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Goodyear sets up $100M venture capital fund for mobility investments

U.S. automotive parts supplier Goodyear Tire & Rubber Co. said Jan. 7 that it allocated $100 million to a new venture capital fund that will invest in future mobility services and technologies over the next 10 years.

Goodyear Ventures will focus on startups involved in electric and autonomous technologies, connected mobility solutions, next-generation public mobility, next-generation aviation mobility, future transportation infrastructure, maintenance and operations, emerging technologies and new tire materials, the company said.

Goodyear announced the move at the 2020 Consumer Electronics Show in Las Vegas.