LAS VEGAS, Jan. 7, 2020 /PRNewswire/ -- Today at the 2020
Consumer Electronics Show, The Goodyear Tire & Rubber Company
(NASDAQ: GT) announced a new venture capital fund, Goodyear
Ventures, with $100 million targeted
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, with a 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.
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:
- 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, and global manufacturing and product development
footprint. For more information on Goodyear Ventures, go to
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 around the world. Its two
Innovation Centers in Akron, Ohio,
and Colmar-Berg, Luxembourg,
strive to develop state-of-the-art products and services that set
the technology and performance standard for the industry. For more
information about Goodyear and its products, go
to www.goodyear.com/corporate.
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SOURCE The Goodyear Tire & Rubber Company