- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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