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Benzinga
Benzinga
Business
Shivani Kumaresan

Goodyear Ventures Invests In Nova Labs

Goodyear GT Nasdaq
  • Goodyear Tire & Rubber Co (NASDAQ:GT) said its venture capital arm, Goodyear Ventures, recently participated in Nova Lab's series D financing round. The financial details of the investment were not disclosed.
  • The investment allows Goodyear to collaborate on efficient and accessible connectivity solutions, as connected mobility plays a vital role in the future of transportation.
  • Nova Labs is a founder of the core technologies powering the Helium Network, which provides public, long-range wireless coverage for many Internet of Things (IoT) devices, such as smart bikes and scooters, home delivery systems, and more. 
  • Price Action: GT shares are trading lower by 0.54% at $14.78 on the last check Wednesday.
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