Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund

/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has invested in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology.

The investment, which is being made through Lear Innovation Ventures (LIV), 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," said John Absmeier, Lear's Chief Technology Officer. "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."
About Lear Corporation
About Maniv Mobility
Maniv Mobility is a leading venture capital fund dedicated exclusively to a new mobility future. Investing in early-stage startups, Maniv seeks out ideas around automotive connectivity and data, autonomous vehicle technologies such as sensors and software, and novel business models. With deep connections throughout the global automotive industry, policy and technology communities, Maniv leverages its network to provide hands-on support to its growing portfolio. For more information, visit www.maniv.com