Goodyear invests in autonomous delivery services provider Starship Technologies

Advertisement

Goodyear Ventures, the venture capital arm of tire major Goodyear, has added Starship Technologies to its investment portfolio.

The six-year old Starship Technologies builds and operates a network of self-driving robots, which carry and deliver packages, food and groceries and directly to customers. The company’s electrically driven, autonomous robots are completing thousands of deliveries every day and have traveled millions of miles across the world. The robots are driven autonomously but monitored by humans and Starship Technologies was founded by Skype co-founders, Ahti Heinla and Janus Friis,

Goodyear Ventures has joined multiple investors helping to raise $17 million for the autonomous delivery company.

Abhijit Ganguly, senior manager, Goodyear Ventures, said they are excited to join Starship’s journey as it revolutionizes the autonomous delivery space.

He added: “Goodyear’s trusted services footprint combined with its custom solutions for autonomous vehicle companies comprise a solid platform to support Starship in the market.”

Investment approach

Goodyear Ventures’s investment approach focuses on several themes shaping mobility, including electric and autonomous technologies.

The venture capital fund amplifies Goodyear’s legacy of innovation by partnering and investing in seed-to-growth-stage startups that have a shared vision of sustainable, safe and new mobility experiences that make life’s connections easier every day.

Goodyear is one of the world’s largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world.

(With inputs from Automotive Lead Research Team)

If you like this article from Automotive Lead, please feel free to share this in your social media platforms to help your contacts to understand more on this subject

Also read: Busworld Europe brims with confidence over Brussels Expo