufactures its products in 47 facilities in 21 countries around the world. — Transport Topics

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