Lear Invests in Tel Aviv-Based Venture Capital Fund Maniv Mobility
Maniv Mobility's portfolio and investing activities are mostly focused on Israeli startup companies in the autonomous, ridesharing, and mobility fields
The financial details of the investment were not disclosed.
Founded in Detroit in 1917 and headquartered in Southfield, Michigan, Lear Corp. employs around 169,000 people in 39 countries, according to the company’s statement. The investment is being made through Lear Innovation Ventures (LIV), the tech startup investment arm it launched in January.In 2017, Lear acquired Tel Aviv-headquartered EXO Technologies Ltd., a developer of GPS technology for autonomous and connected car applications.