STOCK TITAN

Goodyear Ventures Invests in Autonomous Delivery Services Provider Starship Technologies

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Goodyear Ventures has invested in Starship Technologies, contributing to a $17 million funding round for the autonomous delivery startup. Starship, founded in 2014, operates self-driving robots for delivering packages, groceries, and food, completing thousands of deliveries daily across several cities. Goodyear Ventures aims to enhance mobility through electric and autonomous technologies, supporting startups aligned with its innovation goals. This investment aligns with Goodyear's strategy of fostering sustainable, safe mobility solutions.

Positive
  • Goodyear Ventures invested in Starship Technologies, enhancing its portfolio.
  • Starship's autonomous robots completed over 1 million deliveries globally.
Negative
  • None.

AKRON, Ohio, Jan. 27, 2021 /PRNewswire/ -- Goodyear Ventures, Goodyear's venture capital arm, has added Starship Technologies to its investment portfolio. Goodyear Ventures joins multiple investors helping to raise $17 million for the autonomous delivery company.

Founded in 2014, Starship Technologies builds and operates a network of self-driving robots that carry and deliver packages, groceries and food directly to customers. The company's electrically powered, autonomous robots are completing thousands of deliveries daily and have traveled millions of miles in several cities across the world as they offer people a convenient, contactless delivery service.

"Goodyear Ventures is excited to join Starship's journey as it revolutionizes the autonomous delivery space," said Abhijit Ganguly, senior manager, Goodyear Ventures. "Goodyear's trusted services footprint combined with its custom solutions for autonomous vehicle companies comprise a solid platform to support Starship in the market."

The investment approach of Goodyear Ventures 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.

For more information on Goodyear Ventures, go to www.goodyearventures.com

About The Goodyear Tire & Rubber Company

Goodyear (NASDAQ: GT) 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. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About Starship Technologies

Starship Technologies is revolutionizing deliveries with autonomous robots that are designed to deliver food, groceries and packages locally in minutes. The delivery robots have traveled millions of miles and completed over 1 million autonomous deliveries around the world. They drive autonomously but are monitored by humans who can take control at any time. Starship was founded by Skype co-founders, Ahti Heinla and Janus Friis.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/goodyear-ventures-invests-in-autonomous-delivery-services-provider-starship-technologies-301216120.html

SOURCE The Goodyear Tire & Rubber Company

FAQ

What investment did Goodyear Ventures make in January 2021?

Goodyear Ventures invested in Starship Technologies, contributing to a $17 million funding round.

What does Starship Technologies do?

Starship Technologies operates autonomous delivery robots that deliver groceries, packages, and food locally.

How many deliveries have Starship's robots completed?

Starship's robots have completed over 1 million autonomous deliveries worldwide.

What is Goodyear's approach to investment in technology?

Goodyear Ventures focuses on electric and autonomous technologies, supporting startups with innovative mobility solutions.

What is the stock symbol for Goodyear?

The stock symbol for Goodyear is GT.

Goodyear Tire & Rubber

NASDAQ:GT

GT Rankings

GT Latest News

GT Stock Data

2.32B
284.69M
7.69%
90.26%
6.85%
Auto Parts
Tires & Inner Tubes
Link
United States of America
AKRON