Lear Invests In Maniv Mobility Venture Capital Fund

By Noah Long ● March 14, 2019

Southfield, Michigan-based automotive technology company Lear Corporation announced it has invested in Israel-based venture capital fund Maniv Mobility — which is a venture firm that is focused on advancing mobility technology. Lear is making the investment through its Lear Innovation Ventures (LIV) division. And the investment will enable future collaboration and deepen Lear’s involvement in the mobility technology ecosystem.

Maniv Mobility is especially focused on investing in connected, autonomous, ridesharing, and mobility startup companies. And Lear is known for serving every major automaker in the world. And Lear content can be found on more than 400 vehicle nameplates.

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“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,” said Lear chief technology officer John Absmeier in a statement. “This is an exciting time of transformation for the industry, and Israel is at the forefront of the flourishing auto tech sector. 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 is not Lear’s first mobility investment in Israel. A couple of years ago, Lear bought EXO Technologies — which is an Israeli developer of high accuracy vehicle positioning technology company that drives change through increased accuracy and functional safety for ADAS and autonomous driving applications.

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