Goodyear Tire & Rubber Invests Undisclosed Sum In EV Startup AmpUp

Goodyear Tire & Rubber Co GT has invested an undisclosed sum in electric vehicle charging provider, AmpUp.
Goodyear, Foothill Ventures, and TechNexus Venture Collaborative are the investment firms that helped AmpUp raise the capital.
AmpUp plans to use the new capital to scale operational and technical capabilities to meet sales demand.
"It's important to provide consumers and fleets with solutions that unlock the full potential of electric vehicles, so it was logical to establish a relationship with AmpUp," said Abhijit Ganguly, Managing Director, Goodyear Ventures.
The new firms will join past investors YCombinator, Hyundai, SAIC Motor, and iSun Inc. ISUN.
Price Action: GT shares are trading lower by 2.83% at $16.13 on the last check Monday.