Lear Corporation has announced an investment in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology.
Lear is automotive technology company in Seating and E-Systems. 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.
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.
Source: Press Release