LAS VEGAS, Nev. — At the 2020 Consumer Electronics Show earlier this month in Las Vegas, Goodyear Tire & Rubber Company announced the formation of a new venture capital fund, Goodyear Ventures. The fund will provide $100 million for new investments in future mobility solutions over the next 10 years.
Goodyear Ventures will continue and expand Goodyear’s growing relationships in new mobility. It will focus on partnering and investing in startups that have a shared vision of sustainable, safe and new mobility experiences that make life’s connections easier every day.
Goodyear’s Chairman, CEO and President Richard J. Kramer said, “Goodyear is a technology-driven mobility company that seeks out and partners with other mobility thought leaders, ranging from small startups to proven business models. Goodyear Ventures will take this effort to the next level to engage and shape how people move in the future.”
Goodyear Ventures will focus on eight themes shaping mobility, it was announced on Jan. 7:
- 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, vast vehicle service network, plus global manufacturing and product development footprint. www.goodyearventures.com
About Goodyear
Goodyear is one of the world’s largest tire companies. It employs about 64,000 people and manufactures its products in 47 facilities in 21 countries worldwide. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, develop state-of-the-art products and services that set the technology and performance standard for the industry. www.goodyear.com/corporate
