SOUTHFIELD, Mich., June 13, 2019 /PRNewswire/ -- Lear Corporation
(NYSE: LEA), a global automotive technology leader in seating and
electrical and electronic systems, and Plug and Play, a global
startup accelerator and corporate innovation platform headquartered
in Silicon Valley, today announced a strategic partnership focused
on advancing mobility innovation in the automotive industry. The
partnership will be coordinated through the Silicon Valley office
of Lear Innovation Ventures (LIV) in San
Mateo, California.
This relationship provides Lear with the opportunity to
collaborate with and mentor startups in the Plug and Play ecosystem
and heightens Lear's involvement in the mobility technology space.
Plug and Play has developed global accelerator programs, corporate
innovation services and an in-house venture capital (VC) fund to
make technological advancement progress faster than ever
before.
"Plug and Play is well known globally for its ability to attract
the best startups and investments across a variety of technical
industries," said John Absmeier,
Lear's Chief Technology Officer. "The purpose of LIV is finding the
best collaborative opportunities to enhance the future of mobility
and user experiences. We are looking forward to joining this
ecosystem and helping the next wave of startups flourish."
"We are thrilled to connect disruptive startup technologies with
Lear's industry leading interior automotive systems. The
combination will serve as a powerful force in the future of the
mobility experience," says Candace
Widdoes, Chief Operating Officer at Plug and Play.
LIV focuses on product, process and business model innovation
and is centered on intensifying activities around the autonomous,
connected, electrified and shared mobility
trends. LIV creates an environment for asking big
questions and finding the best solutions. The LIV ecosystem is
varied and vibrant, ranging from leveraging Lear's entire
169,000-member global team, to collaborations with world class
businesses, to connecting with outside partners from the startup,
accelerator and incubator, design and venture communities.
About Lear Corporation
Lear is a global automotive technology leader in seating and
electrical and electronic 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
#147 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 Plug and Play
Plug and Play is a global
innovation platform. Headquartered in Silicon Valley, Plug and Play
has built accelerator programs, corporate innovation services, and
an in-house VC fund to make technological advancement progress
faster than ever before. Since inception in 2006, its programs have
expanded worldwide to include a presence in over 20 locations
globally, giving startups the necessary resources to succeed in
Silicon Valley and beyond. With over 10,000 startups and 280
official corporate partners, Plug and Play has created the ultimate
startup ecosystem in many industries. It provides active
investments with 200 leading Silicon Valley VCs and hosts more than
700 networking events per year. Companies in the Plug and Play
community have raised over $7 billion in funding, with
successful portfolio exits including Danger, Dropbox, Lending Club,
and PayPal. For more information,
visit http://www.plugandplaytechcenter.com.
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SOURCE Lear Corporation