SOUTHFIELD, Mich., March 11, 2019 /PRNewswire/ -- Lear
Corporation (NYSE: LEA), a global automotive technology leader in
Seating and E-Systems, today announced it has invested in an
Israel-based venture capital fund
managed by Maniv Mobility that is focused on advancing mobility
technology.
The investment, which is being made through Lear Innovation
Ventures (LIV), enables future collaboration and deepens Lear's
involvement in the mobility technology ecosystem. Maniv Mobility's
portfolio and investing activities are largely focused on Israeli
start-up companies in the connected, autonomous, ridesharing and
mobility sectors, as well as on investments in the U.S. and other
markets.
"Maniv is recognized as one of the premier investment funds
focusing on the key trends in the automotive market, which makes it
a great opportunity for LIV," said John
Absmeier, Lear's Chief Technology Officer. "This is an
exciting time of transformation for the industry, and Israel is at the forefront of the flourishing
auto tech sector. We look forward to this strategic partnership and
the innovations that will come from both start-ups and established
companies that are driving the future of mobility."
The partnership is not Lear's first mobility investment in
Israel. In 2017, Lear acquired EXO
Technologies, an Israeli developer of high accuracy vehicle
positioning technology designed to meet the demands of the industry
and drive change through increased accuracy, reliability and
functional safety for ADAS and Autonomous driving applications.
About Lear Corporation
Lear Corporation Lear is one of the world's leading suppliers of
automotive seating systems and electrical systems (E-Systems). Lear
serves every major automaker in the world, and Lear content can be
found on more than 400 vehicle nameplates. Lear's world-class
products are designed, engineered and manufactured by a diverse
team of approximately 169,000 employees located in 39 countries.
Lear currently ranks #148 on the Fortune 500. Lear's headquarters
are in Southfield, Michigan.
Further information about Lear is available
at lear.com or follow us on Twitter @LearCorporation.
Lear is where passion drives possibilities.
About Maniv Mobility
Maniv Mobility is a leading
venture capital fund dedicated exclusively to a new mobility
future. Investing in early-stage startups, Maniv seeks out ideas
around automotive connectivity and data, autonomous vehicle
technologies such as sensors and software, and novel business
models. With deep connections throughout the global automotive
industry, policy and technology communities, Maniv leverages its
network to provide hands-on support to its growing portfolio. For
more information, visit www.maniv.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/lear-invests-in-israel-based-maniv-mobility-venture-capital-fund-300809694.html
SOURCE Lear Corporation