Southfield-based Lear Corp., a global automotive seating and e-systems supplier, has invested in an Israeli venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology.
The investment, being made through Lear Innovation Ventures, 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.
“Maniv is recognized as one of the premier investment funds focusing on the key trends in the automotive market, which makes it a great opportunity for LIV,” says John Absmeier, chief technology officer at Lear. “We look forward to this strategic partnership and the innovations that will come from both start-ups and established companies that are driving the future of mobility.”
This new investment is Lear’s second mobility stake 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.