Southfield-based automotive seating and electronics supplier Lear Corp. and Silicon Valley startup accelerator Plug and Play are partnering to advance mobility innovation in the automotive industry. The partnership will be coordinated through the Silicon Valley office of Lear Innovation Ventures (LIV) in San Mateo, Calif.
According to Lear, the relationship provides an opportunity to collaborate with and mentor startups in the Plug and Play ecosystem. It also heightens Lear’s involvement in the mobility technology space. Plug and Play has developed global accelerator programs, corporate innovation services, and an in-house venture capital (VC) fund to make technological advancement progress faster than ever before.
“Plug and Play is well known globally for its ability to attract the best startups and investments across a variety of technical industries,” says John Absmeier, chief technology officer of Lear. “The purpose of LIV is finding the best collaborative opportunities to enhance the future of mobility and user experiences. We are looking forward to joining this ecosystem and helping the next wave of startups flourish.”
Candace Widdoes, COO at Plug and Play, says, “The combination will serve as a powerful force in the future of the mobility experience.”
LIV focuses on product, process, and business model innovation and is centered on intensifying activities around the autonomous, connected, electrified and shared mobility trends. The LIV ecosystem leverages Lear’s entire 169,000-member global team, collaborates with world class businesses, connects with outside partners from startups, accelerators and incubators, and design and venture communities.