Lear says it has invested in Silicon Valley-based venture capital firm, Autotech Ventures to support start-ups in deploying mobility technologies.
The investment is being made through Lear Innovation Ventures (LIV), which was launched one year ago, to identify advanced development teams and early stage technologies and provide direct capital to innovation initiatives.
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Autotech Ventures’ portfolio and investing activities are largely focused on software, services and electronics start-up companies working to enable connected, autonomous, energy-efficient vehicles and services.
“With Autotech Ventures’ deep industry network and focus on identifying emerging trends in the automotive market, this is an excellent opportunity for LIV,” said Lear CTO, John Absmeier.
“As consumer demand increases for intelligent mobility and experience-enabling technologies, we are focused on making every drive better through investment and purpose-driven innovation.”
Since its inception in 2019, LIV has announced multiple initiatives and projects, including an investment in an Israel-based venture capital fund managed by Maniv Mobility and entered into partnerships with global accelerator, Techstars and Silicon Valley innovation platform, Plug and Play.
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