Goodyear announces ‘Goodyear Ventures’ capital fund

Via a new venture capital fund announced at the 2020 Consumer Electronics Show yesterday, Goodyear Tire & Rubber Company will set aside US$100 million for new investments in future mobility solutions over the next ten years.

The aim of this fund, Goodyear Ventures, is to “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, chief executive officer 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 tyre 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