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Lear agrees to invest in private equity firm Autotech Ventures

Automotive technology company Lear Corp. agreed to invest in Silicon Valley-based private equity firm AutoTech Ventures.

The investment will be made through Lear Innovation Ventures, a fund launched in 2019 to identify advanced development teams and early-stage technologies and provide direct capital to innovation initiatives.

Autotech Ventures' investments focus on software, services and electronics startup companies working to enable connected, autonomous, energy-efficient vehicles and services.