The Goodyear Tire & Rubber Company (NASDAQ: GT), one of the world’s largest tire companies, launched a new $100 million venture capital fund.
Goodyear Ventures aims to make new investments in future mobility solutions over the next 10 years. The firm will focus on partnering and investing in startups with a shared vision of sustainable, safe and new mobility experiences that make life’s connections easier every day.
It 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, the portfolio companies will have the opportunity to learn and grow with the tyre company through its technology and innovation resources, vast vehicle service network, and global manufacturing and product development footprint.
Goodyear currently employs about 64,000 people and manufactures its products in 47 facilities in 21 countries around the world.